This matter concerns an audit of Jersey Johnnie’s Surfboards Inc., and allegations concerning accounting improprieties and concerns regarding accurate financial reporting. Internal investigation has been commenced, and outside legal counsel has been engaged to review the matter. 1. In response to the foregoing, company management, the Board of Directors, or...

The Mission and Overall Strategy AnalysisVirgin Australia Holdings Limited was established in 2000 as Virgin Blue Airlines. It was part of the Strategic Business Units pursued by Virgin Atlantic in the Australian domestic airline market. The company owns many aircraft such as Embraer E-190 and E170 along with Boeing 737-700...

Best practices in strategic planning and policy require businesses to predict the financial position in different situations. Managers access past results to plan and predict what can happen in the future. They can also determine the resources and capital necessary to move forward with a project. There are many theories...

AbstractThis paper describes why a person would major in accounting and the possible careers, namely accountants and auditors, which a person could pursue. It describes the educational requirements to become an auditor as well as the certifications an auditor can get (but which are not required). The Institute of Internal...

AbstractFASB has continually issued and revised the consolidation standards over time. The current consolidation guideline has different rules for the accounting for variable interest entities, non-controlling interests, and off-balance sheet transactions. It was developed to discourage the abuse of off-balance-sheet transactions for tax purposes. Consequently, there are different presentation and...