ZZZZ Best Company How Does a Review Differ from an Audit

ZZZZ Best Company Case Ernst and Whitney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for the three months ended July 31, 1986. How does a review differ from an audit, particularly in terms of the level of assurance implied by the auditor’s report? While both a review and an audit are attestation services provided by CPAs. A review and an audit differ in that a review does not offer the level of assurance that an audit does, auditors do not look at as much evidence for a review as they would for an audit, and reviews cost less than an audit. SAS No106, â€Å"Audit Evidence†, identifies the principal â€Å"management assertions† that underlie a set of†¦show more content†¦And in the ZZZZ Best case the predecessor Greenspan was not contacted by the successor Ernst and Whitney, although Ernst and Whitney said they tried but wouldn’t disclose what they learned. Did the confidentiality agreement that Minkow required Ernst and Whitney to sign improperly limit the scope of the ZZZZ Best audit? Why or why not? Discuss general circumstances under which confidentiality concerns on the part of a client may properly affect audit planning decisions. At what point do client imposed audit scope limitations affect the type of audit opinion issued? Yes the agreement that Minkow insisted would have affected the scope of the audit, first they did not contact the predecessor auditor, according to Greenspan. The agreement limited the third parties they could contact, making it impossible to obtain outside records and confirm any other type of documents. Making the information given by Minkow totally unreliable. Audit scope limitations imposed by the client affect the opinions that an auditor can give: if the limitations are immaterial then the auditor may give an unqualified report; if the limitations are material, but don’t really affect the financial statements then the opinion given by the auditor may be a qualified opinion with explanations; if the limitations are so material that the financialShow MoreRelatedEssay on ZZZZ Best Company, Inc.: Case Study1340 Words   |  6 Pages------------------------------------------------- ZZZ Best Company, Inc. ------------------------------------------------- Case Study 2 ------------------------------------------------- Due Date: March 30,2010 ZZZ Best, Case 1. Ernst amp; Whinney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for the three months ended July 31, 1986. How does a review differ from an audit, particularly in terms of the level of assuranceRead MoreAuditing Cases22626 Words   |  91 Pagesor as an illustration of effective or ineffective auditing. Reprinted by permission from Jay C. Thibodeau and Deborah Freier. Copyright  © Jay C. Thibodeau and Deborah Freier; all rights reserved. 1†¢Ã¢â‚¬ ¢Ã¢â‚¬ ¢ ( Case 61  ® Enron Enrori’s First Few Years hi~ 1985 Enron had assets along the three major stages of the supply chain of nat ural gas: production, transmission, and distribution. Natural gas was produced from deposits found underground. The natural gas was transmitted via pipe lines, or networks

Capital Punishment Lethal Injection - 824 Words

Capital Punishment The death penalty is the punishment by lethal injection for committing serious criminal offenses. There are 32 states, including California, which has the death penalty and 18 states where the death penalty is illegal. The jury convicts when the death penalty is going to be used. The New York Times board, 19 expertise journalists, wrote an editorial titled â€Å"The Humane Death Penalty Charade†, discussing that people should be against capital punishment because it is torture and unhuman. In the beginning, it was about how every individual that is executed by lethal injection suffer massively. People like Charles Warner and Clayton Lockett were two of the many people who passed their last few minutes slowly suffering. Next, there are many people who are either for or against capital punishment, but the reasons either side give are the most commonly heard. For example, people who are in favor of capital punishment claim that executing a murderer is a method to make sure that they will never kill or hurt anyone else. On the other hand, people who are against capital punishment say that murdering a person is a crime, no matter who does it. As a final point, the opinion of Alex Kozinski, a federal appellate judge in California, towards the death penalty. The editorial board’s rhetoric was not successful because it omitted lots of key points to make the reader change their opinion about capital punishment. The audience for this editorial would be a public thatShow MoreRelatedLethal Injection Is A Violation Of Human Rights1541 Words   |  7 PagesIran† (A World Shift from Execution, 2001). Lethal injections have been administered for countless years in these countries. A lethal injection is the act of injecting sodium thiopental into the blood stream of a person. The medicine used and how it is administered is a major concern with lethal injections since they are used kill a person quickly. â€Å"Several states, including M issouri, Wyoming and Virginia are looking to alternatives to lethal injection, given the increasing difficulty of obtainingRead MoreIs Lethal Injection More Humane Than Hanging Or Firing Squad?815 Words   |  4 PagesChristison in 1846, lethal injection was later implemented for the first time in 1977 by American medical examiner Jay Chapman as a way to supplement previous forms of capital punishment seen as painful. This relatively new form of execution has been the primary form of capital punishment in five countries, including the United States, for about the past thirty years, but has come under much criticism in recent years for its presumed inhumane proceedings. Near fifteen hundred lethal injections have been performedRead MoreThe Execution Of An Inmate Essay867 Words   |  4 Pagesunusual punishments inflicted† (amend. XIII). considering the possibility of an execution going as badly as Lockett’s, we must ask if we are violating this amendment. The execution of an inmate is also likely to bring up issues of faith, Romans 12:18 states â€Å"leave it to the wrath of God, for it is written, Vengeance is mine, I will repay, says the lord† (Rom. 12.18). Morality should determine where we go as a country, including the punishments we invoke. I researched the issue of lethal injectionRead MoreThe Death Penalty Is The Punishment Of Execution1247 Words   |  5 PagesWhat is the death penalty? The death penalty is the punishment of execution, administered to someone legally convicted of a capital crime. In the reading selection â€Å"The DEATH PENALTY in AMERICA† Bedau says that â€Å"The history of the death penalty in America can be useful if roughly divided into six epochs of very uneven duration and importance (3)†.The author is saying that the history of the death penalty can be usefully if it is separate into different time period. The author says â€Å"first, from theRead MoreCapital Punishment Is A Form Of Torture971 Words   |  4 PagesCapital punishment is nothing new; executions have taken place for centuries. Capital punishment is utilized throughout the world. Thirty-six countries currently use the death penalty in law and practice. One hundred and three countries have abolished the death pen alty completely. Whereas, six countries currently retain the death penalty for special circumstances, such as war crimes (CIA World Factbook). Whether capital punishment is an effective measure to curb future violent crimes is still debatedRead MoreThe Importance Of Self Administered Poisoning And Lethal Injection Approach843 Words   |  4 PagesHistorically, capital punishment through execution has been administered in various forms, prompted by the desire to conform to the ever-changing standards of decency. In Ancient Greece, as Plato exhibits the experience that Socrates went through. The condemned prisoners were given a poison (hemlock) to self-administer themselves on the day of execution. Such is different from the current system where the condemned prisoners are executed by lethal injection. This paper seeks to establish whetherRead MorePros And Cons Of Capital Punishment1471 Words   |  6 PagesIntroduction Capital punishment is one of the most controversial ethical issues that our country faces these days. Capital punishment is the legal penalty of death for a person that has performed heinous acts in the eyes of the judicial system. Discussion on whether capital punishment is humane or considered cruel and unusual punishment has been the main issue this of debate for years. Recent discussion goes far beyond the act itself but now brings into question whether medical personal shouldRead MoreCapital Punishment Of The United States961 Words   |  4 Pages Capital Punishment in the United States For centuries, capital punishment has been used as a consequence of capital crime. Criminals who have committed such crimes are subject to facing the death penalty. Pickens shares, â€Å"Capital crimes are considered to be treason or terrorist attacks against the government, crimes against property when life is threatened, and crimes against a person that may include murder, assault, and robberyRead MoreDeath Penalty Argumentative Essay1424 Words   |  6 Pages or capital punishment, is the execution of an offender that is sentenced to death by a court of law for a criminal offense.   This type of punishment for inmates is involved in controversy over whether or not it is an acceptable form of punishment for criminals and also whether or not it is immoral.   There are many arguments for both sides of the debate, each making valid points and pointing out the flaws of the opposing position. Many religions are either for or against capital punishment, dueRead MoreThe Debate O f Capital Punishment1313 Words   |  6 PagesCapital Punishment Introduction The state of California has carried out 13 executions since the enactment of capital punishment in 1992 (NAACP, 2016, 10). According to the NAACP winter quarterly report, there are currently 743 prisoners on death row (NAACP, 2016, 39). Since the enactment, there has been a wide range of political debate. The largest concern is in regards to the number of wrongful convictions and its philosophical underpinnings. The citizens in California are as diverse as their

Bacterial Concentration and Diversity Free Essays

The objective of this particular paper was to study the results that were extracted when bacterial communities were formed. These bacterial communities were formed through the process of the reproducibility of small volume of repeat sampling from replicate bioreactors with stabilized continuous-flow chicken cecal bacterial communities. The results referring to the bacterial concentration and diversity were then analyzed by phenotypic, biochemical and ribotype analysis. We will write a custom essay sample on Bacterial Concentration and Diversity or any similar topic only for you Order Now To grow bacteria a stable environment is the most essential requirement this stable and a constant environment is known as steady-state conditions. This allows bacterial cultures to be obtained in a reproducible manner for batch consistency. The cultural efficacy was determined by taking an assumption that the aliquot taken from the cultures were identical and therefore did not overall affect the results to be determined by the particular experiment (bacterial culture). Mixed samples of avian cecal material were used to establish replicate bioreactor cultures. Repetitive samplings of the planktonic components were done to determine if all aliquots had the like bacterial contents within the same bioreactor. Consistency was seen during this repetitive sampling process but changes were seen in the specific composition of the resulting communities that initiated from one supply of cecal assortment. These are the basis on which the whole experiment and the methodology are based on. METHODOLOGY: †¢ Bioreactor and Sampling Design: The cecal contents were extracted from 150 birds (chicken) and then thoroughly mixed under sterile anaerobic conditions. Three replicate bioreactors (Bioflo ® 110 Fermentor/Bioreactor, New Brunswick Scientific Co, Inc. , Edison, NJ) were used. The steady-state conditions were maintained by keeping the cultures under continuous-flow conditions at a flow rate of 0. 8 ml/min and also flushed with carbon dioxide that was free of any oxygen. For the first 48 hours the pH of the bioreactor was maintained to a stable 6. 2  ± 0. 3. Then for 3 weeks the cultures were allowed to reach equilibrium the planktonic component was sampled 11 times during this 3 weeks period. After this period 1ml aliquots were collected for analysis. i. e. pH measurement , bacterial isolation etc. †¢ Bacterial Isolation and Preliminary Identification: The material obtained from the bioreactor was sampled and some of the bacterial cultures obtained were quantified by growth of a 10? l aliquot on selective media in triplicate. The triplicate had a 5% sheep blood and was used to determine hemolytic reactions and for the recovery and the enumeration of the aerobic microbial species. The identification and the isolation of the aerobic bacteria was done by streaking the 10  µl aliquots onto TS-blood agar , Brilliant Green Agar, BGA; Becton Dickinson, Sparks, MD), CHROMagar E. coli and Orientation, MacConkey, mEnterococcus, and Rogosa plates. These plates were then incubated for 24 hours at thirty seven degrees. Likewise anaerobic bacteria were isolated too but the streaking was done onto Brucella-blood agar, Phenylethyl alcohol agar (Becton Dickinson, Sparks, MD), Veillonella, and BBE plates. The plates were then incubated anaerobically for 48-72hours at the same temperature. These bacteria were also tested for aero tolerance. †¢ Enumeration: The total aerobic and anaerobic population levels were enumerated by serial dilation onto TS-blood agar, MacConkey, mEnterococcus agars or Brucella-blood agar plates, respectively. †¢ Ribotype Characterization: Isolates from the bacterial lawns were collected and analyzed by using RiboPrinter ® Microbial Characterization System following the manufacturer’s instruction using lytic enzymes. Endonuclease EcoRI was used to cleave the DNA and gel electrophoresis was used to separate the fragments and analysis was done using a modern hybridization blotting technique. The DNA hybridized was labeled rRNA operon prob derived from Escherichia coli, and the bands were detected by chemiluminescence. The image formed was captured and transferred to the RMCS database and data were normalized to a standard marker set. The images were compared with the 6448 EcoRI riboprint patterns in the DuPont database and a 900 EcoRI riboprint pattern custom in-house database (USDA, ARS, College Station, TX). †¢ Data Analysis: For each set of combined cecal material the above mentioned 3 replicate bioreactor were established. These were then analyzed for enumeration and characterization (eleven per bioreactor). The statistics were represented in tabular form. Commercially available software was used to analyze and calculate data. Differences in cfu/ml were compared among the replicate bioreactors. MAIN RESULT: The collecting of bacteria cultures or any other organism is greatly affected by the sample size and the frequency of organisms being sampled in a particular environment. Some of the processes or the methods described above also have limitations due to different constraints that govern their working e. g. enumeration. Enumeration of bacteria is affected by many factors including individual species growth rates, fitness of each competing species etc. therefore the bacteria produced or grown in a selective media maybe less productive when exposed to competition from many other species in a non-selective media culture. The probability of collection is greatly affected by the spatial distribution of organisms. As a rule the sampling requirement must increase as the degree of unit aggregation increases. Enumeration is also affected by aggregation and may account for some of the variation reported in the bacterial quantification. Therefore considerations should be given to the sampling size when using aliquots for inoculation from cultures with known aggregating species. An important thing to mention here that whatever the sampling technique is used there are also certain limitations associated with sampling. It is not only quite difficult to harvest all species comprehensively but our present technological inability also creates a hindrance because we are unable to artificially culture all bacterial species. It was also seen that the efficiency of detection of pathogenic bacteria is affected by dilution i. e. a lower efficiency of detection was achieved where the prevalence of the target bacteria was diluted. A threshold quantity of specific bacteria maybe required for the proper mix. Adjustments in population density, adhesion and diversity which occur during culturing period greatly affects this observation. CONCLUSION: The aim of this study or experiment was to determine reproducibility of small volume repeat sampling with the help of a bioreactor. Basically bacterial concentration and diversity were the two important factors that were being concentrated these two quantities were analyzed within stabalised continuous-flow chicken cecal bacterial communities initiated by replicate aliquots taken from thoroughly mixed samples. Pooled cecal material was created from layer chicks to establish the bioreactors. After a steady-state was reached the plankton components were sampled repetitively for three weeks and was then characterized by phenotypic, biochemical and ribotype analysis. No notable differences were found in the bacterial concentrations that came from the same bioreactor. Differences were found in bioreactors initiated from the same stock material. BIBLIOGRAPHY 1. Tawni L Crippen, Cynthia L Sheffield, Kathleen Andrews, Roy Bongaerts, and David J Nisbet, (2008), Bacterial Concentration and Diversity within Repetitive Aliquots Collected from Replicate Continuous-Flow Bioreactor Culture, Open Microbiol J. 2008; 2: 60–65, published online 2008 May 23. http://www. pubmedcentral. nih. gov/articlerender. fcgi? artid=2593035tool=pmcentrez How to cite Bacterial Concentration and Diversity, Papers