provided by the inexperienced staff assistant the most obvious analytical procedure to start with is to compare the 2005 financial date with the 2004 financial data. By analyzing the two years against each other‚ I have noticed that it appears Laramie Wire may be building up their inventory stores. I state this because their finished goods inventory has went up from $1‚175‚500 to $1‚654‚500 in just that one year. This is an increase of finished goods inventory of 40%. This is something which I
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Case # 1 Laramie Wire Manufacturing: Using Analytical Procedures in Audit Planning February 18‚ 2011 Laramie Wire Manufacturing‚ a medium sized company‚ is planning an initial public offering of its stock in the next two to three years. Laramie operates in a single 500‚000 square foot building complex. Laramie buys copper rod and plastic materials to produce insulated copper wiring. The building complex is composed of 3% office space‚ 57% production area‚ 15% shipping and receiving area
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Case 8.1 Laramie Wire Manufacturing Auditing Standards AU 329 – Analytical Procedures– Analytical procedures consist of evaluations based on studies of financial and non-financial data. Auditors use analytical procedures for three reasons: planning the nature‚ extent‚ and timing of analytical procedures as a substantive test to obtain audit evidence about particular assertions related to account balances or classes of transactions as an overall review of the financial
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The objective of analytical procedures is to identify the existence of unusual transactions and events‚ and amounts‚ ratios and trends that might indicate matters that have financial statement and audit planning ramifications*. First‚ the auditors should consider information regarding the industry in which the client operates**. In this case‚ average machine setup time from start to finish is approximately six hours‚ which is slightly below the industry average. It means the company is efficient
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Final Exam Paper The Laramie Project Over spring break‚ I went home and saw The Laramie Project at my high school. Before seeing the play‚ I knew a brief overview of what had happened in Laramie‚ Wyoming‚ but did not know the details. I knew that Matthew Shepard was a gay‚ male‚ college student who was brutally murdered from a hate crime. When I first got to the auditorium‚ I could barely find my seat because the entire place was packed with people‚ and I knew it had been a sold out show.
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factory‚ car dealers‚ the University of Wyoming - reveals the town of Laramie‚ Wyoming‚ pop. 26‚687. As the town’s police sergeant says‚ "It’s a good place to live. Good people - lots of space. We’re one of the largest states in the country‚ and the least populated." Laramie residents take pride in being part of the "gem city of the plains‚" and appear to believe in the motto "Live and Let Live." What happens to a town like Laramie when something unexpected‚ unconscionable and unforgivable rips it
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1st Play Response on “The Laramie Project” The Laramie Project is a play / docudrama by Moises Kaufman and the member of the Tectonic Theatre Project. A film Laramie Project is based on a real life story of a young Matthew Shepard‚ a 21 year old was found tied to a fence where he was beaten and left for dead by two men‚ Aaron McKinney and Russell Henderson on October 7‚ 1998. At the beginning scene they showed how beautiful and secluded the Laramie‚ WY with only 26687 people living there
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desperation‚ and hatred penetrate the air of Laramie‚ as picket signs riddled with seething words of resent and pleas for acceptance a like overwhelm the streets. Uncompromising eyes meet the forlorn gaze of fear and love that try to convey the want for security and acceptance in a world that only offers silence as a solution. The chaos of social unrest‚ the clash between good intention and misguided ideals‚ the want for change is what the society of Laramie painted on the canvas of homosexuality after
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Linda Nguyen Mrs. Vale-Suarez Survey of Literature‚ Period 3 October 31‚ 2008 Extra Credit: The Laramie Project Lane Tech College Preparatory has chosen to do a play on The Laramie Project‚ a non-fiction story of discrimination upon homosexual and the hate crime of Matthew Shepard’s murder in 1998. The story takes place in Laramie‚ Wyoming‚ based on hundred of interviews afterward the murder‚ and re-enacts in chronology of the murder. It truly is a really serious and important subject to
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Film: The wire (TV series 2002-2008) The series features the abuse of narcotics from a law enforcer’s‚ abuser’s and a drug dealer’s perspective. Rational choice theory This theory settles on a practical belief that man is an actor who reasons contemplates on benefits‚ means‚ costs and ends then makes a rational choice. Man has a sense comprehensible rationale of free will‚ where he evaluates the risks and benefits for committing a crime. From the excerpts from the film (season1)‚ we see a night
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