ACC 411 Final Project Scenario
Assume you are an auditor at an accounting firm. Your team is getting ready to start a financial audit of
Robbins Network
Solution
s (RNS). You will start with the initial review and audit preparation.
You know the following information about RNS.
Objectives of the Engagement
Audit of the financial statements for the year ended December 31, 2017.
Business and Industry Conditions
RNS sells and installs computers and networking hardware and software, and provides information
technology consulting to businesses. It is currently developing its own computer networking software to
sell to customers.
RNS’s success depends on attracting and retaining personnel with a high level of technical expertise who
are able to provide a broad range of services. The market for staff is highly competitive.
The market for computers and networking products is extremely competitive. RNS’s main competitors
are companies like Dell, Hewlett Packard, and Apple. RNS also competes with local and regional resellers
that provide similar products and consulting services directly to customers. To be competitive, RNS has
relied on its ability to provide its customers with state-of-the-art products in a timely manner. Because
the company does not have the buying power of some of its competitors, it generally must charge a
higher price for its products, but it is also able to provide a higher level of service and expertise to its
customers to compensate for the higher price.
The market for computer products and technology services is sensitive to economic conditions.
Economic indicators predict the U.S. economy will be relatively stagnant for the next few years, with the
annual growth in spending for information technology products and services expected to be 1 percent
per year for the next three years. In the past year, RNS has decided to increase sales by relaxing credit
rules to provide credit to customers with slightly higher credit risk.
Ownership and Management
RNS is a closely held company owned by six stockholders. Two stockholders are active members of the
company’s board of directors. None of the other owners take an active part in the management of the
business.
Objectives, Strategies, and Business Risks
RNS’s primary business objectives are to increase sales, services, and consulting revenues by five
percent and increase net income by seven percent each year for the next three years. Strategies to
achieve those objectives include:
New software development
Aggressive marketing of products and services through increased advertising
Sales to customers with a higher credit risk profile
The primary business risks associated with the company’s strategies include the following:
The U.S. economy may suffer a significant downturn.
Competitors may engage in predatory pricing to gain market share.
Increased advertising expenditures may not produce desired result.
ACC 411 Final Project Scenario Assume you are an audito.docx
1. ACC 411 Final Project Scenario
Assume you are an auditor at an accounting firm. Your team is
getting ready to start a financial audit of
Robbins Network
Solution
s (RNS). You will start with the initial review and audit
preparation.
You know the following information about RNS.
Objectives of the Engagement
Audit of the financial statements for the year ended December
31, 2017.
Business and Industry Conditions
RNS sells and installs computers and networking hardware and
software, and provides information
technology consulting to businesses. It is currently developing
its own computer networking software to
2. sell to customers.
RNS’s success depends on attracting and retaining personnel
with a high level of technical expertise who
are able to provide a broad range of services. The market for
staff is highly competitive.
The market for computers and networking products is extremely
competitive. RNS’s main competitors
are companies like Dell, Hewlett Packard, and Apple. RNS also
competes with local and regional resellers
that provide similar products and consulting services directly to
customers. To be competitive, RNS has
relied on its ability to provide its customers with state-of-the-
art products in a timely manner. Because
the company does not have the buying power of some of its
competitors, it generally must charge a
higher price for its products, but it is also able to provide a
higher level of service and expertise to its
customers to compensate for the higher price.
The market for computer products and technology services is
sensitive to economic conditions.
Economic indicators predict the U.S. economy will be relatively
stagnant for the next few years, with the
3. annual growth in spending for information technology products
and services expected to be 1 percent
per year for the next three years. In the past year, RNS has
decided to increase sales by relaxing credit
rules to provide credit to customers with slightly higher credit
risk.
Ownership and Management
RNS is a closely held company owned by six stockholders. Two
stockholders are active members of the
company’s board of directors. None of the other owners take an
active part in the management of the
business.
Objectives, Strategies, and Business Risks
RNS’s primary business objectives are to increase sales,
services, and consulting revenues by five
percent and increase net income by seven percent each year for
the next three years. Strategies to
achieve those objectives include:
software development
4. increased advertising
The primary business risks associated with the company’s
strategies include the following:
share.
results.
es.
products.
The company has developed the following responses to these
5. risks:
marketing consulting firm to evaluate the
performance of advertising methods
Measurement and Review of Financial Performance
Management uses the following measures to monitor the
company’s performance:
6. Reply week 4 research
1- Alberto alfonso
Peer-reviewed scholarly articles are regarded as an important
instrument to expand the knowledge of researchers and inform
scientists about the recent events. It is stated that the quality of
articles is the important factor to evaluate knowledge generation
at the global level (Ahmadi, & Soori, 2015). The research
methodology incudes such aspects as study design, sampling,
data collection, and analysis. Study design usually detects what
kind of data is to be collected, which groups are selected for
data collection, and when this event will take place for each
group. The analyzed article is identified as qualitative research
based on collecting such data as nursing self-reports of
psychosocial interventions. The selected group of participants is
registered nurse practitioners who work with the families of the
patients with chronic kidney disease. The analysis was made
with the help of hermeneutic inquiry to study this type of
7. nursing practice in the recent years.
2-sandra jaime
Alia et al. (2011) established that the application of systemic
corticosteroids who depend on mechanical ventilation to
manage COPD exacerbations improves the efficacy of
noninvasive mechanical ventilation and minimizes the time that
patients use mechanical ventilation. Abroug et al. (2014) noted
that corticosteroids use when dealing with COPD patients with
severe exacerbations who rely on ventilator support fails to
realize any significant benefit, including minimizing
noninvasive ventilation failure. Instead, corticosteroids trigger
more hyperglycemic episodes. Leuppi et al. (2013) noted that
there is no clinical inferiority in the short-term therapy when
compared to the conventional therapy. Kiser, Allen, Valuck,
Moss, and Vandivier (2014) confirmed that treatment in the first
48 hours involved the use of high corticosteroid doses and
corticosteroid doses above 240mg/day did not benefit COPD
patients relative to low doses.
8. 3-niurka pina
The article in question is an experimental article that is
designed to answer the question of the efficacy of aerosol
measles vaccination exposure time compared to subcutaneous
injections on 9 month old infants (Wong-Chew, García-León,
Torrija, Hernández-Pérez, Cardiel-Marmolejo, Beeler, Santos-
Preciado, 2011). The standard practice in aerosol measles
vaccination is to expose the child to the aerosol for 30 seconds
to properly administer the vaccination (Wong-Chew, et al.,
2011). This is known to be very effective for children of 12
months or older but the same treatment has a poor efficacy on 9
month old infants. The experiment conducted to determine if a
longer exposure time for 9 moth old infants would improve
immunological response, aerosol exposure time was increased to
2.5 minutes for 9 month old infants. The conclusions made by
the experiment showed that by increasing exposure time to the
aerosol vaccine elicited comparable results to those of who
received the vaccination by subcutaneous (Wong-Chew, et al.,
2011)