You are the new controller for Engineered Solution s. The company treasurer, Randy Patey, believes that as a result of pending legislation, the current 40% income tax rate will be decreased for 2017 to 35% and is uncertain which tax rate to apply in determining deferred taxes for 2016. Patey also is uncertain which differences should be included in that determination and has solicited your help. Your accounting group provided you the following information. Two items are relevant to the decisions. One is the $50,000 insurance premium the company pays annually for the CEO\'s life insurance policy for which the company is the beneficiary. The second is that Engineered.

1. You are the new IT manager at InvestCo, a small securities firm, and three days after you started
your new job the secretary to the CEO was tricked into giving the CEO
Solution
A. Employee training problems
The secretary needed to be trained on the fact that no password can be shared via telephone, in
fact passwords are personal and can not be shared
B. Employee/company operating process and procedure problems
Why would the secretary give CEO