O'Brian

PROFESSOR RONALD JASTRZEBSKI O Brian Software January 28, 2012 SUMMARY OF THE FACT speck O Brian, tonal out of college takes up a jaunty position at his Aunt Amelias software company, O Brian as a junior internal auditor. Within two months of holding his new position, scratch familiarizes himself with the companys books and becomes specially concerned all over issues with revenue recognition. After liberation over the financial statements carefully, he noted significant inwardness of unearned revenue. He presumed he superpower be overreacting or their might be a chance that OBrian might be smoothing earnings. He tangle this way because the industry he works in is impact by cyclical buy patterns up this month and trim the next, only if for some savvy this has not been the case with O Brian. For 3 historic period sequential since the company went public, it has continued to produce clean opinion from out-of-door auditors. The only way Nick c an find declarations to his questions is by addressing the issue with the Chief monetary Officer (CFO) Mr. lee side Marchetti, who is sound respected by his aunt Amelia and well known for his years of experience in news report and finance, Aunt Amelia relies on him heavily because she has little to no cognition of accounting, her expertise lies with PC softwares.

Nicks principal(prenominal) goal is to ensure that his aunts company is not flagged by the Security and counterchange Commission (SEC) for investigation from coverage revenue that might be misleading to investors. Nick prospect it best to qu estion Mr. Lee first before bring this conc! ern to his aunts attention, which in turn is prudent for addressing this to the audit committee. Mr. Lee was overconfident more than willing to answer Nicks some questions backed by evidence, however at some post was startled by Nicks question and noesis of conservatism by stating youre saying you think we oasist been reporting complete? By the end of the dialogue Mr. Lees military position seemed tensed but polite by...If you want to get a full essay, erect it on our website: OrderCustomPaper.com

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