Mike Stephan is a first-year staff auditor at Willis and Adams. Mike recently graduated with his undergraduate degree in accounting and was excited about his new job at Willis and Adams. Mike came from a smaller school that typically does not get a lot of attention from campus recruiters. Mike was pleased to get an interview and then an offer from Willis and Adams. From the beginning, Mike was impressed with the firm’s culture and he felt that it would be a great fit for him professionally. Throughout his junior year, he worked hard to reach out to the firm’s recruiters to demonstrate a sincere interest in the firm. In the end, Mike was one of only two students that Willis and Adams hired from his school. Mike believed that his school’s …show more content…
After Mike explained the situation, Alex was silent for a long time and then finally said:
“Look, we are just going to have to eat that lost time. I just got done speaking with Dianne and she is adamant about finishing this audit under budget. Dianne is up for promotion to senior manager and I’m sure she doesn’t want an over-budget audit right before the partners meet to decide her promotion. Don’t worry about it, Mike. Stuff happens and it was partly the client’s fault anyway. Just take as long as you need to finish the planned procedures and then put down six hours on the work schedule.”
From what Alex said, it seemed that Dianne Morris, the manager on this audit, was the one who was applying the pressure on Alex to keep the audit under budget. But eating time just didn’t feel right. Mike hesitated and then said, “I don’t know Alex. Don’t you think we’d better just mark down the actual hours?”
Alex sighed deeply and said:
“Mike I know you are new, but this stuff happens all the time. Think of it as spending a couple extra hours on personal development. In recent planning meetings, the partners have really been stressing the importance of not letting jobs get out of control. An over-budget audit won’t look good for any of us right before performance evaluations. Look Mike, I promise eating time is no big deal—people do it all the time. You want a good performance eval, don’t you? Let’s just dig in and
Not only is the Food and Nutrition Department losing money from wasting food, it is also losing money from using menus only one time and then throwing them away. Each menu costs 75 cents and that money adds up pretty quickly. For example, if the hospital were to obtain 30 new patients a day, that adds up to $22.50 per day. That amount of money doesn’t seem like too much for a days’ expenses, but after a month’s time that adds up to $697.50. So, approximately, the hospital would be spending around $8,212.50 per year on menus. That money could easily be utilized for a different issue or concern within the department.
Chapter five marks the beginning of Jack’s career at The Firm. It is on this day that he is introduced to the “Bearisms.” Bearisms were a list of unwritten rules and sayings The Bear, Quentin Barnes, had compiled over his years with The Firm. Two weeks later, Jack was headed to a national training center for The Firm. Upon returning from his training trip, Jack sets out on his first audit engagement to the Bakersfield Cement Plant. On his first engagement, Jack discovers two problems. First, he finds out that a clerk had “borrowed” money out of the petty cash box, and that the money is missing. Second, he discovers that another employee has been adjusting inventory numbers. This first audit experience serves as a great learning experience for students because it gives them an idea of what could happen on your first audit. Jack showed that although it was his first audit, he was going to make sure he did the right thing to address both issues. To conclude the chapter, Jack states that he left Bakersfield feeling that he “had not only learned a lot, but had done a good job as well.” This story helps the student to understand the full process of an audit and know what to do if problems are discovered. The chapter as a whole displays to the student how a new hire goes through the training process and then begins on their first audit. This allows the student to form an idea of what to expect when they begin their careers at their respective firms.
Brent has the option of “eating time” as Han has suggested. This means working off the clock but he will be able to finish under budget and look good at the firm. However, this will have an adverse effect for future budgets making it seem like the audit can be completed in less time than is even possible. Also, it fails to show the accurate cost of completing the audit. Brent also has the option of lowering the number of payables tested. If he decided to do this, Brent would be able to complete his work in less time, possible under budget and allow him to spend the rest of the time with his wife. However,
Alex then tries to combat that and say that there was no form of communication between the two of them about
You have recently been hired as the HR manager responsible for two separate Ontario locations belonging to Wilson Brothers Limited. You have been asked by the HR Director at the head office in Brandon, Manitoba, to quickly provide a report on any initial HR issues related to Recruitment and Selection, Compensation and Benefits, Health and Safety, Training and Development and Labour and Employee Relations that are affecting or will affect the Cambridge operation and the new plant in Scarborough. The HR Director has made it very clear that Wilson Brothers would like both the Cambridge location and the new plant in Scarborough to remain union-free and are willing to offer very competitive wages and benefits
"Kay kiddos, were just gonna get some statements from you about alex and then you can go home." She said
Dr. Rusty Brunson is the Assistant Superintendent of Finance who is responsible it is to oversee the district’s audit process. This interview took place on Friday, July27th at the district office; after a meeting regarding the district budget. During this past audit, Dr. Brunson’s job was to provide the auditors of Mcgregor and Company with all the necessary paperwork, financial statements, bookkeeping personnel, grant figures, and develop the district respond to the audit finding. Dr. Brunson noted, that the auditors were in the district for 10 days over one month, and appraised the accounts and records of 10 schools within the district. Moreover, the auditors revisited the district for approximately 3 days to provide a through finding. Additionally,
Alex nodded to her and dropped his gaze to the water. He closed his eyes as if gathering his thoughts. After a moment he raised his eyes, focusing on the far wall near the ceiling. When he spoke, his voice was low and soft, unlike his normal commanding demeanor.
There are critical success factors and outcomes that come with being a chef’s assistant at Three Square Food Bank. The measurement of how many meals you produce throughout the day should be high, resulting in a positive outcome. If the measurement of waste that is discarded throughout the day is low, typically, this would mean a negative outcome during certain circumstances. In order to keep up with the success factors, employees must be able to follow our company 's objectives. This includes understanding all policies and safety procedures, improving constantly finding ways to improve customer service skills, understand the need for efficiency and product quality, and following dress codes appropriately. All employees will perform their job but all in a different way, and we at Three Square Food Bank understand that. Therefore, performance standards are based on the performance of the job not the specific person performing the action. These standards required for being a chef assistant is very much achievable and have been understood and agreed upon by the employee prior to accepting the position. These standards, however, are
Alex was not aware that the ex had an intimate relationship with both men in the 2 year relationship, until the ex called him yesterday about the news.
I have to admit, my inspiration for this chapter came about in a strange way. My friend was in a bind and being the wonderful guy that I am, i agreed to give him a hand at his nutrition store. It was a slow evening and the boredom was driving me crazy. I swear, it seemed like the clock was going backwards. I was just sitting there, peering into the halls of the deserted shopping mall when finally, in walked a customer. She was a rather large lady and ironically, she was munching on a bag of chips. Eating a bag of chips in a nutrition store, really?
Recruiting employees straight from college is a key component of talent acquisition for Alliance Data. The recruiters take advantage of having former college students as employee brand champions, and will frequently send them back to their old campuses to talk to prospective employees and participate in the interview process. This especially holds true for on-boarding new hires. During their ICE (Initial Career Experience) program, students from Miami University, Ohio State, and Ohio University will get the chance to talk to students in hopes of finding adequate talent for the next intern or new hire class. Briefly touched on during the conversations with the contacts we're hiring candidates who were ready for a change in careers. This did
Porsche is a company that prides itself in quality and customer satisfaction. Because of this customers are always considered to be first priority for the company. The only issue with this business method is that the shareholders do not feel valued. Porsche operates more like a family-owned firm instead of focusing mainly on shareholder value. While operating like a family-owned firm may be admired by some, it also has a downside. The company has been somewhat infamous for occasional stubbornness when it comes to disclosure and compliance with reporting requirements. Following these guidelines is a very important when trading publicly not only because it is a requirement, but also to establish trust with investors.
When Alex’s mom, Mrs. Chen, came home, she looked at us curiously and asked, “what happened?”
1. Assume you are Joan Beal. Prepare a list of all the options, and give the advantages and disadvantages of each.