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.
I. In a concise memo, evaluate the internal controls of RNS.
A. Describe the major financial business transactions of the company. Include appropriate research to support your answer.
B. Evaluate the highest business risks associated with this company. What makes you believe these specifically are the highest risks? Provide appropriate research or data to support your reasoning.
C. What would you suggest are the appropriate types of internal controls for this industry? Why?
D. Describe ethical issues involved with this company and industry that would have a direct effect on the outcome of a financial audit. How could these issues be addressed?
E. Analyze current events for their impact on this company’s risk and internal control in the future. Include documentation of these current events.
On February 3, Clairemont Repair Service extended an offer of $360,000 for land that had been priced for sale at $400,000. On February 28, Clairemont Repair Service accep...Mar 28 2020
Question 22 Not yet answered Enzo 2n +31 5n+1 = 5 6 Marked out of 1.00 Select one: O True O False Flag questionApr 25 2021
Percentages in Negotiations When the author was negotiating a contract for the faculty and administration at a college, a dean presented the argument that if faculty re...May 18 2021
Accumulated Depreciation 1) Why does it appear in Assets on Balance Sheet? 2) Is it an expense and how does it affect the accounting equation 3) Does it appear only on...Sep 03 2020
Potassium chromate is an important compound of chromium. It is composed of . What is the formula of the compound?Jun 14 2021
Prepare a balance sheet in good form using the information given below. Make sure to identify current assets, net fixed assets, total assets, current liabilities, long-te...May 15 2021
In your initial post, reflect on a current event in finance news or an event that has personally impacted you or your work recently that can be related back to the course...May 14 2021
Nelson Ltd sells machine to Dessin Ltd. On August 1, 2015 for40,000 USD and agrees repurchase it on July 30, 2016 for the priceof 42,400 USD (the imputed interest rate is...May 28 2021
Following are several figures reported for Preston and Sanchez as of December 31, 2013: ________________________________________Preston ______________Sanchez Inventory . ...Jul 09 2020
Describe strategies used by rehabilitation professionals to reduce the risk of developing secondary musculoskeletal impairments in persons with hypertonicity.Nov 27 2019