See the "Parker-Halsey Corporation" case for this question.

What type of professional service engagement was the assignment completed by the team of auditors led by Katelyn Light? Defend your answer. Which professional standards are applicable to such engagements?

Compare the overall goals of the two teams of auditors in this case. In what ways were those goals similar? How did they differ?

Under what circumstances, if any, can an audit firm rely on the audit procedures performed by another audit firm?

Identify the weaknesses in PHC's inventory-taking procedures. What implications did those weaknesses have for the two teams of auditors?

Do you believe that it was appropriate for Juan Suarez to insist that Dani Morgan and Tyler Christian not be informed of the complete nature of their PHC assignment? Why or why not?

Assess the conduct of Katelyn Light, Dani Morgan, and Tyler Christian. Do you believe they behaved "professionally" during the PHC assignment? Defend your answer. Did any other accountants or auditors in this case behave less than professionally? Explain.

Common problems that can arise among groups. explain in four or five sentences what can cause the specific or general problem. in addition, explain what impact that conflict can have on group cohesion as well as productivity.

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million