Essay on Smakey Dog Foods, Inc

Auditors also evaluate the client’s recording of transactions by verifying the monetary amounts of transactions, a process called substantive tests of transactions. For example, the auditor might compare the unit selling price on a duplicate sales invoice with the approved price list as a test of the accuracy objective for sales transactions. Like the test of control in the preceding paragraph, this test satisfies the accuracy transaction-related audit objective for sales. For the sake of efficiency, auditors often perform tests of controls and substantive tests of transactions at the same time.

The Smackey Dog Food, Inc. is a family owned business. It was started by three sisters, Sarah, Kim and Jillian, in the kitchen of their home. They lived in a suburban area of Chicago, Illinois. Their business is making all natural dog food. After using their own dogs and the neighbor’s dogs as test subjects, it was discovered by local vets, pet stores and grocery stores. These local places began to distribute the dog food. The demand for their food began to increase and they moved their business to a larger facility and hired additional workers. As compared to competitors, Smackey Dog Food, Inc., began to rise

Smackey Dog Foods, Inc. is a privately held corporation and not required to follow guidelines set forth by the American Institute of Certified Public Accountants. Keller CPA’s follow American Institute of Certified Public Accountants (AICPA) guidelines for private or public companies. Generally Accepted Auditing Standards (GAAS) governs audits for privately held companies.

Dogs are sometimes more similar to humans than generally thought, especially when it comes to eating and the types of foods that they consume. People suffer from all different types of food allergies and can’t eat certain things, even grain-based products. Some dogs experience the same problems and thus require special grain free dog food in order to remain healthy and not get sick.

Dogs sometimes need a food with high fiber content, usually due to the fact that they are suffering from intestinal issues or problems in their digestive tract. While it's true all kinds and brands of dog food contain fiber, it is the varying sources and the amounts that are the most important factors that distinguish a high fiber dog food from an "ordinary" type. You will find that regular, commercial dog foods contain about two to four percent of crude fiber while high fiber brands contain at least 10 percent.

You’re standing in the pet store, buying your four-legged friend some food. The front of the bag says it’s all natural, but you don’t read the ingredients. Little do you know, that food could be harming your dog. Did you realize dog food companies put harmful chemicals into their product.

The increase in EPS by 75.71% (computed as: {[.14-.034] / .14} x 100%) for FY2013 resulted in the decrease of price per earning (P/E) ratio in FY2014 by 77.34% (computed as: {[41.18-9.33] / 41.18}. The decrease was substantial. Yet, the financial performance in 2014 is certainly a recovery period for the business, especially in considering the 253% growth in EPS (calculated as: {[.12-.034] / .034} x 100%). This meant that the value of investment of Patties had become more attractive to investors. The share prices of Patties that are traded in the market are reasonably lower than the price per earning ratio because

Do you diligently look for the best puppy food for your little guy or do you just feed him scraps from your dinner? It’s not bad to feed your dog human food in fact; dogs that eat human food (for as long as these are not leftovers) are found to be healthy and are living active lives. However, the nutrition that they get from the food you give them may not be the best for them especially when you are taking care of a new born or a puppy.

our dog is your best friend so you need to make sure that your little pal is taken care of. That means that you want to ensure that they are getting the best dog food that you can get for them.

Knowledge of the client, its business and the environment it operates in is essential to audit quality. Without these, audit quality would decrease. It is clearly in the public’s interest to keep the most qualified partner on the job.

Include other businesses that may have had similar issues from your research as well as studies showing how the problem was or was not resolved.

.07 Inquiry of the predecessor auditor is a necessary procedure because the predecessor auditor may be able to provide information that will assist the successor auditor in determining whether to accept the engagement. The successor auditor should bear in mind that, among other things, the predecessor auditor and the client may have disagreed about accounting principles, auditing procedures, or similarly significant matters. .08 The successor auditor should request permission from the prospective client to make an inquiry of the predecessor auditor prior to final acceptance of the engagement. Except as permitted by the Rules of the Code of Professional Conduct, an auditor is precluded from disclosing confidential information obtained in the course of an engagement unless the client specifically consents. Thus, the successor auditor should ask the prospective client to authorize the predecessor auditor to respond fully to the successor auditor 's inquiries. If a prospective client refuses to permit the predecessor auditor to respond or limits the response, the successor auditor should inquire as to the reasons and consider the implications of that refusal in deciding whether to accept the engagement. .09 The successor auditor should make specific

perception that the management is the key decision maker and attempt to meet and fit to the management needs and try to get ahead on the courtship phase (p.878). Fiolleau et al. indicated that the incumbent auditor on this study perceived that the management’s decision to switch audit firm has been done and the motivation of the issuance of RFP possibly because of the incumbent auditor’s has more local long term relationship with the board and the audit committee than the management (p.878). Fiolleau et al. observed that auditors going in for client acquisition as a business activity, instead of an expert service one and that auditor is determined to winning the client and has the perseverance to get the business now and any concern is for later (p.886).

Kellogg's is the world's biggest maker of grain products and fast food, including Corn Flakes, Nutrigrain and Rice Krispies. These are brands that are perceived everywhere throughout the world.

Medical Equipment assigned a new inexperienced sales manager to a very important region with possibility of a huge sale. Medical Equipment did not spend enough time in preparing for this sale. The company should have been more