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Organizational Structures: Functional, Service Line, Matrix, & Flat

To analyze the four types of Organizational Structures.

Content Requirements:

  1. Identify and describe each type of organizational structure (functional, service line, matrix and flat)
  2. Create an organizational chart for each organizational structure discussed above and describe which one applies to the clinical site or your work environment.
  3. Develop simple mission statements that could be supported by each type of structure and present a rationale for their selection of the type of structure

 3 – 4 pages in length, excluding the title, abstract and references page.,  reviewed for plagiarism with Turnitin, APA, source within 5 years 

    543c3

      

    Clement-Okooboh, M. (2012). Recording our professional development just became easier: Using a learning management system. Proceedings of the European conference on Information Management & Evaluation, pp.431-434.

    Kruger, D.; Inman, S.; Ding, Z.; Kang, Y.; Kuna, P.; Liu, Y.; Lu, X.; Oro, S.; Wang, Y. Improving Teacher Effectiveness: Designing Better Assessment Tools in Learning Management Systems. Future Internet, 7, 484-499.

    Kwan, A. (2012). From cherry picking to convergence: Migrating e-learning delivery to an LMS (learning management system) – the COLeLIO experience. International Journal of Advanced Corporate Learning, 5(3), pp. 58-63.

    Porter, G. W. (2013). Free choice of learning management systems. Interactive Technology and Smart Education, 10(2), 84-94.

    Web Sites:

    Blackboard, http://www.blackboard.com/

    Moodle, http://moodle.com/

     

    • Read the Clement-Okooboh (2012) and Kwan (2012) articles and summarize and explain how an LMS can be used to support educational processes. Both articles provide good background in this area. (Kwan (2012) uses the Commonwealth of Learning e-Learning for International Organizations (COLeLIO) as an illustrative example of using a LMS.)
    • Go to Blackboard (http://www.blackboard.com/) and Moodle (http://moodle.com/) websites. Explore and examine the sites and determine the capabilities of the LMS product that they offer. Each site offers an LMS solution for a variety of audiences and markets (K-12, Higher Educations, Corporate etc.). You will have to be able to compare and contrast the LMSs from both companies.
    • Put yourself in the role of an educator who has to recommend the purchase of an LMS for your organization. You have narrowed your choices to the final two vendors – Blackboard and Moodle. You must prepare an executive briefing to the top administrators of your school or organization. You must recommend the selection of one of the two LMSs offered by Blackboard or Moodle.
    • Include a matrix (table) in your  that shows a comparison of the two LMS products. You may determine which criteria you wish for the comparison. This matrix should appear as either a table or an appendix.
    • In your executive briefing you must:
      • Explain how to manage educational processes within a technology-based environment.
      • Compare and contrast the features and functions of various Learning Management Systems (LMS).
      • Describe how the selected LMS is appropriate for your intended audience.

      590d3

       

      Websites

      Masandu, N. (2016 July 13) How to Write Actionable Policy Recommendations. Retrieved from http://www.researchtoaction.org/2013/07/how-to-write-actionable-policy-recommendations/

      Conclusions and Recommendations. Retrieved from https://www.papermasters.com/conclusions_recommendations.html

      Textbooks

      Chapter 5: Smart Sentencing (p. 48 – 62) in:
      Sword, H. (2012). Stylish Academic Writing. Cambridge: Harvard University Press.

      Part 3: Developing Arguments in Your Writing (p. 203 – 249) in:
      Fairbairn, G., & Winch, C. (2011). Reading, Writing, and Reasoning: A Guide for Students. Maidenhead, England: McGraw-Hill Education.

       In your Session Long Project, you completed a literature review about a relevant and timely issue in the field of education. Often, research is used as the foundation to improve practice or inform educational reform efforts. Provide a short description of the issue under study in your Session Long Project. Then, offer a brief discussion of how your research might inform your professional practice or an educational policy reform. 

        590-s3

        SLP 3 – Data Collection and Analysis

        • Evaluate school improvement through assessment and data analysis based on relevant data or research.
        • Identify appropriate educational technology resources to support student learning and staff professional development.

         

        In this assignment, based on your research of the problem of practice and further review of the literature related to this problem, you will need to:

        • Discuss three-five strategies that could be used to address this problem of practice in a real or hypothetical setting. At least one strategy needs to include the use of technology to support addressing the problem of practice.
        • Outline steps for practical implementation, expected outcomes, and potential barriers. Predict the potential outcome of implementing these strategies on student learning outcomes, teacher practices, and overall school climate. 
        • Provide evidence from supporting research to support these predictions.
        • Describe data collection methods and key analysis procedures for determining key performance indicators. You will describe how the data collected can be analyzed and reported to the stakeholders. 
        • Consider both qualitative and quantitative methods for collecting data. If you are using a mixed methods approach, be sure to explain how both types of data could support measuring the effectiveness of the identified strategies. 

         Explain the strategy in detail, define the implementation steps, describe what data collection tools or processes could be used, and identify which data analysis techniques might be used to measure the effectiveness of the desired outcomes. 

          

        Websites

        Masandu, N. (2016 July 13) How to Write Actionable Policy Recommendations. Retrieved from http://www.researchtoaction.org/2013/07/how-to-write-actionable-policy-recommendations/

        Conclusions and Recommendations. Retrieved from https://www.papermasters.com/conclusions_recommendations.html

        Textbooks

        Chapter 5: Smart Sentencing (p. 48 – 62) in:
        Sword, H. (2012). Stylish Academic Writing. Cambridge: Harvard University Press.

        Part 3: Developing Arguments in Your Writing (p. 203 – 249) in:
        Fairbairn, G., & Winch, C. (2011). Reading, Writing, and Reasoning: A Guide for Students. Maidenhead, England: McGraw-Hill Education.

          Case 3: Materiality and Liabilities Testing – Gabriela Aguiar LLC Audit Case (Due in 24h)

           

          Title: Materiality and Liabilities Testing – Gabriela Aguiar LLC Audit Case

          In this mini-case, you will audit and evaluate documents, such as debt confirmations, vendor invoices, etc., in the audit of all of Gabriela Aguiar LLC's liability accounts. To expedite the audit process, your audit teammate has already picked up the PBC schedules and scanned and labeled them in the binder for you.

          Case Background

          FGCU-Accounting CPA firm has been engaged to audit Gabriela Aguiar LLC, a company based in the Fort Myers area. The audit team is led by partner Isabella Dewitt, with Ben Goldman as the audit manager. You are a senior auditor assigned to the liabilities testing portion of the audit.

          Company Information:

          Gabriela Aguiar LLC CEO: Gabriela Aguiar

          Board of Directors: Kevin Arce, Elie Bassil, John Blasi, Connor Cizek, Stephanie Clemente, Colby Collins, Chestina Conduah

          Company Background

          Gabriela Aguiar LLC is a publicly traded company based in Fort Myers, Florida, specializing in luxury yacht manufacturing and leasing. Founded in 2010 by Gabriela Aguiar, the Company has grown rapidly to become a significant player in the high-end marine industry.

          Key Business Details:

          • Primary Business: Manufacturing and leasing luxury yachts
          • Secondary Revenue Streams: Yacht maintenance services and marine equipment sales
          • Market Position: Mid-sized Company with a strong presence in the southeastern S
          • Recent Development: Expanding operations to the Caribbean market
          • Public Trading: Listed on NASDAQ under the ticker symbol GAYL

          Company History and Current Situation

          Gabriela Aguiar, a former naval architect, founded the Company with a vision to create customizable, eco-friendly luxury yachts. The Company's innovative designs and commitment to sustainability quickly gained attention in the industry. In 2018, Gabriela Aguiar LLC went public to fund its expansion plans. The Company has since opened a new manufacturing facility in Fort Myers and established a leasing office in Miami.

          Recent challenges include:

          1. Supply chain disruptions affecting the timely delivery of specialized materials
          2. Increased competition in the luxury yacht market
          3. Regulatory changes related to environmental standards in yacht manufacturing Financial Snapshot:
            • Annual Revenue: Approximately $150 million
            • Total Assets: Around $300 million
            • Significant Liabilities: Long-term debt for manufacturing facilities, accounts payable to suppliers, lease liabilities for Miami office

          Office Meeting with Your Audit Manager

          Ben Goldman: Good morning, team. I hope you're all doing well. How's the progress on last month's assignment?

          Team Leader: Good morning, Ben. We've just concluded the assignment, and we're working on submitting the initial report for your review by the end of the working day today.

          Ben Goldman: Excellent; I'll be looking forward to receiving that report. Now, let's discuss your next assignment: the Gabriela Aguiar LLC Audit, specifically the liabilities testing. Given the company's recent expansion and the importance of this audit, we need to pay extra attention to this area.

          Team Leader: Understood. What specific areas should we focus on?

          Ben Goldman: I'm glad you asked. I've done a quick scan of the trial balance, and I have some concerns about accounts payable. I need you to investigate a couple of things there.

          Team Leader: What should we be looking for in accounts payable?

          Ben Goldman: First, look for any AP that should have been written off according to the company's accrual policy. Second, search for unrecorded accounts payable. I have a hunch there might be some liabilities that haven't been reflected in the company's books yet.

          Team Leader: Got it. We'll thoroughly review the AP. Anything else we should be aware of? Ben Goldman: Yes, there's an issue with legal fees. I just heard from Gabriela Aguiar, LLC's attorney. They're preparing the legal confirmation for us, but they mentioned $2.8 million in legal fees related to hurricane damage litigation that haven't been billed yet for 2025 work.

          Team Leader: That's a significant amount. How should we approach this?

          Ben Goldman: We need an interim report on this to ensure we're comfortable that liabilities are complete based on your search for unrecorded liabilities.

          Team Leader: Understood. We'll look into that and include it in our report. Any other areas of concern?

          Ben Goldman: Yes, there are some developments with notes payable and their line of credit. I spoke with the controller about the new debt. They took out a new loan of $15 million and rolled the $12 million from the line of credit into it, effective January 2, 2025. There's something about this in the Board of Directors' minutes, so make sure to review those.

          Team Leader: We'll definitely review the minutes and follow up on that new debt arrangement.

          Ben Goldman: Also, they started a new line of credit for $44 million on January 7, 2025.

          Team Leader: That's a substantial new line of credit. We'll look into the details as well.

          Ben Goldman: Good. Now, regarding leases, the controller assured me they don't have any capital leases. I've looked over the assets, and I'm inclined to agree. You don't need to spend too much time looking for these, but keep an eye out, just in case.

          Team Leader: Noted. We'll do a quick check on leases but focus more on the other areas you've mentioned.

          Ben Goldman: That's right. Oh, and one more thing: payroll-related liabilities are being tested with payroll, so you don't need to worry about them while you are testing.

          Team Leader: Understood. Is there anything specific you'd like to see in our deliverables? Ben Goldman: Yes, I'd like you to prepare a comprehensive audit plan for liabilities, including your materiality calculations and planned procedures. I also want to see a liabilities lead

          schedule, an AP aging schedule, and your initial findings on the potential issues I've mentioned.

          Team Leader: We'll make sure to include all of those in our work.

          Ben Goldman: Great. Once you've completed your testing, draft an interim report summarizing your findings, mainly focusing on any material issues or discrepancies you uncover.

          Team Leader: Will do. We'll keep you updated on our progress and let you know if we encounter any significant issues.

          Ben Goldman: Perfect. Do you have any questions or need any additional information to proceed?

          Team Leader: I think we have a clear direction for now. We'll reach out if we need any clarification as we dig into the work.

          Ben Goldman: Sounds good. I'm looking forward to seeing your results. Good luck with the audit, team.

          Current Audit Context

          This is the third year the FGCU-Accounting CPA firm has been engaged to audit Gabriela Aguiar LLC. The previous two audits resulted in unqualified opinions, but some control deficiencies in the accounts payable system were noted.

          The current audit is particularly crucial as the Company is:

          1. Seeking additional financing for its Caribbean expansion
          2. Facing increased scrutiny from environmental regulators
          3. Dealing with a recent change in the CFO position Specific Areas of Concern for Liabilities Testing:
          4. Completeness and accuracy of accounts payable, given the previous control deficiencies
          5. Proper classification and disclosure of long-term debt covenants
          6. Accurate recording of lease liabilities, especially with the new Miami office
          7. Potential unrecorded liabilities related to environmental compliance
          8. The appropriate cut-off for liabilities pertaining to yacht manufacturing in progress

          Instructions:

          • Read all memos from your manager and the client, then read the steps in the audit program for liabilities found on Work Paper F-0 (Excel Sheet labeled F-0 Liabilities Program) and familiarize yourself with work papers. Complete all the steps on the audit program. Be sure to document your work using the designated tick marks. The tick mark legend is located at the bottom of each work paper. When you are finished with each workpaper, enter your initials in the box in the top right.

          Case Tasks:

          1. Ethical Considerations: Consider the ethical implications of setting materiality levels and how it affects the audit process. Consider the AICPA Code of Professional Conduct and its relevance to this
          2. Legal Exposure: Consider the potential legal risks auditors face when testing liabilities, especially if material misstatements are not
          3. Risk Assessment: Consider the risks of material misstatement in the acquisition and expenditure cycle, focusing on
          4. Materiality Calculation: Using the provided trial balance, calculate the overall materiality level for the audit. Explain your reasoning and
          5. Liabilities Lead Schedule: Create a liabilities lead schedule based on the trial balance information.
          6. Audit Procedures: Perform all audit procedures in the audit program (F-0) for testing liabilities. Evaluate the findings of these tests and propose adjusting entries as appropriate
          7. Conclusion and Communication: Draft an email to the audit manager, Ben Goldman, summarizing your conclusion on liabilities testing. Include:
          • Key findings
          • Any identified misstatements or areas of concern
          • Recommendation for further action (if necessary)
          • Impact on the overall audit opinion

          Additional Considerations:

          • Focus on external liabilities in your analysis and testing
          • Consider the specific risks that might be present in the Fort Myers area or for a company of this size and
          • Address how the composition of the Board of Directors might influence your audit approach or risk

          F-2 Debt Confirmations

          Confirmation documents were received from Confirmation.com, a bank confirmation clearinghouse. Received on 01/22; additionally received confirmations for cash, documented in the audit for cash.

          Attached Files 

          Mini Case-Student.pdf

          Trial Balance -Workpaper Template.xlsx

          Debt Confirmation-Letter_Final.pdf

          D4-Bank Account Statement.pdf

          Board-Meeting minutes.pdf

          Gabriela Aguiar LLC Board of Directors Meeting Minutes

          June 15, 2024 (M-id-Year Meeting)

          Present: Gabriela Aguiar (CEO), Kevin Arce, Elie Bassil, John Blasi, Connor Cizek, Stephanie

          Clemente, Colby Collins, Chestina Conduah

          1. Call to Order The meeting was called to order at 10:00 AM by Gabriela Aguiar, CEO.

          2. Approval of Previous Minutes The minutes of the previous meeting were approved

          unanimously.

          3. Financial Update a. CFO presented Q2 financial results, noting a 15% increase in revenue

          compared to the same period last year. b. Discussion of the ongoing impact of last year's

          hurricane on operations and sales.

          o Sales in the affected region are down by 20% but showing signs of recovery.

          o The insurance claim process is ongoing, with the potential for litigation discussed.

          4. Legal Update a. General Counsel provided an update on the insurance claim dispute.

          o The insurance company has denied full coverage, citing policy limitations.

          o The Board authorized the pursuit of legal action if necessary. b. Discussion of

          potential legal fees:

          o Estimated $2-3 million in legal fees if litigation proceeds.

          o The Board approved a budget of up to $3.5 million for legal expenses related to

          this matter.

          5. Expansion Plans a. Proposal to expand production capacity in response to increasing

          demand. b. The Board approved exploring options for additional manufacturing space.

          6. Other Business: None.

          7. Adjournment The meeting was adjourned at 12:30 PM.

          Gabriela Aguiar LLC Board of Directors Meeting Minutes

          December 20, 2024 (Year-End Meeting)

          Present: Gabriela Aguiar (CEO), Kevin Arce, Elie Bassil, John Blasi, Connor Cizek, Stephanie

          Clemente, Colby Collins, Chestina Conduah

          1. Call to Order The meeting was called to order at 9:30 AM by Gabriela Aguiar, CEO.

          2. Approval of Previous Minutes The minutes of the previous meeting were approved

          unanimously.

          3. Financial Review a. CFO presented preliminary year-end financial results.

          o Annual revenue is projected to be up 10% despite the hurricane's impact.

          o Profit margins are slightly down due to increased costs and legal expenses.

          o Discussion of 2025 budget and financial projections.

          4. Hurricane Impact and Insurance Litigation Update a. General Counsel provided an update

          on the insurance litigation.

          o A case was filed against the insurance company for breach of contract.

          o Legal fees to date: $2.8 million, expected to increase in 2025. b. The Board

          discussed the impact on cash flow and authorized a new line of credit.

          o The Approved new line of credit for $44 million, effective January 7, 2025.

          5. Debt Restructuring a. CFO presented a plan to consolidate existing debt.

          o Proposal to take out a new loan of $15 million and roll the existing $12 million

          line of credit into it.

          o The Board approved the plan to be effective January 2, 2025.

          6. Executive Compensation and Bonuses: Compensation Committee presented

          recommendations for executive bonuses. The Board approved the following bonuses for

          themselves:

          o CEO (Gabriela Aguiar): $500,000

          o Other Board Members: $150,000 each

          o Discussion on linking future bonuses more closely to company performance and

          resolution of the insurance litigation.

          7. 2025 Strategic Planning

          o a. Discussion of expansion plans and potential new product lines.

          o b. The Board approved the budget for R&D in eco-friendly yacht technologies.

          8. Other Business a. Brief discussion on potential capital leases for new equipment.

          o The decision was made to continue with the current policy of not using capital

          leases.

          9. Adjournment The meeting was adjourned at 1:00 PM.

          ,

          A1- Trial Balance-Audited

          Gabriela Aguiar LLC DACPA
          Audited Trial Balance as of December 31, 2024 A-1
          (All figures in thousands of USD)
          Account ID Account Description Debit (USD 000s) Credit (USD 000s) Single Column format
          10500 Cash on Hand 375 – 0 375
          10600 Regular Checking Account 21,000 – 0 21,000
          10700 Payroll Checking Account 1,125 – 0 1,125
          10800 Savings Account 750 – 0 750
          10900 Accounts Receivable 21,000 – 0 21,000
          11000 Allowance for Doubtful Accounts – 0 1,050 (1,050)
          11100 Inventory – Spotlight 33,750 – 0 33,750
          11200 Reserve for Inventory Obsolescence – 0 1,500 (1,500)
          11300 Prepaid Insurance 900 – 0 900
          11400 Prepaid Rent 600 – 0 600
          11500 Office Supplies 375 – 0 375
          11600 Notes Receivable-Current 1,500 – 0 1,500
          11700 Other Current Assets 375 – 0 375
          15000 Land 15,000 – 0 15,000
          15200 Buildings and Land Improvements 60,000 – 0 60,000
          15400 Machinery, Equipment, Office Furniture 60,000 – 0 60,000
          15600 Accumulated Depreciation – 0 33,750 (33,750)
          15800 Investments 7,500 – 0 7,500
          16000 Other Noncurrent Assets 33,075 – 0 33,075
          20000 Deferred Tax Assets (Liabilities) – 0 6,000 (6,000)
          20200 Accounts Payable – 0 19,200 (19,200)
          20400 Sales Tax Payable – 0 600 (600)
          20600 Income Tax Payable – 0 900 (900)
          20800 Wages Payable – 0 1,125 (1,125)
          21000 FICA Employee Withholding – 0 188 (188)
          21200 Medicare Withholding – 0 45 (45)
          21400 Federal Payroll Taxes Payable – 0 225 (225)
          21600 FUTA Tax Payable – 0 15 (15)
          21800 State Payroll Taxes Payable – 0 75 (75)
          22000 SUTA Tax Payable – 0 23 (23)
          22200 FICA Employer Withholding – 0 188 (188)
          22400 Medicare Employer Withholding – 0 45 (45)
          22600 Dividend Payable – 0 375 (375)
          22800 Interest Payable – 0 473 (473)
          23000 Line of Credit – 0 12,000 (12,000)
          23200 Current Portion Long-Term Debt – 0 3,750 (3,750)
          23400 Other Current Liabilities – 0 750 (750)
          25000 Notes Payable-Noncurrent – 0 84,000 (84,000)
          26000 Common Stock – 0 37,500 (37,500)
          27000 Paid-in Capital – 0 7,500 (7,500)
          28000 Retained Earnings – 0 28,500 (28,500)
          40000 Sales – 0 187,500 (187,500)
          40500 Sales Returns 1,500 – 0 1,500
          41000 Warranty Expense 1,125 – 0 1,125
          41500 Income from Investments – 0 600 (600)
          42000 Interest Income – 0 150 (150)
          45000 Cost of Goods Sold 112,500 – 0 112,500
          50000 Freight 2,250 – 0 2,250
          50500 Advertising Expense 3,750 – 0 3,750
          51000 Auto Expenses 375 – 0 375
          51500 Research and Development 6,000 – 0 6,000
          52000 Depreciation Expense 5,250 – 0 5,250
          52500 Warehouse Salaries 4,500 – 0 4,500
          53000 Property Tax Expense 900 – 0 900
          53500 Legal and Professional Expense 4,575 – 0 4,575
          54000 Bad Debt Expense 750 – 0 750
          54500 Insurance Expense 1,500 – 0 1,500
          55000 Maintenance Expense 1,125 – 0 1,125
          55500 Utilities 1,350 – 0 1,350
          56000 Phone 300 – 0 300
          56500 Postal 75 – 0 75
          57000 Miscellaneous Office Expense 375 – 0 375
          60000 Payroll Tax Expense 1,500 – 0 1,500
          60500 Pension/Profit-Sharing Plan Expense 1,125 – 0 1,125
          61000 Rent or Lease Expense 2,250 – 0 2,250
          61500 Administrative Wages Expense 9,000 – 0 9,000
          62000 Interest Expense 3,750 – 0 3,750
          70000 Income Tax Expense – Federal 3,750 – 0 3,750
          70500 Income Tax Expense – State 750 – 0 750
          80000 Loss on Legal Settlement 375 – 0 375
          Totals 428,025 428,025 – 0

          A-2 PBC 2025 Trial Balance

          Gabriela Aguiar LLC DACPA
          Trial Balance as of December 31, 2025 A-2
          (All figures in thousands of USD)
          Account ID Account Description Debit (USD 000s) Credit (USD 000s) Single Column format
          10500 Cash on Hand 500 500
          10600 Regular Checking Account 12,000 12,000
          10700 Payroll Checking Account 1,500 1,500
          10800 Savings Account 1,000 1,000
          10900 Accounts Receivable 16,000 16,000
          11000 Allowance for Doubtful Accounts 1,400 (1,400)
          11100 Inventory – Spotlight 45,000 45,000
          11200 Reserve for Inventory Obsolescence 2,000 (2,000)
          11300 Prepaid Insurance 1,200 1,200
          11400 Prepaid Rent 800 800
          11500 Office Supplies 500 500
          11600 Notes Receivable-Current 2,000 2,000
          11700 Other Current Assets 500 500
          15000 Land 20,000 20,000
          15200 Buildings and Land Improvements 80,000 80,000
          15400 Machinery, Equipment, Office Furniture 80,000 80,000
          15600 Accumulated Depreciation 45,000 (45,000)
          15800 Investments 10,000 10,000
          16000 Other Noncurrent Assets 32,700 32,700
          20000 Deferred Tax Assets (Liabilities) 8,000 (8,000)
          20200 Accounts Payable 22,000 (22,000)
          20400 Sales Tax Payable 800 (800)
          20600 Income Tax Payable 1,200 (1,200)
          20800 Wages Payable 1,500 (1,500)
          21000 FICA Employee Withholding 250 (250)
          21200 Medicare Withholding 60 (60)
          21400 Federal Payroll Taxes Payable 300 (300)
          21600 FUTA Tax Payable 20 (20)
          21800 State Payroll Taxes Payable 100 (100)
          22000 SUTA Tax Payable 30 (30)
          22200 FICA Employer Withholding 250 (250)
          22400 Medicare Employer Withholding 60 (60)
          22600 Dividend Payable 500 (500)
          22800 Interest Payable 630 (630)
          23200 Current Portion Long-Term Debt 5,000 (5,000)
          23400 Other Current Liabilities 1,000 (1,000)
          25000 Notes Payable-Noncurrent 85,000 (85,000)
          26000 Common Stock 50,000 (50,000)
          27000 Paid-in Capital 10,000 (10,000)
          28000 Retained Earnings 41,600 (41,600)
          40000 Sales 250,000 (250,000)
          40500 Sales Returns 2,000 2,000
          41000 Warranty Expense 1,500 1,500
          41500 Income from Investments 800 (800)
          42000 Interest Income 200 (200)
          45000 Cost of Goods Sold 150,000 150,000
          50000 Freight 3,000 3,000
          50500 Advertising Expense 5,000 5,000
          51000 Auto Expenses 500 500
          51500 Research and Development 8,000 8,000
          52000 Depreciation Expense 7,000 7,000
          52500 Warehouse Salaries 6,000 6,000
          53000 Property Tax Expense 1,200 1,200
          53500 Legal and Professional Expense 2,500 2,500
          54000 Bad Debt Expense 1,000 1,000
          54500 Insurance Expense 2,000 2,000
          55000 Maintenance Expense 1,500 1,500
          55500 Utilities 1,800 1,800
          56000 Phone 400 400
          56500 Postal 100 100
          57000 Miscellaneous Office Expense 500 500
          60000 Payroll Tax Expense 2,000 2,000
          60500 Pension/Profit-Sharing Plan Expense 1,500 1,500
          61000 Rent or Lease Expense 3,000 3,000
          61500 Administrative Wages Expense 12,000 12,000
          62000 Interest Expense 5,000 5,000
          70000 Income Tax Expense – Federal 5,000 5,000
          70500 Income Tax Expense – State 1,000 1,000
          80000 Loss on Legal Settlement 500 500
          Totals 527,700 527,700 – 0

          A-4 MaterialityMemo

          Gabriela Aguiar LLC A-4
          AUDIT MATERIALITY Prepared by
          (Required for all engagements) Reviewed by
          CLIENT: Gabriela Aguiar LLC
          PERIOD ENDED: December 31, 2025
          MATERIALITY CALCULATION
          Only if the current year net income (loss) (or other measure) is significantly different from the entity’s historical results would 2-year averaging to obtain normalized net income (loss) (or other measure) be appropriate.
          PROFIT ORIENTED ENTITIES Current Year Prior Year
          Net income (loss)
          Plus (minus) unusual, non-recurring revenues and expenses, and extraordinary items. – 0 – 0
          ADJUSTED NET INCOME (LOSS) – 0 – 0
          Adjusted net income (loss) multiplied by:
          5.00% – 0 – 0
          Current Year
          TOTAL ASSETS
          Total assets multiplied by:
          1.00% – 0 – 0
          Current Year
          TOTAL REVENUES
          Plus (minus) unusual, non-recurring revenues – 0
          ADJUSTED REVENUES – 0 – 0
          Total adjusted revenues multiplied by:
          1.00% – 0 – 0
          JUSTIFICATION OF PLANNING MATERIALITY
          1. Financial data source (i.e. actual, budget, projection): Year end trial balance, actual data obtained from client.
          2. Basis (i.e. normalized net income, revenue, total assets, other): Adjusted net income
          Justification: USE THIS BOX TO DOCUMENT AND JUSTIFY WHICH BASIS YOU'VE SELECTED
          3. Percentage of financial data source used: Standard 5% used.
          4. Amount selected (planning materiality) – 0
          5. Prior year’s final materiality – 0 Being that GA is a new client and we were not provided with materiality amounts from the predecessor auditor, we assume that planning materiality is 5% of net income from 2024.
          6. Performance materiality/Tolerable misstatement (75% of planning materiality) 0
          7. Listing scope (amount threshold for suggested adjustments) (using 5% to 10% of planning materiality based on expected level of adjustments is usually appropriate)
          5% 0
          Engagement Partner A. Anderson
          Engagement Quality Control Reviewer Ernest Olds

          F-0 Liabilities Program

          Gabriela Aguiar LLC F-0
          AUDIT PLAN—Liabilities
          FYE 12/31/2025
          Materiality for Testing = $ (Listing Scope) Workpaper Reference Related Assertion (s) Performed by Comments
          1 Ensure that the current year's liability amounts on the lead schedule reconcile with the trial balance.
          2 Ensure alignment of prior year amounts with the prior year audited financial statements.
          3 Foot the liabilities lead schedule
          4 Request for Debt Confirmations (standard bank confirmation).
          a Review the bank confirmation for loans and collateral.
          5 Request for Listing of Year-End Accounts Payable
          6 Calculate and reconcile aged accounts payable schedule.
          7 Reconciliation of Accounts Payable Aging Schedule with Lead Sheet and Trial Balance.
          8 Review the aged accounts payable schedule for unusual or related party items.
          9 Examine open vouchers, vendors' invoices, and statements received to search for unrecorded liabilities after the year-end period. Also, review cash payments made during this time for any potential unrecorded liabilities.
          10 Review the terms that justify classifying payables as long-term instead of current.
          11 Inquire of management about any capital lease agreements entered into during the year.
          12 Review agreements/contracts for leases to ensure that they are appropriately classified.
          13 Confirm lease amounts match the lead sheet and trial balance.
          14 Calculate and reconcile the long-term debt amortization table.
          15 Reconcile the long-term debt to the lead sheet and trial balance.
          16 Review long-term debt agreements/contracts for future minimum required debt payments that should be disclosed.
          17 Debt contracts should be reviewed for restrictive debt covenants, which must be disclosed in the footnotes. Presentation and Disclosure PER DW – Still waiting on this.

          F-1 Liabilities Lead Sheet

          Gabriela Aguiar LLC F-1
          Liabilities Lead Schedule Prepared by
          For Year Ended 12/31/2025 Reviewed by
          (Audited)-Balance Unaudited-Balance Adjustments Audited
          Acct # Account Title 12/31/24 12/31/25 AJE# Dr Cr 12/31/25 WP
          Accounts Payable $0.00
          Line of Credit $0.00
          Current Portion Long-Term Debt $0.00
          Other Current Liabilities $0.00
          Notes Payable-Noncurrent $0.00
          $0.00 $0.00 $0.00
          Tickmark Legend
          F – Footed without exception
          M – Amount is considered immaterial, no further work necessary.
          TB – Agrees to Trial Balance without exception
          PY – Agrees to prior year audited financial statements without exception
          NOTES & PROPOSED JEs:

          F-3 AP Aged Schedule

          Gabriela Aguiar LLC F-3
          AP Aging Schedule DACPA
          For Year Ended 12/31/2025
          Current Past Due
          Vendor Outstanding Amt <30 Days 30-60 Days 60-90 Days >90 Days
          Justice & Associates, LLC 4,400,000 2,200,000 1,100,000 1,100,000 – 0
          Yacht Components Inc. 4,800,000 4,800,000 – 0 – 0 – 0
          Marina Systems International 3,800,000 1,650,000 1,025,000 1,025,000 1,025,000
          Gulf Coast Electronics 2,200,000 2,200,000 – 0 – 0 – 0
          Luxury Interiors Co. 1,800,000 550,000 950,000 550,000 – 0
          Nautical Engineering Services 1,735,000 1,400,000 – 0 – 0 – 0
          Caloosa Wellness Center 1,100,000 750,000 – 0 – 0 – 0
          Edison Legal Advisors 600,000 600,000 – 0 – 0 – 0
          Tech Coast Innovations 550,000 275,000 275,000 – 0 – 0
          PowerPlus Battery Co. 350,000 350,000 – 0 – 0 – 0
          Cypress Auto Group 250,000 250,000 – 0 – 0 – 0
          Gulf Breeze Catering 150,000 150,000 – 0 – 0 – 0
          SWFL Communications 75,000 75,000 – 0 – 0 – 0
          Sunshine Office Solutions 50,000 50,000 – 0 – 0 – 0
          Signs Now! 55,000 45,000 – 0 – 0 – 0
          Box Depot 45,000 15,000 – 0 – 0 – 0
          Secure Shred Services 40,000 15,000 – 0 – 0 – 0
          22,000,000 15,375,000 3,350,000 2,675,000 1,025,000
          Tickmark Legend
          F – Footed without exception
          M – Amount is considered immaterial, no further work necessary.
          TB – Agrees to Trial Balance without exception
          PY – Agrees to prior year audited financial statements without exception
          Per the Legal confirmation at J-1 incurred legal fees as of 12/31 included 2,800,000 which had been incurred but not yet billed to Gabriela Aguiar LLC .

          F-4 Cash Disbursements Journal

          Gabriela Aguiar LLC F-4
          Cash Disbursements Journal (Jan 2026) DACPA
          For Year Ended 12/31/2025
          Check Number Date of Check Payee Amount Invoice Date Reviewed -Notes A, B or C
          5433 1/10/26 Coastal Tech Innovations 8,355 12/26/25 A comprehensive annual maintenance contract for computer hardware and networking equipment was secured for the year 2026.
          5434 1/10/26 Everglades Fleet Management 3,671 1/8/26 Scheduled maintenance check-ups for a fleet of 5 automobiles were conducted on 1/9/2026.
          5435 1/10/26 FGCU Tropical Event Planners 8,585 12/30/25 Catered Holiday party.
          5436 1/10/26 Staples-All-Florida Office Solutions 1,560 1/9/26 Office supplies purchased 1/09/2026.
          5437 1/10/26 Florida Power & Light 19,020 1/5/26 Utility bill electricity For December
          5438 1/10/26 Bay Area Communications 8,600 1/4/26 December utility bill-Phone Services
          5439 1/10/26 Kevin Arce 7,538 NA Oil changes for a fleet of 8 automobiles were performed on 1/13/2026.
          5440 1/10/26 Palm Packaging Supplies 1,160 1/6/26 Raw materials for packaging production were ordered on 1/7/2026.
          5441 1/10/26 Horizon Marketing Agency 10,525 1/2/26 The goods were received on 1/7/2026 with bill of lading showing a 1/4/2026 shipping date and marked FOB, Shipping – Los Angeles.
          5442 1/10/26 Gulf Power Parts Solutions 10,543,611 12/26/25 The receiving report was dated, Monday, 12/29/2025. However, due to unexpected maintenance issues, the truck was not able to deliver the goods until the following week. The AP clerk indicated that the receiving report was not processed until the next working day, and as a result, it was not included in the year-end accounts payable.
          5443 1/10/26 Summit IT Services 1,396 12/30/25 Business cards, picked up 12/30/2025
          5444 1/10/26 Coastal Tech Innovations 8,656 1/9/26 Computer purchased 1/10/2026.
          5445 1/10/26 Bright Sign Solutions 6,243 12/30/25 New logos on vehicles on 12/31/2025.
          5446 1/10/26 Staples-All-Florida Office Solutions 6,467 1/9/26 Copy machine purchased 1/10/2026.
          5447 1/10/26 Coastal Tech Innovations 731 1/9/26 Computer supplies picked up 1/10/2026.
          Tickmark Legend
          F – Footed without exception
          M – Amount is considered immaterial, no further work necessary.
          TB – Agrees to Trial Balance without exception
          NOTES:
          A – Correctly included on year end payables aging.
          B – Correctly not included on year end payables aging.
          C – Incorrectly not included on year end payables aging.
          PROPOSED JEs:

          ,

          F-2.1 Debt Confirmation Report

          08/13/2025

          To: Manny Hernandez

          Bank Name: ACG 6655 International Bank

          Address: 1234 Global Finance Blvd, New York, NY 10001, USA

          Contact: Manny Hernandez

          Email: Hernandez2321@ACG_6655_Int.com

          Phone: 222-235-1214

          From: Gabriela Aguiar LLC

          10052 Via FGCU Ct

          Fort Myers, FL 33905

          United States

          Subject: Debt Confirmation Request for the Financial Year 2025

          Dear Manny Hernandez,

          As part of our annual audit process, we are conducting a confirmation of the outstanding debt as

          of December 31, 2025. This confirmation is necessary to verify the accuracy of our financial

          records and ensure the correctness of the balances reported in our statements.

          Client's Statements

          We have provided our accountants with the following information as of the close of business on

          the Request Date. Please confirm the accuracy of the information by reviewing the balances in

          the account(s) listed below. Although we did not conduct a comprehensive, detailed search of

          your records, if additional information about other deposit and loan accounts comes to your

          attention during this process, please include such information.

          As of the close of business on the Request Date, our records indicate the following loan

          balances:

          Details of Outstanding Debt

          Request ID

          Status:

          Loan/Account

          Number

          Outstanding

          Balance

          Interest Rate

          (%) Maturity Date Currency

          Collateral

          Description

          NP # 105208 15,000,000 7.45% January 1, 2026 USD Land-Fort

          Myers

          UIA-84252115

          Completed

          Please indicate any discrepancies or additional information in the space provided below:

          Comments/Discrepancies:

          (01/22/2026 12:46 PM) Manny Hernandez said – Balance as of 12/31/2025, due date revolving,

          interest paid through 09/30/2025.

          Confirmation

          Please confirm the above information by signing and returning this document to us at your

          earliest convenience. You may return the confirmation via email to

          [email protected] or via postal mail to:

          Audit Manager: Ben Goldman, CPA

          FGCU-Accounting CPA firm

          100542 FGCU Dr

          Fort Myers, FL 33965, USA

          If there are any questions or if further clarification is required, please do not hesitate to contact us

          at 239-590-0001 or [email protected].

          Thank you for your prompt attention to this matter.

          Sincerely,

          Devin Grundy Controller

          Gabriela Aguiar LLC

          10052 Via FGCU Ct

          Fort Myers, FL 33905

          United States

          [email protected]

          239-590-0001

          Confirmation Acknowledgement

          I hereby confirm that the information provided above is accurate and correct as of December 31,

          2025.

          Signature: _

          X M a n n y H e r n a n d e z

          B a n k M a n a g e r – L o a n D e p a r t m e n t

          ______________________________

          Name: Manny Hernandez

          Title: Bank Loan Manager

          Date: 01/22/2026

          Requested Information

          Engagement Number: 2024665508

          Audit Manager: Ben Goldman, CPA

          FGCU-Accounting CPA Firm

          100542 FGCU Dr

          Fort Myers, FL 33965

          United States

          Follow-up Actions

          Review Confirmation – Verify if ACG 6655 International Bank has acknowledged and confirmed

          the debt information.

          Reconcile Accounts – Compare the confirmed balances with the company's records.

          Address Discrepancies – Investigate and resolve any discrepancies noted by the creditor.

          F-2.2 Debt Confirmation Report

          Client's Statement

          We have provided to our accountants the following information as of the close of business on the

          Request Date below regarding our deposit and loan balances. Please confirm the accuracy of the

          information, noting any exceptions to the information provided. If the balances have been left

          blank, please complete this form by furnishing the balance in the appropriate space below.

          Although we did not conduct a comprehensive, detailed search of your records, during the

          process of completing this confirmation, additional information about other deposit and loan

          accounts you may have with us comes to your attention; please include such information below.

          At the close of business on the Request Date below, our records indicated the deposit balances

          below, and we were also directly liable to the financial institution for loans at the close of

          business on the stated Request Date as indicated below.

          † Ordinarily, balances are intentionally left blank if they are not available at the time the form is

          prepared.

          Client's Company Information

          Engagement Number: 2024665508

          Company Name: Gabriela Aguiar LLC

          Address: 10052 Via FGCU Ct, Fort Myers, FL 33905, USA

          Requestor Information

          Company Name: FGCU-Accounting CPA Firm

          Audit Manager: Ben Goldman, CPA

          Address: 100542 FGCU Dr, Fort Myers, FL 33965, USA

          Authorized Signers

          Name: Devin Grundy

          Job Title: Controller

          Phone: 239-590-0001

          Email: [email protected]

          Responder Information

          Bank Name: ACG 6655 International Bank

          Address: 1234 Global Finance Blvd, New York, NY 10001, USA

          Contact: Manny Hernandez

          Email: Hernandez2321@ACG_6655_Int.com

          Phone: 222-235-1214

          Client's Account Information

          Type/Form: Line of Credit

          Account ID: NP # 105210

          Account Name: LOC

          Confirmation Request

          Request ID

          Status:

          Loan/Account

          Number

          Outstanding

          Balance Interest Rate (%) Maturity Date Currency Collateral Description

          NP # 105210 52,550,000 6.45% January 1, 2028 USD Land-Fort Myers

          UIA-84252115

          Completed

          Delivery Method: In-Network

          Questions / Comments

          (01/22/2025 10:46 AM) Manny Hernandez said – Balance as of 12/31/2025, due date revolving,

          interest paid through 06/30/2025.

          Description of collateral: Leased Yacht (50) with a Lien in Lee County

          Responder Statements

          The information presented is in agreement with our records. Although we have not conducted a

          comprehensive, detailed search of our records, no other deposit or loan accounts have come to

          our attention except as noted.

          Confirmation Acknowledgement

          I hereby confirm that the information provided above is accurate and correct as of December 31,

          2025.

          Signature: _

          X M a n n y H e r n a n d e z

          B a n k M a n a g e r – L o a n D e p a r t m e n t

          ______________________________

          Name: Manny Hernandez

          Title: Bank Loan Manager

          Date: 01/22/2026

          ,

          Page 1 of 3

          D-4

          FGCU National Bank

          19800 LCOB Blvd

          Fort Myers, FL 33917

          United States

          Account #:1804-17-5256-01

          Gabriela Aguiar LLC

          10052 Via FGCU Ct

          Fort Myers, FL 33905

          United States

          Your Checking Account 1-1-2026 THRU 1-15-2026

          Your Previous Balance 12,000,000.00

          Additions 5 Deposits 15,597,022.90

          3 Transfers from other

          accounts 8,500,000.00

          Deductions 55 Checks 13,586,529.84

          3 Transfers to other accounts 11,365,369.20

          Your Current Balance 11,145,123.86

          Deposits and Other Additions

          Date Amount Date Amount

          1/3/2026 465,782.45 1/13/2026 8,113,204.54 1/5/2026 3,784,285.91 1/13/2026 1,252,500.00 1/6/2026 1,981,250.00

          Transfers to Other Accounts

          Date Amount Account

          1/7/2026 6,300,000.00 604-03-739-8

          1/13/2026 4,500,000.00 604-03-739-8

          1/14/2026 565,369.20 604-29-016-3

          Transfers from Other Accounts

          Date Amount Account

          1/10/2026 1,650,000.00 604-03-739-8

          1/11/2026 1,500,000.00 604-03-739-8

          Page 2 of 3

          1/14/2026 5,350,000.00 604-03-739-8

          Checks and Other Withdrawals

          Check Date Amount

          6000 1/3/2026 10,666.40

          6001 1/3/2026 5,926.63

          5996 1/3/2026 412,969.75

          6005 1/4/2026 9,457.59

          6012 1/4/2026 20,590.00

          6011 1/5/2026 19,683.05

          6013 1/5/2026 15,763.70

          6016 1/5/2026 7,993.26

          6029 1/5/2026 16,130.00

          6026 1/5/2026 5,243.49

          6007 1/6/2026 23,027.38

          6024 1/6/2026 7,412.34

          6031 1/6/2026 1,342.16

          6033 1/6/2026 9,801.59

          5999 1/6/2026 9,950.19

          6003 1/6/2026 8,383.81

          6004 1/7/2026 13,234.71

          6017 1/7/2026 18,458.18

          6018 1/7/2026 19,770.20

          6020 1/7/2026 2,095.55

          5997 1/10/2026 7,204.78

          5998 1/10/2026 617.4525

          6002 1/10/2026 10,592.14

          6006 1/10/2026 4,263.06

          6008 1/10/2026 9,556.12

          6009 1/10/2026 741.4125

          6015 1/10/2026 4,287.89

          6019 1/10/2026 3,605.41

          6021 1/10/2026 2,000,254.74

          6022 1/10/2026 7,136.36

          6023 1/10/2026 1,126.05

          6027 1/10/2026 12,904.49

          6035 1/10/2026 8,352.89

          6010 1/12/2026 7,511.21

          6014 1/12/2026 200,000.00

          6025 1/12/2026 1,266.85

          6030 1/12/2026 9,338.02

          6028 1/12/2026 14,366.46

          Page 3 of 3

          6032 1/12/2026 13,377.14

          6034 1/12/2026 2,566.30

          5433 1/13/2026 8,355.00

          5434 1/13/2026 3,671.00

          5436 1/13/2026 1,560.00

          5437 1/13/2026 19,020.00

          5436 1/13/2026 6,891.16

          5439 1/13/2026 7,538.00

          5440 1/13/2026 1,160.00

          6047 1/13/2026 6,924.96

          5446 1/13/2026 6,467.00

          5447 1/13/2026 731.00

          5435 1/14/2026 8,585.00

          5441 1/14/2026 10,543,611.00

          5443 1/14/2026 1,396.00

          5444 1/14/2026 8,656.00

          6048 1/14/2026 4,994.99

          Total 13,586,529.84

          ,

          Title: Materiality and Liabilities Testing – Gabriela Aguiar LLC Audit Case

          In this mini-case, you will audit and evaluate documents, such as debt confirmations, vendor

          invoices, etc., in the audit of all of Gabriela Aguiar LLC's liability accounts. To expedite the

          audit process, your audit teammate has already picked up the PBC schedules and scanned and

          labeled them in the binder for you.

          Case Background

          FGCU-Accounting CPA firm has been engaged to audit Gabriela Aguiar LLC, a company based

          in the Fort Myers area. The audit team is led by partner Isabella Dewitt, with Ben Goldman as

          the audit manager. You are a senior auditor assigned to the liabilities testing portion of the audit.

          Company Information:

          Gabriela Aguiar LLC

          CEO: Gabriela Aguiar

          Board of Directors: Kevin Arce, Elie Bassil, John Blasi, Connor Cizek, Stephanie Clemente,

          Colby Collins, Chestina Conduah

          Company Background

          Gabriela Aguiar LLC is a publicly traded company based in Fort Myers, Florida, specializing in

          luxury yacht manufacturing and leasing. Founded in 2010 by Gabriela Aguiar, the Company has

          grown rapidly to become a significant player in the high-end marine industry.

          Key Business Details:

           Primary Business: Manufacturing and leasing luxury yachts

           Secondary Revenue Streams: Yacht maintenance services and marine equipment sales

           Market Position: Mid-sized Company with a strong presence in the southeastern U.S

           Recent Development: Expanding operations to the Caribbean market

           Public Trading: Listed on NASDAQ under the ticker symbol GAYL

          Company History and Current Situation

          Gabriela Aguiar, a former naval architect, founded the Company with a vision to create

          customizable, eco-friendly luxury yachts. The Company's innovative designs and commitment to

          sustainability quickly gained attention in the industry. In 2018, Gabriela Aguiar LLC went public

          to fund its expansion plans. The Company has since opened a new manufacturing facility in Fort

          Myers and established a leasing office in Miami.

          Recent challenges include:

          1. Supply chain disruptions affecting the timely delivery of specialized materials

          2. Increased competition in the luxury yacht market

          3. Regulatory changes related to environmental standards in yacht manufacturing

          Financial Snapshot:

           Annual Revenue: Approximately $150 million

           Total Assets: Around $300 million

           Significant Liabilities: Long-term debt for manufacturing facilities, accounts payable to

          suppliers, lease liabilities for Miami office

          Office Meeting with Your Audit Manager

          Ben Goldman: Good morning, team. I hope you're all doing well. How's the progress on last

          month's assignment?

          Team Leader: Good morning, Ben. We've just concluded the assignment, and we're working on

          submitting the initial report for your review by the end of the working day today.

          Ben Goldman: Excellent; I'll be looking forward to receiving that report. Now, let's discuss your

          next assignment: the Gabriela Aguiar LLC Audit, specifically the liabilities testing. Given the

          company's recent expansion and the importance of this audit, we need to pay extra attention to

          this area.

          Team Leader: Understood. What specific areas should we focus on?

          Ben Goldman: I'm glad you asked. I've done a quick scan of the trial balance, and I have some

          concerns about accounts payable. I need you to investigate a couple of things there.

          Team Leader: What should we be looking for in accounts payable?

          Ben Goldman: First, look for any AP that should have been written off according to the

          company's accrual policy. Second, search for unrecorded accounts payable. I have a hunch there

          might be some liabilities that haven't been reflected in the company's books yet.

          Team Leader: Got it. We'll thoroughly review the AP. Anything else we should be aware of?

          Ben Goldman: Yes, there's an issue with legal fees. I just heard from Gabriela Aguiar, LLC's

          attorney. They're preparing the legal confirmation for us, but they mentioned $2.8 million in

          legal fees related to hurricane damage litigation that haven't been billed yet for 2025 work.

          Team Leader: That's a significant amount. How should we approach this?

          Ben Goldman: We need an interim report on this to ensure we're comfortable that liabilities are

          complete based on your search for unrecorded liabilities.

          Team Leader: Understood. We'll look into that and include it in our report. Any other areas of

          concern?

          Ben Goldman: Yes, there are some developments with notes payable and their line of credit. I

          spoke with the controller about the new debt. They took out a new loan of $15 million and rolled

          the $12 million from the line of credit into it, effective January 2, 2025. There's something about

          this in the Board of Directors' minutes, so make sure to review those.

          Team Leader: We'll definitely review the minutes and follow up on that new debt arrangement.

          Ben Goldman: Also, they started a new line of credit for $44 million on January 7, 2025.

          Team Leader: That's a substantial new line of credit. We'll look into the details as well.

          Ben Goldman: Good. Now, regarding leases, the controller assured me they don't have any

          capital leases. I've looked over the assets, and I'm inclined to agree. You don't need to spend too

          much time looking for these, but keep an eye out, just in case.

          Team Leader: Noted. We'll do a quick check on leases but focus more on the other areas you've

          mentioned.

          Ben Goldman: That's right. Oh, and one more thing: payroll-related liabilities are being tested

          with payroll, so you don't need to worry about them while you are testing.

          Team Leader: Understood. Is there anything specific you'd like to see in our deliverables?

          Ben Goldman: Yes, I'd like you to prepare a comprehensive audit plan for liabilities, including

          your materiality calculations and planned procedures. I also want to see a liabilities lead

          schedule, an AP aging schedule, and your initial findings on the potential issues I've mentioned.

          Team Leader: We'll make sure to include all of those in our work.

          Ben Goldman: Great. Once you've completed your testing, draft an interim report summarizing

          your findings, mainly focusing on any material issues or discrepancies you uncover.

          Team Leader: Will do. We'll keep you updated on our progress and let you know if we

          encounter any significant issues.

          Ben Goldman: Perfect. Do you have any questions or need any additional information to

          proceed?

          Team Leader: I think we have a clear direction for now. We'll reach out if we need any

          clarification as we dig into the work.

          Ben Goldman: Sounds good. I'm looking forward to seeing your results. Good luck with the

          audit, team.

          Current Audit Context

          This is the third year the FGCU-Accounting CPA firm has been engaged to audit Gabriela

          Aguiar LLC. The previous two audits resulted in unqualified opinions, but some control

          deficiencies in the accounts payable system were noted.

          The current audit is particularly crucial as the Company is:

          1. Seeking additional financing for its Caribbean expansion

          2. Facing increased scrutiny from environmental regulators

          3. Dealing with a recent change in the CFO position

          Specific Areas of Concern for Liabilities Testing:

          1. Completeness and accuracy of accounts payable, given the previous control deficiencies

          2. Proper classification and disclosure of long-term debt covenants

          3. Accurate recording of lease liabilities, especially with the new Miami office

          4. Potential unrecorded liabilities related to environmental compliance

          5. The appropriate cut-off for liabilities pertaining to yacht manufacturing in progress Instructions:

          Read all memos from your manager and the client, then read the steps in the audit program for

          liabilities found on Work Paper F-0 (Excel Sheet labeled F-0 Liabilities Program) and

          familiarize yourself with work papers. Complete all the steps on the audit program. Be sure to

          document your work using the designated tick marks. The tick mark legend is located at the

          bottom of each work paper. When you are finished with each workpaper, enter your initials in

          the box in the top right.

          Case Tasks:

          1. Ethical Considerations: Consider the ethical implications of setting materiality levels

          and how it affects the audit process. Consider the AICPA Code of Professional Conduct

          and its relevance to this case.

          2. Legal Exposure: Consider the potential legal risks auditors face when testing

          liabilities, especially if material misstatements are not detected.

          3. Risk Assessment: Consider the risks of material misstatement in the

          acquisition and expenditure cycle, focusing on liabilities.

          4. Materiality Calculation: Using the provided trial balance, calculate the overall materiality

          level for the audit. Explain your reasoning and methodology.

          5. Liabilities Lead Schedule: Create a liabilities lead schedule based on the trial balance

          information.

          6. Audit Procedures: Perform all audit procedures in the audit program (F-0) for

          testing liabilities. Evaluate the findings of these tests and propose adjusting entries

          as appropriate.

          7. Conclusion and Communication: Draft an email to the audit manager, Ben Goldman,

          summarizing your conclusion on liabilities testing. Include:

          1. Key findings 2. Any identified misstatements or areas of concern 3. Recommendation for further action (if necessary) 4. Impact on the overall audit opinion

          Additional Considerations:

           Focus on external liabilities in your analysis and testing procedures.

           Consider the specific risks that might be present in the Fort Myers area or for a company

          of this size and type.

           Address how the composition of the Board of Directors might influence your audit

          approach or risk assessment.

          F-2 Debt Confirmations

          Confirmation documents were received from Confirmation.com, a bank confirmation

          clearinghouse. Received on 01/22; additionally received confirmations for cash, documented in

          the audit for cash.

          Record retention

           What considerations will you consider in preparation for drafting your policy? 

           Identify 3 factors that could pose a disaster threat to health information along with suggestions for disaster recovery.

          Explain how you will be guided by the AHIMA Code of Ethics by specifically identifying the relevant ethics principle(s) and interpreting it in your own words. 

            As a new HIM director of a large healthcare system composed of multiple sub-acute care facilities with locations in multiple states of the US. You could use the example of Atlantic Health System or other similar health care organization of your choice (the selected organization must extend health care operations in more than one state). The organization uses an EHR but has some paper records, as well. One of your tasks is to put together a health record retention policy for the entire organization.

            590-c3

              

            Websites

            Masandu, N. (2016 July 13) How to Write Actionable Policy Recommendations. Retrieved from http://www.researchtoaction.org/2013/07/how-to-write-actionable-policy-recommendations/

            Conclusions and Recommendations. Retrieved from https://www.papermasters.com/conclusions_recommendations.html

            Textbooks

            Chapter 5: Smart Sentencing (p. 48 – 62) in:
            Sword, H. (2012). Stylish Academic Writing. Cambridge: Harvard University Press.

            Part 3: Developing Arguments in Your Writing (p. 203 – 249) in:
            Fairbairn, G., & Winch, C. (2011). Reading, Writing, and Reasoning: A Guide for Students. Maidenhead, England: McGraw-Hill Education.

            The Master of Education Program required the completion of four concentration classes. Reflect on the four courses you have taken to complete your concentration degree requirements and explain the value of each course for your career or learning goals.

            Next, assess your preparation, experience, and/or professional practice accomplishments related to each of the concentration learning outcomes.

            It is recommended that you structure  using this outline:

            1. Introduction (1/2 page)
              1. Brief summary of your current professional background
              2. Brief summary of why the selected concentration is appropriate to your work or professional goals
            2. Career Goals (or Learning Goals if you do not currently work in education) (1/2 page)
              1. Describe how each concentration course has contributed to your career goal(s)
            3. Preparation, Experience, and Accomplishments (1-2 pages)
              1. Concentration Learning Outcomes will vary by program, refer to the University Catalog to locate outcomes (https://www.trident.edu/catalog/)
              2. You must address all concentration learning outcomes
            4. Conclusion (1/2 page)
              1. Provide a practical example of how your concentration coursework contributed to your understanding of the role of educator/leader in your profession.
              2. How does your experience in the program prepare you to effect change in educational settings? Explain.
              3. Are you better equipped to effect change in your professional practice? Or, effect change in educational policy? Explain.

              Authentic leadership

                

              Discuss Steve Job and explain how you believe that he exhibits authentic leadership and provide specific examples. Describe the role of authentic leadership in creating trust and followership in this example, including how it can improve organizations. Additionally, consider the four characteristics of conscious capitalism and indicate how each of these can be applied in the example you have provided.

                Platinum Essays