Phoenix Software Project Management

Question: Depict about the Phoenix Software Project Management? Answer: Presentation: The phoenix venture is a novel made on business systems utilizing IT. It is about the DevOps, IT. The epic is considered as a cutting edge approach to see the objective. This Novel portrays those issues, which are looked by each IT association. It demonstrates the best approach to practice and culture the tests to take care of the issues, making improvement to the lives of IT workers. This Novel demonstrates a community oriented approach to deal with the work between the business and IT. The epic discloses to Bills story. IT director of parts boundless was new IT activity, who code named phoenix venture. President needed bill to fix the mass inside 90 days to forestall the redistributing of the whole division. With the assistance of the of Dr. Reid bill perceive the three potential approaches to make sense of the entire IT works. Bill came to comprehend that an assembling plant shares more for all intents and purpose with IT office. Rundown of suggestion: The suggestion from phoenix venture is to make sense of these under referenced realities Instructions to control the work discharge into IT activity. The most obliged assets are should have been utilized uniquely for the objective situated undertaking. In the wake of making sense of the most obliged assets, there are three way understanding: First path assists with understanding the way toward making quick progression of work to move from improvement to IT activity. Second way demonstrates the procedure to intensify and abbreviate input circle to keep away from modify and to fix quality at the assets. Third way depicts the formation of culture, so as to deal with making tests (Pais, 2015). Explanation for relieved fiasco: Some inadequate guarantees are given to the market. Again the deferral with in phoenix dispatch by multi week to maintain a strategic distance from the disappointment. In spite of the fact that postponing by multi week could cause dissatisfaction of clients. Underlying drivers behind disappointment: The underlying driver behind disappointment lies in the issue in tasks. The steady firefighting expected to keep lights on, which causes the finance framework disappointment. The issues in activity are brought about by the absence of procedure in various significant territories: Problem the executives, episode the board and the change the executives. The purpose for the disappointment of the change the executives is caused because of the choice to actualize an untested change, which harmed the entire finance framework at a vital purpose of time. The disappointment behind the issue the board due to not having a productive a powerful procedure for the distinguishing proof of the underlying driver The episode the executives procedure didn't have an effective plan on business-centered occurrence prioritization (Patterson, 2000). Need of a war space to oversee: The phoenix colleagues entertain themselves with their task so profoundly, that they even need to secure themselves in the war space to maintain a strategic distance from interruption. Job of Brent: In the IT anticipate of Phoenix Brent Geller is a Lead Engineer. He worked for the Wes. He was consistently there in IT anticipates. Significance of Brents job in the task/organization/story: To the extent the significance of Brents job is concerned, he expected to work with the engineers to fix the issues at the source. As a lead Engineer he used to tell designers on how things are done in reality and what those things are, which permits breaking underway (cynic, 2013). Changes in Brents job to make the undertaking effective: To make the undertaking effective, Brent was pulled off from phoenix occupation and expected to take a shot at SAN issue. Consequence of these changes: By the adjustments in Brents job, Brent Started taking a shot at the on SAN issue. In the wake of taking a shot at the SAN issue, Brent arrive at a resolution that, redesigning SAN caused finance run disappointment. At the point when Brent was helping one of the SAN architects to redesign the firmware, it took quite a while and wen nothing appropriately tech note (InfoQ, 2015). Hypothesis of Constrains: Hypothesis of imperatives depends on the setting of goalachievement, whichis restricted by at any rate one requirement. In the event that there is nothing forestalls to accomplish objective or higher throughput, at that point framework is made for creating limitless throughput, which is beyond the realm of imagination, in actuality, framework. In the task phoenix dr. Reid said about the basic component in the board of a plant is arrival of material and occupation. Without these two factors, nobody can control work in progress (WIP) (Kim, Behr and Spafford, n.d.). Job of this hypothesis to deal with the phoenix venture: This hypothesis guided those connected with individuals in this task by making them understood about the deception, which is happened when the upgrades are made alongside the bottleneck. It clarified that any improvement, which is made after the bottleneck, has no utilization in light of the harm brought about by the starvation. Bills path to the prioritization of ventures as parts boundless: To have power over arrival of the undertaking into IT activity Bill has made sense of the task prioritization into three different ways. Right off the bat, Bill saw how to make out snappy work stream, to move from the advancement to IT activities. The subsequent way portrays the procedure to enhance and abbreviate the input circles to maintain a strategic distance from modify and fix quality at source. The third way legitimizes the gaining from disappointment and understanding the training and redundancy are required as an earlier condition to apply for authority. Most proficient standard about IT the board gained from perusing this book: In IT the board, Virtualization assumed a significant job. With the idea of virtualization, there is no compelling reason to oversee loads of physical server any more. Because of the virtualization, there are the nearness of consistent examples inside the server or might be dwelling in the cloud. In this task Erick used to show the reason behind Brents over utilization of time. He was taking week to finish the straightforward brief changes. The explanation was the bottleneck of the assignments. Brent was continually above usage of 100%, consequently at whatever point Brent is required for any assignment, the undertaking continue holding up in a line. The holding up time is the level of active time (Kim, Behr and Spafford, 2013). Here a diagram is appeared: on the Y-pivot, it is the estimated holding up time and on the X-hub it is demonstrating the % to be occupied for a given asset at work textual style. In the phoenix venture, Bill understood the results. He understood that their straightforward brief undertaking needs seven hand offs (for example database group, systems administration and virtualization group). Handiness of this venture past MS training: Past the MS instruction, this phoenix venture encouraged on the most proficient method to perceive the issues which occur in an IT association. How these IT association related issues danger each dedication, for example, Information security, IT activity and improvement made in business. How issues are getting fixed utilizing DevOps strategies. DevOps represents Development and Operation. DevOps is a technique to create programming, which stresses coordinated effort, correspondence, robotization, participation estimation and incorporation between the IT experts and the product designers. End: In by and large the Phoenix venture brought many related strides of current IT and the executives rehearses together. All the things in a general sense appears to be unmistakably about the Theory of limitations, lean, Kanban, Demings arrangement of profound information, even those persuading suggestion by dr. Reid-all are the means of including individuals into work all the more successfully. This Novel demonstrates a community oriented approach to deal with the work between the business and IT. This undertaking study shows the main driver behind the disappointment, for example, the issues in activity are brought about by the absence of procedure in various significant regions: Problem the board, occurrence the executives and the change the board. Again the reason behind the relieved catastrophe is deficient guarantees, which are given to the market and the postponement in the task dispatch. Undoubtedly, in the wake of making sense of the most compelled assets, there are three way un derstanding: First path assists with understanding the way toward making quick progression of work to move from advancement to IT activity. Second way demonstrates the procedure to enhance and abbreviate input circle to maintain a strategic distance from modify and to fix quality at the assets. Third way depicts the formation of culture, so as to deal with making tests. References: Anbari, F., Dutton, A., Holt, E., King, L., Wilson, L. also, Zacharko, M. (n.d.). Undertaking Phoenix. Kim, G., Behr, K. also, Spafford, G. (2013). The phoenix venture. Portland, OR: IT Revolution Press. Kim, G., Behr, K. also, Spafford, G. (n.d.). The Phoenix venture. Pais, M. (2015). Meeting Book Review: The Phoenix Project, A Novel About IT, DevOps Helping Your Business Win⠝. infoQueue. [online] Available at: https://www.infoq.com/articles/phoenix-venture book-survey [Accessed 2 Mar. 2015]. Patterson, D. (2000). Task Phoenix. San Jose, Calif.: Writers Club Press. doubter, (2013). Book audit: the Phoenix Project. [online] Available at: https://www.itskeptic.org/content/book-survey phoenix-venture [Accessed 2 Mar. 2015].

Reaction Paper on SONA 2014 Essay

There were numerous features on the ongoing SONA President Benigno S. Aquino expressed last July 28, 2014 and these are the 3 things that captivated me the most: Under the dubious DAP, PNoy said that around P1.6 billion store was given to Training-for-Work Scholarship Program of TESDA. An aggregate of 223,615 recipients have graduated with a likeness 146,731 alumni as of now working. I would state I truly extolled him for his bits of knowledge on instruction. Valid, Education is significant in each nation. A nation comprises of individuals, presently if those individuals are for the most part ignorant what do you think would the nation become of? Furthermore, truly, in the wake of putting in a few pesos to those understudies through grants, what amount do you figure those understudies would pay for their charges when the will graduate and have their own occupations? see more:sona 2017 response paper The monstrous side of this however is the response of COA and governmental issues association. Did you realize that as per COA these sums were not completely used by the organization, providing reason to feel ambiguous about Aquino’s figures. COA said that out of the P1.1 billion assets from DAP acquired by TESDA in 2011 for TWSP, just 92.47% was used. Presently what about that?! Individuals and even ventures are not great. When will they acknowledge that?! I am as yet grateful however on the grounds that in any event he is indicating positive numbers and realities. President Benigno S. Aquino III, during his fifth State of the Nation Address (SONA) on Monday, refered to achievements in the country’s flying industry as having added to the country’s consistent financial development the previous year. First on the rundown of references was the point at which the International Civil Aviation Organization (ICAO) last March 2013 lifted the critical wellbeing concerns it had recently given for the Philippines.In that year, the European Union lifted its prohibition on Philippine Airlines, permitting it to fly indeed to Europe. Yet, with the improved aeronautics framework, President Aquino stated, Filipinos would now be able to fly legitimately from Manila to London. President Aquino additionally invited the FAA’s choice to update the Philippines’ flying status back to Category 1. He said that due to this overhaul, all things considered, thereâ will likewise be an expansion in courses heading off to the United States â€Å"The increment in trips of our neighborhood carriers to the United States and partaking nations in the EU is a major assistance to both the travel industry and business,† the President said in his discourse. I am additionally grateful for this one. Philippines being an available nation overall is a Go ! what I implied is its an unmistakable in addition to for us on the off chance that we don’t spend a lot on corresponding flights only for us to get to our goal. I not certain if at any time you encountered corresponding flights previously and I truly trust youd never do . Since, Oh my! it is such an issue with time and cash. Envision you being energized however you need visits, dozing in the air terminal simply get the soonest trip to your goal and go to GOD the climate will coordinate or, in all likelihood you’re stuc k! In the interim, President Aquino additionally called attention to how the country’s facilitating of the World Economic Forum on East Asia this year was a tremendous achievement, demonstrating the world the country’s limit in business.â€Å"†¦With the APEC (Asia-Pacific Economic Cooperation) Summit the Philippines will have one year from now, we will have the option to advise considerably more individuals of our advancement, and the open doors this has opened up for all,† he said. This is my greatest worry of all. I trust he will apply more exertion on this one. As a normal buyer I don’t see myself having a positive sides on this one. Truly I realize we are inevitably encountering Mother Nature’s updates on how we should deal with the assets she has given. In any case, by God! indeed, even the flavors that is normal and required in each family (ex: GARLIC †my preferred zest with chicken) is excessively expensive. Counting our staple food wh ich is rice. This one should be lightened! Recollect County comprises of People, People needs Education however above all it needs to FOOD so as to endure!

Artificial Intelligence Ethical Dilemma

Question: Talk about the Artificial Intelligencefor Ethical Dilemma. Answer: Presentation The ethics of mechanized thinking and AI are the principle parts of morals in new innovations, especially, in apply autonomy, self-ruling vehicles and in other misleadingly smart frameworks. It is regularly segregated into apply autonomy, the significant worry with the moral direct of individuals is that concerning how they design, fabricate, use and treat a misleadingly smart framework. This investigation is done to comprehend the moral predicament looked by an AI advisor of the firm of electric vehicles. This examination incorporates a few qualities just as moral choices and ways to deal with settle the moral predicament. The ACS code of morals are talked about in this investigation to conquer the issues in a moral difficulty. Moral Analysis Moral Dilemma The electric vehicle association dont have the ability to effectively shield themselves from open harms from advances, and moreover, they are likewise incapable to urge the customers to purchase their automobiles. As a matter of fact, John feels that the talk should be there in a general way required for all independently directed administrators inside the firm and it is crucial to give them a possibility and settle on them allowed to settle on decisions for the two customers and the association. The association for which John works is viably building up every year. The good or moral trouble here is that, Can electric cars easily learnempathy? Could electric carseffectively rehearse assorted moral decisions? Will an association give electric automobiles a complete understanding of a danger? John, an AI master insistently feels that the electric auto association's things should not to be discharged until the depiction and exhibiting of cars have been appropriately executed, as the liv es of customers and people might be at high danger. John has endeavored to instruct about each such danger to the CEO of the association. John, in like manner, feels that the association will be not able to fulfill its objectives just as be wonderful in an algorithmic significant nature of the AI. Computer based intelligence Consultant Consequences A moral reaction to the moral situation which the AI advisor of the vehicle organization John is confronting is that there is a need of streamlining of coordinations, making out of electric vehicles, regulating of an examination which gives interpretations to a canny electric vehicles structure to change the lives of the vehicle purchasers. Different endeavors are required to beat the issues of the contention. Subsequently, the AI advisor needs to set up the frameworks which are progressively proficient for the clients and furthermore for the organization. Therefore, the individuals who have assets in the AI, incited organization and will have the option to get a lot of cash-flow. Or maybe, self-administering vehicles are chosen various decisions, for example, speed, atmosphere, states of street and other data amassed from a combination of sensors, including cameras and radars. The self-governing auto will process a course of action regarding how rapidly it is going likewise with the speed of the vehicle. The guideline test is to set up the fundamental data which is sufficient to avoid the risky conditions regardless. Vehicle Customers Consequences Due to this ethical circumstance in the electric vehicle firm, the AI master has developed the most beneficial electric cars to diminish the setbacks and for saving the lives of the individuals. Extraordinary anomaly of items over the rowdiness. Issues just as issues with the utilitarianism. Simulated intelligence Consultant Duties Simulated intelligence advisor needs to sort out a gathering just as call up the CEO and some staff individuals, for example, venture pioneers, specialists, managers and examine about the whole situation with them so as to dodge the future disarrays. At the point when each and every disarray identified with the demonstrating venture is appropriately characterized, at that point the AI advisor must allot various undertakings to various staff individuals and to each worker according to their claim to fame and capacity. The AI specialist must allot the exact timeframe to finish the specific undertaking, so the venture ought to be finished on schedule and help association to accomplish the future advantages. The AI advisor, John need to empower their representatives, group pioneer, just as undertaking chief to build their effectiveness and functionality. The AI specialist likewise need to part his work moves with the goal that work will without a doubt be proceeded until the entire under taking isn't finished. Reaction of the Caring Person Typically the center morals endeavors to keep up the associations by contextualizing and propelling the thriving of guardians just as care-recipients in an arrangement of social relations (Nordenstam, 2013). Consistently portrayed as a training or perfect rather than a speculation, care incorporates the keeping up of the trust of the clients, and giving electric vehicles that doubtlessly moderate the street mishaps. Electric vehicles which firm proposals to their clients must address all necessities of the association just as their clients (Nagenborg, Capurro, Weber, Pingel, 2007). John must form an inspiration program for the CEO and other staff of the firm to give care to those people and clients who are helpless just as needy. ACS Code The significance of open enthusiasm: According to this ACS code, each contention must be illuminated inside an electric vehicle organization in the inclusion of open tendency. The enthusiasm of open ought to be thought about to join all the issues identified with the wellbeing of open and vehicle clients. The improvement of individual fulfillment: The ICT progression had the great impact on society and this impact has been invaluable to the electric vehicle organization. The firm ought to lift the comparable access to the occasion of the ICT by all overall population people (Lenk, 2016). Genuineness: This code is a key portion of trust. Without complete trust, an electric firm can't work sufficiently. The real figuring capable ought not make a deliberately bogus and deluding case about the electric vehicles or their system arrangement, be that as it may, it ought to rather give the full disclosure of all corresponded structure limitations and issues. Fitness: The electric firm ought to recognize that the displaying methodology of vehicles in which they trust are skilled to proceed just as not stop for a second to get the additional mastery reasonably qualified for the individuals where fitting (ICT Integrity: bringing the ACS code of morals cutting-edge, 2016). Proficient turn of events: The electric vehicle firm consistently keep themselves refreshed with the new advances and strategies which are material or accommodating in their work, besides, they have to support their accomplices and staff people to do a comparable thing (Tripathi, 2010). Polished skill: The ICT business is modestly depicted just as evolved by the brisk changes. The code of ACS can moreover assist everybody with determining or recover the ethical difficulty, and it gives the help to make the best possible activities against the issue (Gogoll, Muller, 2016). Prerequisite letter: The requests of this examination according to the ACS may be: Open intrigue: The electric firm should decide the potential wedged through firms fill in just as unequivocally imagine their advantage. Ability: Happily assess the duty of their own work. Trustworthiness: Never wittingly delude the client as per the reasonableness of the organizations administrations. Polished methodology: Abstain from the movement into the company's master job that may stain the image of the business (Torrance, 2012). Protection for AI Consultant There are a few different ways to protection the John on moral grounds, as, on the off chance that he runs the computerized reasoning components of the vehicles and illuminate the CEO regarding the electric vehicle organization that later on, the models of vehicles will cause a few ramifications for the association just as for their clients, for example, mishaps out and about are less a result of the self-ruling vehicles (Reisch, 2011). John can give a task report to the CEO of the firm that the venture is surrendered with heaps of blunders and bugs without completely fulfilling the displaying venture in the wake of testing just as it in like manner can make an incredible picture of the firm according to the clients (Chau, 2010). John must use the ACS leads as they dont grant the firm to convey the deserted items and administrations for their clients and mislead the client according to their administrations so John likewise need to attempt recommendations to understand moral issue. Guidance for AI Consultant As demonstrated by the ACS ethics, an association must need to hold their validity, capacity, polished methodology just as open eagerness for their work. According to the John, the time being spent on the displaying method for the mishap premise is a smart thought before the electric vehicles are released on the streets. Securing the convictions of other qualified pros can help with the plan of the issue. Partners can give their decisions and allude to other relative issues they had stood up to. In the wake of guiding various planners, the accompanying step would suggest different codes of ethics and see concerning how they would relate to the situation close by (Bellekom, Benders, Pelgrm, Moll, 2012). NSPE records numerous codes of ethics that a specialist engineer could fall in a condition where the individual would defy out in the business. ASME, gives a summary of certain standards, especially for master mechanical draftsmen. End This investigation reasons that John as an Artificial Intelligence expert for the electric vehicle firm needs to maintain and modernize the pride, trust and respect of his calling. It has additionally been presumed that the morals are existing together in the electric vehicle firm for better venturesome practices just as for holding the clients trust on the firm by giving them administrations which are beneficial for them in an ethical manner. Morals are utilized in the associations to survive

3D ProJet 5500x firmy 3D Systems Essay Example | Topics and Well Written Essays - 500 words

3D ProJet 5500x firmy 3D Systems - Essay Example The speed is twofold regarding extent thought about those of past printer variants vi. The printouts have fluctuating surfaces and appearances. The distinction in surface and appearance is because of the various materials that are blended to make the items. For example, elastic and plastic materials have various surfaces and appearances (3D Systems Polska, 2014) I. Rapid preparing power. The printer produces gatherings proficiently per unit time. Accordingly, it can join multi-materials rapid guaranteeing accommodation in consistent and work escalated mechanical exercises ii. Past adaptations may have been parting printing tasks into various stages. Nonetheless, the 5500x innovation based printer consolidates a few activities into one procedure, a viewpoint that further upgrades effectiveness iii. The printer has an appended multi year guarantee that ensures the client of the nature of the item. In this way, buyers are satisfied with the item since they can generally advance accruable whines to the concerned makers The printer can deliver extensively enormous printouts by utilizing the progressed 5500x printing innovation. Contrasted with the results of past printers, the 5500x congregations are 60 percent bigger. Multi-materials are delivered by excellence of the multi-fly printing innovation that makes quality composite materials of various hues and fixings. The innovation is equipped for delivering machines with various hues and materials. Speed is additionally a basic useful segment of the printer’s capacities. Sound system lithography is the premise of activity showed by most printers. PC Aided Design utilizes laser shafts to make or print to deliver the ideal 3D gatherings. The ProJet 5500x utilizations a similar rule of activity. Nonetheless, the new 3D printing innovation is of a higher preparing speed when contrasted with different printers. Its center working

The Essay Expert Presents How to Write a Killer LinkedIn Profile - Wednesday April 6, 1200pm CST

The Essay Expert Presents How to Write a Killer LinkedIn Profile - Wednesday April 6, 1200pm CST Some of you have been on my LinkedIn webinars before. At least one of you got a call from a recruiter one week after making the changes I suggested just from listening to the webinar!   Want to hear the recording of my last webinar?   Click on   How to Write a Killer LinkedIn Profile. Your next opportunity to hear me present LIVE is this Wednesday, April 6, 2011 at 12:00pm Central time.     Why would you want to attend this webinar? If you are a professional in any industry, you simply cant afford to have a mediocre LinkedIn profile. Your potential employers will all be scrutinizing your profile, and you want to make a great impression. In this webinar, I will take you through the most important sections of your profile and the most important strategies for getting found. Topics covered: • Why care about LinkedIn? • Whats the point of 500+ connections? • What should I write in my headline to get found? • What should I write in my Summary? • What are LinkedIn applications and how do I use them? • How do I add LinkedIns new sections to my profile? • How can I make the most of LinkedIn groups? Join me and Robert Shindell of ilostmyjob.com to learn the answers to these questions and make a Killer impression on the people who find you on LinkedIn. Wednesday April 6th 12:00pm CST

Hiring an Independent College Counselor

10 Tips for Choosing an Independent College Counselor Previously, we gave you a list of ways that you can work with your high school college counselor during the college admissions process. For families seeking additional guidance, it may be helpful to also use an independent college counselor. An independent counselor can supplement your school’s guidance efforts by providing personalized guidance throughout the college admissions process including creating a balanced college list, compiling and formatting the resume, preparing for interviews and college visits, explaining the admissions process, and brainstorming and editing components of the application including the essays and personal statement. At, we guide students and their families through every step of the school admissions process, from identifying the schools that will be the best academic and social fits for them to creating applications that portray the best and most accurate representation of who they are to the admissions committees at their targeted schools. If you are interested in hiring an independent counselor, look for the following criteria: Full membership with the IECA (Independent Education Consultants Association), and ideally a member of NACAC (National Association of College Admissions Counselors) A certificate in college counseling, a master’s degree in education, or a certified education planner Experience working in a selective college’s admissions office or for a competitive high school’s college counseling office Ongoing professional development such as attendance (and participation/presenting) at college admissions conferences Contributes to the profession regularly via articles, books, online tools, blogs, podcasts, webinars, television, social media, newsletters, etc. Has visited at least 100 colleges and universities and continues to visit about 10 per year to stay up-to-date with the latest college information Tip: Ask him or her which colleges he or she has visited in the last 3 years Ability to see their history of success and get testimonials easily What counseling methodology does he or she use? Counseling sessions should be followed up with comprehensive notes and clear next steps. Parents should be kept in the loop and the counselor should be accessible during after-work hours and on weekends, especially during the busy application season Follows standards of ethics and good practice – does he or she know about these guidelines and follow them? These standards should be posted in their office Willingness to work in collaboration with your school guidance counselor An independent counselor should not: Contact an admissions office on behalf of the student Promise admission to a particular school Write or overly-edit essays for the student Receive any compensation from educational institutions One of the most important parts of the college admissions process is learning about yourself and identifying what you want from your education. Whether or not you decide to work with an independent college counselor, surround yourself with those who encourage you to believe in yourself, both academically and personally and you will ultimately go wherever your hard work and dedication take you.

Buds Big Blue Manufacturing Case - Free Essay Example

Sample details Pages: 4 Words: 1208 Downloads: 7 Date added: 2017/09/18 Category Management Essay Type Argumentative essay Tags: Manufacturing Essay Did you like this example? 1. ) After performing any alternative procedures, the auditor should evaluate the combined evidence provided by the confirmations and the alternative procedures to determine whether sufficient evidence has been obtained about all the applicable financial statement assertions. In performing that evaluation, the auditor should consider (a) the reliability of the confirmations and alternative procedures; (b) the nature of any exceptions, including the implications, both quantitative and qualitative, of those exceptions; (c) the evidence provided by other procedures; and (d) whether additional evidence is needed. If the combined evidence provided by the confirmations, alternative procedures, and other procedures is not sufficient, the auditor should request additional confirmations or extend other tests, such as tests of details or analytical procedures. (AU 330) Paragraph . 09 of section 326, Audit Evidence, states that the auditor should consider the reliability of the infor mation to be used as audit evidence. Confirmations obtained electronically can be considered to be reliable audit evidence if the auditor is satisfied that (a) the electronic confirmation process is secure and properly controlled, (b) the information obtained is a direct communication in response to a request, and (c) the information is obtained from a third party who is the intended respondent. 2. ) During the performance of confirmation procedures, the auditor should maintain control over the confirmation requests and responses. Maintaining control means establishing direct communication between the intended recipient and the auditor to minimize the possibility that the results will be biased because the interception and alteration of the confirmation requests or responses. The possibility that results will be biased based on interception and alteration of the confirmation requests and responses, is a prospect of what can go wrong if the auditor does not maintain control ove r the confirmation process. 3. ) Confirmation #Date SentDate ReceivedDifference Noted By Customer? Is the noted difference a misstatement Has sufficient evidence been obtained that confirms the client’s recorded balance? If no, describe additional procedures you believe should be performed. 711/12/091/22/09YesNoYes 721/12/092/5/09NoNoYes 731/12/091/26/09NoNoYes 741/12/092/9/09N/AN/AFollow up why they didn’t follow procedure and mail directly back to auditing firm. 751/12/092/6/09NoNoYes 761/12/091/30/09NoNoNo. Investigate BBB stamp on paper. Date received day after that noted on stamp 771/12/091/19/09YesYesCheck cash receipts. 4. ) Confirmation is the process of obtaining and evaluating a direct communication from a third party in response to a request for information about a particular item affecting financial statement assertions. Negative confirmation is a written request by the external auditor sent to a party having a financial relationship with the client a nd asking for a reply only in the case of disagreement. The negative form requests the recipient to respond only if he or she disagrees with the information stated on the request. Negative confirmation requests may be used to reduce audit risk to an acceptable level when (a) the combined assessed level of inherent and control risk is low, (b) a large number of small balances is involved, and (c) the auditor has no reason to believe that the recipients of the requests are unlikely to give them consideration. The auditor should consider performing other substantive procedures to supplement the use of negative confirmations. Negative confirmation requests may generate responses indicating misstatements, and are more likely to do so if the auditor sends a large number of negative confirmation requests and such misstatements are widespread. The auditor should investigate relevant information provided on negative confirmations that have been returned to the auditor to determine the effect such information may have on the audit. If the auditors investigation of responses to negative confirmation requests indicates a pattern of misstatements, the auditor should reconsider his or her combined assessed level of inherent and control risk and consider the effect on planned audit procedures. Although returned negative confirmations may provide evidence about the financial statement assertions, unreturned negative confirmation requests rarely provide significant evidence concerning financial statement assertions other than certain aspects of the existence assertion. Positive confirmation is a written or oral request by the auditor of a party having financial dealings with the client about the accuracy of an item. A response is required whether the particular item is correct or incorrect. A positive confirmation can be sent to customers to verify account balances. Some positive forms request the respondent to indicate whether he or she agrees with the information stated on the request. Other positive forms, referred to as blank forms, do not state the amount (or other information) on the confirmation request, but request the recipient to fill in the balance or furnish other information. Positive forms provide audit evidence only when responses are received from the recipients; non responses do not provide audit evidence about the financial statement assertions being addressed. Since there is a risk that recipients of a positive form of confirmation request with the information to be confirmed contained on it may sign and return the confirmation without verifying that the information is correct, blank forms may be used as one way to mitigate this risk. Thus, the use of blank confirmation requests may provide a greater degree of assurance about the information confirmed. However, blank forms might result in lower response rates because additional effort may be required of the recipients; consequently, the auditor may have to perform mor e alternative procedures. 5. ) A real-life situation where an auditor apparently did not maintain sufficient control over the confirmation process, was an incident in 1994, where Sky Scientific, Inc. ramatically overstated assets and understated expenses in its financial statements. An SEC investigation into those financial statements led to charges being filed against both the company and its auditors. This case takes a detailed look into the independent audit of Sky’s financial statements for the purpose of understanding how the auditors failed to see the extent to which Sky’s financial reporting was misleading and to adequately challenge the assertions presented in the financial statements before Sky filed them with the SEC. This case provides an opportunity to examine numerous issues related to the audit engagement process, including audit planning, the evaluation of management representations, audit evidence and the confirmation process. The roles and responsib ilities of the concurring auditor and an outside specialist are also discussed. SEC Charges In late July 1994 a senior geologist on the Commission’s staff visited some of Sky’s California and Nevada mining operations. At three of those properties she found no evidence of current or recent mining activity, no equipment, and no personnel. At another mine she found equipment and personnel but no tailings that might indicate that recent operations had existed. As a result of these observations and the recent filing of Sky’s audited financial statements, the SEC opened its investigation of Sky on August 26, 1994. In 1999 the SEC charged several members of Sky management with fraudulent accounting practices and for filing false and misleading financial statements with the Commission. They also charged American Capital Network and Robert Schlien with violations of several federal securities laws. Barry Scutillo and Mark Jensen were charged with engaging in improp er professional conduct in that they intentionally, knowingly and recklessly violated the applicable professional standards when auditing a public company. Specifically, Scutillo and Jensen were charged with recklessly failing to see that most of Sky’s assets were fictitious or massively overvalued and that millions of dollars in expenses had not been recorded on Sky’s books. Don’t waste time! Our writers will create an original "Buds Big Blue Manufacturing Case" essay for you Create order