DEF Ltd is a global leader in the manufacture, integration and support of networking and telecommunications systems. The company sells broadband wireless products and a line of handset equipment to operators in emerging and established telecommunications markets worldwide. The auditor reported material weaknesses in the company’s internal controls to the audit committee. Significant deficiencies related to revenue and deferred revenue accounts and the associated cost of sales were noted. These material weaknesses were evidenced by the identification of six separate transactions aggregating approximately $5 million in which revenue was initially included in the Company’s financial statements before all criteria for revenue recognition were met. In addition, there were other transactions for which there was insufficient initial documentation for revenue recognition purposes, but which did not result in any adjustments to the Company’s financial statements. If unremediated, these significant deficiencies have the potential of misstating revenue in future financial periods. The Company’s planned remediation measures reported to the audit committee include the following: a. The Company plans to design a contract review process in China requiring financial and legal staff to provide input during the contract negotiation process to ensure timely identification and accurate accounting treatment of nonstandard contracts.
By telling us who the Finches are, the author gives us a sense of where they fit in. At the same time, she gives us an understanding of how Atticus is something of a rebel because he does not take his expected role in society -- he doesn't act like part of the elite.
La condena de ejecución condicional significa una advertencia a quien delinque por primera vez, al tiempo que evita los riesgos señalados con el cumplimiento efectivo de esa pena.
Good Morning(or afternoon). You should take as much respect as you give. If someone gives you somehting you should give them something back. We all should be nice and respectful to each other.
