This website uses cookies to ensure you have the best experience. Learn more

Management Consultancy 2015 Edition Chapter 5

3496 words - 14 pages



I. Questions

1. “Role” refers to the relationship of the CPA as a consultant to the client management and personnel. The basic role of the CPA in performing MAS is to provide advice and technical assistance to the client.

2. Practice standards are necessary in the consulting practice in order to promote the highest quality of performance of the practitioner.

3. Refer to page 71, par 2

4. Refer to page 71, par(s) 4 and 5

5. Refer to page 72, par 3

6. Refer to page 73, par 1

7. Refer to page 74, par(s) 2 to 4

8. Refer to page 75, par(s) 2 to 6

9. Refer ...view middle of the document...

Privately held company in which the president is the owner: Discuss the matter with the president who, as owner, can make the decision.
2. Company with several shareholders in which the president holds a controlling number of shares: Discuss the matter with the president. If the president accepts the recommendation and resigns, the problem is resolved. Otherwise, the matter should be discussed with the chairman of the board and the board of directors.
3. A large publicly held company: The tendency here is to step over the president and go directly to the chairman of the board. This is unwise. You have a responsibility to discuss it first with the president.

Case 3

The honest and ethical solution is to tell it as it is. The most tactful approach is to make a full disclosure to the president privately, pointing out the vast growth of the company and the tremendous changes in technology that have occurred since he, as controller, installed the system. If he understands the danger in which he is putting himself with regard to a possible dissident shareholder, he probably will acquiesce and agree to go forward. If he doesn’t, and this is a privately held company in which he has control, you have accomplished your task. In a publicly held company, you may need to report the problem to the chairman of the board if the impact on the annual report is serious.

Case 4

Professional ethics requires that you accept only those engagements which are felt to be beneficial to the client. Clearly, if the results of the study are favorable, the client will be benefited. There is only a 50 percent chance, however, that this will result. The question, therefore, is whether a 50 percent chance of benefit is sufficient to pursue the study. Many consultants would answer yes to this question and accept the engagement because of the potential profit. The consultant who faced this situation declined the engagement and suggested that the client should use the money set aside for the feasibility study to employ an advertising firm to help them sell the bonds. This decision was justified by what the consultant thought was the client’s best interest.

Case 5

Ethical conduct requires that you not misrepresent facts and never subordinate judgment to others. Further, you should not serve a client under terms or conditions that might impair objectivity, independence, or integrity, and you should reserve the right to withdraw if conditions develop that interfere with successful conduct of the assignment.

The consultant who was faced with this situation refused to follow the direction of the president, and the president refused to pay the consultant’s fee. The president wanted to use the consultant as a means for firing a vice president. Ultimately, the fee was settled and no report was issued.

Case 6

Professional ethics require honesty, integrity, and placing the interests of the...

Other Papers Like Management Consultancy 2015 Edition Chapter 5

Maanaging Across Borders - Company Report

6986 words - 28 pages Company report on cross border offshoring management, cultural dimensions and gamification Table of Contents Table of Contents Executive Summary | p.5 | Chapter I – Introduction1.1 Purpose of the Report1.2 Effects of Globalization on Businesses’ 1.3 Company Background1.4 Outline of the Report | pp.6-7 | Chapter II – Cross Border and Offshoring Management 2.1 Introduction2.2 Defining culture2.3 Defining management and cross

Pest Analysis Of Cba

1960 words - 8 pages Citizenship Textbooks and resources | PRESCRIBED TEXTBOOKS Book | Cornerstones of Cost Management | Author | D. Hansen and M. Mowen | Edition | Third Edition | Year | 2015 | Country | USA | Publisher | Cengage Learning | You can view the textbook from the UniCOOP bookstore website. IT RESOURCES You will need access to the following IT resources: * Kent Student Email * Internet * Unit Website (Moodle) Referencing style

Entrepreneurship Plan

2617 words - 11 pages . | |4th Edition (2012) | | | | | | | |W3 |Topic 6: Developing an Effective Business Model (Part 2 ) |Tutorial 6 (Topic 5): |Mid-term test: |(Chapter 6

Business Managemnt

2654 words - 11 pages  his determination to make this huge industry more efficient by applying Henry Ford's management principles. He believes that a combination of economies of scale and specialisation can radically reduce the cost of heart surgery. His flagship Narayana 2/5 6/27/2015 First break all the rules | The Economist Hrudayalaya Hospital in the “Electronics City” district of Bangalore, not far from GE

Organizational Behavior

3679 words - 15 pages organizational settings. [ONLINE] Available at: [Accessed 15 November 2015]. 5. 4. Different approaches to management. 2015. Different approaches to management. [ONLINE] Available at: [Accessed 16 November 2015]. 6. 5. Leadership styles assignment. 2015

Strategic Management

2611 words - 11 pages portfolio rather than relying on few brand names such as Hellman’s, Knorr and Lipton. Graph 4.1 Growth - Share Matrix (Boston Consulting) market growth Personal Care (modest cash profits) Food (large cash profits) market share (vs nearest competitor) (Euromonitor International, 2015) 5. Unilever Ice Cream – Arena in Australia Table 5.1 2010-2014 (averaged) 2015 forecast 2015-2020 Data

Global Heat resistant Release Film Industry 2015 Market Research Report

1879 words - 8 pages Asia Heat resistant Release Film Process Development History 3.3 Asia Heat resistant Release Film Industry Policy and Plan Analysis 3.4 Asia Heat resistant Release Film Competitive Landscape Analysis 3.5 Asia Heat resistant Release Film Market Development Trend Chapter Four 2010-2015 Asia Heat resistant Release Film Productions Supply Sales Demand Market Status and Forecast 4.1 2010-2015 Heat resistant Release Film Capacity Production

Global Fluorinated Polymer Industry 2015 Market Research Report

1643 words - 7 pages analysis, and investment return analysis. The report includes six Parts, dealing with: 1.) basic information; 2.) the Asia Fluorinated Polymer industry; 3.) the North American Fluorinated Polymer industry; 4.) the European Fluorinated Polymer industry; 5.) market entry and investment feasibility; and 6.) the report conclusion.” Part I Fluorinated Polymer Industry Overview Chapter One Fluorinated Polymer Industry Overview 1.1 Fluorinated

Management Science or Arts

2558 words - 11 pages : Training, Developing and Motivating People by Richard Barrett - Business & Economics - 2003. - Page 51. 5. Compare: Holmes, Leonard (2012). The Dominance of Management: A Participatory Critique. Voices in Development Management. Ashgate Publishing, Ltd. p. 20. ISBN 9781409488668. Retrieved 2015-08-29. 6. What is Management Science? Lancaster University, 2008. Retrieved 5 June 2008. 7. What is Management Science Research? University of

Is Consultancy Aprofession or Not

2478 words - 10 pages . 1.1 Consultancy Management consulting grew with the rise of management as a unique field of study. The first management consulting firm was Arthur D. Little, founded in 1886 by the MIT professor of the same name and was incorporated in 1909. Though Arthur D. Little later became a general management consultancy, it originally specialized in technical research. Booz Allen Hamilton was founded by Edwin G. Booz, a graduate of the Kellogg School

Management Accounting

1339 words - 6 pages the problems at the end of each chapter when compared to the 12th Edition. The International Edition has different problems at the end of each chapter and should not be used. OBJECTIVES: By the end of this course, you should be able to: -understand and appreciate the valuable role of managerial systems in business organizations; -understand and apply basic cost concepts, inventory process systems, budgeting, and performance

Related Essays

Managing Information Essay

3933 words - 16 pages ...........................................................3 3. Information System as an Organizational and Management Solution.........3 4. Information Manager and Information System..........................................4 5. Environmental and Industrial Analysis.....................................................4 6. Recommended Information Systems for a Medium Sized Accountancy and Management Consultancy Firm

Science Investigatory Essay

1722 words - 7 pages Chapter 3 PAST 5. Investigation Period 6. Submission of Chapter 4 Dec 3 7. Submission of Chapters 5&6 Dec 14 8. Abstract, Table of Contents, Acknowledgement, Bibliography 8/27/2015 10 Oral Defense 9. 8/27/2015 Jan 7 Jan 14- Feb 8 13 8/27/2015 16 Ethics Statement… PHASE I : THE PROPOSAL (20 points) The proposal is a detailed written plan of how the project will be done. It is like designing an

Midterm Report

4103 words - 17 pages Email: Chairman of the Board of Directors: Mr. Quach Thanh Dan General Director: Mr. Nguyen Van Sang Slogan: “Ever Value Growth” 1.2.1. Functions * * Consultancy * Investment Consultancy * Consultancy on Enterprise * Administrative Management * Legal Consultancy * M&A Consultancy * Real Estate Consultancy * Franchising Consultancy * Export – Import * Customs Broker

Global Sumicrystal Industry 2015 Market Research Report

1516 words - 7 pages analysis. The report includes six Parts, dealing with: 1.) basic information; 2.) the Asia Sumicrystal industry; 3.) the North American Sumicrystal industry; 4.) the European Sumicrystal industry; 5.) market entry and investment feasibility; and 6.) the report conclusion.” Part I Sumicrystal Industry Overview Chapter One Sumicrystal Industry Overview 1.1 Sumicrystal Definition 1.2 Sumicrystal Classification Analysis 1.2.1 Sumicrystal Main