Misha, Gretchen, and Sam were stranded on a mountainside after their plane went down in a snow storm. They had no means of radio communication and virtually no food or other supplies. After 18 days, Misha and Gretchen killed Sam, the weakest survivor
Misha and Gretchen ate Sam. This allowed them to survive until they were rescued. After they were rescued, they were charged with premeditated first degree murder under the relevant state statute. Discuss the three schools of jurisprudence and how each would influence a finding of guilt or innocence for the three charged.
The three theories of jurisprudence are legal positivism, natural law, and legal realism. The legal positivism would say the law is the law. Therefore Misha and Gretchen are guilty and must pay the consequences of the state statute. The natural law supporter would argue that in this instance the law is unjust and need not be obeyed because of the desperate circumstances. The legal realists would argue that the case will be influenced by the judges' and jury's income, education, family background, race, religion, and other factors which they bring to the case.
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Which of the following is not true?
a. Management may outsource their organizations' IT functions, but they cannot outsource their management responsibilities for internal control. b. Section 404 requires the explicit testing of outsourced controls. c. The SSAE 16 report, which is prepared by the outsourcer's auditor, attests to the adequacy of the vendor's internal controls. d. Auditors issue two types of SSAE 16 reports: Type I report and Type II report.
The tolerable failure rate is the level at which the control's failure to operate would cause the auditor to conclude that the control is not effective and would likely change the auditor's planned assessment of control risk in performing tests of account balances
a. True b. False Indicate whether the statement is true or false
The number of days' payable is determined by dividing
A) the number of days in a year by the payables turnover. B) the number of days in a year by average accounts payable. C) cost of goods sold by average accounts payable. D) inventory by average accounts payable.
Period costs can refer to expenditures necessary to manufacture products during the time period.
Answer the following statement true (T) or false (F)