San francisco — signaling their intent to crack down on corporate coverups, federal authorities thursday arrested a former ernst & young partner on charges the accountant tampered with records providing insights into the collapse of online credit card issuer nextcard inc. Nextcard case group presentation by wayrnest elizabeth on 1 july 2013 tweet transcript of nextcard, inc notes ideas ideas nextcard, inc group 3 heri siringo-ringo john andrews simanjuntak jannes manurung nemytha eunice wayrnest elisabeth nextcard, inc view point jeremy lent central problem. During the early 1990s, the cfo of providian financial corporation, which ranked among the largest financial service company, is jeremy lent providian financial corporation used direct-mail marketing method to identify and then recruit customers, individuals who made extensive use of credit cards.
Section 1 comprehensive cases case 11 enron corporation case 12 lehman brothers holdings inc case 13 just for feet, inc case 14 health management, inc. Auditing cases by michael c knapp, 9780324375053, available at book depository with free delivery worldwide. Questions: 1 - nextcard case introduction should auditors evaluate the soundness of a client’s business model defend your answer the auditor’s responsibility is not to evaluate a client’s business model but to have a sufficient understanding of the entity an auditor needs a sound and comprehensive understanding of the client’s business and industry to develop.
Nextcard was an internet-based provider of consumer credit founded in 1996 with a mission to revolutionize the credit card industry with its online application and approval process their product, nextcard visa, was promoted as the first true internet visa and was marketed exclusively through the company website. Nextcard, inc week three assignment one: next card, inc james erkhart professor: ashley harper contemporary auditing april 28, 2013 this research will show that they are still individuals will try to make a name for themselves. Thomas trauger, former partner with ernst & young, is arrested and charged with destroying and altering audit work papers related to federal probe of bank subsidiary of nextcard inc, consumer loan.
Case 16 nextcard, inc jeremy lent, a chief financial officer (cfo) with providian financial corporation decided to apply the marketing tactics used by providian to establish an internet based company to offer internet users a faster way to obtain credit cards. Throughout the case, trauger and company violated a few of the auditing standards first, let us start with the reason why trauger wanted to change the workpapers with the major losses of nextcard, trauger had the responsibility to detect these losses and present it in his report. 内容提示： 1 auditing and assurance services accounting 5330, summer ii - 2007 cashion building 209 m-f 12:30– 2:00 professor: phone: office hours: e.
Nextcard, inc 595 market street, suite 1800 san francisco, california 94105 in such case, the trading price of our common stock could decline and you may lose all or part of your investment. Tierra, michael, tommy, and hee jung nextcard, inc background how it happened early 1990s, jeremy lent served as the cfo of providian financial corporation 1997 husband-and-wife, jeremy and molly lent, founded the internet-based nextcard, inc. Case 2a uploaded by attitude, pressure or incentive, and opportunities attitude is that the nextcard inc, did not honest report the 2000 workpapers but altered and revised it and the management want keep the top profit at credit service business pressure or incentive means that nextcard inc, the had bad operating losses in 2000 year. Case 12 just for feet, inc 23 in the fall of 1999, just a few months after reporting a record profit for fiscal 1998, just for feet collapsed and filed for bankruptcy.
Case 16 nextcard, inc the 2000 audit had several fraud risk factors based on how the case unfolded among them is that the company never registered profits. Were shredding enron workpapers, three senior members of the nextcard, inc, audit engagement team were altering the fiscal 2000 audit workpapers of that san francisco-based company nextcard was founded during the late 1990s by jeremy lent, the former chief financial officer. Case:virtual immortality 70 3 content management 72 introduction 73 nextcard, inc 73 data representation 73 wal-mart trumps moore's law 264 8 information.