Prefab Sprout Company

Essay specific features

 

Issue:

Business

 

Written by:

Dana W

 

Date added:

December 28, 2010

 

Level:

University

 

Grade:

B

 

No of pages / words:

6 / 1554

 

Was viewed:

4667 times

 

Rating of current essay:

 
Essay content:

With the president, the vice president and the treasurer being members of the Warner family, it is doubtful whether the objectivity and the reliability of Prefab’s internal control system can be guaranteed. Moreover, family members are financially involved in the Sun Atlantic Bank which provides Prefab with loans, as well as in JRW Realty, Prefab’s most important purchaser of modular home developments...
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Moreover, family members are financially involved in the Sun Atlantic Bank which provides Prefab with loans, as well as in JRW Realty, Prefab’s most important purchaser of modular home developments. Consequently, there is a risk that transactions between these more or less affiliated parties are not carried out at arm’s length (Knechel et al...
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