Tag: investigation

ACCOUNTING Investigation INSTITUTE (ARI HICoE)

ACCOUNTING Investigation INSTITUTE (ARI HICoE)

In Part 1 I introduced Valeant Pharmaceuticals and its enterprise model which is to acquire pharmaceutical firms, strip them of their research expense and earn really higher gross margins on sales.

For me, all of this was quite concerning as I have had to get iron infusions for anemia in the past. Fortunately I had just had infusions and had actually very good ferritin levels or I believe this would have been far far more serious. They tested my ferritin (that only one particular month ahead of had been excellent) and it was all gone! That has by no means occurred to me prior to and the medical professional and nurse had been also stunned by the drop in my levels. Of course, understanding I had to restart iron infusions at the cancer center right after possessing such very good levels only a month ahead of left me overwhelmed and even depressed. I broke down.

The fund accountant/administrator should reconcile his books bak to the Custody records on a normal basis, typically on a every day basis. Ideal practice is that this reconciliation is completed as often as the fund is valued. So for day-to-day valued funds, the reconciliation need to be completed every day. For weekly funds, the reconciliation must be completed at least weekly and so on.

It is been a excellent semester (regardless of all the snow). I have pushed you difficult and you have responded wonderfully effectively. No 1 threw a chair at me and I usually consider that a victory. I believe you are all better, more knowledgeable, much more thinking people than when we first began this voyage way back in January.…