Questions from General Auditing


Q: John and Mary Andersen immigrated to the United States from their native

John and Mary Andersen immigrated to the United States from their native Norway in 1881. The young couple made their way to the small farming community of Plano,Illinois, some 40 miles southwest of do...

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Q: As a small child, Brooklyn native David Brooks loved horses.

As a small child, Brooklyn native David Brooks loved horses. 1 In 1969, when he was 14 years old, Brooks went to work at a local racetrack as a groom to help support his family. Brooks loved the toug...

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Q: From 1962 to 1992, Ed McMahon served as the quintessential sidekick

From 1962 to 1992, Ed McMahon served as the quintessential sidekick and straight man to Johnny Carson on the long-running and popular television program The Tonight Show. After leaving that program, M...

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Q: Bernard Lawrence Madoff was born on April 29, 1938, in

Bernard Lawrence Madoff was born on April 29, 1938, in New York City. Madoff spent his childhood in a lower middle-class neighborhood in the borough of Queens. After graduating from high school, Madof...

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Q: A desire to be their “own bosses” and a burning

A desire to be their “own bosses” and a burning entrepreneurial spirit compelled John Orecchio and Paul Oliver to leave the ranks of well-paid, white-collar employees and strike out on their own. In F...

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Q: Auditors commonly find themselves facing situations in which they must persuade client

Auditors commonly find themselves facing situations in which they must persuade client executives to do something they absolutely and resolutely do not want to do. When all else fails, auditors may be...

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Q: Jack Nicklaus electrified sports fans worldwide in 1986 when he won the

Jack Nicklaus electrified sports fans worldwide in 1986 when he won the prestigious Masters golf tournament at the ripe old age of 46. Over the previous several years, the “Golden Bear” had been strug...

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Q: Grand Theft Auto ranks among the best-selling video games of

Grand Theft Auto ranks among the best-selling video games of all time as well as one of the most controversial. 1 By the time Grand Theft Auto V was released in 2013, over 125 million copies of the v...

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Q: The Great Depression dealt a devastating blow to Billy Durant. During

The Great Depression dealt a devastating blow to Billy Durant. During the depths of the Depression in 1936, Durant, a high school dropout who was born a few months after the outbreak of the Civil War...

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Q: Over the past few decades, hedge funds have become among the

Over the past few decades, hedge funds have become among the most controversial and largest investment vehicles on Wall Street. Critics of hedge funds argue that their high-risk investment strategies...

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