Anthropologists have made numerous contributions to the study of sex, gender, and inequality, as you saw in chapter 12. The National Geographic documentary video, “India’s Third Gender Movement” and the VICE video “Mexico’s Third Gender” take a closer look at societies with more than two genders and the level of acceptance in those societies. Choose one and answer the following questions.

 

Instructions:

 

When you are done watching the video answer the following questions by referring to specific information from the video when appropriate, NOT other sources:

What is the difference between sex and gender?

According to the video, why does the society featured have more than one gender, and does it improve the lives of non-binary individuals in those societies?

How many genders do you think our society has?

 

Your answers should be around 300 words long, not including the questions, and use details from the film and terms from the book.

 

https://www.youtube.com/watch?v=PmWICmK37b4

https://www.youtube.com/watch?v=1Bhp7i7WNcM

 

Terms from the book:

Power

Political anthropology

Free agency

Ideology

Domination

Hegemony

Biopower

Governmentality

 

This case gives students an opportunity to (1) understand the process of evaluating identified control deficiencies; (2) understand the annual disclosure requirements for management’s report on internal control over financial reporting (ICFR); and (3) determine the effect of identified control deficiencies on other controls. Students are required to read the case and address the five questions listed on the last page.

1. Briefly explain the misstatements made in the company financial statement. How did ‘accepting a vendor change request and making payments to an incorrect bank account’ affect the Accounts Payable balance?

2. According to PCAOB Auditing Standard (AS 2201) (https://pcaobus.org/Standards/Auditing/Pages/AS2201.aspx), what factors should auditors consider when evaluating the severity of a deficiency in a control that directly addresses a risk of material misstatement?

3. PCAOB AS 2201 distinguishes the difference between a deficiency in design and a deficiency in operation. First, explain what auditors should consider when making the distinction. Second, determine whether the Assistant Controller’s failure to adequately review the Vendor Change Form represents a deficiency in the design or operating effectiveness of the control.

4. Based on guidance in AS 2201, determine if the failure in the vendor request change form control indicative of a material weakness in internal control over financial reporting. Consider both quantitative and qualitative factors.

5. SEC Regulation S-K requires that management provide a report on a registrant’s ICFR in the company’s Form 10-K. Assuming the company and the auditor concluded that this internal control failure indicates a material weakness in internal control, what information would the company management be expected to disclose?

6. Assuming the company and the auditor concluded that this internal control failure is not severe enough to be a material weakness but indicates a significant deficiency in internal control, explain the next steps for auditors. What kinds of obligation auditors have in terms of communicating the results (e.g. To whom do they report? And How?) Compare and contrast with the case of material weakness.

7. Assume the auditor believe the deficiency is a material weakness, but the company pleads that a material weakness in internal controls will greatly damage the company’s reputation. The company notifies the auditor that the company will consider changing the auditor in the subsequent year if the auditor concludes the deficiency is a material weakness. ABC Retailers Inc. is an important client for the auditor, and losing the client will have a nontrivial impact on the auditor’s revenue. What should the auditor do? Based on what we learned in Module B and C of the textbook, explain possible consequences for the auditor who agrees to issue a more favorable report in order to retain the client. (The situations described in 5, 6, and 7 are independent from one another.) The list above does not present a complete list of issues related to the topic. You may additionally discuss other issues relevant to the audit process of internal control in your paper.

 

 

Case 5: Viagra in China

1. Despite a huge potential market and strong  consumer demand for erectile dysfunction (ED) drugs in China, why has  Pfizer failed to generate blockbuster sales for Viagra?

2.  What are the major factors that have contributed to Pfizer’s ultimate success in securing its patent right for Viagra in China?

3.  What are the major factors that have  contributed Pfizer’s failure in claiming “Weige” as its unregistered well-known trademark in China?

4.  What are some alternative market entry strategies that Pfizer could have pursued to improve the sales performance of Viagra, and to avoid the costly lawsuits over its patent and trademark in China?