{"product_id":"private-equity-history-governance-and-operations-hardback-9781118138502","title":"Private Equity; History, Governance, and Operations (Hardback) 9781118138502","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003ePrivate Equity\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eHistory, Governance, and Operations\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHarry Cendrowski (Author), Louis W. Petro (Author), James P. Martin (Author), Adam A. Wadecki (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118138502, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 11 May 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e384 pages\u003cbr\u003e23.6 x 16.1 x 3.1 cm, 0.594 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eAn authoritative guide to understanding the world of private equity (PE) investing, governance structures, and operational assessments of PE portfolio companies\u003c\/b\u003e  \u003cp\u003eAn essential text for any business\/finance professional's library, \u003ci\u003ePrivate Equity: History, Governance, and Operations, Second Edition\u003c\/i\u003e begins by presenting historical information regarding the asset class. This information includes historical fundraising and investment levels, returns, correlation of returns to public market indices, and harvest trends. The text subsequently analyzes PE fund and portfolio company governance structures. It also presents ways to improve existing governance structures of these entities. A specific focus on portfolio company operations, including due diligence assessments, concludes the text.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eSeamlessly blends historical information with practical guidance based on risk management and fundamental accounting techniques\u003c\/li\u003e \u003cli\u003eAssists the book's professional audience in maximizing returns of their PE investments\u003c\/li\u003e \u003cli\u003eHighly conducive to advanced, graduate-level classroom use\u003c\/li\u003e \u003cli\u003ePurchase of the text includes access to a website of teaching materials for instructional use\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eLearn more about PE history, governance, and operations with the authoritative guidance found in \u003ci\u003ePrivate Equity: History, Governance, and Operations, Second Edition\u003c\/i\u003e.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eModule I The Private Equity Model and Historical Information\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction to Private Equity 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 3\u003c\/p\u003e \u003cp\u003eWhat Is Private Equity? 4\u003c\/p\u003e \u003cp\u003eGeneral Terms and Brief Overview 5\u003c\/p\u003e \u003cp\u003eThe Limited Partner Agreement and General Partner Incentives 12\u003c\/p\u003e \u003cp\u003ePrivate Equity Firm Structure and Selected Regulations 15\u003c\/p\u003e \u003cp\u003eTypes of Private Equity Investment 20\u003c\/p\u003e \u003cp\u003eThe Private Equity Fundraising Process 22\u003c\/p\u003e \u003cp\u003eRecent Fundraising Trends 25\u003c\/p\u003e \u003cp\u003eGeneral Partner Investment Restrictions 26\u003c\/p\u003e \u003cp\u003eConclusion 28\u003c\/p\u003e \u003cp\u003eNotes 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Overview of Historical Trends 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 29\u003c\/p\u003e \u003cp\u003eA Brief History of Private Equity 29\u003c\/p\u003e \u003cp\u003ePrivate Equity at the Turn of the Century 33\u003c\/p\u003e \u003cp\u003eVenture Capital Investment and Returns by Fund Stage 39\u003c\/p\u003e \u003cp\u003eVenture Capital and Buyout Returns by Fund Size 43\u003c\/p\u003e \u003cp\u003eSecondary Funds 45\u003c\/p\u003e \u003cp\u003eConclusion 48\u003c\/p\u003e \u003cp\u003eNotes 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Trends in Private Equity 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 51\u003c\/p\u003e \u003cp\u003eA Changing Tide 51\u003c\/p\u003e \u003cp\u003eOverall Industry and Fundraising Trends 54\u003c\/p\u003e \u003cp\u003eSelected Regulatory Changes and Proposals 60\u003c\/p\u003e \u003cp\u003eRise of Strategic Buyers 64\u003c\/p\u003e \u003cp\u003eConclusion 66\u003c\/p\u003e \u003cp\u003eNotes 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Harvesting Private Equity Investments Through Initial Public Offering 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInitial Public Offerings 69\u003c\/p\u003e \u003cp\u003eBasics 69\u003c\/p\u003e \u003cp\u003eInitial Steps in the ‘‘Going Public’’ Process 72\u003c\/p\u003e \u003cp\u003eRole of the Securities and Exchange Commission and State Policing Bodies 75\u003c\/p\u003e \u003cp\u003ePost-IPO Underwriter Responsibilities 77\u003c\/p\u003e \u003cp\u003eRegistration Documents 78\u003c\/p\u003e \u003cp\u003eHistorical Trends 79\u003c\/p\u003e \u003cp\u003eSummary 83\u003c\/p\u003e \u003cp\u003eNotes 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Legal Considerations in Initial Public Offerings 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 85\u003c\/p\u003e \u003cp\u003eInitial Public Offering 86\u003c\/p\u003e \u003cp\u003eIntroduction 86\u003c\/p\u003e \u003cp\u003ePotential Advantages 87\u003c\/p\u003e \u003cp\u003ePotential Disadvantages 89\u003c\/p\u003e \u003cp\u003eAdvance Planning Opportunities 91\u003c\/p\u003e \u003cp\u003eSelection of Advisors 91\u003c\/p\u003e \u003cp\u003eSecurities Counsel 92\u003c\/p\u003e \u003cp\u003eAccountants 92\u003c\/p\u003e \u003cp\u003eUnderwriters 93\u003c\/p\u003e \u003cp\u003eCorporate Housekeeping Matters 93\u003c\/p\u003e \u003cp\u003eAntitakeover Provisions 93\u003c\/p\u003e \u003cp\u003eManagement 94\u003c\/p\u003e \u003cp\u003eThe Initial Public Offering Process 94\u003c\/p\u003e \u003cp\u003ePrincipal Parties 94\u003c\/p\u003e \u003cp\u003ePrincipal Documents 96\u003c\/p\u003e \u003cp\u003eSelling Security Holder Documents 98\u003c\/p\u003e \u003cp\u003eThe Registration Process 100\u003c\/p\u003e \u003cp\u003ePossible Liabilities Faced by a Company and Its Directors and Officers 102\u003c\/p\u003e \u003cp\u003eLiabilities under Federal Securities Laws 102\u003c\/p\u003e \u003cp\u003eThe Sarbanes-Oxley Act and Dodd-Frank Act 105\u003c\/p\u003e \u003cp\u003ePublic Company Filing Obligations 107\u003c\/p\u003e \u003cp\u003eInitial Public Offering Alternative: Reverse Mergers 107\u003c\/p\u003e \u003cp\u003eAdvantages 107\u003c\/p\u003e \u003cp\u003eDisadvantages 108\u003c\/p\u003e \u003cp\u003eConclusion 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Harvesting Investments Through Mergers and Acquisitions 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 111\u003c\/p\u003e \u003cp\u003eM\u0026amp;A Basics 111\u003c\/p\u003e \u003cp\u003eTypes of Takeovers 112\u003c\/p\u003e \u003cp\u003eReverse Takeovers 113\u003c\/p\u003e \u003cp\u003eThe Takeover Process and Financial Advisor Selection 114\u003c\/p\u003e \u003cp\u003eAnalyzing Potential Buyers 115\u003c\/p\u003e \u003cp\u003eThe Sale Process 116\u003c\/p\u003e \u003cp\u003eThe Bidding Process 118\u003c\/p\u003e \u003cp\u003eReaching an Agreement 119\u003c\/p\u003e \u003cp\u003eHistorical M\u0026amp;A Trends 120\u003c\/p\u003e \u003cp\u003eConclusion 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Legal Considerations in Sale Transactions 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 123\u003c\/p\u003e \u003cp\u003eSale Transactions 124\u003c\/p\u003e \u003cp\u003ePrior to the Sale Transaction 124\u003c\/p\u003e \u003cp\u003eUse of an Investment Banker 124\u003c\/p\u003e \u003cp\u003eMarketing Process 125\u003c\/p\u003e \u003cp\u003eDue Diligence 125\u003c\/p\u003e \u003cp\u003eNegotiations Phase 125\u003c\/p\u003e \u003cp\u003eKey Deal Issues 126\u003c\/p\u003e \u003cp\u003eValuation and Pricing Issues 126\u003c\/p\u003e \u003cp\u003eSpecial Issues in Sales of Private Equity Fund–Owned Businesses 132\u003c\/p\u003e \u003cp\u003eSale and Acquisition Structure 134\u003c\/p\u003e \u003cp\u003eMerger 134\u003c\/p\u003e \u003cp\u003eAsset Purchase 135\u003c\/p\u003e \u003cp\u003eStock Purchase 135\u003c\/p\u003e \u003cp\u003eEmployee Incentive Issues 135\u003c\/p\u003e \u003cp\u003eCash Retention Bonus 135\u003c\/p\u003e \u003cp\u003eStock Bonuses 136\u003c\/p\u003e \u003cp\u003eRecapitalizations 137\u003c\/p\u003e \u003cp\u003eThe Sale Transaction Process 137\u003c\/p\u003e \u003cp\u003eLetter of Intent 137\u003c\/p\u003e \u003cp\u003eDisclosure of Acquisitions 138\u003c\/p\u003e \u003cp\u003eTime and Responsibility Schedule 138\u003c\/p\u003e \u003cp\u003eDefinitive Agreements 139\u003c\/p\u003e \u003cp\u003eNecessary Consents 140\u003c\/p\u003e \u003cp\u003eConclusion 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Intellectual Property and Private Equity 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 143\u003c\/p\u003e \u003cp\u003eIntellectual Property Rights and Remedies 143\u003c\/p\u003e \u003cp\u003ePatents 144\u003c\/p\u003e \u003cp\u003eTrademarks 146\u003c\/p\u003e \u003cp\u003eCopyrights 147\u003c\/p\u003e \u003cp\u003eTrade Secrets 148\u003c\/p\u003e \u003cp\u003ePre-Acquisition Due Diligence 149\u003c\/p\u003e \u003cp\u003eEstablished Barriers to Entry—Evaluating Investment Value 149\u003c\/p\u003e \u003cp\u003eFreedom to Practice—Assessing Risk of Proposed Acquisition 151\u003c\/p\u003e \u003cp\u003eCreating Intellectual Property Value During Management 152\u003c\/p\u003e \u003cp\u003eLeveraging and Monetizing Patent Rights 153\u003c\/p\u003e \u003cp\u003eBolstering Technological Advantages 153\u003c\/p\u003e \u003cp\u003eBoosting Brand Development Efforts 154\u003c\/p\u003e \u003cp\u003ePreserving Knowledge-Based Resources of the Workforce 155\u003c\/p\u003e \u003cp\u003ePositioning the Exit—Reverse Due Diligence 156\u003c\/p\u003e \u003cp\u003eMinimizing Exposure of Representations and Warranties 158\u003c\/p\u003e \u003cp\u003eNotes 159\u003c\/p\u003e \u003cp\u003e\u003cb\u003eModule II Governance Structures in Private Equity\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 The Private Equity Governance Model 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 163\u003c\/p\u003e \u003cp\u003eA New Model for Corporate Governance 163\u003c\/p\u003e \u003cp\u003eAn Analogy to Physics 167\u003c\/p\u003e \u003cp\u003eCorporate Governance and the Management of Crisis 168\u003c\/p\u003e \u003cp\u003ePublic Corporations and the Private Equity Model 171\u003c\/p\u003e \u003cp\u003eThe Magic of the Private Equity Governance Model 173\u003c\/p\u003e \u003cp\u003eConclusion 175\u003c\/p\u003e \u003cp\u003eNotes 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Value of Internal Control 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 177\u003c\/p\u003e \u003cp\u003eIntroduction to COSO and Internal Control 178\u003c\/p\u003e \u003cp\u003eCOSO Background 178\u003c\/p\u003e \u003cp\u003eInternal Control Defined 178\u003c\/p\u003e \u003cp\u003eComponents of Internal Control 179\u003c\/p\u003e \u003cp\u003eControl Environment 179\u003c\/p\u003e \u003cp\u003eRisk Assessment 182\u003c\/p\u003e \u003cp\u003eEnterprise Risk Management 183\u003c\/p\u003e \u003cp\u003eControl Activities 184\u003c\/p\u003e \u003cp\u003eInformation and Communication 186\u003c\/p\u003e \u003cp\u003eMonitoring 186\u003c\/p\u003e \u003cp\u003eLimitations of Internal Control 188\u003c\/p\u003e \u003cp\u003eControl Objectives and Control Components 189\u003c\/p\u003e \u003cp\u003eEffectiveness of Internal Control 190\u003c\/p\u003e \u003cp\u003eInternal Control and the Private Equity Firm 191\u003c\/p\u003e \u003cp\u003eValue of Internal Control for Private Equity Fund Operations 191\u003c\/p\u003e \u003cp\u003eValue and the Control Environment 193\u003c\/p\u003e \u003cp\u003eValue and Risk 194\u003c\/p\u003e \u003cp\u003eValue and Control Activities 194\u003c\/p\u003e \u003cp\u003eValue and Information and Communication 195\u003c\/p\u003e \u003cp\u003eValue and Monitoring 195\u003c\/p\u003e \u003cp\u003eValue of Internal Control for Target Companies 195\u003c\/p\u003e \u003cp\u003eOperational Value 196\u003c\/p\u003e \u003cp\u003eFinancial Reporting Value 197\u003c\/p\u003e \u003cp\u003eCompliance Value 197\u003c\/p\u003e \u003cp\u003eConclusion 198\u003c\/p\u003e \u003cp\u003eNotes 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Internal Control Evaluation 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 201\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 5 203\u003c\/p\u003e \u003cp\u003ePhase 1: Planning the Audit 204\u003c\/p\u003e \u003cp\u003eRisk Assessment 206\u003c\/p\u003e \u003cp\u003eScaling the Audit 206\u003c\/p\u003e \u003cp\u003eFraud Risk 206\u003c\/p\u003e \u003cp\u003eUsing the Work of Others 207\u003c\/p\u003e \u003cp\u003eMateriality 207\u003c\/p\u003e \u003cp\u003ePhase 2: Using a Top-Down Approach 208\u003c\/p\u003e \u003cp\u003eIdentifying Entry-Level Controls 208\u003c\/p\u003e \u003cp\u003eControl Environment 209\u003c\/p\u003e \u003cp\u003ePeriod-End Financial Reporting Process 209\u003c\/p\u003e \u003cp\u003eIdentifying Significant Accounts and Disclosures and Their Related Assertions 210\u003c\/p\u003e \u003cp\u003eUnderstanding Likely Sources of Misstatement 211\u003c\/p\u003e \u003cp\u003eSelecting Controls to Test 211\u003c\/p\u003e \u003cp\u003ePhase 3: Testing Controls 211\u003c\/p\u003e \u003cp\u003eTesting Design Effectiveness 212\u003c\/p\u003e \u003cp\u003eTesting Operating Effectiveness 212\u003c\/p\u003e \u003cp\u003eRelationship of Risk to the Evidence to Be Obtained 212\u003c\/p\u003e \u003cp\u003eSpecial Considerations for Subsequent Yearly Audits 213\u003c\/p\u003e \u003cp\u003ePhase 4: Evaluating Identified Deficiencies 213\u003c\/p\u003e \u003cp\u003ePhase 5: Wrapping Up 215\u003c\/p\u003e \u003cp\u003eForming an Opinion 215\u003c\/p\u003e \u003cp\u003eObtaining Written Representations 215\u003c\/p\u003e \u003cp\u003eCommunicating Certain Matters 216\u003c\/p\u003e \u003cp\u003ePhase 6: Reporting on Internal Controls 217\u003c\/p\u003e \u003cp\u003eConclusion 218\u003c\/p\u003e \u003cp\u003eNotes 218\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Financial Statement Fraud and the Investment Decision 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 219\u003c\/p\u003e \u003cp\u003eMoney Laundering 219\u003c\/p\u003e \u003cp\u003eCategories of Fraud 221\u003c\/p\u003e \u003cp\u003eWhat Is Fraud? 222\u003c\/p\u003e \u003cp\u003eThe Required Elements of Fraud 223\u003c\/p\u003e \u003cp\u003eFinancial Statement Attestation 225\u003c\/p\u003e \u003cp\u003eTax Return Preparation 225\u003c\/p\u003e \u003cp\u003eCompilation 226\u003c\/p\u003e \u003cp\u003eReview 226\u003c\/p\u003e \u003cp\u003eAudit 226\u003c\/p\u003e \u003cp\u003eRecommendations 227\u003c\/p\u003e \u003cp\u003eDo Not Rely Solely on Financial Statements 227\u003c\/p\u003e \u003cp\u003ePay Attention to Details 228\u003c\/p\u003e \u003cp\u003eFollow Up on Unexpected or Interesting Items 229\u003c\/p\u003e \u003cp\u003eMaintain Professional Skepticism 229\u003c\/p\u003e \u003cp\u003eExplanations Should Be Rational, Reasonable, and Verifiable 230\u003c\/p\u003e \u003cp\u003eWhat Do the Financial Statements Say about the Entity’s Ability to Meet Its Objectives? 230\u003c\/p\u003e \u003cp\u003eFraud and Due Diligence Procedures 231\u003c\/p\u003e \u003cp\u003eBackground Investigation of Key Employees 231\u003c\/p\u003e \u003cp\u003eTesting of Journal Transactions 232\u003c\/p\u003e \u003cp\u003eCheck File Metadata 232\u003c\/p\u003e \u003cp\u003eConclusion 233\u003c\/p\u003e \u003cp\u003eNotes 234\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Professional Standards 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 235\u003c\/p\u003e \u003cp\u003eFederal Trade Commission 235\u003c\/p\u003e \u003cp\u003eFederal Antitrust Legislation 235\u003c\/p\u003e \u003cp\u003eSherman Antitrust Act (1890) 236\u003c\/p\u003e \u003cp\u003eClayton Antitrust Act (1914) 236\u003c\/p\u003e \u003cp\u003eFederal Trade Commission Act (1914) 236\u003c\/p\u003e \u003cp\u003eRobinson-Patman Act (1936) 237\u003c\/p\u003e \u003cp\u003eCeller-Kefauver Antimerger Act (1950) 237\u003c\/p\u003e \u003cp\u003eHart-Scott-Rodino Antitrust Improvement Act (1976) 237\u003c\/p\u003e \u003cp\u003eFederal Consumer Protection Legislation 238\u003c\/p\u003e \u003cp\u003eSecurities and Exchange Commission 239\u003c\/p\u003e \u003cp\u003eSecurities Act (1933) 239\u003c\/p\u003e \u003cp\u003eSecurities Exchange Act (1934) 240\u003c\/p\u003e \u003cp\u003ePublic Utility Holding Company Act (1935) 241\u003c\/p\u003e \u003cp\u003eTrust Indenture Act (1939) 241\u003c\/p\u003e \u003cp\u003eInvestment Company Act (1940) 242\u003c\/p\u003e \u003cp\u003eInvestment Advisers Act (1940) 242\u003c\/p\u003e \u003cp\u003eForeign Corrupt Practices Act (1977) 243\u003c\/p\u003e \u003cp\u003eSarbanes-Oxley Act (2002) 244\u003c\/p\u003e \u003cp\u003ePublic Company Accounting Oversight Board 244\u003c\/p\u003e \u003cp\u003eAuditor Independence 245\u003c\/p\u003e \u003cp\u003eCorporate Governance 246\u003c\/p\u003e \u003cp\u003eCEO\/CFO Certifications 247\u003c\/p\u003e \u003cp\u003eEnhanced Financial Disclosure 247\u003c\/p\u003e \u003cp\u003eCivil and Criminal Penalties 247\u003c\/p\u003e \u003cp\u003e‘‘Private’’ Equity Going Public 248\u003c\/p\u003e \u003cp\u003eIntroduction to Public Standards 248\u003c\/p\u003e \u003cp\u003ePublic Company Accounting Oversight Board Standards 249\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 1 249\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 2 249\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 3 250\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 4 250\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 5 250\u003c\/p\u003e \u003cp\u003eThe Standard Is Less Prescriptive 251\u003c\/p\u003e \u003cp\u003eScalable Audits 251\u003c\/p\u003e \u003cp\u003eAudit Focus 251\u003c\/p\u003e \u003cp\u003eUsing the Work of Others 252\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 6 252\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 7 252\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 8 252\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 9 253\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 10 253\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 11 253\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 12 253\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 13 254\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 14 254\u003c\/p\u003e \u003cp\u003ePCAOB Auditing Standard No. 15 255\u003c\/p\u003e \u003cp\u003eAmerican Institute of Certified Public Accountants Auditing Standards 255\u003c\/p\u003e \u003cp\u003eSAS 99, ‘‘Consideration of Fraud in a Financial Statement Audit’’ 256\u003c\/p\u003e \u003cp\u003eSAS 1 Amendments 257\u003c\/p\u003e \u003cp\u003eSAS 85 Amendments 257\u003c\/p\u003e \u003cp\u003eSAS 82 Replacements 257\u003c\/p\u003e \u003cp\u003eDescriptions and Characteristics of Fraud 258\u003c\/p\u003e \u003cp\u003eProfessional Skepticism 258\u003c\/p\u003e \u003cp\u003eEngagement Team Discussions 258\u003c\/p\u003e \u003cp\u003eFraud Risks 259\u003c\/p\u003e \u003cp\u003eIdentifying Risks 259\u003c\/p\u003e \u003cp\u003eAssessing Risks 259\u003c\/p\u003e \u003cp\u003eResponding to the Risk Assessment 260\u003c\/p\u003e \u003cp\u003eEvaluating Audit Evidence 261\u003c\/p\u003e \u003cp\u003eAuditor Communication 263\u003c\/p\u003e \u003cp\u003eAudit Documentation 263\u003c\/p\u003e \u003cp\u003eSAS 104, ‘‘Amendment to Statement on Auditing Standards No.1, ‘Codification of Auditing Standards And Procedures (‘‘Due Professional Care in the Performance of Work’’)’ ’’ 264\u003c\/p\u003e \u003cp\u003eSAS 105, ‘‘Amendment to Statement on Auditing Standards No. 95, Generally Accepted Auditing Standards’’ 265\u003c\/p\u003e \u003cp\u003eSAS 106, ‘‘Audit Evidence’’ 265\u003c\/p\u003e \u003cp\u003eSAS 107, ‘‘Audit Risk and Materiality in Conducting the Audit’’ 265\u003c\/p\u003e \u003cp\u003eSAS 108, ‘‘Planning and Supervision’’ 266\u003c\/p\u003e \u003cp\u003eSAS 109, ‘‘Understanding the Entity and Its Environment and the Risks of Material Misstatement’’ 266\u003c\/p\u003e \u003cp\u003eSAS 110, ‘‘Performing Audit Procedures in Response to Assessed Risks and Evaluation of the Audit Evidence Obtained’’ 267\u003c\/p\u003e \u003cp\u003eSAS 111, ‘‘Amendment to Statement on Auditing Standards No. 39, ‘Audit Sampling’ ’’ 267\u003c\/p\u003e \u003cp\u003eSAS 112, ‘‘Communicating Internal Control Related Matters Identified in an Audit’’ 267\u003c\/p\u003e \u003cp\u003eSAS 113, ‘‘Omnibus Statement on Auditing Standards’’ 268\u003c\/p\u003e \u003cp\u003eSAS 114, ‘‘The Auditor’s Communication With Those Charged With Governance’’ 269\u003c\/p\u003e \u003cp\u003eSAS 116, ‘‘Interim Financial Information’’ 270\u003c\/p\u003e \u003cp\u003eAmerican Institute of Certified Public Accountants Accounting and Review Standards 270\u003c\/p\u003e \u003cp\u003eSSARS 10 271\u003c\/p\u003e \u003cp\u003eSSARS 12 271\u003c\/p\u003e \u003cp\u003eInstitute of Internal Auditors Standards 272\u003c\/p\u003e \u003cp\u003eInformation Systems Audit and Control Association 272\u003c\/p\u003e \u003cp\u003eConclusion 273\u003c\/p\u003e \u003cp\u003eNotes 273\u003c\/p\u003e \u003cp\u003e\u003cb\u003eModule III Understanding Operations\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Contemporary Business and Competitive Intelligence 277\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 277\u003c\/p\u003e \u003cp\u003eContemporary Business Intelligence 278\u003c\/p\u003e \u003cp\u003eSources of Information 278\u003c\/p\u003e \u003cp\u003ePublic Records Searches 278\u003c\/p\u003e \u003cp\u003eNews Archives 279\u003c\/p\u003e \u003cp\u003eLegal Proceedings 279\u003c\/p\u003e \u003cp\u003ePatent Awards and Applications 280\u003c\/p\u003e \u003cp\u003eSocial Networking 280\u003c\/p\u003e \u003cp\u003eEmployees 280\u003c\/p\u003e \u003cp\u003eCompetitive Intelligence and the External Environment 281\u003c\/p\u003e \u003cp\u003eNormalizing Performance 282\u003c\/p\u003e \u003cp\u003eCost of Capital and the Option to Invest 285\u003c\/p\u003e \u003cp\u003eDeveloping Unique Intelligence 287\u003c\/p\u003e \u003cp\u003eAn Economic View of Quality 289\u003c\/p\u003e \u003cp\u003eDeveloping Relationships and Navigating Crises 290\u003c\/p\u003e \u003cp\u003eApplication to Private Equity 291\u003c\/p\u003e \u003cp\u003eInvestment Decision 291\u003c\/p\u003e \u003cp\u003eStrategic Management of Portfolio Companies 291\u003c\/p\u003e \u003cp\u003eExit Strategy 292\u003c\/p\u003e \u003cp\u003eConclusion 292\u003c\/p\u003e \u003cp\u003eNotes 292\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Organizations as Humans 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 293\u003c\/p\u003e \u003cp\u003ePurpose of the Organization 294\u003c\/p\u003e \u003cp\u003eGenesis 295\u003c\/p\u003e \u003cp\u003eDevelopment and Specialization 296\u003c\/p\u003e \u003cp\u003eParts of the Whole and Maturation 297\u003c\/p\u003e \u003cp\u003eEnvironmental Adaptation 299\u003c\/p\u003e \u003cp\u003eEnvironmental Influence and Interaction 302\u003c\/p\u003e \u003cp\u003eMaturity Creates ‘‘The Machine’’ 303\u003c\/p\u003e \u003cp\u003eDeath of the Organization and Rebirth 304\u003c\/p\u003e \u003cp\u003eStrengths and Weaknesses of the Organizations as Humans Metaphor 305\u003c\/p\u003e \u003cp\u003eConclusion 307\u003c\/p\u003e \u003cp\u003eNotes 307\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Beginning the Lean Transformation 309\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 309\u003c\/p\u003e \u003cp\u003eThe Origins of Lean Operations: Lean Manufacturing 310\u003c\/p\u003e \u003cp\u003ePotential Pitfalls of Lean 311\u003c\/p\u003e \u003cp\u003eOrganizational Development 312\u003c\/p\u003e \u003cp\u003eDiscipline Building 315\u003c\/p\u003e \u003cp\u003eWhat Private Equity Means for Lean 317\u003c\/p\u003e \u003cp\u003eConclusion 318\u003c\/p\u003e \u003cp\u003eNote 318\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Performing Manufacturing Due Diligence Assessments 319\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 319\u003c\/p\u003e \u003cp\u003ePerforming the Assessment 319\u003c\/p\u003e \u003cp\u003eEmployee Satisfaction 320\u003c\/p\u003e \u003cp\u003eCustomer Satisfaction and Perceived Quality 322\u003c\/p\u003e \u003cp\u003eCorporate Vision and Mission 323\u003c\/p\u003e \u003cp\u003eEquipment and Facility Maintenance 324\u003c\/p\u003e \u003cp\u003eVisual Management 326\u003c\/p\u003e \u003cp\u003eInventory Management and Product Flow 327\u003c\/p\u003e \u003cp\u003eOperational Data and Cost of Sales 328\u003c\/p\u003e \u003cp\u003eConclusion 333\u003c\/p\u003e \u003cp\u003eNotes 333\u003c\/p\u003e \u003cp\u003eAbout the Authors 335\u003c\/p\u003e \u003cp\u003eGlossary 339\u003c\/p\u003e \u003cp\u003eIndex 345\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52165308285208,"sku":"9781118138502","price":48.55,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118138502.jpg?v=1781098178","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/private-equity-history-governance-and-operations-hardback-9781118138502","provider":"Freshly Printed Books","version":"1.0","type":"link"}