Question 2 Hans & Co.‚ CGAs‚ is auditing CCC Inc.s 2010 financial statements. Hans previously audited the companys 2008 and 2009 financial statements. The 2008 audit resulted in a qualified opinion because the auditors were unable to verify the opening inventory for that year‚ but the 2009 audit resulted in an unqualified opinion. Julia worked on the previous two audits and is familiar with most of the staff at CCC‚ including the office manager‚ Marcus. Julia was scheduled to meet with Marcus on
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1. What is the Documentary Theory? The Document theory according to Oswald T. Allis comprised of four main areas of high criticism and rationalization. The also lead to the enlightenment. They consisted of: “ The Variations in the Divine Names in Genesis; The Secondary Variations in Diction and Style; The Parallel or Duplicate Accounts (Doublets); The Continuity of the Various Sources. The theory basically tries to debunks Moses as being the author of Genesis through rationalization and
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ACCOUNTING COURSE CODE: ACC 416 WEEK: 10 TOPIC: FORENSIC ACCOUNTING AND FRAUD AUDITING OBJECTIVE: To acquire the knowledge and skills about forensic audit‚ its reporting and documentation. THE CONTEXT OF FORENSIC AUDITING Forensic audit encompasses the examination of evidence regarding an assertion to determine its correspondence to establish criteria carried out in a manner suitable to the court. Auditing has been defined as the systematic process of objectively obtaining and evaluating
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Although the asbestos removal is uncertain for now‚ asset retirement obligations should still be recorded. ASC 410-20-25-15 states that even when the asset has a low likelihood of removal‚ it still requires the recognition of a liability. The uncertainty can affect the calculation of the liability‚ but not whether or not the liability should be recorded. Analysis
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ACS 1803 – ASSIGNMENT 2 Due: February 11‚ 2013 To be done individually. 1) a) 8 A hospital ward wants to computerize its data about patients and medications / dosages prescribed for the patients. {In your mind‚ compare this situation with the in-class example about students‚ courses and grades: student is like patient‚ course is like medication and grade is dosage}. Then‚ use the following fields of hospital data that are put into one file (table): patient No.‚ patient name‚ patient address
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HES4811 Integrated Environmental Management Systems and Auditing ASSIGNMENT 03: Environmental Auditing Assignment Number: 337106 Contents List of Tables Table 1: Compliance Audits vs. Management Audits 7 List of Figures Figure 1. Clariant Global Chemical Company’s environmental goals for 2020. 12 3.0 Introduction Environmental auditing’s purpose‚ its three main categories‚ and the key steps involved in running an environmental audit are discussed
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***When visiting Prof. MacIver he said to do “Questions for review of key topics” (Q-Ch. - # questions) to study for conceptual questions on exam. *** Ch 16 - Accounting for Income Taxes: The objective of accounting for income taxes is to recognize a deferred tax liability or deferred tax asset for the tax consequences of amounts that will become taxable or deductible in future years as a result of transactions or events that already have occurred. Deferred tax assets result in deductible
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Chapter 12 – Completion and reporting on the audit REVIEW QUESTIONS 12.1 What is the process of ‘engagement wrap-up’? Why is it important? The process of engagement wrap-up involves the auditor finalising an open items before issuing their audit report. The finalisation process could include completing additional audit procedures to ensure that sufficient and appropriate evidence is held on which to base the audit opinion. The process usually includes work in the following areas: 1
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Carmen Yost Feburary 9th 2015 Fin 410 Chapter 4 Problems Dr. Terry Dowdy Resource: Ch. 4 of Foundations of Financial Management Complete Problems 16‚ 19‚ & 25 in Ch. 4 of Foundations of Financial Management 16. J. Lo’s Clothiers has forecast credit sales for the fourth quarter of the year as: September (actual) $70‚000 Fourth Quarter October $60‚000 November 55‚000 December 80‚000 Schedule of cash receipts (LO2) Experience has shown that 30 percent of sales are collected
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Quiz. Evaluate the following problems. Show your solution and encircle your final answer. 1. In a 25-kVA‚ 2000/200 V‚ single phase transformer‚ the iron and full load copper losses are 350 W and 400 W respectively. Calculate the efficiency at unity power factor on a) full load‚ b) half full-load. 2. If P1 and P2 be the iron and copper losses of the transformer on full load‚ find the ratio of p1 and P2 such tat maximum efficiency occurs at 75% full load. 3. A 5-kVA‚ 2300/230 V‚ 50 Hz transformer
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