1. Who are the stakeholders involved in this decision? Although Anne‚ the CEO‚ and Sue‚ the accountant are involved in this decision it is the banks‚ Linkage Construction Inc. employees and investors‚ and subcontractors if any are used are the affected stakeholders involved in this decision. 2. What are the ethical issues involved? The ethical issue involved is changing the expense report to show lower expected profits for the current year just to manipulate the growth trend of the company which
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– Skills Module‚ Paper F8 (UK) Audit and Assurance (United Kingdom) 1 (a) (i) Importance of reporting to those charged with governance June 2013 Answers In accordance with ISA 260 (UK and Ireland) Communication with those charged with governance‚ it is important for the auditors to report to those charged with governance as it helps in the following ways: (1) It assists the auditor and those charged with governance in understanding matters related to the audit‚ and in developing a constructive
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journal entries The following transactions pertain to the Jennifer Royall Company: General Journal Date Accounts Debits Credit May 1 Cash $25‚000 Land $15‚000 Investment $40‚000 Invested cash and land into business May 5 Revenue $1000 Accounts Receivable $1000 Provided service on account May 9 Wage Expense $1250 Cash $1250 Paid wages to employees May 14 Office Equipment $4200 Accounts Payable $4200 Purchased computer
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Understanding Economics ECO: 100 November 27‚ 2012 Understanding Economics From as long as I could remember Taxes have always been apart of our daily lives. Taxes can often be a big burden for most‚ they can also be a help and used for many other functions. If it was not for taxation our roads‚ public buildings would be a complete mess. Our emergency services such as‚ law enforcement‚ EMT‚ and Fire/rescue thrive off of tax dollars‚ many of our healthcare offices
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the circumstances and opinion expressed by an auditor‚ where he is unable to obtain sufficient audit evidence. 2. Auditors of M/s Santa Banta (P) Ltd. were changed for the accounting year 2010-11. However there was no change in the position of closing stock which remained at ` 400 lacs . The auditors of the company propose to exclude the audit of closing stock of ` 400 lacs from their audit programme on the understanding that it pertains to the preceding year which was audited by another
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theft. D. Expected effectiveness of controls. 13. The risk that an auditor’s procedures will lead to the conclusion that a material misstatement does not exist in an account balance when‚ in fact‚ such misstatement does exist is referred to as A. Audit risk B. Inherent risk C. Control risk D. Detection risk 14. Evidential matter concerning proper segregation of duties ordinarily is best obtained by A. Preparation of a flowchart of duties performed by available personnel. B. Inquiring whether
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This paperwork of ACC 497 Week 2 Discussion Questions and Summary shows the solutions to the following problems: DQ 1: What are some nonfinancial performance measures? What do they tell us about the performance of an organization? Why is it important for managers to include nonfinancial performance standards in their analysis of their operations? DQ 2: What are some business decisions that managers could make? What tools will they use to make recommendations regarding these business decisions? Why
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Family Values Paper Anitra Wilson Nursing/542 May 16‚ 2015 Professor Sandra Brown Introduction Over the years‚ health care has been geared towards delivering patient centered care. Unfortunately this is not always the case‚ the family is considered an important component in family nursing. As nurses‚ it is imperative that we are capable of recognizing that all family dynamics are unique. Every family has its own values‚ history‚ rules and may respond different to certain illnesses or life crisis
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Syllabus School of Business ACC/556 Version 5 Forensic Accounting Copyright © 2012‚ 2011‚ 2009‚ 2008 by University of Phoenix. All rights reserved. Course Description In this course‚ students are introduced to the conduct of fraud examinations‚ including a discussion of specific procedures used in forensic accounting examinations and the reasoning behind these procedures. Topics include an overview of fraud and abuse‚ forensic evidence‚ substantive procedures for cash outflow irregularities
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In the file ACC 291 Week 2 Discussion Question 2 there are right answers on the following questions: "What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements? What does your Annual Report say about unearned revenue?" Business - Accounting ACC 291 All Week 4 Assignments - Individual WileyPlus Assignment Includes: Week 4 Chapter 13 practice quiz 1 Week 4 Chapter 14 Practice
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