Bab I . payroll and personnel cycle adalah suatu siklus yang dimulai dengan merekrut karyawan dan diakhiri dengan membayar jasa karyawan tersebut atas jasa yang mereka laksanakan dan pemotongan pajak oleh pemerintah dan institusi lain. Akun dalam payroll and personnel cycle Accrued Wages‚ Salaries‚ Bonuses‚ and Commissions Payment Beginning balance Earned wages‚ salaries‚ etc. Ending balance Direct Labor Cash in Bank Payment for salaries Payment for payroll taxes Withheld
Premium
accountability or personal responsibility by the auditors that were responsible to audit and have unbiased reports is one of the ethical issues that could have been solved by the companies themselves. Auditor independence is another activity that could have been handled voluntarily. According to Jennings (2012) the SOX established code of ethics for public accounting firms. Some of the services that accounting companies that audit public companies are prohibited to do are; provide bookkeeping services for
Premium Internal control Auditing Audit
ethical) in providing professional services‚ so that audit failures and risks are reduced to an acceptably low level. Quality control must be addressed at the professional‚ the audit firm and on individual engagement levels. Importance of Quality Control Corporate scandals such as Enron and WorldCom cases have seriously undermined the credibility of the audit function and raised questions about the reliability of financial reporting. The alleged audit failures in these cases have also attracted substantial
Premium Audit Management Auditing
Saunders‚ Lewis and Thornhill: Research Methods for Business Students‚ 6th edition‚ Additional Case Studies Case 8a The involvement of auditors in preliminary profit announcements Tony Beasley and Jim Keane‚ University of Gloucestershire Each year UK companies publish and issue an annual report and audited accounts‚ which are sent to numerous shareholders and other users. The process may take as long as three months from the end of the companies accounting period. This delay could create problems:
Premium Stock market Audit London Stock Exchange
the company and it is likely that the independent auditors will detect it. → Users of financial statements need confidence in the numbers they base their decisions on. Misstated account balances may be corrected as the result of the independent audit work. The accounting system from which the financial statements are derived may have a poorly designed system of internal control. Multiple Choice TB 01-01 Which of the following best describes the main rea... award: 1.00 point TB 01-02 Reducing
Premium Audit Auditing Auditor's report
AUE303R/101/3/2013 Tutorial letter 101/3/2013 ADVANCED THEORY OF AUDITING AND THE PERFORMING OF THE AUDIT PROCESS AUE303R Semesters 1 & 2 Department of Auditing IMPORTANT INFORMATION: This tutorial letter contains important information about your module. CONTENTS Page 1 2 2.1 2.2 3 3.1 3.2 3.3 4 4.1 4.2 4.3 5 6 7 8 8.1 8.2 8.2.1 8.2.2 8.3 8.4.1 8.4.2 8.4.3 8.4.4 9 10 11 12 13 14 INTRODUCTION .........................................................................................
Premium Auditing Audit
Bibliography: • Abbot and others‚ ‘Corporate Governance ‚Audit quality and the Sarbenes Oxley Act Evidence from internal Audit outsourcing’‚2007 • B Elliot and J Elliot‚ 10th Edition‚ Financial Accounting and Reporting‚ 2006‚Prentice hall international page • B Marx‚ A V D watt Bourne and A Hamel‚ 2004‚Dynamic Auditing‚ 7th edition‚ Lexisnexis
Premium Audit Corporate governance Auditing
Week 2 Discussion Questions Chapters 6 & 8 1. Why is audit planning so important? What is the most important step in audit planning? Why is this step so important? Posted on wed 5/8/2013 Responded to one classmates on 5/08/2013 Auditing planning is important because it helps the auditor determine his/her approach to the audit. There are two considerations that affect the approach: 1). Sufficient appropriate evidence must be accumulated to meet the auditor’s professional
Premium Auditing Ethics Audit
Theresa Golding BA 418 – Auditing Dr. Charles Pineno April 25‚ 2010 PART 1: “Small Firms May Face Audit Music” (published in The Wall Street Journal on April 19‚ 2007) addresses the ending of the delay in applying portions of the Sarbanes-Oxley Act of 2002 to smaller companies. At the time of the article‚ some 6‚000 smaller public companies had yet to be required to “make an annual assessment of their internal financial-reporting controls with further review by the company’s outside auditor of
Premium Auditing Risk Risk assessment
Messrs Deloitte & Touche is said to have alerted the management‚ namely chief executive officer Gan Boon Aun‚ chief financial officer Lo Chok Ping and the audit committee on the inaccuracy of the substantially high revenue of RM989.2mil for FY06. However‚ it is believed the matter was not taken to the board level. Chairman of the audit committee Chin Keem Feung is also an independent director. The committee members are Shukri Sheikh Abdul Tawab and Khiudin Mohd Mohd. Gan and Lo are currently
Premium Auditing Audit Auditor's report