assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
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In the case of Goodner Brothers‚ Inc. ‚ the six key control weakness were no proper segregation of duties‚ no proper procedure on recording documents‚ lacking monitoring on performance review‚ low gross profit margin than benchmark‚ no control on accessing to the accounting system and inventory storage and too depends on the honesty of the employees. Woody Robinson know very well that the company have these weaknesses that give him the chances to enter the hole to start the fraud activities. Firstly
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Marine Pollution Marine pollution has become a major global issue. It is now becoming a serious concern that the ocean will no longer be a safe place for marine life and humans. There is a growing concern that pollution causes serious problems nowadays particularly health problems. This essay will argue that marine pollution should be addressed immediately. Firstly‚ the causes and the effects will be discussed‚ and some solutions to hoe marine pollution can be reduced. To begin with‚ marine pollution
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Video Case Study Strategy at Regal Marine Regal Marine‚ one of the U.S.’s 10 largest power-boat manufacturers‚ achieves its mission ―providing luxury performance boats to customers worldwide―using the strategy of differentiation. It differentiates its products through constant innovation‚ unique features‚ and high quality. Increasing sales at the Orlando‚ Florida‚ family-owned firm suggest that the strategy is working. As a quality boat manufacturer‚ Regal Marine starts with continuous
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This horrific news brought me to research why the whale turned on its trainer and the information I found made me change my outlook on animal captivity completely. In the ethical debate over marine mammals in captivity there are many conflicting views. The public theme park industries advocate that marine mammal exhibits provide an important role in educating‚ entertaining‚ and conservation; they see nothing wrong with captivity. An increasing number of scientists counter this view and believe that
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SUMMARY OF THE CASE This case discussed on the issue of choosing the most suitable performance measurement for MarineCorp Sdn. Bhd. and SURIA group of companies. MarineCorp is a wholly-owned subsidiary of SURIA group of companies. MarineCorp was the maritime solutions provider for SURIA; it regulates and enforces the Group’s policy on maritime activities‚ especially the vessel inspection and vetting on the vessels under SURIA. The company has two subsidiaries; the first one is Green Port Sdn. Bhd
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Challenges in the Field of Marine Biology No matter what science oriented profession one chooses to pursue‚ education is the undisputed key to success and the field of marine biology is no exception. While a bachelor’s degree qualifies you for an entry level position‚ it is most likely insufficient if you have your sights set on a career involving independent research or field work. The majority of people working within the field of marine biology with only a bachelor’s degree‚ are for the
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AUDITING THEORY 1. Which of the following activities is an analytical procedure an auditor would perform in the final overall review stage of an audit to ensure that the financial statements are free from material misstatement? A. Reading the minutes of the board of directors’ meetings for the year under audit. B. Obtaining a letter concerning potential liabilities from the client’s attorney. C. Comparing the current year’s financial statements with those of the prior year. D. Ensuring that
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would be one in the United States Military. I would like to eventually become an Infantry Officer or an Aircraft Maintenance Officer in the United States Marine Corps. The reason is I want to be part of a force that could stand up to any enemy and fight for the country that I live in and the people in it. The journey to become an officer in the Marine Corps will not be easy and starts right now. To get to the Military Occupational Specialty of an Infantry Officer or Aircraft Maintenance Officer ‚ one
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activity in the entire world is having a very serious effect on the health of the oceans as a whole. When commercially valuable species are overexploited‚ other species and habitat that share the same ecosystem are affected. According to many marine scientists and marine ecologists‚ unsustainable (overfishing) fishing is the greatest threat to the ocean ecosystems. For example‚ recent scientific studies suggest that overfishing of large shark species has had a ripple effect in the shark’s food chain‚ increasing
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