* Subject Synopsis This course introduces the elements of auditing. It discusses the principles and procedures of auditing‚ types of audits‚ scope and objectives of auditing. It also covers professional ethics in auditing‚ audit evidences‚ audit planning and various other aspects of auditing. Moreover it gives knowledge about objectives of doing audit. The course also aims to explain the liability and responsibility of the auditor and how the computerised environment effects the business environment
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MEMORANDUM TO: Ms. Julie Jones FROM: Tamela Knight DATE: 9/26/2014 SUBJECT: Assignment 1: Audience Analysis Per the week one assignment‚ I have reviewed and compared two Websites offering information on the same subject. My chosen subject is kidney disease and hemodialysis and the source Websites are: The National Kidney Foundation (http://www.kidney.org) and The Merck Manual-Professional (http://www.merckmanuals.com/professional). When reviewing the National Kidney
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market. You believe that increased demand will more than offset productivity gains‚ and may even require hiring more employees. Naturally‚ you cannot guarantee this‚ although you are optimistic about the chances that this will occur. Write a one-page memo to employees that covers these points. OPTION 2 2. Assume the role of vice president of manufacturing of Eastern Products‚ Philadelphia. You are thinking about the forthcoming annual retreat of top-level managers of manufacturing‚ engineering‚
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Interim An audit which conducted in between the two annual audits with a view to find out interim profits to enable the company to declare an interim dividend is known as Interim Audit. It is a kind of audit which is conducted between the two periodical or balance sheet audits. Objectives Of Interim Audit 1. To know profit or loss of interim period. 2. To distribute interim dividend. 3. To get loan on the basis of interim account. 4. To get information about the financial position
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Memo To: Ms. Ramos From: DOraimi Subject: 2012 Income Correction Date: 01/20/2014 You believe that the $1 million overstatement of the 2011 ending inventory has no impact on 2012’s reported income‚ because 2012 ending inventory is correct. In this memo‚ I will explain how the overstatement in 2011 ending inventory affects 2012’s reported income. Based on the formula “Cost of good sold= Beginning inventory + Inventory purchased – Ending inventory”‚ the cost of good sold during
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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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inherent risk and control risk at Queen Island Dairy. The preliminary assessment of risk‚ also known as the risk assessment phase‚ is the initial step in an audit that includes gaining an understanding of the client and identifying potential risk factors whilst developing an audit strategy and setting planning materiality. There are three key steps in the risk assessment phase‚ being; gaining an understand of the client‚ identifying potential risks and strategies to prevent or control such risks‚ and
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Veteran’s Marketing Memo Military veterans stood up for our country and are not recognized enough for their dedication. There are many programs dedicated to providing assistance to veterans but not many ways to reward them for their devoted service to their country. Many veterans have been affected due to combat and some need help transitioning from military life to a civilian. As the director of for a military veterans foundation I must raise money to create a fallen heroes monument. The first
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MEMO Date: February 17‚ 2014 To: Information and Communications Technology Center (ICTC) From: Janselle Myles Laragan‚ Nino Abenojar‚ Nicole Fenol‚ Rolex Dimapilis‚ Benjamin Seo Subject: IKOT La Salle Tracker Introduction and Recommendation In the past 6 years of implementing a jeepney transportation or also known as Ikot La Salle is very helpful in the University. Walking inside the campus in 27 hectares is not appropriate; students‚ faculty‚ and also visitors can ride in Ikot La Salle
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After reviewing the Audience Analysis Memo that I wrote a few weeks ago‚ it dawned on me how much I have actually learned in this class. It is surprising since it has been a considerably short amount of time. So‚ in reviewing my original memo‚ I saw many opportunities for improvement. In my Audience Analysis Memo‚ I contrasted two websites about Osteoarthritis. One of the first things I changed was the organization. I realized that the original was too scattered and it was easy for the reader to
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