One inherent risk factor that would impact my audit procedures of Enron were the large number of highly complex accounting entries. For example energy traders were required to book all the projected profits from a supply contract in the quarter in which the deal is made. Such accounting procedures are inherently risky as they make assumptions about price forecasts which can drastically affect earnings. Another inherent risk factor is the frequency of related party transactions. The special purpose
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Audit & taxation | Audit Risk in the Brave New World | Audit Risk Model | | | 6/27/2010 | Submitted To: MR. Asim Khan Submitted By Bilal Khalid INTRODUCTION The audit risk model has provided a conceptual framework for auditing practice for more than 40 years. Despite practical difficulties in implementation and criticisms of its theoretical foundation‚ the model has been fairly effective in helping auditors analyze risks and use that analysis to determine the nature‚
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1. Explain why decisions about acceptable audit risk‚ inherent risk‚ the preliminary judgement about materiality‚ and performance materiality should be made early in the audit during the planning phase. The purpose of assessing risks early is to help auditor plan the audit by deciding which parts of the audit to emphasize and the extent of testing. It helps auditors to understand the nature‚ timing‚ extent of the accounts‚ therefore plan a right procedure and the appropriate evidence to accumulate
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Imel and Wampold discuss the common factor model‚ a model‚ which explains that different therapeutic approaches in psychotherapy all have common factors that justify the effectiveness of a treatment. An alternative to the common factor model is the medical model‚ which explains that psychotherapy is effective because it solely and specifically treats the underlying cause of distress and changes the psychological dysfunction. If the medical model is accurate‚ researchers should observe a different
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Risk Factors Risks Relating to Honda’s Industry 1. Honda may be adversely affected by market conditions Honda conducts its operations in Japan and throughout the world‚ including North America‚ Europe and Asia. A sustained loss of consumer confidence in these markets‚ which may be caused by continued economic slowdown‚ recession‚ changes in consumer preferences‚ rising fuel prices‚ financial crisis or other factors could trigger a decline in demand for automobiles‚ motorcycles and power products
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victimization. This is why I want to now direct your attention to the risk factors of crime and victimization; level of crime in our province; and how much crime it is costing for Ontario’s taxpayers. In addition‚ I would like to propose several recommendations that can make significant changes to Ontario’s crime level and reduce victimization. 1. The Risk of Crime and Victimization to Canadians and its costs to taxpayers and to victims The risk of crime and victimization in general generates significant
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Chapter Two: Literature Review Thai Migration to Los Angeles The unprecedented increase in the number of Asians leaving their country to take up residence in the United States over the past decade has widely publicized by the media and intensively studied by social scientists. The simultaneous qualitative shift in the geographical origin of these new residents‚ however‚ has attracted less attention. Reinforcing the long-establish and well-documented migration streams from the Philippines‚
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COMMON FACTORS THAT AFFECTS THE ACADEMIC PERFORMANCE ------------------------------------------------- OF FILIPINO COLLEGE STUDENTS IN THE PHILIPPINES FROM YEAR 2000-2010 ------------------------------------------------- A Term Paper Presented to: Mr. Albert Abad Braga ------------------------------------------------- Mindanao Polytechnic College ------------------------------------------------- In Partial Fulfillment Of The Requirements For -------------------------------------------------
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The Risk Factors of Attention-Deficit Hyperactivity Disorder in Childhood Rachel A. Abou Khalil 201201014 American University of Beirut Abstract ADHD is a genetically as well as environmentally determined disorder. Research has shown that multiple risk factors for Attention-Deficit Hyperactivity Disorder exist. Genetic influences‚ parental ADHD‚ brain abnormalities‚ pre-natal smoking‚ early development‚ familial risk factors‚ allergy and diet are all possible risk
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The Risk Factors of Heart Attack Heart attack is the death of a segment of heart muscle caused by the loss of blood supply. The blood supply is usually lost because a coronary artery‚ one that supplies blood to the heart muscle‚ has a blood clot‚ a blockage also known as coronary thrombosis or coronary disease. ("What Is A Heart Attack? What Causes A Heart Attack?" 2013) Heart disease is the number one killer of both men and women in America with approximately 460‚000 related deaths due to a sudden
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