ACC 3401 Audit and Professional Ethics │LECTURE 1│ Concepts of Auditing Learning Objectives After the lecture‚ students should be able to: describe the nature‚ purpose and scope of an audit; describe various basic principles and concepts of auditing and explain their importance in the actual audit procedures; and describe the professional framework within which auditors must operate. 1. Accounting vs. Auditing Accounting - the process of recording‚ classifying‚ summarizing and
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Does Auditing Matter? Janice Rhodora P. Carpentero La Salle University and Eljoy Delos Santos La Salle University May 22‚ 2013 Does Auditing Matter? SUMMARY: The scrutiny auditing has received post-Enron provides compelling evidence that auditing does matter‚ to answer the rhetorical question posed by the paper’s title. What is unclear‚ however‚ is whether auditing was sufficiently “broken” in the first place to warrant the radical reforms and changes effected
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known as the: Carload 3. Which type of railroad car has the greatest numbers in service? Covered hopper 4. Who are the owners the greatest percentage of rolling stock in use? Class I railroads 5. What is the standard track gauge in the U.S? 4’ 8.5" 6. Which of the following helped lead to the erosion of rail dominance in U.S. transportation? Government funded construction of roads 7. A - Diesel engine B - Alternator/generator C - Traction motor 8. Was AMTRAK created before or after the economic
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Case Study: 6 – Wal-Mart Case Study: Data Communications at Wal-Mart Case Study: Data Communications At Wal-Mart? There are many things Wal-Mart has done to improve its data communications systems for suppliers. Their chief improvement was the implementation of the sales and inventory data to their suppliers. Suppliers could log in and gain access to all of the sales and inventory data to more efficiently stock Wal-Mart with their products. A key component of data security
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PATHOPHYSIOLOGY FOR THE HEALTH PROFESSIONS CHAPTER 6: FLUID‚ ELECTROLYTE‚ AND ACID-BASE IMBALANCES Fluid Imbalance Review of Fluid Imbalance -Water carries nutrients into cells and removes wastes‚ transports enzymes in digestive secretions‚ and moves blood cells around the body. Fluid Compartments -Approximatley 60% of an adult’s body weight consists of water -Infant’s body weight is about 70% -Fluid is distributed between the intracellular compartment (ICF)‚ or fluid inside the
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APUSH 1 Ch 6 Terms Alexander Hamilton’s Political beliefs Was unhappy with the Articles of Confederation and the weak government and sought to overhaul the entire document. Led to a convention in Annapolis in which only five states sent delegates. But later influenced the convention in Philadelphia. Founding Fathers to the constitution Representatives from all states except Rhode Island met in Philadelphia to discuss concentrated power. Madison’s Virginia Plan National legislature consisting
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QUESTION 1 In a BCG Matrix‚ all divisions are called question marks‚ stars‚ cash cows or dogs. Define each of these terms. Question Marks division is Quadrant I have a low relative market share position‚ yet they compete in a high-growth industry. Generally these firms’ cash needs are high and their cash generation is low. These businesses are called question marks because the organization must decide whether to strengthen them by pursuing an intensive strategy (market penetration‚ market development
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Auditing and Assurance Services‚ 14e (Arens) Chapter 24 Completing the Audit Learning Objective 24-1 1) Auditors often integrate procedures for presentation and disclosure objectives with: A) Tests for planning objectives Tests for balance-related objectives Yes Yes B) Tests for planning objectives Tests for balance-related objectives No No C) Tests for planning objectives Tests for balance-related objectives Yes No D) Tests for planning objectives Tests for balance-related
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patriarchy‚ slavery are not vanished ● First civilizations were sharply divided along class lines‚ and they too were patriarchal with women clearly subordinate to men in most domains of life China ● Its better if you know connections to get higher 6. 7. 8. 9. officials to the highest of elite position. The inequalities of slavery differ from those of a caste because in slavery you can you could be freed‚ slavery can have laws to change‚ and they are not paid. In a caste you’re birthed
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expenses are classified as deductions from AGI while reimbursed employee expenses are classified as deductions for AGI. 5. Section 212 expenses that are related to rent and royalty income are deductions for AGI. a. True b. False ANSWER: True 6. Alice incurs qualified moving expenses of $12‚000. If she is reimbursed by her employer‚ the deduction is classified as a deduction for AGI. If not reimbursed‚ the deduction is classified as an itemized deduction. a. True b. False ANSWER: False
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