provide the DVD in another form as arranged with your lecturer. We prefer that you use Google docs or Youtube link for the video. AUDIT FAILURES: 1=Enron Corp. 2= China Sky One Medical 3= China Education Alliance Inc. 4=One Tel 5= Wow Joint Holdings Ltd 6=Satyam Computers 7=China Forestry Holdings Co. 8=Clive Peters Retail. 9=World Com 10=Sunbeam 11= Barings Bank 12=Waste Management Any references should be included in the one reference list for the assignment. Part B: 20 Marks Five categories (4 marks
Premium Audit Auditor's report Auditing
Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred‚ service rendered，东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book‚ adjust record to entice customer 2. Channel stuffing: 填塞分销渠道，造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over form是指企业应当按照交易或事项的经济实质进行会计核算，而不应当仅仅按照它们的法律形式作为会计核算的依据
Premium Invoice Financial audit General ledger
Sole proprietorship- A business owned by one person Unlimited liability- the owner is responsible for the company’s debt Partnership- a business owned by two or more people Corporation- a company that is registered by state and operates apart from its owners Limited liability - holds a firm’s owner responsible for no more than the capital that they have invested in it. Cooperative- an organization that is owned and operated by its members Nonprofit organization-an organization that focuses
Premium Management Corporation Marketing
Stigma ~Madesi x Nord!reader~ He didn’t know if it was by how he was raised or just seeing the common Nord and Nord‚ Breton and Breton together. He didn’t see much Nord and Khajit or Nord and Argonian. The only thing that could relate to that was the dark elf and Bolli together. They were having problems though and Madesi thought best was to not to get involved. He sighed as he stood at his stand again‚ not being surprised if nothing was bought from him that day. Just another boring day. But‚ this
Premium Germanic languages German language Dutch language
CHAPTER ONE: INTRODUCTION 1.1. BACKGROUND OF THE STUDY Auditing refers to the process of checking and analyzing of financial statements to prove that they give true and fair view of the company and to ensure that they were prepared according to the accounting standards and finally producing a report after their opinion. Internal audit is professional activity involved in helping organizations to achieve their objectives. And the goals using systematic methodology for analyzing business processes
Premium Auditing Audit Internal audit
1. If agricultural tariff and subsidies to producers were removed overnight‚ what would the impact be on the average consumer in develop nations such as the United States and the EU countries. What would be the impact on average farmer? Do you think the total benefits overweight the total costs‚ or vice versa? A. For decades the rich countries of the developed world have levied subsidies on their farmers typically guaranteeing them a minimum price for the products they produce. The aim has been
Premium Developed country Cyprus Developing country
Name: Pham Quang Tu Class: advanced accounting ID : CQ534276 Michael Eugene Porter is a leading authority on company strategy and the competitiveness of nations and regions. Michael Porter’s work is recognized in many governments‚ corporations and academic circles globally. He chairs Harvard Business School’s program dedicated for newly appointed CEOs of very large corporations. Michael Porter’s core field is competition and company strategy. He is generally recognized as the father of the
Premium Porter generic strategies Michael Porter Character creation
Chapter 1 Auditing and Internal Control Review Questions 1. What is the purpose of an IT audit? Response: The purpose of an IT audit is to provide an independent assessment of some technology- or systems-related object‚ such as proper IT implementation‚ or controls over computer resources. Because most modern accounting information systems use IT‚ IT plays a significant role in a financial (external audit)‚ where the purpose is to determine the fairness and accuracy of the financial statements
Premium Auditing Internal control Audit
Case 1.2 1. Revenue recognition principle under GAAP determines the specific conditions under which income becomes realized as revenue. Generally‚ revenue is recognized only when a specific critical event has occurred and the amount of revenue is measurable. For public company‚ performance of financial statement can have significant impact on stock price. It is essential for the users of financial statements to know that the real revenues are recorded and disclosed and not fraudulent revenues.
Premium Generally Accepted Accounting Principles Income statement
Chapter 1: Auditing: Integral to the Economy TRUE/FALSE 1. The need for assurance services arises because the interests of the users of information may be different from that of the interests of those responsible for providing information. ANS: T PTS: 1 OBJ: Demand for Assurances NAT: AACSB-Analytical skills | AICPA BB-Critical thinking 2. An audit of financial statements is a form of attestation service. ANS: T PTS: 1 OBJ: Auditing Defined NAT: AACSB-Analytical skills | AICPA BB-Critical
Premium Auditing Financial audit Audit