evidence than others. There are nine types of audit evidence : 1) Mathematical Recalculation 2) Inquiry 3) Re-performance 4) Analytical Procedures 5) Documentation (inspection of) 6) Confirmation 7) Observation 8) Physical Inspection of Assets 9) Scanning Nature of Evidence • Evidence is any information used by the auditor to determine whether the information being audited is stated in accordance with the established criteria. • Evidence includes information that is highly
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In Chapter 9 in Mansion of the Heart‚ “John of the Cross insists that these Dark Nights are not optional; nor may they be avoided if we are to grow in relationship to God‚ beyond a certain point” (Ashbrook‚ p.165-166) In reference to agreeing to his claim‚ I could personally relate deeply to the topic. Though the experiences of the Dark Night are often rough and unpleasant‚ the Dark Nights ultimately lead us to be closer to God. The symptoms of the Dark Night can make many feel they have done wrong
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Campbell Soup Company 1. Identify legitimate business practices that corporate executives can use for the primary purpose of manipulating or “managing” their company’s reported operating results. Are such practices ethical? Defend your answer. Some examples of legitimate business practices that executives can use to manage their company’s reported operating results include: offering customers extended payment terms at the end of the a period to accelerate sales‚ recording generous reserves
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Chapter 2 Exercises Solutions Answer to end of chapter questions: 2. The labour force is calculated as the sum of the employed and the unemployed‚ which in this case is 22‚000‚000 + 1‚000‚000 = 23‚000‚000. The labour force participation rate is calculated as the ratio of the labour force to the working age population: 23‚000‚000 / 30‚000‚000 = 77 %. The unemployment rate is calculated as the ratio of the number of unemployed workers to the size of the labour force: 1‚000‚000 / 23‚000‚000 = 4
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The concept from course 15 module six that I found most important is ethical behaviors. According to course 15 ethics is behavior based on personal and organizational values. These values guide you through making judgements between right and wrong‚ and these judgements are what make up ethical behaviors. I think this is the most important concept for several reasons. First and foremost‚ it sets the tone for ethical conduct within an organization. It does so in a top down fashion‚ and through
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Chapter 7 Stock Valuation Solution to Problems P7-1. LG 2: Authorized and Available Shares Basic (a) Maximum shares available for sale Authorized shares 2‚000‚000 Less: Shares outstanding 1‚400‚000 Available shares 600‚000 (b) $48‚000‚000Total shares needed 800‚000 shares$60== The firm requires an additional 200‚000 authorized shares to raise the necessary funds at $60 per share. (c) Aspin must amend its corporate charter to authorize the issuance of additional shares. P7-2. LG 2: Preferred Dividends
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This passage is from Chapter 9: A View to a Death. The boys are at Jack’s feast for the celebration of their first successful hunt. After the large meal‚ Jack invites all of Ralph’s followers to join his tribe. Most of them accept‚ Ralph doesn’t. As it starts to rain‚ Jack orders his tribe to do their wild hunting chant and dance. The boys in their wild state mistaken Simon as the beast who creeps out of the forest‚ and is then slaughtered by the boys. In many ways‚ William Golding underlines and
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Theresa Golding BA 418 – Auditing Dr. Charles Pineno April 25‚ 2010 PART 1: “Small Firms May Face Audit Music” (published in The Wall Street Journal on April 19‚ 2007) addresses the ending of the delay in applying portions of the Sarbanes-Oxley Act of 2002 to smaller companies. At the time of the article‚ some 6‚000 smaller public companies had yet to be required to “make an annual assessment of their internal financial-reporting controls with further review by the company’s outside auditor of
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1 INTRODUCTION A small-scale business is a business that is privately owned and operated‚ with a small number of employees and relatively low volume of sales. In addition to number of employees‚ other methods used to classify small companies include annual sales (turnover)‚ value of assets and net profit (balance sheet)‚ alone or in a mixed definition. The smallest businesses‚ often located in private homes‚ are called micro businesses (term used by international organizations such as the World
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site achieves this message. The site is able to capture information about its customers through testimonials and reviews. 3. Red Lobster’s closet competitor in the seafood dining business is Joe’s Crab Shack. Check out their web site at www.joescrabshack.com and compare it to Red Lobster’s. How does their marketing approach differ? Do you think they’re appealing to the same types of customers? How does the web site try to get information from its customers? Joe’s Crab Shack appeals more to the young
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