2nd year‚ it does not allow sufficient time for auditor to detect material misstatement. This is due to lack of experience in understanding of the company? Repeat engagement over the years to come would reduce inherent risk Thus‚ the 2nd year of audit would increase inherent risk. b)The bank requires that a/ the company’s interest coverage ratio should be above 9‚ in order to provide loans to the client. From the extract of the audit client’s financial data in 2012‚ the interest coverage ratio
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Homework week 1 advanced Linux Page 556 chapter 13 questions 1-6 Why would you use http or ftp instead of bit torrent for downloading large files? == you would use ftp because it does not have client authorization needed‚ and you would use http because it connects directly to a server to download when with bit torrent uses more TCP connections which can be blocked by firewalls.. Which command would you give to update all installed packages using yum? == yum update but if you are using older
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technology is used for significant accounting processing. The three strategies for testing internal controls would first be to assess a control risk based on user controls. This can be done by comparing computer-generated output with the source documents that can support the transactions. The second strategy would be by planning for a low control risk assessment based on application controls. This means that the auditor should test the computer application controls‚ test the computer general controls
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Board of Directors‚ President and CEO Apollo Shoes Inc. 100 Shoe Plaza Shoetown‚ ME 00001 Dear Mr. Lancaster‚ Please let me introduce ourselves as a reliable auditing and assurance firm – Anderson‚ Old‚ and Watershed (AOW). With our reliable partners and associates‚ we offer dependable auditing services. We have the latest auditing tools‚ resources‚ and personnel to give your company a high-quality and reliable audit. Our services are reputably known for procedural excellence‚ professional independence
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World History Chapter 13 Test Review Camels carried much of the trade across the desert. Camels were a crucial factor in trans-Saharan trade. They were well-adapted to desert conditions and could drink large quantities of water at one time. Coral In the fourteenth century in Kilwa‚ two monumental buildings were constructed of coral cut from the cliffs along the shore. One was the Great Mosque of Kilwa. Even grander was the Husuni Kubwa palace‚ an enormous cliff-top building with more than 100 rooms
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Auditing Research Paper “Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria” (Arens A.‚ Elder R. J.‚ Beasley M. S. 2010). Auditing of a company should be done by an independent person that has no affiliation with the company that is being audited. The auditor needs to be educated enough to process the audit. There are three different types of auditors‚ external
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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
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Chapter 13: A House Divided (1840-1861) Thomas Crawford designed the capitol building with lady liberty on top. This was an issue for many ppl: showed how nearly everything was in question now. Fruits of Manifest Destiny Continental Expansion Ppl started moving west The Mormons’ Trek Went to modern-day Utah: founded by Joseph Smith (polygamy) National boundaries meant little to those who moved West The Mexican Frontier: New Mexico and California Mexico achieved independence from Spain in
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document‚ except as permitted by law. Contact permissions@ifac.org. ISBN: 978-1-934779-92-7 HANDBOOK OF INTERNATIONAL STANDARDS ON AUDITING AND QUALITY CONTROL 2009 EDITION Scope of this Handbook This handbook brings together all the International Standards on Auditing and the International Standard on Quality Control that have been redrafted by the International Auditing and Assurance Standards Board (IAASB) to improve their clarity (Clarity
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chapter 1 BUSINESS ETHICS‚ THE CHANGING ENVIRONMENT‚ AND STAKEHOLDER MANAGEMENT |TOPICS COVERED | 1.1 Business Ethics and the Changing Environment 1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER? 1.3 LEVELS OF BUSINESS ETHICS 1.4 FIVE MYTHS ABOUT BUSINESS ETHICS 1.5 WHY USE ETHICAL REASONING IN BUSINESS? 1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINED
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