is to benefit the organization and the stakeholders and it is done correctly without false intentions‚ I do not feel that it is unethical. However‚ in most cases earning management is really just a manipulation of the results in an attempt to make the company look better than it really is and basically to deceive the stakeholders. In this case‚ I strongly feel that it is unethical because it is done in an attempt to commit fraud. 2. Suppose that a company uses one or more of the practices that
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Applied Auditing Audit of Plant‚ Property and Equipment – Lecture Definition Property‚ plant and equipment are tangible items that: a) are held for use in the production or supply of goods or services‚ for rental to others‚ or for administrative purposes; and b) are expected to be used during more than one period. Recognition An item of PP&E should be recognised only if its cost can be measured reliably and it is probable that future economic benefits associated with the item will
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Memo To: John Doe From: Team C Date: February 20‚ 2012 Subject: Auditing‚ share-based payment and SPE reporting A publically traded company offers challenges to auditing when it comes to shared-based payment reporting and special-purpose entities (SPE) reporting individually. The most basic principle of GAAP at risk is the qualitative characteristic of reliability. Shared-based payment and SPE reporting individually has been broken down to better equip the audit for our client. It is important
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Case 6.1 Psychological Testing at Dayton Hudson This case is based on psychological testing for prospective employees at a Target store located in California‚ during 1989. The test in question is a combination of two standard tests given to applicants in public safety positions such as a prison guard. Once the test is complete the consulting psychologists rate the job seeker on the following traits: emotional stability‚ interpersonal style‚ addiction potential‚ dependability‚ and rule following
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audit specialists New Client Investigation Continuing Clients Identify Client’s Reasons for Audit Obtain an understanding with the client Develop Overall audit strategy Select staff for engagement Evaluate need for outside specialist 1. 2. 3. 4. 5. 6. 7. II. Understand the Client’s Business and Industry Why is it important? General Standard: “The auditor must obtain a sufficient understanding of the entity and its environment‚ including its
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Phillips Petroleum Case Study Prepared by For Professor C.E. Reese in partial fulfillment of the requirements for ACC 502- Advanced Auditing School of Business/ Graduate Studies St. Thomas University Miami Gardens‚ Fla. Term A1/Spring 2014 February 17‚ 2014 Table of Contents Issues……………………………………………………………….Page 3-4 Facts………………………………………………………………..Page 4-5 Analysis/ Authority………………………………………………...Page 5-8 Conclusions/ Recommendation…………………………………….Page 8 References…………………………………………………………
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92When audit risk is at an appropriately low level 83The possibility that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated 49Investigate the identities and reputations of the client’s directors‚ officers‚ and major stockholders 51The reputation of management 81The company’s financial strength and credit rating. 85Make inquiries of the client’s banker‚ legal counsel‚ and predecessor auditor. 26Determine that independence
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Professional Conduct: An Empirical Investigation of Auditor and Public Perceptions. Journal of Business Ethics‚ (71)‚ 39-71. Retrieved from http://www.springer.com/ Louwers‚ T.‚ Ramsay‚ R.‚ Sinason‚ D.‚ Strawser‚ J.‚ & Thibodeau‚ J. (2011). Auditing & Assurance Services. New York‚ New York: McGraw-Hill/Irwin. Su‚ S. (2006). Cultural Differences and Accounting Ethics: An Empirical Study for Accounting Students. International Journal of Organizational Innovation‚ 165-181. Retrieved from
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Task Four Unit Six In this task I will be evaluating my micro-teaching session‚ the teaching approaches‚ learning approaches and how I created a motivating learning environment‚ by using session evaluation and peer feedback. I decided on delivering a beauty therapy session on how to file and polish a nail‚ as this is my specialism subject I hope to teach one day and also something I am naturally passionate about and the session would be smooth and knowledgeable. As beauty therapy
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Bibliography: Assiouras‚ I.‚ Siomkos‚ G.‚ Skourtis‚ G.‚ & Koniordos‚ M. (2011). Consumer perceptions of corporate social responsibility in the Greek mobile telecommunication industry. Internal Journal of Management Cases‚ 210-216. Beneke‚ J.‚ Wannke‚ N.‚ Pelteret‚ E.‚ Tladi‚ T.‚ & Gordon‚ D. (2012‚ March). Dont ’s bank on it: Delineating the relationship between corporate social responsibility and retail banking affinity. South African Journal of Business Management
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