Community Property July 1994 #1 California (CA) is a community property state. All property acquired by spouses during marriage is presumptively the spouses’ community property (CP)‚ while all property acquired before marriage or upon divorce or after permanent separation is presumed to be the acquiring spouse’s separate property (SP). In addition all property acquired by a gift‚ devise‚ and descent or through inheritance is presumed to be the acquiring spouse’s SP. However‚ the spouses may change
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Page 1 of 7 CPA REVIEW SCHOOL OF THE PHILIPPINES Manila AUDITING THEORY Professional Accounting Practice Related PSA : Preface to PSA and Related Services 1. The following statements relate to the accounting profession: I. To merit public trust and confidence‚ the professional person must convince the public that he will place public service ahead of personal reward. II. A CPA certificate is evidence of basic competence in the discipline of accounting at the time the certificate
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Page 1 of 15 CEBU CPAR CENTER Mandaue City‚ Cebu AUDITING THEORY AUDITING IN A COMPUTER INFORMATION SYSTEMS (CIS) ENVIRONMENT Related PSAs/PAPSs: PSA 401; PAPS 1001‚ 1002‚ 1003‚ 1008 and 1009 PSA 401 – Auditing in a Computer Information Systems (CIS) Environment 1. Which statement is incorrect when auditing in a CIS environment? a. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit
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this study deliberate that‚ the risks management and corporate governance related activities of internal auditors are incorporated merely as statutory obligations and do not provide additional value to the stakeholders. We assert that that internal auditing in Tanzania commercial banks is still embracing the conservative approach which is primarily concerned with compliance and monitoring rather than adopting value added approach. The inference of the study is more crucial to the agency theory whereby
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AUDIT EVIDENCE Audit Evidence Definition : All the information used by the auditor in arriving at the conclusions on which the audit opinion is based. This includes the information contained in the account records underlying the financial statements and other information. Additionally‚ audit evidence should be persuasive‚ rather than convincing. There are different levels of reliability of audit evidence‚ some providing more evidence than others. There are nine types of audit evidence
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1Chapter 26 Internal and Governmental Financial Auditing and Operational Auditing Review Questions 26-1 Internal auditors who perform financial auditing are responsible for evaluating whether their company’s internal controls are designed and operating effectively and whether the financial statements are fairly presented. This responsibility is essentially the same as the responsibility of external auditors who perform financial audits. The two types of auditors are also similar in that
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obligations and future obligations in relation to credit voucher redemption rates. The PPE account is possibly overstated as it is hard to predict the next scheduled heavy maintenance especially for the new aircraft model and value of the leasehold properties are easily to be overstated. Finally the intangible asset account can be overstated‚ which is indicated by the the difficulty of the valuation of Sabre Sonic software and fair value of goodwill. 1. Information of Virgin Australia 1.1 Sources
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Ashley Reid January 30‚ 2013 Informative Speech Outline If you could pick your dream vacation‚ where would it be? Which city‚ state‚ or country? Mine would be to the beautiful country of Jamaica. As I stated at the beginning of the semester‚ I am Jamaican. I was not born there‚ however‚ Jamaican is my heritage and both of my parents were born there‚ so technically being born in the U.S doesn’t have an effect on my background or culture. There are many reasons why I know I would want my dream
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Introduction Jamaica is the third most populous Anglophone country in the Americas after the United States and Canada. Although a small island in the Caribbean Sea‚ Jamaica is a melting pot of cultures from all around the world. From the beggining‚ the island was inhabited by ancient tribes with different coustoms‚ beliefs and backrounds. Since Columbus discovered the island in 1494 nothing remained the same‚ the Spanish colonists assumed control of the island and forced most of it’s native
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Definitions (2) 1. An examination and verification of a company’s financial and accounting records and supporting documents by a professional‚ such as a Certified Public Accountant. 2. An audit is an IRS examination of an individual or corporation’s tax return‚ to verify its accuracy. There are three types of audits: correspondence audits (the IRS mails a request for additional information)‚ office audits (an interview is conducted at a local IRS office)‚ and field audits (an interview is conducted
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