respect that the writer has chosen this topic: The impact of Internal auditing in the telecommunication industry with Vodafone Ghana Limited as the case study. 1.0 BACKGROUND OF THE STUDY Mautz and Sharaf (1961) defines auditing as a systematic process of objectivity; obtaining and evaluating evidence against assertion and established criteria and commence communicating the results to interested users. Internal auditing is an independent appraisal functions established within an organization
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Philadelphia‚ PA 19104-2875 Douglas Ziegenfuss College of Business and Public Administration Old Dominion University Norfolk‚ VA 23529 dziegenf@odu.edu November 28‚ 2010 We thank the Institute of Internal Auditors for access to the Global Auditing Information Network (GAIN) database. We thank Chris Hogan‚ Barry Brian‚ and seminar participants at the University of Tennessee for their helpful comments. a Corresponding author The Impact of Internal Audit Function Quality and Contribution on
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Generally Accepted Auditing Standards Paper University of Phoenix ACC 490 Auditing February 7‚ 2011 Generally Accepted Auditing Standards Paper Every auditor is expected to follow the standards of the industry while conducting audits for clients. The most widely used standards were originally established in the 1940s and were adopted by the Public Company Accounting Oversight Board PCAOB in 2003 and are referred to as the Generally Accepted Auditing Standards GAAS (Boynton & Johnson‚ 2006)
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financial sector in Africa: A proposal. Savings and Development‚ 1: 5–22. 95 Belay Kassa‚ 1998 Braverman‚ A. and J.L .Guasch. 1986. Rural credit markets and institutions in developing countries: Lessons for policy analysis from practice and modern theory. World Development‚ 14(10): 1253– 1267. http://www.thefreeonlinedictionary Getaneh Gobezie‚ 2005a 97 IPMS‚ 2005 Penchansky‚ R. and Thomas‚ W. J.‚ 1981. The Concept of Access: Definition and Relationship to Consumer Satisfaction. Medical Care‚ 19(2):
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II. Accounting and Auditing in the Philippines T his chapter presents an overview of Philippine accounting and auditing arrangements. It provides context for the following chapters on professional infrastructure‚ accounting and auditing standards‚ accounting and auditing training‚ and government budgeting and accounting arrangements. The chapter comprises eight sections‚ as follows: Part One: Accounting 1 – Introduction – identifies historical factors that have influenced accounting arrangements
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(Components of internal control) The chapter identified five components of internal control. Listed below are specific control policies and procedures prescribed by Suntron Company. 1. Management gives careful consideration to the requisite knowledge and skills personnel need at all levels of the organization. Control environment. Planning‚ executing‚ controlling‚ and monitoring and entity’s activity is what is used to develop an overall framework for an entity to meet its objectives. 2
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Nature of Auditing and the Public Accounting Profession 1. Auditing neither creates goods nor adds utility to existing goods and therefore does not add value to business. Auditing exists only because it has been legally mandated. Auditing exists because it is needed by the company. It is beneficial to users who need assurance if their financial statements reflect economic conditions that occurred in a period. Without reliable information‚ companies might make less effective decisions which
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North Face North Face Tabitha E. Taylor Professor Ashley Harper Advanced Auditing May 05‚ 2013 As an auditor‚ my job is to examine companies’ financial statements and make sure the information correctly reflects the economic events that occurred during the accounting period. When a mistake is found the auditor determines if the misstatement is material or immaterial. Misstatements are material when they affect a person’s decision using the financial statements and are immaterial if there
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Auditing‚ 12e (Arens) Chapter 1 The Demand for an Auditing and Assurance Profession 1.1 Identify the components of an audit and explain why there is a demand for audits 1) Which of the following illustrates the definition of auditing with respect to the evidence analysis process? A) accumulation and evaluation of evidence about balance sheet accounts B) learning about different types of computing technology‚ such as mainframes C) writing an operational audit report that is tailored to the client’s
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Chapter 13 Auditing the Inventory Management Process Answer Key True / False Questions 1. The "cradle-to-grave" cycle for inventory begins when goods are purchased and stored and ends when the finished goods are shipped to customers. TRUE AACSB: Analytic AICPA BB: Industry AICPA FN: Decision Making Blooms: Remember Difficulty: 1 Easy Learning Objective: 13-01 Develop an understanding of the inventory management process. Topic: Overview of Inventory Management Process 2. A receiving
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