[pic] ACCTG 312 FC 2011: Assignment 1 Current issues – scandals in auditing Introduction • For this assignment‚ you are required to research and report back on one of four well known scandals that involve auditors in some way. • It can be commenced after week 1 lectures are completed‚ so gives you a chance to get part of your semester’s work done early. It is due in week 3 (Thursday at 4 pm). • You will also be required to very briefly report to your tutorial group on one interesting
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Generally Accepted Auditing Standards Maxx Mayeux ACC/490 February 22nd‚ 2012 Linda Carr Generally Accepted Auditing Standard • Describe how these standards apply to financial‚ operational‚ and compliance audits. • Explain the effect that the Sarbanes-Oxley Act of 2002‚ and the Public Company Accounting Oversight Board (PCAOB)‚ will have on audits of publicly traded companies. • Discuss the additional requirements that are placed on auditors from this act and the actions
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REVISION LECTURE PAST EXAMS QUESTIONS: These questions are for practice only. They are not at all an indication of the questions on the actual exams. All topics need to be revised from topic 4 onwards for the exam. These questions and possible answers will be discussed during revision lecture. Solution will not be provided on the learning hub. Section A (Short answer) 1. List and briefly explain four factors that contribute to the need for financial report audits. Increasing reliability
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doubt is needed in the financial statements (including the footnotes) and the audit report. If client disclosures appear inadequate‚ the auditor should document conclusions whether a qualified or adverse audit opinion should be expressed. Regular auditing procedures that may identify conditions and events that indicate a going concern problem include the following: 1. Analytical procedures – Analytical procedures used as a substantive test or used in the planning and overall review stages of the audit
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Entrance Examination System Documentation Members: John Paul Conde John Mark Monilla Jocel Floirendo Sebastian Barot Kenneil Khong Hun Table of Contents Chapter 1 – Basic Planning Phase 1.1 Background of the Company 1.2 Project Study Definition & Description 1.2.1 Description of the Study 1.2.2 Policies Related to the Study 1.2.3 Definition of Terms 1.3 Scope & Limitation of the Study 1.4 Task & Duration of the Study 1.5 Duties & Responsibilities
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Examinations are a fair gauge of a student’s ability. Discuss. Scholastic tests are unjust barometers for students’ aptitudes as they are one-off gauges of understanding of the subjects‚ which may be unfair as psychological factors could come into play. Moreover‚ students with a clearer perception of the standard methods and types of questions will excel better than others‚ meaning that scoring well for an examination will not just be based on ability of application for a subject but rather on
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ONLINE EXAMINATION SYSTEM In Partial Fulfillment Of the Requirements for the Degree Bachelor of Science in Information Technology KANE LORAINE C. FELIPE EDRALYN N. MENDOZA MARJORIE G. REGIDOR SHARMAINE H. OJASCASTRO Submitted to: Sizzaira Valdez ABSTRACT The purpose of the system is to develop Online Examination System.‚ used to test the Domain knowledge of the students‚ and employees with respect to the particular technology. The manual procedure used for conducting exam
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Following are some of the most extreme examples of gross misconduct regarding fraud in our history. The Waste Management Scandal in 1998. They reported 1.7 billion in fake earnings by increasing the length of depreciation time for property‚ plant and equipment on the balance Page 2 sheets. The fraud was detected when a new CEO was brought in and the new management team went through the books. Motivation seems to be that this publicly traded company needed to keep stock prices up to keep investors
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Accounting Fraud at WorldCom LDDS began operations in 1984 offering services to local retail and commercial customers in the southern states. It was initially a loss making enterprise‚ and thus hired Bernie J. (Bernie) Ebbers to run things. It took him less than a year to make the company profitable. By the end of 1993‚ LDDS was the fourth largest long distance carrier in the United States. After a shareholder vote in May 1995‚ the company officially came to be known as WorldCom. WorldCom culture
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distance learning and conduct online examination at anywhere in the world. Online examinations have become a cost-effective and popular means of assessing student knowledge. An online question bank and examination system is a relatively new and rapidly expanding system. Most of the present systems were designed to grade students based on how well they have done on their examination. These systems were designed with the concept of traditional paper-based examination in mind. (2011‚ 02). Online Exam
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