Certified Public Accountant As a Public Accountant you must have strong knowledge in accounting or at least work with the firm. Strong leadership and critical thinking‚ decision making is one of the responsibilities as an accountant. The word Public Accountant is to serve with the government and knowledge about Law’s making accurate financial statements; balance sheet‚ income statement‚ statements of cash flow including auditing‚ reporting‚ posting and balancing. An Accountant must be a positive
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drastically changed throughout the course of his or her lifetime. Most of us have dreamt about being a famous actor‚ singer‚ or even a athlete. Due to life circumstances those dreams were taken away or have changed. I realized that this had happened to me not once but twice. I didn’t expect it to happen because I was a very athletic person. This brings me to the events that changed my life from wanting to be a soccer player to now wanting to be an accountant. It all began when I wasn’t born yet. According
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Recommendation Brief for an Internal Accountant Recommendation Brief for an Internal Accountant A client has an out-of-control system that is in need of change to get it back into control. Internal controls are an important part of a company. The role of internal controls is to keep mistakes from occurring as much as possible. It also aids in preventing individuals from being dishonest. The system the client is using is out-of-control‚ and it is highly recommended that the company
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financial statements of an enterprise by a duly appointed auditor in pursuance of a relevant statutory or professional obligation”. Independent – an auditor is remote from the enterprise that he/she is reporting on. This independence is defined by law and professional practice. Opinion – an auditor gives an opinion. He does not certify or guarantee the financial statements as accurate or free from error or irregularity. Financial statements are themselves imprecise because they are based on judgements
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public confidence in the global auditing and assurance professions. They are dealing with auditing‚ review‚ other assurance‚ quality control‚ and related services. The International standards on auditing are issued by the International federation of accountants which then is through the International auditing and assurance standards board. It is their performance of the financial audit to gather the financial information. B. The due process is to ensure that the views of the standards and guidance are
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THE ROLE OF AN ACCOUNTANT IN THE IMPLEMENTATION OF IFRS It is often said that an organization without an accountant is not a serious organization as it has no credibility. This is because the accountant is seen as the financial “gatekeeper” whose presence within an establishment underlines a commitment to sound financial principles and good business values. It is known that almost all aspect of human activities have undergone changes globally as a result of improvements in hi-tech Information and
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also dedicated to rebalancing the accountancy profession by educating society regarding the business building role of management accountants and finance professionals working inside organizations. Most importantly‚ it provides a dynamic forum for management accounting and financial professionals to develop and advance their careers through its Certified Management Accountant. Benefits of IMA Being a member in the IMA perks up your leadership‚ management‚ and decision making abilities; many members
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Stacey Kay O. Fortuna 9:00 – 12:00‚ TTH November 29‚ 2011 Why Good Accountants Do Bad Audits The Article on Why Good Accountants Do Bad Audits specifies the different reasons why accountants and auditors have taken part – consciously and unconsciously – in different accounting scandals. The signing of the Sarbanes – Oxley Act of 2002 wishes to achieve corporate accountability. But the signing of this act doesn’t guarantee that accountants and auditors will not feed on their unconscious self – serving
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John Mullin Audit 5610 Case 6.7 9/25/12 Hamilton Wong‚ In-Charge Accountant 1. If I were placed in Hamilton Wong’s position I would report all of my time worked during the audit of Wille & Lomax. This practice of “eating time” is unethical. While most accounting firms probably feel this type of practice is unacceptable‚ it still happens. If you don’t report all your worked time‚ how does the firm bill their clients properly? What about future audits for the same company? If underreporting
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management includes strategic analysis‚ strategy formulation‚ strategic choice‚ strategy implementation and control strategic decision for an organization to deploy resources into new opportunities. Strategic management is important for Chartered Accountants‚ CEO‚ Directors‚ Managing Directors‚ Strategy Planners‚ Students and Faculty Members of BBM‚ MBA‚ M.Com‚ PGDM‚ PGDBM‚ PGDHRM‚ ICFAI and competitive examinations in India and abroad. I invite suggestions from one and all for improvements in next
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