ABSTRACT The purpose of this paper is to identify the existence of audit committee and the practice of corporate governance in public sector entities. The requirement of audit committee and corporate governance has been increase in the corporate sector and also in public sector but there are small differences in the implementation between this two sector that has been discuss in this study. This study also discuss about the characteristic of audit committee‚ effectiveness of audit committee‚ the
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accounting firm are as follow : (Local Regional National Big 4 Alternative Practice Structures) Also there are different types of accounting firm such as public accounting‚ Tax accounting‚ forensic accounting‚ bookkeeping. The name of external auditor of unikai is )Mohammed tareq( KPMG lower gulf limited. 2- The auditors have great roles to play in the society‚ there are many hypothesis that shows why the audits is demanded in our society.
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Vietnam National University – International School HELP Bachelor of Business (Hons) ACC303 Auditing & Assurance Services Assignment Year 3‚ Semester 2‚ Batch 11 March 2015 Date of Release: 25 May 2015 ASSESSMENT DETAILS Due Date: 8 June 2015 Value: 20% of total assessment for this subject GENERAL INSTRUCTIONS: 1. Please take note that copying the work of others‚ allowing others to copy your work‚ and / or attempting to do any of the above mentioned will result in automatic failure of your
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of users. If the auditor were to favor one group‚ such as existing shareholders‚ there might be a bias against another group‚ such as prospective investors. a. What steps has the external auditing profession taken to minimize potential bias toward important users and thereby encourage auditor independence? ---The external auditing profession as a whole has became more concentrated on maintaining auditor independence and it is now one of the cornerstones of quality auditing. One way that independence
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earnings from 1997 to 2000. Several parties got their hands dirty in the scandal‚ including the then senior Xerox management‚ the Board of Directors and external auditor KPMG LLP. The failure of those parties in discharging their duties induces the further thought of trust and accountability among them and shareholders. Furthermore‚ the external environment in 1990s‚ including economic bubble boom‚ irrational investors‚ fierce industrial competition and ineffective regulations on audit‚ provided
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1.26 Value of auditing Required: Would you obtain an audit for this company? Explain the reasons for your decision. Yes‚ audits exist because of regulatory mandate (required by government). There are three theories which propose reasons why demand for audits might exist without regulatory mandate: 1. Agency theory (The focus of the agency demand for auditing is more related to the stewardship role of accounting- which is more an examination of what has happened.) The separation of ownership
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Introduction: AL and MO is a building contractor‚ it is a middle sized company with turnover of nearly £15 million‚ but internal company has lots of problems‚ it will discover the fraud. As an accountant in this company‚ it is necessary to find the weakness in company and help the company to solve the current problem to consummate the system. It will make the company do batter in the future. Content: (a) Weaknesses in internal control and improve Weakness 1 :This company has no internal
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examples of the SWOT analysis showing internal strength‚ external weakness‚ external opportunity‚ and external threat? Internal Strengths Prices are very affordable making their competition’s customers come to them. Internal Weaknesses Since the company’s sales are all online‚ it may be a challenge to switch to retail. External Opportunities The population in New York is becoming over-populated‚ thus more online customers. External Threats When the interest rates increase‚ the consumer
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GRADUATE SCHOOL OF MANAGEMENT FIN 6650 Accounting and Control for Islamic Institutions Group Assignment: “Issues and Challenges of Shariah Audit: Post IFSA 2013 Establishment” Prepared for: Assoc. Prof. Dr. Noraini Mohd. Ariffin Prepared by: Siti Azrai Binti Ahmad Akil G1019578 Mirzohid Nizamidiniv G1124429 Asaad Mohamed G1311795 Table of Contents ABSTRACT 3 CHAPTER ONE 4 INTRODUCTION 4 1.1 BACKGROUND OF THE STUDY 4 1.2 RESEARCH QUESTIONS 5 1.3 RESEARCH OBJECTIVES 6
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Q 2.5 ■ The external auditor is the person appointed by the local government under the Local Government Act 1995 to undertake an audit of the accounts and financial report for each financial year. ■ The internal auditor is the person appointed by the local government to undertake an audit of the adequacy and effectiveness of the internal control structure and may include financial controls‚ legislative compliance‚ information systems‚ employment practices and risk management. The primary role
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