Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol.4‚ No.6‚ 2013 www.iiste.org Audit Practice in Global Perspective: Present And Future Challenges AbdulFattah AbdulGaniyy Department of Accountancy‚ The Federal Polytechnic‚ Kaura Namoda‚ Nigeria. * E-mail of the corresponding author:abuaishah1425@yahoo.com Abstract This paper discusses the history of audit and its development particularly Enron and Worldcom scandals as some of the audit failures that increased
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corroborate that the information provided by their client is reliable and valid. There are two main types of confirmations that are related to where corroborate the information obtained and these are the internal and external confirmations. In addition‚ there are two types of external confirmations related to corroborate the information requested and there are the positive and negative confirmations. Internal Confirmations The internal confirmations are information given by people inside of the company
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internal validity? Yes‚ the study has internal validity because it can be concluded that there is a cause and effect between rofecoxib use and an increase in cardiovascular risk. Does the study have external validity? Is it relevant to your problem/situation/practice? The study does not have external validity because of the past medical history of the patients involved. They had a history of colorectal adenoma and the study didn’t specify the severity of disease. The study is relevant to pharmacy
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Fraud in an Audit of Financial Statements”. New York: IFAC. KPMG‚ 2006. Massive surge in fraud in 2005. [online] Available at:<http://www.kpmg.co.uk/news/detail> [Accessed 7 April 2011]. Porter‚ B.‚ Simon‚ J.‚ Hatherly‚ D.‚ 2008. Principles of External Auditing. 3rd edition. Chichester: John Wiley & Sons‚ Ltd. Ramos‚ M.‚ 2003. Auditors’ responsibility for fraud detection. Journal of Accountancy‚ Online Issues‚ pp.1-11.
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The most influential and long lasting effect that SOX had on financial reporting was the creation of the PCAOB. One of the biggest issues before 2002 was that laws weren’t being enforced. With the creation of this private company it would ensure that all laws and guidelines set in place were effective. The PCAOB is different from other companies because unlike others before it they were allowed to imposed taxes on auditing companies and public companies which allowed them a different budget that
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RUNNING HEAD: THE ATTITUDES OF COLLEGE STUDENTS TOWARD MARRIAGE THE ATTITUDES OF COLLEGE STUDENTS TOWARD MARRIAGE Begüm Naz Fidan Fulya Kübra Güneri Melda Çelik Seçkin Uğurcan Instructor: Serap Keleş Research Methods-II PSY2016 Abstract This study examined the attitudes of college students toward marriage with the aim of understanding the perception of different age cohort college students opinions about getting married and the term marriage itself. Data was collected
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INTRODUCTION: 9 Background of auditing educational institutions: 9 Reasons and purposes of auditing school accounts: 10 Expectations of the schools’ accounts auditor: 12 Types of auditing 13 Internal auditing 14 External auditing: 15 Records and books of accounts for external auditing. 17 Audit report 21 CONCLUSION 22 Reference 23 INTRODUCTION Since schools are public agencies‚ their raising and spending of money must be reviewed on a yearly and needs basis. This paper reviews auditing
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INTRODUCTION There has been considerable interest in recent years in the role of the audit committee as a key corporate governance mechanism. Corporate governance committees and regulators around the world have addressed the need for effective audit committees‚ with many requiring that listed companies must have a committee (European Union (EU) 8th Company Law Directive‚ 2006; Smith Report‚ 2003; United States (US) Congress‚ 2002). Recognising that the existence of a committee does not
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Denise Brown M02076442 Gillian Clarke Foundation Degree in Payroll Management (September 2014) FDPP 1226 Provision of Effective and Efficient Administration 9Th February 2015 Contents Page Introduction 3 Main Report 3 Pay Methods and Procedures 3 Appropriateness of methods and procedures against Audit requirements 5 Design and distribution of payroll outputs 7 Application of quality standards to the payroll function 8 Conclusion 10 Recommendations
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Issues December 16‚ 2008: Satyam board approved a 51% stake acquisition of Maytas Infra‚ a listed company in the Bombay Stock Exchange for US$1.3 billion and 100% stake in unlisted firm Maytas Properties for US$300 million. Both of these firms were in the construction and real estate business and Satyam’s chairman‚ Ramalinga Raju family held a 36% stake in Mayta’s Infra and 35% stake in Maytas Properties. Implication: The deal was seen as a way of diverting cash from Satyam’s shareholder to Satyam’s
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