due to shortage of fund. The requirement of the company’s Audited Financial Statements for the last two years by the bank‚ was when Encik Zayed realized that the company had not performed the statutory audit. In July‚ 2006 Encik Zayed engaged the external auditor Aziz & Co and the auditor expressed their intention to qualify the financial statement due to several unresolved issues. However Encik Zayed and his wife tried to negotiate with the auditor not to qualify the Financial Statement. Encik
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of the fiscal year most of the auditing will focus on the last three months of the fiscal year thus allowing for a comprehensive audit and early completion of the audit reports. An interim audit does not usually yield any formal reports from the external auditors. An interim audit is type of auditing strategy that is normally utilized at some point during the current fiscal year. This type of audit makes it possible to complete at least some of the tasks that are involved with the preparation
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Synopsis Enron was believed to be the company to take over the world in the 1990’s. The company was growing at exponential rates that were unheard of at the time. It was ranked among the 7 top corporations in the world peaking at a net worth of $70 billion. The company’s overwhelming wealth and success gave birth to some overconfident and ultimately greedy people within the company. In the end‚ Enron fell due to falsification of financial records‚ reporting profits well in excess of the actual. “On
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26 November 2013 The Grizzly Bear Lodge Mini Case Owning and operating a lodge can be a lot of work‚ but rewarding at the same time. Customers come to a lodge to relax and get away from their daily routine. When staying the night away from home‚ it is important to the customer that the staff at the lodge makes their stay as comfortable as possible. In this case The Grizzly Bear Lodge will be examined. It will look at the service they provide in addition to their expansion opportunities.
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gathered in Assessment Task 2 and present a report describing and auditing marketing activities of the case study organisation. Assessment description Prepare a marketing audit report for the case study organisation you have completed internal and external audits for‚ using the report format determined in Assessment Task 2. You will need to outline the data you gathered and collated and examine its alignment with the marketing plan. Note: ‘Excerpt from letter of appointment’ is different to that found
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million) a permanent exemption from complying with the Sarbanes-Oxley (SOX) Section 404(b). The Section 404(b) would have required these smaller companies to do what larger companies over the $75 million market cap are currently doing; requiring an external auditor to audit their internal controls over financial reporting. However‚ what may seem like a huge win for the smaller companies who long have complained about the cost out weighing the benefits of complying with the standard‚ does not appear
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APL‚ Sun Guard  EDUCATION AND TRAINING â Fixed Income/Equity Support â Reconciliations â Manage /Track Trade Settlements â Foster Strong Business/Client Relations â Trade lifecycle processing â Data Validation / Reporting â External Audit â Quickly Resolve Trade/Account Issues Professional Experience December 2010 to Present: Citigroup â Global Transaction Services New York‚ NY Assistant Vice President â Supervise 3-5
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Name: Siqi Zhao Date: 1/14/2015 To: A424 Case 1.2 Subject: Case Questions 1. Since E&Y performs its auditing duties merely as an external auditor for Lehman‚ the scope of auditing work should be based on the audit needs from Lehman. On the other hand‚ it is very important for external auditors to keep the independent and objective standpoint in order to ensure their auditing opinions are effective. E&Y did not have a responsibility to be involved in the development process of new
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b. Subsidiary objective • to detect errors and fraud in the accounting records and/or financial statements • to give advice on the clients’ internal control system. 2. TYPES OF AUDITS 1. External or Statutory Audit • Examination of the truth and fairness of financial statements by independent auditors. Hong Kong Companies Ordinance requires the financial statements of limited companies to be audited each year. 2. Internal or
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Data Trappers‚ Inc. Data Trappers‚ Inc. (DTI) is an SEC registrant headquartered in Seattle‚ Washington. DTI delivers security solutions to assist companies in monitoring their systems‚ managing information security risk and maintaining robust information security programs. Their computer software offerings encompass network and information security‚ network operations‚ cryptography‚ and privacy‚ among others. As a global organization with subsidiaries in 23 countries‚ DTI is served by more than
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