The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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456 Chapter Eleven Appendix 11B Illustrative Audit Case: Keystone Computers & Networks‚ Inc. Part III: Substantive Tests—Accounts Receivable and Revenue This part of the audit case illustrates the manner in which the auditors design substantive tests of balances. The substantive tests are illustrated for two accounts—receivables and revenue. This aspect of the audit is illustrated with the following audit documentation: • ABC’s risk assessment working paper that combines the auditors’ assessments
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theft. D. Expected effectiveness of controls. 13. The risk that an auditor’s procedures will lead to the conclusion that a material misstatement does not exist in an account balance when‚ in fact‚ such misstatement does exist is referred to as A. Audit risk B. Inherent risk C. Control risk D. Detection risk 14. Evidential matter concerning proper segregation of duties ordinarily is best obtained by A. Preparation of a flowchart of duties performed by available personnel. B. Inquiring whether
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In this poem‚ Kinnell demonstrates a profound metaphoric relationship between the tangible objects of blackberries‚ and the intangible objects of words. He feels an attraction to blackberries such as with taste‚ touch‚ and appearance. That notion is supported throughout the poem. For example‚ line 7 states the following: "Lifting the stalks to my mouth‚ the ripest berries‚" illustrating his love for the taste of delectable fruits. Furthermore‚ it demonstrates the sensory characteristics of touch
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that centre on memories of his childhood‚ growing up on a farm in the Irish countryside. Here he recalls the annual experience of picking wild fruit in late summer. Heaney uses assonance in his phrase ’glossy purple clot’ to describe the first blackberry that ripened and stood out from others pictured with the simile as being still ’hard as a knot’. Heaney compares the taste of the first ripe berry to the sweetness of ’thickened wine’. He uses the metaphor ’summer’s blood’ to express the redness
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Seamus Heaney in his poem Blackberry picking conveys the experience of picking blackberries by using imagery‚ metaphor and diction. In this poem‚ he states the steps used during blackberry picking and how upsetting it is to have your hard work go to waste. Heaney opens the poem by describing the weather condition which shows what time of the year is usually good for berries to be picked. Then‚ he goes further to describe the condition of berries and then states what to expect when you pick the
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SEMESTER 1‚ 2013 SEMINAR 9 - PROBLEM QUESTIONS PROBLEM 9.1 While assessing the risk of material misstatement and determining the appropriate response with regard to the inventory of Ace Computers Ltd (Ace) for the year ended 30 June 2011 audit‚ you become aware of the following information: 1. The best-selling computer presentation package has been experiencing a high level of returns owing to suspected software problems. 2. Based on closing inventory‚ inventory turned over
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Flash Technologies‚ Inc Memo to the Planning File by Audit Manager – General Information 12/31/2008 General Background Information Emanuel “Manny” Schwimez‚ is the CEO and chairman of the board of Flash. Mr. Schwimez is originally from Tel Aviv. He has an impressive resume‚ including a master’s degree from the London School of Economics and many years of eexecutive-level experience. He has led several high technology companies in the U.S and abroad since the early 1970’s. In 1990 he became president
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Page number Executive summary 4 Introduction 5 Audit in brief: 6 History of auditing profession in Bangladesh 6-10 Ending summary 10-11 conclusion 11 Executive summary: The development of auditing profession in an emerging economy Bangladesh is analyzed here. This report aims to discuss the historical background and evolution of auditing. It is found that auditing has evolved through a number of stages. In the mid 1800s to early 1900s‚ the audit practice was considered as traditional conformance
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"Blackberry picking" The poem starts off with the sense of a summer day where rain would fall‚ and the sun would appear. Giving an imagery perspective from like three where is said "a glossy purple cloth" This line give you an idea of how bright and juicy this berry must be given that it is a metaphor to a blood clot meaning it is ripe and ready to be picked. Also‚ the other berries are not as ripe as this particular one‚ the one is hard and cannot eat or picked. "You ate the first one‚ and its
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