STATE AUDITING IN THE PHILIPPINES Reported by: MYRLA P. SEDENIO RUTH C. TACUJAN A. OBJECTIVES I. To Discuss the State Audit System 2. To Identify Issues and Limitations of Government Auditing 3. To Discuss the Measurement of Government Performance B. INTRODUCTION The Philippine Constitution emphasizes the importance of accountability in the government. Article XI simply and bluntly begins: “Public office is a public trust‚” before it adds that officials and employees
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Chapter 25 Notes Hard Facts: Manchuria: Japan takes over the providence of Manchuria‚ China‚ in 1931. Due to this the League of Nations began to fail. Shortly after Japan withdrew from the leave and took over the rest of China. Due to this the threat in Asia and the Pacific increased. This was the first event leading up to the war. Benito Mussolini: Italian Fascist who became dictator. He supported the World War and joined forces with Nazi Germany to for the Rome-Berlin Axis. Nazis: National
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Additional Cases for the Course The case readings have been developed solely as a basis for class discussion. The case readings are not intended to serve as a source of primary data or as an illustration of effective or ineffective auditing. Reprinted by permission from Jay C. Thibodeau and Deborah Freier. Copyright © Jay C. Thibodeau and Deborah Freier; all rights reserved. 1••• ( Case 61 ® Enron Enrori’s First Few Years hi~ 1985 Enron had assets along the three major stages of the supply
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Auditing Theory 1. A control which relates to all parts of the EDP system is called a(n) a. Systems control c. Applications control b. General control d. Universal control 2. Which of the following is not an output control? a. Proper authorization of transaction b. Control totals c. Check digits d. Adequate documents 3. Should the auditor feel‚ after obtaining an understanding of the EDP internal control structure‚ that control risk cannot be reduced‚ he or she will a. Issue a disclaimer b. Issue
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SCOPE OF AUDIT 6 ANSWER: TOPIC 2 - DISTINCTION BETWEEN ACCOUNTING AND AUDITING 7 ANSWER: TOPIC 3 - TYPES OF AUDITS AND AUDITORS 8 ANSWER: TOPIC 4 - MEANING OF TRUE AND FAIR VIEW 9 ANSWER: TOPIC 5 - DESCRIBE THE PROFESSIONAL ETHICS THAT ARE RELEVANT TO AUDITORS 10 CONCLUSION 11 APPENDIX 12 REFERENCES INTRODUCTION After done this assignment‚ we can understand deeper on the job of auditing. First of all‚ the knowledge that we receive in the first topic is we can
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Response to literature: AN INSPECTOR CALLS John Boynton Priestly was born in Britain in 1894. He worked as a novelist and playwright‚ but he was also a political activist. Most of his plays‚ just like ‘An inspector calls’‚ have a very significant political content in which capitalism is criticized. He was interested in the idea of socialism‚ which defends a system without great differences between social casses. His greatest concerns were equality and fairness‚ and there are many references to
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ATP G C A G OH 3’ 6 BSCI105 P RINCIPLES OF BIOLOGY I BSCI105 P RINCIPLES OF BIOLOGY I 4/8/15 DNA Replication Overview OH T 5’ G OH C ATP GTP A G OH 3’ DNA Replication Overview 3’ OH T 5’ OH G OH C ATP CTP GTP 5’ A G OH 3’ 7 BSCI105 P RINCIPLES OF BIOLOGY I BSCI105 P RINCIPLES OF BIOLOGY I 4/8/15 DNA Replication Overview 3’ OH T 5’ OH G OH C ATP CTP GTP 5’ A G OH 3’ Polymerase DNA Replication Overview 3’ OH T 5’ OH G OH C ATP CTP GTP 5’ A G OH
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Definitions (2) 1. An examination and verification of a company’s financial and accounting records and supporting documents by a professional‚ such as a Certified Public Accountant. 2. An audit is an IRS examination of an individual or corporation’s tax return‚ to verify its accuracy. There are three types of audits: correspondence audits (the IRS mails a request for additional information)‚ office audits (an interview is conducted at a local IRS office)‚ and field audits (an interview is conducted
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Q: “Auditing begins where accounting ends. State points of difference between accounting and auditing? “Auditing begins where accounting ends” Accounting is a process of maintaining business records. Joint stock companies are required by law to maintain proper record of business transactions. Maintaining books of accounts and preparing financial statement is a prime responsibility of directors. The shareholders are ambitious to see that their investment is safe. It is therefore imperative
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AUDITING IN A CIS ENVORONMENT With the introduction of computers‚ conventional accounting systems and methods using papers‚ pens and abacuses have undergone drastic changes‚ therefore exerting a great impact on internal control and audit trails in following audit procedures. Also‚ the introduction of computer has brought an immense increase in the availability of electronic resources. My topic is entitled auditing in a Computerized Information System (CIS). One purpose why this topic is included
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