Koger Properties‚ Inc. 1.) The SEC has a strong case against Goodbread for violating his independence because as it is stated on the AICPA’s website‚ “Independence shall be considered to be impaired if: During the period of the professional engagement a covered member was committed to acquire any direct or material indirect financial interest in the client.” (aicpa.org 101-1). In Goodbread’s case this refers to the fact that he had shares of stock (direct financial interest) in his possession
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Information (FTI) By Proactive Auditing Introduction The traditional way to audit a system involves identifying issues that have already occurred‚ then reviewing audit logs to determine which relevant events are of a serious nature. While this "after the fact" or “passive” auditing is an important tool in data security‚ an auditing program requires significant resources in people‚ process and technology to effectively identify potential incidents in a timely manner. Auditing management should be
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Case Study 5-1 Hardee Transportation Student Name TLMT311‚ American Military University Professor August 16‚ 2012 Hardee Transportation Case Study Issues: Hardee Freight Transportation pickup and delivery (PUD) customers have implemented new hours for their drivers‚ limiting each driver to a 14 hour duty day. The biggest issue is that Hardee’s fright lanes has its hands full with requests from the largest customer‚ and customer pickup and delivery (PUD) operations are
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or measurement of a subject matter against criteria FF. are the broad categories of services under the umbrella of assurance services: 1. Risk assessment 2. Information system reliability 3. Adequacy of security over Electronic commerce transactions‚ electronic documents‚ and support systems 4. Effectiveness of Health care performance measurement systems 5. Reliability and relevance of Business performance measurement * it evolves naturally from Attestation services‚ which in turn evolve
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Financial Control Auditing in an Electronic Environment (e-Auditing) Presented to Dr. Marwa Tarek Presented By: Pierre Guirguis 9104428 Rimon Abd El-Meseih 9104386 Mahmoud Mohamed Refaat Auditing in an Electronic Environment (e-Auditing) * What is e-Auditing? Electronic auditing‚ or e-Auditing‚ is computer-assisted auditing that uses electronic records to complete all or part of the audit. If you use a computer to record your business activity and maintain this data electronically
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Group Assignment – HBC614B Company Auditing PART 1 THE INTERNATIONAL AUDITING STANDARDS BOARD AND ITS IMPORTANCE TO THE DEVELOPMENT OF AUDITING STANDARDS IN AUSTRALIA AND NEW ZEALAND The International Auditing and Assurance Standards Board (IAASB) is an independent standard setting body within the International Federation of Accountants (IFAC). Established in 1978‚ originally known as International Auditing Practices Committee (IAPC)‚ it changed its name to IAASB in early 2001 and was then
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TABLE OF CONTENT NO. DESCRIPTION PAGE NUMBER 1 PLAGIARISM STATEMENT DECLARATION FORM 2 2 MARKING SCHEMES 3 PLAGIARISM REPORT FROM SAFE ASSIGN 4 INTRODUCTION 5 ANSWER: TOPIC 1- NATURE‚ PURPOSE AND 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
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MEANING OF AUDITING The word ‘Audit’ is originated from the Latin word ’Audire’ which means ’to hear’. In the earlier days‚ whenever there is suspected fraud in a business organization‚ the owner of the business would appoint a person to check the accounts and hear the explanations given by the person responsible for keeping the account and funds. In those days‚ the audit is done to find out whether the payments and receipt are properly accounted or not. The objective of modern day accounting
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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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N/A Fa0/1 192.168.11.1 255.255.255.0 N/A S0/0/0 10.1.1.1 255.255.255.252 N/A Fa0/0 192.168.20.1 255.255.255.0 N/A S0/0/0 10.1.1.2 255.255.255.252 N/A S0/0/1 10.2.2.1 255.255.255.252 N/A Lo0 209.165.200.225 255.255.255.224 N/A Fa0/0 192.168.30.1 255.255.255.0 N/A S0/0/1 10.2.2.2 255.255.255.252 N/A Addressing Table on the next page All contents are Copyright © 2007-2008 Cisco Systems‚ Inc. All rights reserved. This document is Cisco Public Information. Page 1 of 6
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