Accounting Education: an international journal Vol. 20‚ No. 2‚ 203– 222‚ April 2011 Adding Value to Audit Education through ‘Living’ Cases JULIE DRAKE University of Huddersfield‚ UK Received: November 2009 Revised: July 2010 Accepted: September 2010 ABSTRACT This paper seeks to address the perceived failure of university teaching to foster critical understanding of audit practice and to identify a potential remedy. It contributes to the debate (Maltby‚ 2001‚ “Second thoughts about ‘Cases in
Premium Auditing Audit Case study
Audit Risk and Materiality MULTIPLE CHOICE: 1. An auditor compares 2002 revenues and expenses with those of the prior year and investigates all changes exceeding 10%. By this procedure the auditor would be most likely to learn that a. An increase in property tax rates has not been recognized in the client ’s accrual. b. The 2002 provision for uncollectible accounts is inadequate‚ because of worsening economic conditions. c. Fourth quarter payroll taxes were
Premium Auditing Revenue Financial statements
Exam Questions a) One thing that happens in a Christian marriage ceremony is the vows being said. This is your promise to one and other. b) One reason why marriage might be important to a Christian is that they are making a sacrament to each other and to God to stay faithful and love each other no matter what. Another reason why marriage is important to Christians is that they believe a marriage is a secure environment to bring up children in. c) One belief that is reflected in a Christian
Premium Marriage
Ethical Audit Questions HSM 230 Board: Does the board let each board member know what is expected of them? This is important because it is important for all members to know what is expected of them. All tasks must be clear so the members know what goals to work towards which will also improve staff performance and the organization as a whole. Staff: Do staff members show good partnership skills? It is important for all staff members to know how to work with each other. This will help
Premium Ethics Business ethics Management
1. What are the primary repositories of fresh water on Earth? Which of these repositories is the largest? The primary repositories of fresh water on Earth is above ground or below ground. One-fourth is below ground and the rest is above ground‚ and the largest repositories are ice and glaciers. 2. What is the difference between a confined and unconfined aquifer? How do their recharge rates differ? The difference between a confined and unconfined aquifer is that a confined aquifer is an aquifer that
Premium Water Irrigation
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
Premium Auditing Audit Internal control
Chapter 10: Land‚ Public and Private 1. Why do humans value land? Humans value land because it has multiple purposes such as agriculture‚ housing‚ recreation‚ industry‚ disposing waste‚ mining‚ etc. 2. What is the tragedy of the commons? What is an externality? The tragedy of commons is when people share a common resource they tend to deplete is because of self-interest and for a short term profit. 3. What is maximum sustainable yeild? Maximum sustainable yield is the maximum amount of harvest
Free Natural environment Wilderness Urban sprawl
* Subject Synopsis This course introduces the elements of auditing. It discusses the principles and procedures of auditing‚ types of audits‚ scope and objectives of auditing. It also covers professional ethics in auditing‚ audit evidences‚ audit planning and various other aspects of auditing. Moreover it gives knowledge about objectives of doing audit. The course also aims to explain the liability and responsibility of the auditor and how the computerised environment effects the business environment
Premium Auditing Internal control Audit
Q1 - What is the relationship between the risk assessment process and the collection of audit evidence? The risk assessment process happens at the very beginning of the engagement and is to determine the level of risk present in the company. The risk assessment phase is when the auditor assess the client’s situation‚ conducts an independence threat analysis and decides whether to accept the client or not. The risk assessment is influenced by various factors such as the degree to which external
Premium Auditing Financial audit
Interim An audit which conducted in between the two annual audits with a view to find out interim profits to enable the company to declare an interim dividend is known as Interim Audit. It is a kind of audit which is conducted between the two periodical or balance sheet audits. Objectives Of Interim Audit 1. To know profit or loss of interim period. 2. To distribute interim dividend. 3. To get loan on the basis of interim account. 4. To get information about the financial position
Premium Auditing Audit Auditor's report