Page 1 of 15 CEBU CPAR CENTER Mandaue City‚ Cebu AUDITING THEORY AUDITING IN A COMPUTER INFORMATION SYSTEMS (CIS) ENVIRONMENT Related PSAs/PAPSs: PSA 401; PAPS 1001‚ 1002‚ 1003‚ 1008 and 1009 PSA 401 – Auditing in a Computer Information Systems (CIS) Environment 1. Which statement is incorrect when auditing in a CIS environment? a. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit
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Completing the Accounting Cycle The Accounting Cycle Process by which companies produce their financial statements Use of a work sheet summarizes needed data in one place 2 Accounting Cycle Journalize Transaction During the period Post to Accounts Adjust Accounts End of the period Prepare Financial Statements Close Accounts 3 Work Sheet Internal summary device NOT: A journal A ledger A financial statement Computerized spreadsheets work well 4 Work Sheet Steps Enter account titles and their
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ACC 455 Week 2 Team Assignment Outline for Week 3 there is a review of the following parts: 1. Team Participation. Post minimum of two substantive responses per team member 2. C: 3-8 (p. 3-55) Three ways in which the treatment of charitable contributions by individual and corporate taxpayers differ 3. C: 5-10 (p. 5-39) 4. Problem 3-35 (p.3-56) Organizational and Start-up Expenditures. Response to sections by Saturday‚ June 30‚ 2012 6:00 EST 5. Problem 3-38 (p
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Labor relations chapter 1 – 2 notes 1. Experts believe that the widening gap between the richest and poorest individuals in the U.S. is in part due to the weakened position of labor unions. (Points : 1) | True False | 2. In the U.S.‚ most workers can be discharged for good cause‚ no cause‚ and even a morally wrong cause‚ as long as the discharge is not on the basis of race‚ gender‚ religion or another classification protected by law. (Points : 1) | True
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Week 2 Assignment Chapter 15 Bickley Engineering Company has a capital structure of 30% Debt and 70% Equity. Its current Beta is 1.3‚ and its Market Risk Premium is 7.5% Points. The current Risk Free Rate is 3.5%. Bickley’s marginal tax rate is 40%. What is the Unlevered Beta of Bickley? Unlevered beta = levered beta/(1+(1-T) D/E) = 1.3 /(1+(1-0.4)X(0.3/0.7) = 1.03 Bickley’s management would like to change its capital structure to 15% Debt and 85% equity by retiring its bonds yielding
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Week 3 DQ Organization is a social unit of people that is structured and managed to meet a need or to pursue collective goals. (Businessdictionary.com) Organization as a structure distributes responsibilities among the members of the company (child 2005‚ p.6). By allocating people and recourses to the necessary tasks and designating responsibilities‚ the organization contributes to the successful implementations of its goals. While organization as a process focus more closely on behaviors
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Composition 115 Professor Kirstin Leighton-Lucas July 14‚ 2013 Page 2 The name of the essay is “Facing Poverty with a Rich Girl’s Habits” by Suki Kim on November 21‚ 2009. In this essay she is telling us about a Korean girl went from being rich to her family going broke overnight. Ms. Kim is telling us about
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with respect to the client under audit. (2) The auditor must adopt a critical attitude during the audit. (3) The auditor’s sole obligation is to third parties. (4) The auditor may have a direct ownership interest in the client’s business if it is not material. b. The independent audit is important to readers of financial statements because it (1) determines the future stewardship of the management of the company whose financial statements are audited. (2) measures and communicates financial and
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207 | Understand the person centred approaches in adult social care settings | HSC026 | 1.1 | Person centred values are a set of approaches made to assist someone to plan their life and supports. It is often used for life planning with people with learning and developmental disabilities. There are 8 person centered values which are:- * Individuality * Independence * Privacy * Partnership * Choice * Dignity * Respect * Rights | 1.1 | 1.2 | It is important for to work in a way
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maintenance window Management/Contingency plan: Have backup plans in case of power outages Quality personnel with expertise in both SQL server and oracle. Current Status: In process Originator: Tamesha Timberlake Risk Information Sheet Risk id:2 Risk name: Budget Overrun Date: January 11‚ 2014 Probability: 39% Impact: Moderate Description: The amount the company uses in this exercise overruns the budget that the company expects for this process. Refinement/context: Re-purchasing of tools Expenses
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