recommendation as to whether Barnes and Fischer should or should not accept Ocean Manufacturing‚ Inc. as an audit client. Carefully justify your position in light of the information in the case. Include consideration of reasons both for and against acceptance and be sure to address both financial and nonfinancial issues to justify your recommendation. MEMORANDUM To: Jane Hunter From: Corrine Subject: Ocean Manufactory Should be Accepted Date: February 3‚ 2012 Ocean Manufacturing‚ a medium-sized
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1. a. To the Board of Directors and Shareholders of L Inc.: We have audited L Inc.’s internal control over financial reporting as of December 31‚ 2012‚ based on control criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of Treadway Commission (COSO). L Inc.’s management is responsible for maintaining effective internal control over financial reporting‚ and for its assessment of the effectiveness of internal control over financial
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information to the auditor in order to lower the expected loss from litigation or related settlements. This describes which theory of auditing? a. explanatory. b. agency. c. information hypothesis. d. insurance hypothesis. 5. Which of these actions is most likely to remove the audit expectation gap? a. improving auditing standards b. educating of audit users about what are reasonable expectations c. improving auditor’s performance
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Journal of Contemporary Issues in Business Research (JCIBR) JCIBR is Double peer Reviewed‚ Open Access‚ and International Journal ISSN: 2305-8277 HOPE PAGE We are committed to working with the global academic community to bring and promote the highest quality and excellence research to the widest possible audience around world. Our primary motto is Fast‚ Easy and Impressive Publishing. Mission Journal of Contemporary Issues in Business Research (JCIBR) was founded to publish and promote
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accordance with an identified financial reporting framework. An auditor is setting out to achieve enhanced credibility of information disclosed to increase reliability for the users of the financial statements. A definition from the Committee on Basic Auditing is as follows: A systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating
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module of Queen Margaret University College‚ ‘Contemporary Issues in Hospitality Management’ HM129‚ MBA Hospitality Version 3‚ Edition 2006‚ p. 54. Hospitality Training Foundation. 2003. Labour Market Review 2003 for the Travel Services‚ Tourism Services and Events Industry. London: Hospitality Training Foundation. Jackson Lockyer‚ C. and Scholarios‚ D. 2004. Selecting hotel staff: why best practice does not always work. International Journal of Contemporary Hospitality Management‚ 16 (2)‚ pp. 125-135
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emerging issues that are mushrooming every other day. These are contemporary issues ranging from social issues to health issues. Social issues include financial crisis‚ climate change‚ imbalanced income‚ terrorism‚ racism among others. Business sector considers upcoming technologies and globalization as contemporary issues faced by the modern business (Bruce et al. 2012). Health sector considers obesity‚ malignant diseases such as cancer‚ among others as contemporary health care issues (WHO‚ 2013)
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Analysis of Contemporary Health Care Issues US health care expenditures have been rising quickly over the past few years; it has risen more than the national financial system. Nonetheless a number of citizens in the US still lack appropriate health care. If the truth be told‚ health care expenditures are going to continue to increase; in addition numerous individuals will possibly have to make difficult choices pertaining to their health care. Our health system has grave problems that require reform
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and guiding responses to remain on topic and moving along help maintain professionalism. 5. What are the benefits of instructor-led training versus on-line learning and vice versa? Instructor-led training allows the instructor to gauge if the material is being understood at all stages of the training class. All participants are following along at the pace set by the instructor allowing the class to remain on topic and flow from one area to the next as a cohesive unit. On-line learning allows agents
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Does Auditing Matter? Janice Rhodora P. Carpentero La Salle University and Eljoy Delos Santos La Salle University May 22‚ 2013 Does Auditing Matter? SUMMARY: The scrutiny auditing has received post-Enron provides compelling evidence that auditing does matter‚ to answer the rhetorical question posed by the paper’s title. What is unclear‚ however‚ is whether auditing was sufficiently “broken” in the first place to warrant the radical reforms and changes effected
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