Question 1 Incentives: Financial pressures from changes in the market and industry intense competition (national‚ regional‚ local) under cut prices from municipalities that could offer lower prices by using tax revenue. Pressure to meet earnings expectations Stock ownership benefits Retirement benefits Performance based bonuses Maintain growing stock price Maintain industry leadership Maintain reputation Opportunities: Able to use a lot of estimates in depreciation of PPE (over 1/2 of assets)
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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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DEFINITION OF AUDITING Auditing is described as the independent examination of and expression of an opinion on the financial statements of an enterprise by an appointed auditor in pursuance of that appointment and in compliance with any relevant statutory obligation. Thus auditing of information systems can be defined as independent examination of and expression of an opinion on the development‚ documentation and controls of information systems of an enterprise by an appointed auditor in pursuance
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Personal function Interactional function Ritual function Heuristic function Instructor Explanation: The answer can be found in Section 4.2 of Making Connections. Points Received: 1 of 1 Comments: Question 2. Question : ____________________ is the primary code humans use to communicate. Student Answer: Jargon Interpersonal communication Language Slang Instructor Explanation: The answer can be found in Section 4.0 of Making Connections. Points Received:
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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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2. LEGAL BASIS OF K-12 CURRICULUM 3. The contemporary issues and problems in education are relevant to the need of the school administrators and teachers and require them to give alternative course of action towards their resolution. The present administration gave emphasis on the K to 12 Education program‚ as urgent and critical; thus the Department of the education came up with the proposal to enhance the Basic Education Program in a manner that is least disruptive to the current curriculum
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disobeying authority are certainly as harsh and strict as are those of disobeying power. For example‚ GreenDays song “Warning”. The verses “Caution: police line: you better not cross”‚ and “Shut up and be a victim of authority” are directly addressing the issues of what would happen if you disobeyed authority and more to the point‚ the position that a significant amount of people are in because of their compliance‚ the outcome of just obeying the law without question. I’m sure‚ more accurately‚ I am
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Q2: Accounting issues In 2001‚ Harris Scarfe’s suppliers and customers‚ and even a large number of the company’s staff‚ were shocked when the thriving business was suddenly faced with cash-flow problems. The company made headlines in South Australia when concerned suppliers‚ from whom Harris Scarfe had purchased large amounts of stock on credit‚ entered the flagship store in Rundle Mall‚ and began retrieving their stock directly from the shelves‚ before shocked staff and customers. The company
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Chapter 1 An overview of auditing Multiple Choice 1. The three major professional accounting bodies in Australia are: a. ICAA‚ CPA and ASIC. b. CPA Australia‚ NIA and AARF. c. ATO‚ AUASB and ASIC. d. ICAA‚ CPA Australia and NIA. The correct option is d. Feedback: Section 1.3 The auditing environment 2. Which body has a mission ‘to develop‚ in the public interest‚ high-quality auditing and assurance standards and related guidance to enhance the relevance‚ reliability and timeliness
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invoices and vendors’ invoices‚ it is usually impractical to do an audit. In complex IT environments‚ much of the transaction information is available only in electronic form without generating a visible audit trail of documents and records. In that case‚ the company is usually still auditable; however‚ auditors must assess whether they have the necessary skills to gather evidence that is in electronic form and can assign personnel with adequate IT training and experience. After obtaining an understanding
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