records. They ensure that financial records are accurate and that taxes are paid properly and on time. Auditors asses financial operations and work to help ensure the organizations run efficiently. http://www.bls.gov/ooh/business-and-financial /accountants-and auditors.htm “Also‚ auditors inspect accounting systems and account books for efficient use as well as the use of accepted accounting procedures‚ and organize and maintain all personal and business financial record. Furthermore‚ auditors assess
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Certified Public Accountant profession in Germany – Wirtschaftsprüfer CPA is the american title for the profession as an auditor. In Germany it’s called Wirtschaftsprüfer and is one of the most coveted professions but has also the hardest state examinations. How to become a CPA in Germany? Becoming a CPA is a long way in Germany. The candidate needs to meet several requirements to get admission to the state exam‚ even personal ones. Requirements: • First of all the person needs
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Yiran Li ACCT-690 Professionalism Reflection Does Integrity Exist Any More? When we were talking about the characteristics of a profession in the class‚ the first thought prompted into my mind is ‘integrity’. Admittedly‚ few decades ago‚ a man’s word was his bond. However‚ with the rapid development of economy and the progress of society‚ even though you have a written contract between you and your partners‚ you have little uncertainty and unsureness about the commitment. People in nowadays
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ACC 3401 Audit and Professional Ethics │LECTURE 1│ Concepts of Auditing Learning Objectives After the lecture‚ students should be able to: describe the nature‚ purpose and scope of an audit; describe various basic principles and concepts of auditing and explain their importance in the actual audit procedures; and describe the professional framework within which auditors must operate. 1. Accounting vs. Auditing Accounting - the process of recording‚ classifying‚ summarizing and
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Ten-year Plan Personal Plan Wu Jiachun Class Two Ningbo University of Technology May 18‚ 2012 TABLE OF CONTENTS 1. Self-assessment ･････････････････････････････････････････････････ 1 2. Objectives ･････････････････････････････････････････････････････ 3 3. Step to achieve the goal ･･････････････････････････････････････････ 3 4. Budget ･･･････････････････････････････････････････････････････ 5 5. Feasibility analysis ･･････････････････････････････････････････････
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importance placed on the client within two “Big 5” professional service firms. It looks at how important the client is‚ particularly to trainee accountants in how they shape their professional identity and behaviour within the company. Finally‚ it considers how the importance placed on the client has both “controlling and restrictive impacts” (p1153) on trainee accountants‚ (Eg.‚ what is expected of them in terms of working to deadlines‚ how it affects their family life etc.) Literature/Theory on which
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and understood that what they were doing was wrong. These decisions not only effect the specific accountant‚ but it also effects the entire accounting community‚ the corporation‚ and most importantly the public whose interest an accountant is supposed to consider first and foremost. Myers’ actions led to the uncovering of a huge fraud scandal within the WorldCom community that hugely impacted accountants for years to come. Question 4 It is not necessarily fair/appropriate for federal law
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between United States Generally Accepted Accounting Principles ( U.S. GAAP) and the International Financial Reporting Standards (IFRS) (Schroeder‚ Clark‚ & Cathey‚ 2005). U. S. GAAP are the laws of accounting in the United States. They govern how accountants measure‚ process‚ and communicate financial information about companies to the majority of Americans (Horngren‚ Harrison‚ Jr.‚ & Bamber‚ 2005). Similarly‚ IFRS are principles‚ standards‚ interpretations‚ and the framework adopted by the IASB‚ stating
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accounting firm participate against companies that are permitted to get in a certain manner‚ they must not be constrained to capital accessible from accountants and loans. 3) The certified public accountants (CPAs) own 51 percent stock‚ which restricts any probable negative effects on the quality of the service that might have resulted from non-accountant participation. 4) From the view point of the public accounting firm‚ the likelihood of liability that is restricted to corporate assets is appealing
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Auditing Standards Board (ASB) 4. Regulate the distribution and trading of securities offered for public sale. Securities and Exchange Commission (SEC) 5. Establish its own code of professional ethics. American Institute of Certified Public Accountants (AIPCA) 6. Issue Statements of Financial Accounting Standards. Financial Accounting Standards Board (FASB) 7. Impose mandatory continuing education as a requirement for renewal of license to practice as a CPA. State Boards of Accountancy
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