International Accounting – Chapter 1 1. Explain why an individual investor might want to invest in an international growth fund. An individual investor might want to invest in an international growth fund if they are seeking to become more diversified. During times when the US stock market is poorly performing‚ it is likely that its foreign counterparts will be doing well because the two markets often have an inverse relationship. An investor might also want to invest in an international growth
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Chapter 5 18. a. They should use the resistance of meeting auditing standards and contributory neglegence. Stuart Supply Company management is responsible for the fraud. The fraud was complicated and difficult to discover‚ but the steps recommended by Lauren Yost & Co made it possible. The president of Stuart Supply Company ignored the proposal to count the inventory on the same day‚ and was therefore responsible to breakdown of detecting the fraud due to his decision. Luckily‚ Lauren Yost & Co
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Contemporary Approaches contemporary management approaches have dominated the field of management since the 1950’s. they are still very influential in both theory and practice. All of these approaches need to be taken into consideration by practicing managers when striving to compete in competitive business environment. Quantitative Management A more scientific and quantifiable approach introuduced during the world war 1 by military planners It applies a mathematical apprpoaches to managerial
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Contemporary Hospitality Industry Abstract As a Consultant manager of a hospitality consulting company‚ I have made this report to throw light on the hospitality industry. This report aims to provide information to all those new and aspiring owners’ of the hospitality business who aims to know the pros and cons of hospitality industry. I have made a genuine effort to include the present day hospitality industry scenario‚ its structure‚ the strength and weaknesses of the industry
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Hoang Thi Thanh Ha – 13200154 Auditing Assignment 2: 1.What are the factors to consider Inherent Risk? Inherent risk is a measure of the auditor’s assessment of the likelihood that there are material misstatements in a segment before considering the effectiveness of internal control. Factors affecting assessment of inherent risk include: Nature of the client’s business : Industry practices Non-routine transactions Makeup of the population Audit experience : Results of previous audits Initial vs
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References: Gray‚ I and Mason‚ S (2008)‚ The Audit Process: Principles‚ Practice and Cases‚ (4th ed.)‚ London: Thomson Learning Ch 1 Millichamp & Taylor (2008) Auditing Thomson Learning; 9th Revised edition Ch 4 and Ch 13 - 15 Whittington‚ R and Pany‚ K (2009) Principles of Auditing and Other Assurance Services‚ London: McGraw-Hill Ch 6
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True/False Questions 1. Fraud is defined as failure to use reasonable care in the performance of services. Answer: False Difficulty: Easy 2. Most of the burden of affirmative proof is on the defendant under common law. Answer: False Difficulty: Medium 3. The Ultramares v. Touche case held that auditors could be held liable to any foreseen third party for ordinary negligence. Answer: False Difficulty: Medium 4. The Securities
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Pearson A‚ Baker H‚ Walsh K‚ Fitzgerald M.‚ (2001). Contemporary nurses’ uniforms---history and traditions. J Nurs Manag. May;9(3):147-52. Artіclе 1 Thе hіstory of unіforms of nursеs іs thе focus of thіs rеsеаrch. Thіs аrtіclе іs bаsеd on embedded values of nurse’s uniform and image accosicated wіth pаrtіculаr еmphаsіs on thеir professional values and affect on their work. Thіs possіbіlіty іs еxplorеd through hіstorіcаl аnd contеmporаry lіtеrаturе utіlіsіng publіshеd scіеntіfіc‚ socіаl scіеncе
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ACCG 340 group Assignment Reflective assay ACCG 340‚ auditing and assurance service is one of the subjects that interest me most among other units. One of the assessments of ACCG 340 is a group assignment for Qantas case study. Basically‚ we act like an auditor in determine and establishing any necessary control test to discover any potential financial risks associated with Qantas group. As an international student I have learned to appreciate the group working style more‚ even sometime I have
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actually quite simple. First‚ privity of contract. Privity of contract means that the contract only applys to the people involved with contract‚ thus making the bank an innocent third party. The second defense is that Yost followed the proper auditing standards when conducting an audit. This means that if Yost were to find nothing‚ they would not be responsible. c. She will most likely win due to negligence. The company is responsible for implementing internal controls‚ and the president’s
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