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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The dead king has told Hamlet that Claudius killed him while he was asleep in the garden. Hamlet’s confusion and feeling of honor leads him to swear in behalf of his dead father to revenge on the present king. Shakespeare starts the play by bombarding Hamlet’s thinking process and leaving him with tons of weights on his shoulders. The whole aspect of the play revolves around character’s vows to fulfill their honor. The idea of honor in this play is portrayed far more advanced than any other Shakespearean
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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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from the website this will allow us to reach even more consumers. As of right now if you don’t know a distributor for Levive or someone who knows a distributor then there is no way for you to purchase the product. Reference Kurtz‚ D.L. (2012). Contemporary marketing. (15th Ed.). Mason‚ OH: Cengage
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materiality threshold for the engagement? 25. The Code of Professional Conduct derives its authority from the A) Securities and Exchange Commission. B) Bylaws of the American Institute of CPAs. C) Financial Accounting Standards Board. D) Auditing Standards Board. 26. The chief (internal) audit executive should have direct reporting access to the audit committee‚ and the committee should oversee the activities and budget of the internal audit function. A) True B) False 27. The AICPA Principles
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Arayawna Moore @02585360 Auditing I 09/20/10 CHAPTER 1 1-14 A. 3 B. 2 C. 2 D. 3 1-15 A. 2 B. 3 C. 4 D. 3 1-21 1) IRS‚ compliance audit 2) GAO‚ operational audit 3) CPA‚ operational audit 4) Internal‚ financial statement audit 5) GAO‚ operational audit 6) CPA‚ financial statement audit 7) GAO‚ financial statement audit 8) IRS‚ compliance audit 9) Internal‚ financial statement audit 10) IRS‚ compliance audit 11) Internal‚ financial statement audit 12) GAO‚ compliance
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