BUSINESS SCHOOL Unit of Study Outline Unit Code ACCT3014 Unit Title Auditing and Assurance Semester 2‚ 2013 Pre-requisite Units: ACCT3011 or ACCT3001 Co-requisite Units: n/a Prohibited Units: ACCT3004 Assumed Knowledge and/or Skills: You are assumed to understand the key principles and rules of specified accounting standards and be able to apply them in the context of business scenarios. Students are expected to comprehend the form and content of published financial statements and be able to
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Lehmann Brothers Bankruptcy: A Case Study Abstract: When the investment bank Lehman Brothers fell on 15 September‚ 2008‚ it was the largest bankruptcy ever‚ and it still is. The bank had assets of $639 billion‚ which is about as much as the five subsequently largest bankruptcies combined. This is a case study elaborating the reasons and consequences of this scandal. Introduction: Lehman Brothers Holdings Inc. used to trade on the NYSE under the symbol LEH as the fourth largest investment
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Auditing Introduction Letter Kelly Garner ACC/546 December 15‚ 2014 Mr. Michael De Marco Anderson‚ Olds‚ and Watershed Certified Public Accountants Shoetown‚ ME 00001 December 15‚ 2014 Mr. Eric Unum Vice President of Finance Apollo Shoes‚ Inc. 100 Shoe Plaza Shoetown‚ ME 00001 Dear Mr. Unum‚ Thank you for taking the time to meet with Arnold Anderson‚ CPA (lead auditor); Darlene Wardlaw‚ CPA (engagement manager) and me last week. During our meeting‚ you and your team informed us that your “old
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Contemporary popular usage often uses the term "satire" in a very imprecise manner. While satire often uses caricature and parody‚ by no means are all uses of these or other humorous devices‚ satiric. Refer to the careful definition of satire that heads this article. Stephen Colbert satirizes an opinionated and self-righteous television commentator on his Comedy Central program in the United States.Stephen Colbert’s television programme The Colbert Report is instructive in the methods of contemporary
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Name Chapter 1: Auditing: Integral to the Economy Description Instructions Modify Add Question Here Question 1 True/False 0 points Modify Remove Question The need for assurance services arises because the interests of the users of information may be different from that of the interests of those responsible for providing information. Answer True False Add Question Here Question 2 True/False 0 points Modify Remove Question An audit of financial statements is a form of attestation service
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Mirror‚ on the Web.” The Contemporary Reader. Ed. Gray Goshgarian. 10th ed. New York: Pearson‚ 2010. Print. Epstein‚ Joseph‚ “The Culture of Celebrity.” The Contemporary Reader. Ed. Gray Goshgarian. 10th ed. New York: Pearson‚ 2010. Print. Traister‚ Rebecca‚ “Return of the Brainless Hussies.” The Contemporary Reader. Ed. Gray Goshgarian. 10th ed. New York: Pearson‚ 2010. Print. Wolpert‚ Stuart‚ “Crafting Your Image for Your 1‚000 Friends on Facebook.” The Contemporary Reader. Ed. Gray Goshgarian
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ch02 Student: 1. Auditors may be independent in fact but not independent in appearance. True False 2. Auditing Standards issued by the PCAOB are the sole source of guidance for audits of public entities. True False 3. Attestation standards provide guidance for a wide variety of engagements different in scope than an audit. True False 4. Generally accepted auditing standards must be followed on all audit engagements. True False 5. The reporting principle relates to a firm’s
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Contemporary Leader Most common contemporary leadership models include charismatic‚ transformational and transactional leadership. Transactional leadership is based on an exchange of service for various kinds of rewards that the leader controls‚ at least in part (Leithwood‚ 1992) Transactional leaders should be able to identify the rewards that would motivate their followers in order to achieve their goals. Transactional leadership focuses on the rigid hierarchy of the company and that there must
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Concept and significance of Auditing The word ‘audit’ is derived from the latin word ‘audire’ which means to hear. In the olden times‚ when frauds or errors were suspected as regards receipts and payments in business or to verify tax amount payable to the king‚ explanations would be heard from persons responsible for keeping accounts. Today‚ audit is more than just cash verification. It is reporting about the financial position of an organization as disclosed by the Profit and Loss account
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Example auditing case 1)” Based on the information given in this case and your knowledge of auditor’s reports‚ identify the deficiencies in the draft of the proposed report. Do not redraft the report‚ but provide justification or explanation for each of the deficiencies you identify” (Pany‚ Auditor’s Report‚ 2010). A. In the Introduction paragraph it states “As discussed in Note K to the financial statements‚ the Company has properly disclosed a subsequent event dated March 14‚ 20x9” (Pany‚ Auditor’s
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