1.Why would the owners of Lakeside as well as the company’s banks require that an independent CPA firm perform the annual audit?The reason that there needs to be an independent auditoris so that they can remain unbiased. It could potentially make them less independent if they areauditing both Lakeside and the bank in which Lakeside is taking loans from. The auditing firmneeds to stay independent in mind and appearance and this may be an issue when auditingboth. 2.This case implies that no auditor
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CHAPTER 1 AUDITING AND THE PUBLIC ACCOUNTING PROFESSION – INTEGRITY OF FINANCIAL REPORTING |LEARNING CHECK | 1. SEVERAL COMMON ATTRIBUTES OF ACTIVITIES DEFINED AS AUDITING ARE (A) SYSTEMATIC PROCESS‚ (B) OBJECTIVELY OBTAINING AND EVALUATING EVIDENCE‚ (C) ASSERTIONS ABOUT ECONOMIC ACTIONS AND EVENTS‚ (D) DEGREE OF CORRESPONDENCE‚ (E) ESTABLISHED CRITERIA‚ (F) COMMUNICATING THE RESULTS‚ AND (G) INTERESTED USERS. 2. A financial statement audit involves obtaining
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3.4 LEIGH ANN WALKER‚ STAFF ACCOUNTANT CASE Leigh Anit Walker graduated from a major state university in the spring of 1989 with a bachelor’s degree in accounting.1 During her college career‚ Walker earned a 3.9 grade point average and was involved in many extracurricular activities‚ including several student business organizations. Her closest friends often teased her about the busy schedule she maintained and the fact that she was‚ at times‚ a little too “intense.” During the fall of
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gathering evidence. Inquiry is another important procedure in addition to analytical tests of records and systems. Attestation is the reporting of the results analyzed and confirmed in the auditing process. A Certified Public Accountant (CPA) involved in an attest engagement will issue a written report and take responsibility regarding the fairness of the information presented. Various levels of responsibility including three standard types: an examination is referred to as an audit‚ a
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Accounting Ethics Accounting ethics is primarily a field of professional ethics‚ the study of moral values and judgements which are applied to the accountancy. “Accounting ethics can be defined as a set of distinct guidelines for a business to maintain clean balance sheets‚ accounting for their profits‚ losses and expenses incurred and prevent it from mishandling financial reports and statements” (Buzzle 2011). The nature of the work carried out by accountants and auditors requires a high level
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College of Business Administration has had a line of distinguished men and women at its helm. Dr. Santiago F. De La Cruz‚ the first Dean of the College (1947-1971) pushed for excellent performance at the CPA board examination. As a result‚ UE graduates garnered the 1st to 20th places in the CPA Board Examinations over those years. Dean Sotero Lopez continued the programs of Dr. Dela Cruz. Upon the retirement of Dean Lopez in 1974‚ Dr. Isidro D. Cariño took over the helm of the College. In 1976‚
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financial statements‚ fixing general ledgers‚ and helping their clients with taxes during the tax season. Accountants have to have specific education‚ which can include a bachelor degree and the CPA exam. Many accountants absolutely love their job and wouldn’t change it for the world. Keywords: Staff accountant‚ CPA‚ taxes and financial statements. Staff Accountant When an individual mentions accounting there are many things that may pop in an individuals mind. Taxes are usually the first and
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list was expanded to include programs of other fields where is unmet demand for quality education. Organizational chart Atty. Hernani N. Fabia President Atty. Hernani N. Fabia President Atty. Giovanni Bautista‚ CPA Vice President for Finance Atty. Giovanni Bautista‚ CPA Vice President for Finance Ms. Ma. Leah L. Fabia VP of Business development Ms. Ma. Leah L. Fabia VP of Business development Ms. Circe B. Conception AVP for Administrator Ms. Circe B. Conception AVP for Administrator
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the case. Prepare a 150- to 350-word response to the following questions: • What are the principles of the AICPA Code of Professional Conduct? • What part(s) of the AICPA Code of Conduct was violated by Andersen? By any Enron employee who was a CPA? Prepare 12-15 Microsoft® PowerPoint® slides‚ with speaker’s notes‚ illustrating your answers to the Case Study Assignment on Case 4.1. ACC 492 Week 5 Learning Team Case Study Assignment and Presentation Study Guide www.paperscholar.com DIRECT
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I hereby submit my application to be admitted into the current MS in Accounting and Financial Management (MAFM) program. I am mostly attracted by the fact that the University is one of the most reputable universities in the state. Over the years I have learnt that persistence is one of the great virtues that help many achieve immeasurable success with confidence. Devry University offers M.S in Accounting and Financial Management with flexible class schedule and excellent education quality .The
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