The Auditing Process INTRODUCTION Auditing is defined by the American Accounting Association or AAA as “a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users” (cited in Turney et al p. 108). From that definition‚ it is evident that the auditing process consists of three elements: evidence
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I have been amazed at the number of people who have actually sat across from me and said‚ “What? Me? I don’t have an addiction.” While many perceive addiction as the obvious; drugs‚ alcohol‚ excessive behavior‚ etc.‚ many are not ready to admit that they belong in this category‚ even though all the writing is on the walls. When society looks at an ‘addict’‚ or what they assume that an addict looks like‚ some of the first definitions might come from the opinion that someone drinks too much or
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Introduction This paper is a based on a case study of Nike. The paper will be discussing legal and ethical analysis and how the impact the operational/ ethical issues of the organization‚ the paper shall also be discussing the contribution factors and how the company’s corporate culture may have helped to minimize the unethical behavior or actually contributed to/caused the unethical behavior. The paper is also going to provide ethical decision factors‚ which are going to address or going to be
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Chapter 10 Auditing the Revenue Process SEC SAB101: Revenue recognition 1. 有persuasive evidence 有证据 2. Delivery occurred‚ service rendered，东西给了服务于需求 3. Price is fixed/determinable 价格固定 4. 有collectability钱收的回来 Fraud Risk in Revenue cycle: 欺诈风险 1. Side agreement: off-book‚ adjust record to entice customer 2. Channel stuffing: 填塞分销渠道，造成销售假象 inflate sales by forcing product through a distribution channel 3. Related party transaction: 实质重于形式原则substance over form是指企业应当按照交易或事项的经济实质进行会计核算，而不应当仅仅按照它们的法律形式作为会计核算的依据
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Stephanie Hernandez Ethics HU 357 August 3‚ 2013 Nike’s Code of Ethics Matter of Respect: Nike knows that people perform best in a work environment free from unlawful harassment and discrimination‚ and we want to be sure that harassment and discrimination of all types do not occur at Nike. To that end‚ Nike’s policy prohibits discrimination and harassment‚ seeks to prevent harassment and provides employees with an effective complaint process. Employees must take care to treat other the
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In the second chapter of Acts‚ verses 42-47‚ the way church should look is described in great detail. In this specific passage in Acts‚ Luke discusses that the first church was devoted to the teachings of the apostles‚ fellowship with other believers‚ prayer‚ and breaking of the bread. Within the church‚ there were many acts and wonders that left the people in awe. They came together as the body of Christ to serve the poor‚ attended the temple daily‚ and praised the Lord for all He had done. The
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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 fund if these funds are projected to have high growth potential‚ which would translate into a higher return than if the investor were to invest in a US growth fund. An individual investor might opt to invest in an international growth fund during times when U.S stock prices are higher as they may
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According to a publication by N. Chesworth; the purpose of an audit is to assess if the business is physically capable of producing a safe product which is consistently high in quality and safety. It is also used to check legal constraints are met to an acceptable level using effective control methods ensuring consistent performance. Another constructive way the audit is used is to ensure certain measures are present to support due diligence defence. Audits are usually carried out continuously to
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One of the most common questions about wisdom teeth is how they actually look like. The question arises because many people are not yet familiar with it‚ especially if their wisdom teeth have never erupted yet. So what do wisdom teeth look like? And are they any different from regular teeth? What do wisdom teeth look like? A lot of people are questioning what does a wisdom tooth look like and be surprise to know that it is actually the same as with our other regular teeth once it erupts correctly
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Modern Footsteps What Looks Like Crazy on an Ordinary Day‚ by Pearl Cleage‚ is a novel about Ava Johnson’s personal battles dealing with what life has dealt her; being a successful black woman‚ with HIV. Ava’s life is transformed when she discovers that her glitzy Atlanta lifestyle can no longer continue. She is forces to close her hair salon because of the fear of the public towards her. Her plan was vague‚ to stop for the summer at her sister’s‚ and then find a new life in California. Deciding
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