assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
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Unfortunately‚ in recent times‚ we have seen a number of examples of unethical behavior in organizations‚ often tied to the organization’s handling of finances. In this question‚ discuss ethical issues facing the top leadership or financial managers in today’s corporate environment regarding their approach to the financial matters of the firm. What pressures exist that might encourage unethical behavior‚ particularly as it pertains to the firm’s financial reporting or situation? How might these be
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References: Gogoi‚ P. (2007). Bloomberg Businessweek. Wal-Mart’s latest ethics controversy. Retrieved From: http://www.businessweek.com/stories/2007-06-13/wal-marts-latest-ethics-controversybusinessweek-business-news-stock-market-and-financial-advice
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Kay Lim Hung Professor Ortiz English Class 095-01 17 April 2013 The Right To Choose To Not Wear a Helmet Barry Millman wrote the article “ Motorcycle helmet law a no-brainer to both sides”‚ which expresses an argument from two different opinions about a controversial issue. The United States is known by the freedom‚ which is given to the entire citizens to express his or her own opinion. Therefor Americans will bring up their opinion toward any situation. Today the debate is among
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which exceeds materiality of $50‚000. c. The auditor should either propose an audit adjustment so that the unadjusted statement amount is less than materiality‚ and/or perform more testing to obtain a better estimate of the population misstatements. The additional testing will likely focus on receivables and inventory because they have the largest estimated misstatements. 9-28 a. The following terms are audit planning decisions requiring professional judgment: Preliminary judgment about materiality
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The article is about the horsemeat scandal that had a negative impact on the meat market thereby affecting some businesses‚ in particular Burger King. It was reported that some of its burgers were contaminated in the horsemeat scandal. There have been several reactions from customer due to this problem. Moreover‚ Burger King has apologised for the inconvenience caused through advertising posted in different newspaper though the burgers tested at the restaurants were proved to be negative compared
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Rick Riordan Books‚ there is probably no one in the whole wide world who doesn’t like to read them. Many people are especially thankful to the authors that write the books. Authors aren’t just the creators of wonderful books that we crave; they have their own life too. In fact‚ events in an author’s own life have influenced them to write excellent books. A perfect example could be Helen Keller. Helen had grown up both deaf and blind‚ and that influenced her to learn brail and she wrote many books
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Riordan Manufacturing Finance and Accounting Riordan Enterprise is in need of an upgraded system that will help improve the business performance in the Finance and Accounting department. The issues that is ongoing is within the organization is unacceptable and are in need of solutions as soon as possible. One issue is concerning the software application that is design for plastics processors and more does not include the license for the source code. Another situation is that software
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Riordan Manufacturing Business Systems Analysis Riordan Manufacturing Business Systems Analysis Dr. Michael Riordan‚ a professor in chemistry‚ acquired several patents relative to processing polymers into high tensile strength plastic substrates. He knew there was a market for commercial applicants for his patents after so he started Riordan Plastics‚ Inc. in 1991 at the age of 45. Today‚ Riordan Manufacturing‚ Inc.‚ owned by Riordan Industries is a Fortune 1000 enterprise with revenues in excess
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Universiti Tenaga NasionalCollege of Business Management and Accounting
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