STATE AUDITING IN THE PHILIPPINES Reported by: MYRLA P. SEDENIO RUTH C. TACUJAN A. OBJECTIVES I. To Discuss the State Audit System 2. To Identify Issues and Limitations of Government Auditing 3. To Discuss the Measurement of Government Performance B. INTRODUCTION The Philippine Constitution emphasizes the importance of accountability in the government. Article XI simply and bluntly begins: “Public office is a public trust‚” before it adds that officials and employees
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Southern New Hampshire University Nike is the leading company when it comes to athletic apparel and footwear. It has done so by implementing an aggressive marketing strategy and maintained its hold on its market share Positioning for Nike Nike is benefiting from economies of sale so this places them in the “cash cow” category. Cash cow growth has slowed and the products still hold a decent amount of the market share. The best way for Nike to promote its product would be on television
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Does Auditing Matter? Janice Rhodora P. Carpentero La Salle University and Eljoy Delos Santos La Salle University May 22‚ 2013 Does Auditing Matter? SUMMARY: The scrutiny auditing has received post-Enron provides compelling evidence that auditing does matter‚ to answer the rhetorical question posed by the paper’s title. What is unclear‚ however‚ is whether auditing was sufficiently “broken” in the first place to warrant the radical reforms and changes effected
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presumed desire for some service and the server’s obligation to provide that service. The service encounter is also known as the ‘moment of truth’ in which the customer often develops a perception about the business and often creates a differentiation from other competitors. Solomon et al (1985) points out that service encounters are role performances. A service encounter includes a customer’s interaction with other customers‚ employees‚ machines‚ automated systems‚ physical facilities‚ and any other
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Women’s Status in the Early Republic Women in the early republic were expected to take care for the children and the household. They were not allowed to vote or interfere in politics. The power between men and women was unequal and unfair. During the revolutionary war‚ the women became a little more involved in politics; they became more patriotic. As the U.S. was declaring its independence from Britain‚ some women had hoped for change in the Early Republic. The three important factors
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such that the client’s financial statements may not be auditable. So‚ before making a preliminary assessment of control risk for each material class of transactions‚ the auditor must first decide whether the entity is auditable. Two primary factors determine auditability: the integrity of management and the ade - quacy of accounting records. If management lacks integrity‚ most auditors will not accept the engagement. The accounting records are an important source of audit evidence for most audit objectives
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Ethical Dilemmas for Auditors Discussion Paper May 2006 1 The Institute of Certified Public Accountants in Ireland Ethical Dilemmas for Auditors Dilemma One – Non-Audit Services 3 Dilemma Two – Fee Levels 6 Dilemma Three – Ethics Partner 7 Dilemma Four – Long Association with the Audit Client 8 Dilemma Five – Commencement in Practice 9 Dilemma Six – Financial Interest in a Client 10 Dilemma Seven – Business relations with audit clients 11 Dilemma
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Evidence focuses on whether financial statements are presented in accordance with GAAP Examples -Balance sheet contains all liabilities -Income statement -sales really occurred -sales have been recorded at appropriate amounts -recorded costs and expenses are applicable to period -all expenses have
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NATURE of AUDITING‚ ATTESTATION AND ASSURANCE SERVICES Let us understand a few terminologies before going further in the discussion of the details of auditing and assurance since these terms will be used often throughout the text. Auditing‚ attestation and assurance services are often used interchangeably because they encompass the same decision-process: defining the decision problem‚ defining the alternative choices‚ identifying and obtaining information relevant to the decision problem‚ evaluating
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Page 1 of 15 CEBU CPAR CENTER Mandaue City‚ Cebu AUDITING THEORY AUDITING IN A COMPUTER INFORMATION SYSTEMS (CIS) ENVIRONMENT Related PSAs/PAPSs: PSA 401; PAPS 1001‚ 1002‚ 1003‚ 1008 and 1009 PSA 401 – Auditing in a Computer Information Systems (CIS) Environment 1. Which statement is incorrect when auditing in a CIS environment? a. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit
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