........................................ OTHER NAMES......................................................... STUDENT NUMBER................................................. MOCK FINAL EXAMINATION SEMESTER 2‚ 2009 PAPER A Unit: ACCG340 Auditing and Assurance Services Time Allowed: 2 hours plus 10 minutes reading time Total Number of Questions: FIVE (5) Instructions: Answer question 1 on the computer marking sheet provided. Answer questions 2 to 3 in the space provided in
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Agency Problems‚ Auditing‚ and the Theory of the Firm: Some Evidence Author(s): Ross L. Watts and Jerold L. Zimmerman Source: Journal of Law and Economics‚ Vol. 26‚ No. 3‚ (Oct.‚ 1983)‚ pp. 613-633 Published by: The University of Chicago Press Stable URL: http://www.jstor.org/stable/725039 Accessed: 29/06/2008 23:14 Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR ’s Terms and
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misstatement that could be material either individually or when aggregated with misstatement in other balances or classes assuming that there were no related internal controls. This risk mainly arises at the level of management and the risk factor generally being high. Factors Affecting Inherent Risk: At the level of financial statement Integrity of management; Management’s experience and knowledge; Unusual pressure on management; Nature of entity’s business; Factors affecting industry;
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industry information Audit Risk- the risk of material misstatement of financial report Assertion level Inherent Risk (IR) the susceptibility (感受性) of an assertion(主张) to material misstatement‚ assuming there are no related controls‚ IR factors are generally business risks (BR) affecting a specific account assertion. Control Risk (CR)
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There are generally considered to be seven standards a piece of literature should abide to in order to be considered ’literary’. If a piece of writing is considered ’literary’ this usually suggests that it is a scholarly article or classical writing that is extremely well written and is very informative. Literary writing can be intellectual and contain a lot of cleverly hidden meanings which ensure the writing can be enjoyed and studied on many different levels and often still enjoyed many years
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Occupational standards are the first steps in gaining qualifications that identify the competence of an individuals capability to do there job in an efficient manner and produce the best work possible. There are specific targets/specific standards that must be met as part of there job role. Employees also must have an understanding of the job role they have undertaken as part of occupational standards. For employers to identify if and where training is required employees must demonstrate there capabilities
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market and distribute its products? For personal clients‚ Dell’s strategy is to customize its products in order to satisfy potential buyers’ requirement. One of the example is the Alienware Gaming PCs‚ which is designed and manufactured for high standard game player‚ Dell presented fashion appearance to attract teenagers and powerful performance to fulfill customers who is seeking perfect game experience. Products can be made for different functions and added distinguished
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respect that the writer has chosen this topic: The impact of Internal auditing in the telecommunication industry with Vodafone Ghana Limited as the case study. 1.0 BACKGROUND OF THE STUDY Mautz and Sharaf (1961) defines auditing as a systematic process of objectivity; obtaining and evaluating evidence against assertion and established criteria and commence communicating the results to interested users. Internal auditing is an independent appraisal functions established within an organization
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CEC Standards CEC‚ Council for Exceptional Children was founded in 1922. “It began when educators from New York attended a summer session at Teachers College of Columbia University. The group was concerned that exceptional children were receiving inappropriate‚ and in many cases no‚ instruction in the public schools and was formed to provide advocacy and support for exceptional children and their parents.” (pg. 18‚ text Exceptional Students) CEC standards are the same as normal academic standards
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Cost and Variance Analysis. At the beginning of 2011‚ Jejemon Corporation adopted the following standards: Direct Materials (3 lbs. @ P2.50 / lb) P 7.50 Direct Labor (5 hours @ P7.50 / hr) 37.50 Factory Overhead: Variable (P3.00 per direct labor hour) 15.00 Fixed (P4.00 per direct labor hour) 20.00 Standard Cost per unit P 80.00 Normal volume per month is 40‚000 standard labor hours. Jejemon’s january budget was based on normal volume. During January Jejemon’s produced
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