ACCOUNTING COURSE CODE: ACC 416 WEEK: 10 TOPIC: FORENSIC ACCOUNTING AND FRAUD AUDITING OBJECTIVE: To acquire the knowledge and skills about forensic audit‚ its reporting and documentation. THE CONTEXT OF FORENSIC AUDITING Forensic audit encompasses the examination of evidence regarding an assertion to determine its correspondence to establish criteria carried out in a manner suitable to the court. Auditing has been defined as the systematic process of objectively obtaining and evaluating
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Credits (Book ID: B1211) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. Explain the use of Sampling technique in Internal Audit ( SA500) Q2. Discuss‚ in brief‚ the advantages and limitations of auditing. Q3. Discuss the main scope and objects of internal audit? Q4. As a senior audit assistant of M/s. Asutosh Associates‚ you are in charge of internal audit team of M/s Rajesh Technologies involved in the manufacture of plastic tubes. From the information
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ACCT420 Auditing Test Three – Out of Class Portion Due Monday‚ April 30‚ 2012 1. Listed below are four interbank cash transfers‚ indicated by the letters a‚ b‚ c and d‚ of a client for late December 20X1‚ and early January 20X2. Your answer choice for the next two questions should be selected from this list. For each of transfers a through d indicate whether cash is understated‚ unaffected‚ or overstated by the transfer and provide a brief example of what could cause the situation in which
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Write an essay of about 250-300 words on the disadvantages of facebook to teenagers. Facebook can be simply defined as a social network site which facilitates communications. Look around‚ you can see how most teens spend their time time sitting with smart phones in their hand‚ scrolling through news feed on facebook. This website can be beneficial in several aspects‚ but it also has disadvantages‚ especially to teenagers. Facebook can cause teenagers to lack in social skill‚ have serious health
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One of benefits of the method is the small volumes of data that are accessed by utilizing DNA patterns. Experimental results and security assessment experiments indicate that the method suggested has an ideal level of security. With development of computer networks and the increasing use of Internet‚ the discussion of security in transferring data has been put forward as one of important subjects. The reason for it is the accessibility of data in Internet‚ and their easy access by authorized and unauthorized
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Schooling – Research Starters Education 2008 Lubienski‚ Chris. Evaluation & Research in Education‚ 2003‚ Vol. 17 Issue 2/3‚ p167-178‚ 12p Phillips‚ Kerri‚ Homebound Education- Research Starters Education‚ 2008 http://www.homeschoolingexplained.com/disadvantages-of-homeschooling.asp http://www.homeschoolingfordummy.com/the_pros_and_cons_of_home_schooling.php http://www.hslda.org/laws/default.asp http://www.educationbug.org/a/public-school-vs-home-school.html
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Computers and the Internet are great items for the household‚ but along with these advantages there are disadvantages. They are constantly changing the way that we live and do business. The Internet puts tons of information at a click of a button. This information is a great educational tool for children. The Internet can be very dangerous to young children‚ and there is also research being done now about possible problems that adults have with computers. It is the parents’ responsibility to make
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| | The first general standard requires that the audit be performed by individuals with adequate technical training and proficiency as an auditor. The auditor must have obtained a proper education in accounting and auditing and then increase his/her knowledge and proficiency through experience. | | C. Knowledge of the standards of field work and reporting. | | The first general standard requires that the audit be performed by individuals with adequate technical training and proficiency as
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INFORMATION SYSTEMS AUDITING STANDARDS‚ GUIDELINES‚ BEST PRACTICES ___________________________________________________________________________ Introduction BS 7799 CMM - Capability Maturity Model COBIT – IT Governance Model CoCo ITIL (IT Infrastructure Library) Systrust and Webtrust HIPAA SAS 70 – Statement of Auditing Standards for Service Organisations ___________________________________________________________________________ Introduction Growing business requires computers‚ networking
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External Auditing – Week 4 discussion What do following risk categories mean: planned detection risk‚ inherent risk‚ control risk‚ acceptable audit risk? Can you give some examples? How do we as auditors deal with them? DETECTION RISK Detection risk is the risk that auditor’s substantive procedures will not detect a misstatement that exist in an account balance or class of transactions that could be material‚ individually or when aggregated with misstatements in other balances or classes.
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