ACC 411 Auditing Fall 2014 Instructor: Dr. Matthew J. Beck Office: N227 Business College Complex (BCC) Office Phone: 884-7611 E-mail: beckm@broad.msu.edu Course Web Page: d2l.msu.edu Course Texts: Prentice Hall – Auditing and Assurance Services – An Integrated Approach 15th edition. Arens/Elder/Beasley (Required) Please bring your textbook to each class session Class Hours: Monday / Wednesday 8:30 - 9:50 a.m. 119 Eppley Center Monday / Wednesday 10:20 - 11:40 a
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Introduction Internal audit is an independent‚ objective assurance and consulting activity designed to add value and improve an organization’s operations. Proper internal control not only ensures that the assets and records are safeguarded‚ but also creates an environment in which efficiency and effectiveness are encouraged and monitored. This report is mainly focused on internal audit and internal control system in a company. In this case‚ the company is Kejora Bhd.. This report also focused
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12.25 A 12.29 D 12.33 D 12.37 A 12.26 D 12.30 B 12.34 A 12.27 A 12.31 A 12.35 C 12.28 C 12.32 C 12.36 D 12.39 a. In this situation‚ scope limitation on accounts receivable audit is created because auditors are unable to obtain sufficient appropriate evidence using alternative procedures. Thus‚ if the amounts of wrong account receivables are material but not pervasive‚ the auditor can issue qualified opinion. If the scope limitation if pervasive‚ meaning the amounts of this prohibition
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A.19 To perform an attestation engagement on prospective information or pro forma information‚ accountants must do all of the following except: B. Understand the internal controls used in the processes that generated the information A.20 If a nonissuer wants an accountant to perform an examination of its internal controls‚ the accountant should follow: B. AICPA AT 501‚ “An examination of an entity’s internal control over financial reporting that is integrated with an audit of its financial statements
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during this session include Consider how fraud can be perpetrated and concealed Consider ROI for fraud Consider industry conditions Consider operating characteristic and financial stability 4. Obtain additional information about fraud risk a. through specific procedures such as : Inquiry the management and others (e.g. audit
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and regulations. True False 10. Auditing is frequently only a small part of the practice of local CPA firms. True False Multiple Choice Questions 11. A summary of findings rather than assurance is most likely to be included in a(n): A. Agreed-upon procedures report. B. Compilation report. C. Examination report. D. Review report. 12. The Statements on Auditing Standards have been issued by the: A. Auditing Standards Board. B. Financial Accounting Standards
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MIT765801 AUDITING Individual Assignment HIH Insurance Report Student Name: Jinyun Wang Student ID: MIT122634 Lecturer Name: Susan Currie Tutor Name: Susan Currie Due Date: 29 / 1 / 2014 Submitted date: 7/ 2/ 2014 by email Executive Summary The auditing profession plays a significant role in industrialized economies for many years. In the insurance industry‚ the manner of auditing profession is regulated. The collapse of Health International Holdings (HIH) was recorded
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Disadvantages of Democracy Making the wrong choice In a democratic country‚ it is the common man who has the supreme right to choose their legislature and their prevailing authorities. As per a general study‚ not all the people are completely conscious of the political circumstances in their nation. The common masses may not be acquainted of the political matters in their society. This may lead to common man taking an erroneous selection during election. Authorities May Lose focus As the government
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C and Data Structures Lab Manual Lab Manual Computer Engineering and Information Technology III Semester / ‘K’ Scheme Prepared By K.ManiRaj M.Sc.‚M.Phil.‚ & P.Vinitha M.Sc M.Phil Lecturer‚ Department of CE/IT‚ M.S.P.V.L Polytechnic College‚ Pavoorchatram. M.S.P.V.L Polytechnic College‚ Pavoorchatram Page 1 C and Data Structures Lab Manual 1A Celsius to Fahrenheit Conversion and vice versa Aim: To write a ‘C’ program to convert the given temperature in degree centigrade
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performance. Answer T for True and F for False for the following questions. 3 Only the top managers in organizations need conceptual skills since it involves planning. 4. Human skills are the manager’s ability to work with and through other people and to work effectively as a group member. 5 Technical skills are most important at lower organizational levels while human skills become more important as managers move up the organizational hierarchy. 6. Technical skills are
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