spark triggered the fire. This report has been designed structurally from identifying the problem‚ the effect and subsequently discuss on the measurements to balance the order. There are lots of companies have run the electronic auditing procedures to monitor the computer use of the employees. They perceived this matter seriously because the future achievement is their priority. But is the implementation of the employee monitoring system is necessary is still under a heat debate because it deals with
Premium Computer Surveillance Privacy
Auditing Theory 1. A control which relates to all parts of the EDP system is called a(n) a. Systems control c. Applications control b. General control d. Universal control 2. Which of the following is not an output control? a. Proper authorization of transaction b. Control totals c. Check digits d. Adequate documents 3. Should the auditor feel‚ after obtaining an understanding of the EDP internal control structure‚ that
Premium Auditing Internal control Financial statements
Concept and significance of Auditing The word ‘audit’ is derived from the latin word ‘audire’ which means to hear. In the olden times‚ when frauds or errors were suspected as regards receipts and payments in business or to verify tax amount payable to the king‚ explanations would be heard from persons responsible for keeping accounts. Today‚ audit is more than just cash verification. It is reporting about the financial position of an organization as disclosed by the Profit and Loss account
Premium Audit Auditor's report Auditing
Example auditing case 1)” Based on the information given in this case and your knowledge of auditor’s reports‚ identify the deficiencies in the draft of the proposed report. Do not redraft the report‚ but provide justification or explanation for each of the deficiencies you identify” (Pany‚ Auditor’s Report‚ 2010). A. In the Introduction paragraph it states “As discussed in Note K to the financial statements‚ the Company has properly disclosed a subsequent event dated March 14‚ 20x9” (Pany‚ Auditor’s
Premium Auditor's report Auditing Audit
Bibliographic Reference Author: Osama Shaban‚ Accounting Department‚ AlZaytoonah University of Jordan Title: Auditing Human Resources as a Method to Evaluate the Efficiency of Human Resources Functions and to Control Quality Check on Human Resource Activities International Business Research Journal‚ Vol. 5‚ No. 3 PP.122-129 © Canadian Center of Science and Education Introduction Objectives of the article include: • To evaluate the efficiency of human resources at all
Premium Human resources Human resource management
1. An audit charter should: A. be dynamic and change often to coincide with the changing nature of technology and the audit profession. B. clearly state audit objectives for‚ and the delegation of‚ authority to the maintenance and review of internal controls. C. document the audit procedures designed to achieve the planned audit objectives. D. Outline the overall authority‚ scope and responsibilities of the audit function. Answer:_____D______________________ 2. Which of the following
Premium
believe that computers are more a hindrance than a help in todays’s world. Others feel that they are such indispensable tools that they would not be able to live or work without them. - In what ways are computers a hindrance - What is your opinion? Nowadays we can see computers increase their popularity; however‚ using computer too much may lead to negative results. Some people believe that computers have more adverse effects than their helps while others comment that computers are necessary
Premium Computer Computer software Personal computer
Computer was invented by Charles Babbage in 1822. The computer is the most wonderful gift of science to the modern man. The computer can do all the works of man. Thus‚ after the invention of computer‚ the gap between man and machine has been bridged up.The dictionary meaning of the word "Computer" is an electronic calculating machine. Though a machine‚ it contains and provides innumerable informations. It may seem strange‚ but it is true that the memory and intelligence of a computer can be greater
Premium Computer Charles Babbage
investors’ next step was to sue the auditors of Stanford Financial Group. BDO‚ the accounting firm that was responsible for auditing Stanford’s financial statements‚ is currently the target of a major lawsuit. BDO did not act in accordance with the responsibilities of an auditor and thus led to audit risk‚ lack of independence‚ and various violations of the PCAOB’s auditing standards regarding investment securities. BDO consistently issued unqualified reports when there were material misstatements
Premium Auditing Investment Auditor's report
Auditing Theory College 1: Het waarom van de accountantscontrole Agency theorie: De agency theorie legt de relatie tussen de 3 perspectieven uit. De drie partijen zijn‚ namelijk de principaal (investeerder)‚ agent (management)en monitor (accountant). De agency costs nemen relatief meer toe dan dat het aandelen bezit van de manager afneemt. Daarnaast kunnen de agency costs die groei begrenzen door dat eventuele investering niet gedaan kunnen worden. Je kan er van uit gaan dat de agency costs een negatieve
Premium Management Auditing Internal control