udit 22-31 a. The audit program for the audit of Rakin Corporation’s capital stock account would include the following procedures: 1. Examine the articles of incorporation‚ the bylaws‚ and the minutes of the board of directors from the inception of the corporation to determine the provisions or decisions regarding the capital stock. the authorization for the sale of new issues or additional sales of unissued stock‚ declarations of stock splits and dividends in the form of cash
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which proteins are built‚ and lipids from which cell membranes and some signaling molecules are built) and energy. Some of the structural material can be used to generate energy internally‚ and in either case it is measured in joules or calories (sometimes called "kilocalories" and on other rare occasions written with a capital C to distinguish them from little ’c’ calories). Carbohydrates and proteins provide 17 kJ approximately (4 kcal) of energy per gram‚ while fats provide 37 kJ (9 kcal) per
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exercised due care and maintained professional skepticism throughout the audit. According to the AICPA website‚ “due professional care imposes a responsibility upon each professional within an independent auditor’s organization to observe the standards of field work and reporting” (AICPA). This is because the auditors should have been skeptical of Madoff’s bank account and Chase and should have looked into what that bank account was used for. The auditors should have also been skeptical about how Madoff
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which were approved. d. 2 of the declined transactions were perfect rounded numbers $20 and $30 unlike the other transactions b. Additional analysis that I would recommend to be performed and to obtain other indicator to help plan the audit e. List the details of the 2 declined transactions that were exact round numbers f. Add employee details in the transaction list g. Expand the time scope of the first report to coincide with the second report h. Get the
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and analyzes various types of work design that are being used at workplace. In this study the organization’s name‚ its products and services‚ size of organization and a brief description of what is work design shall be included to give assentation to the explained points. This analysis shall provide detailed and very clear covering description of the work design that includes its advantages and disadvantages. The purpose of the study is to analyse organization’s various types of work design and its
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being made by management in each element (account) of a financial statement. 2. Decide which evidence is relevant for supporting or refusing the assertion 3. Select and perform procedures of obtaining the evidence 4. Evaluate the evidence and decide whether management assertions correspond to reality and GAAP - Objectivity – an objective state of mind – intellectual honesty and impartiality. Having a lack of bias in designing and performing the audit work. - Due professional
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Introduction: Audit emerges because society needed. Auditing has been a regular feature of organized human activity from the earliest times. Indeed evidence suggests that formal audit procedures existed in the economic activities of the most of the early civilization. With the advancement of development‚ audit emerges as a separate discipline & contributes to the economic & social advancement. Audits serve a vital economic purpose and play an important role in serving the public interest to strengthen
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Audit Working Papers Presented By: Kanza Masood Presented To: Miss Iram Butt Semester: Semester 6 Date: 18th Feb’13 Course: Audit Internal Control ------------------------------------------------- Audit working papers Audit working papers are the documents which record all audit evidence obtained during financial statements auditing‚ internal management auditing‚ information systems auditing‚ and investigations. Audit working papers are used to support the audit work done in order to provide assurance
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1. The 2011 MGB Internal Audit Plan included an audit of the Institute’s Argentina Office (ARGENTINA) in Argentina. 2. MGB established this office in May 1996 by execution of an Agreement with the Government of Argentina to establish a‚ Argentina Regional Office. The Agreement provided international and diplomatic status to this office. The mission of the office as set down in the Agreement was to: 1. Monitor MGB’s activities in Argentina; 2. Develop research programs with national
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Marketing Audit Report ____________________________________________________________ ____________ Cover Page ____________________________________________________________ ____________ Ashwin S. 1 Marketing Audit Report ____________________________________________________________ ____________ Executive Summary Because many surprises occur during the implementation of marketing plans‚ the marketing department must practice constant marketing control. Marketing control involves
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