Rittenberg 8th edition: Q 2-45 (pages 66 and 67) 2-45 (Audit Committees and Auditor Independence‚ LO 4‚ 5‚ 6) The audit committee is required to evaluate the independence of both the internal and external audit functions. Required a. What factors would you suggest an audit committee look at in evaluating the external auditor’s independence? b. How can the audit committee influence the independence of the internal audit function? c. The audit committee must pre-approve all nonaudit services pro-
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Case 1.9 Zzzz Best Company Case 1.9 ZZZZ Best Company‚ Inc. 1. A review is similar to an audit but is less in scope and only provides limited assurance in regards to the presentation of the financial statement. This differs with an audit that gives reasonable assurance that no material errors or illegal acts are detected. The objective of an audit is to provide a reasonable basis for expressing an opinion regarding the financial statements taken as a whole. A review does not provide a basis
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Whitney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for the three months ended July 31‚ 1986. How does a review differ from an audit‚ particularly in terms of the level of assurance implied by the auditor’s report? While both a review and an audit are attestation services provided by CPAs. A review and an audit differ in that a review does not offer the level of assurance that an audit does‚ auditors do not
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for accounting differ significantly with those of audit financial statements in compliance with the general accepted auditing standards. During a review the accountants will perform analytical procedures and will obtain their information from asking the management a variety of questions rather than obtaining an understanding of the internal control structures and obtaining evidential matter throughout inspection‚ observation or confirmation as an audit process requires. Upon completion of the process
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promoting cultural diversity in work with children and young Written Assignment 1 This assignment should demonstrate the following knowledge and understanding relating to these learning outcomes: Assessment criteria 1.2 • A description of the importance of supporting the rights of all children and young people to participation and equality of access Assessment criteria 1.3 • A description of the importance and benefits of valuing and promoting cultural diversity in work with children
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Ethnic and Racial Studies Vol. 34 No. 12 December 2011 pp. 21532172 Multiculturalism as nation-building in Australia: Inclusive national identity and the embrace of diversity Anthony Moran Abstract This article discusses the relationship between multiculturalism and national identity‚ focusing on the Australian context. It argues that inclusive national identity can accommodate and support multiculturalism‚ and serve as an important source of cohesion and unity in ethnically and culturally diverse
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org/10.3846/bme.2011.16 ANALYSIS OF INTERNAL AUDIT FUNCTIONING IN POLAND – EMPIRICAL RESEARCH FINDINGS Edita Bielińska-Dusza Department of Strategic Analysis‚ Cracow University of Economics‚ ul. Rakowicka 16‚ 31-510 Kraków‚ Poland E-mail: edytadusza@gmail.com Received 18 November 2010; accepted 15 January 2011 Abstract. The purpose of the article was to present the research conducted in companies‚ concerning the functioning of internal audit in Poland. During the research‚ the author identified
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identify the existence of audit committee and the practice of corporate governance in public sector entities. The requirement of audit committee and corporate governance has been increase in the corporate sector and also in public sector but there are small differences in the implementation between this two sector that has been discuss in this study. This study also discuss about the characteristic of audit committee‚ effectiveness of audit committee‚ the roles of audit committee and a few past studies
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ensure that audit failures do not occur? Here are our contents. First we give a brief introduction and we talk about some professions’ and regulators’ measures‚ and also some safeguards‚ finally we have a conclusion‚ if u have any questions‚ we are welcome to answer your questions at the end in the Q&A section. As we know‚ audit is playing a very important role in the current society. For example‚ lots of investors’ economic decisions will be influenced by audit reports. So the quality of audit is necessary
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ARTICLE REVIEW: NO 2 TITLE: The training and development audit evolves: Is your training and development budget wasted? The Authors: peter Admason ‚and Jim caple INTRODUCTION: This article evaluates the study of conducting an audit of training and development of different medium and large size of organization. Presents a three level of model that is event/program level‚ functional level and organizational level.This model is comprehensive and according to the standard of training and
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