An Internship Report On Chartered Accountant Firm TABLE OF CONTENTS CHAPTER # 1 Introduction Some what about Chartered Accountant Firm Organizational Structure Geographical list of CA firms in Pakistan CA firms abroad Chapter # 2 Institute of Chartered Accountants ofPakistan ( ICAP) Introduction Types of Chartered Accountants Role of ICAP Chapter # 3 Services Rendered by a CA Firm Auditing Taxation
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Chapter 1 Accounting Information Systems and the Accountant INTRODUCTION WHAT ARE ACCOUNTING INFORMATION SYSTEMS? Accounting Information Systems—A Definition Accounting Information Systems and Their Role in Organizations CASE ANALYSES The Annual Report Universal Concrete Products Ross‚ Sells‚ and Young‚ LLP REFERENCES AND RECOMMENDED READINGS ANSWERS TO TEST YOURSELF WHAT’S NEW IN ACCOUNTING INFORMATION SYSTEMS? Suspicious Activity Reporting Countering Terrorism Corporate Scandals and Accounting
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4/18/2015 Cloud Computing: What Accountants Need to Know Journal of Accountancy Cloud Computing: What Accountants Need to Know BY ALEXANDRA DEFELICE October 1‚ 2010 There’s no arguing that “cloud computing” is gaining a great deal of momentum. Worldwide‚ cloud services revenue is forecast to reach $68.3 billion in 2010‚ a 16.6% increase from 2009 revenue of $58.6 billion‚ according to analyst firm Gartner Inc. So what does this mean to the accounting profession? What are the benefits and risks
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O. Fortuna 9:00 – 12:00‚ TTH November 29‚ 2011 Why Good Accountants Do Bad Audits The Article on Why Good Accountants Do Bad Audits specifies the different reasons why accountants and auditors have taken part – consciously and unconsciously – in different accounting scandals. The signing of the Sarbanes – Oxley Act of 2002 wishes to achieve corporate accountability. But the signing of this act doesn’t guarantee that accountants and auditors will not feed on their unconscious self – serving
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Ethical Standards for Management Accountants Ethics in any industry is important‚ but for Accounting professionals and those in need of their services‚ it is a particularly stressed element. Information provided by accountants is used to make major decisions‚ including investing‚ downsizing‚ expanding‚ etc‚ so accountants are expected to be competent‚ reliable‚ and have a high degree of professional integrity. Because of these high expectations‚ the professional accountancy industry‚ like many
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given jurisdiction which are generally known as Accounting Standards. GAAP includes the standards‚ conventions‚ and rules accountants follow in recording and summarizing transactions‚ and in the preparation of financial statements. The American Institute of Certified Public Accountants (AICPA)‚ which is the national professional organization of practicing Certified Public Accountants (CPAs)‚ designated Financial Accounting Standards Board (FASB) as the body that establishes generally accepted accounting
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“Adoboli Trades Were Queried by UBS Accountant” I chose an article from the Financial Times that is based on a man by the name of Kweku Adoboli‚ a former trader based in London. Adoboli was accused of fraudulently gambling away $2.3 billion from the Swiss bank‚ UBS. According to his LinkedIn profile‚ from 2006 to 2011‚ he worked at USB’s Equity Trading division as a trade support analyst in the London office. In August 2011‚ a back office accountant at UBS started asking Adoboli questions once
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Provide information about a range of factors which may affect children’s health and well-being at differing times in their lives Include evidence of the effects of these factors on children’s health There are many factors that affect children’s health these can be social‚ psychological and physical factors. Neglect is when a parent or carer of a child does not care or provide for a child adequately. When looking after children physical‚ emotional and educational well-being must be paramount
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Case # 4: 4.7 David Quinn‚ Tax Accountant Auditing problems: 1. The auditors are not comply with integrity standard. 2. The auditors allow client that claim wrong write-offs. 3. The auditors violate client confidentiality. 4. The auditors breach some ethics issues. All the auditor should comply with the following audit standards. 1. AS 8.04 Audit Risk In an audit of financial statements‚ audit risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements
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unethically by underreporting the time she worked on that engagement? Defend your answer. If I was in Hamilton Wong’s position‚ I think I would report all of the time I spent working on the Wille & Lomas audit‚ even if it exceeded the budget. As an accountant‚ my ethical responsibility is to be honest and have integrity and by not reporting the actual amount of time I worked on the audit‚ I would be lying. I will be losing my honesty and integrity if I was not to report the actual amount of worked I
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