1. Summary of the report: Qualified Opinion In our opinion‚ except for the effects of the adjustments on the financial statements‚ if any‚ as mentioned in the preceeding paragraph‚ the financial statements have been properly drawn up in accordance with IFRS and the Companies Act‚ 1965 so as to give a true and fair view of the financial position of the Group and of the Company as at 30 June 2009 and of their financial performance and the cash flows for the financial year then ended. This is
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analysis in your Visual Arts Process Diary. André Derain: London Bridge‚ oil on canvas‚ 66×99.1 cm‚ 1906 (New York‚ Museum of Modern Art); © 2007 Artists Rights Society (ARS)‚ New York/ADAGP‚ Paris‚ photo © The Museum of Modern Art‚ New York Ernst Ludwig Kirchner: Street‚ Dresden‚ oil on canvas‚ 150.5×200.4 cm‚ 1908 (New York‚ Museum of Modern Art); photo © The Museum of Modern Art‚ New York‚ © Artists Rights Society‚ NY Jacques-Henri Lartigue: Paris‚ Avenue du Bois de Boulogne‚ gelatin
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not appropriate with authority? 2. Identify controversial issue(s)‚ 3. Support your arguments 4. Answer the question - State your opinion/ conclusion Case Study 5 The answer is adapted from HKICPA FE (December 2003) Paper II Case Question 4. There is an inconsistency in the auditor’s report. The Qualified Opinion paragraph indicates that the opinion is qualified on the basis of scope limitation‚ while the Basis for Qualified Opinion paragraph suggests that the uncertain results of Lam’s negotiations
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CHAPTER 1 REVIEW QUESTIONS 1.2What qualities must an ‘assurer’ have in order for you to feel that their statement has high credibility? An assurer must have the knowledge and expertise to assess the truth and fairness of the information being presented by the preparers. Auditors of financial reports need to be trained accountants with detailed knowledge about the complex technical accounting and disclosure issues required to assess the choices made by the financial report preparers. When
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Review: ?Darwin?s Influence on Modern Thought? (author: Ernst Mayr) The article ?Darwin?s Influence on Modern Thought? informs the reader about Charles Darwin?s theory of evolution and all his ideas about natural selection. These were brave discoveries at the time because they went against the Catholic Church?s theory of evolution that our world was made in six days. This was the biggest conflict against the Catholic Church of it?s time. Charles Darwin founded evolutionary biology‚ which was a new
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ZZZZ Best‚ Inc. The start of ZZZZ Best: ZZZZ Best started as a carpet cleaning company. Barry Minkow founded ZZZZ Best in his parents’ garage in 1982 when he was only sixteen years old. Due to high competition in the industry‚ low enter barriers‚ and bad internal control‚ this young entrepreneur started to have cash flow problems‚ and a shortage of working capital. Pressure Leads to Fraud: Under financial pressure‚ Minkow started to commit fraud. He forged credit card applications‚ staged
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Audit Framework 2011/12 Coursework Student name: Hoai Phuong Le ID number: U0870879 Pathway: BA Accountancy – Final Year Word count: 2490 The purpose of a statutory audit is defined in law. Its function is to report to the shareholders‚ on whether the financial statements show a true and fair view‚ have been properly prepared in accordance with the Companies Act and the applicable financial reporting framework (Shah‚ 2009‚ pp72-73). It is believed
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Material Financial Statement Review What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors? For FY15 the total consolidated income for Walmart is $17‚099 million. In FY14 Walmart recorded a loss from FY13‚ but is showing an increase with $16‚695 million in FY14 to FY15. Page 38 of the Annual Financial Report shows these figures along with many other figures. Investors look at the Annual Financial Report to see
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Standing Nude with Hut Ernst Ludwig Kirchner Ernst Ludwig Kirchner’s painting “Standing Nude with Hut” (Nackte Frau mit Hut) represents a female figure standing alone without any clothes inside a room. Though she’s unclothed‚ she wears a black round hat‚ some pieces of jewelry and pointy red shoes. The black color used for the hat was also used for the pubic hair of the Woman‚ which emphasizes its rectangular shape. Geometrical forms painted in different tones of green‚ yellow and a vivid blue
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Financial Statement Review University of Phoenix ACC/561 Financial Statement Review Introduction Financial statements play a significant role in each and every type of business. The financial statements provide a wealth of information to auditors‚ creditors‚ investors‚ suppliers and other important venues that need access to this type of information. This paper will discuss four different types of financial statements and how they are utilized by vendors‚ creditors and others
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