(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- vided by the external auditor. Assume the audit committee
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Legal/Ethical Study Guide 1.) Nurse Practice Acts 3 Origins of legal guidelines for nursing: 1) Statutory Law - Elected legislative bodies such as state legislatures and the US Congress create these laws. - Nurse Practice Acts .Describe and define the legal boundaries of nursing practice within each state. - Standards Of Care – Provide the minimum acceptable nursing care. - Establish educational req’s for nurses - Distinguish between nursing and medical
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When it comes to selling and buying a home‚ real estate legal liability has several components that involve representing the property‚ protecting the interest of all parties‚ and neglecting parts of the sales process. Sellers are more likely to be confronted with legal liabilities pertain to the home’s condition s found during the home inspection and after the sale‚ once the buyers take occupancy. Legal liabilities for sellers after the home is sold and transfer of ownership is complete may exist
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The relationship of audit techniques‚ audit procedures and assertions Audit technique - are the basic tool or means employed to obtain audit evidences. Audit procedures - are the application of audit techniques. Assertions – are representation of management as to the fairness of the financial statements. Audit Techniques Audit Procedures Assertions Count Counting of inventory‚ cash securities‚ unmatured‚ promissory note (to establish existence and where applicable‚ ownership
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Ethical and Legal Issues in Nursing How personal and societal values can influence ethical decision- making process when nurses are faced with ethical issues‚ nursing has long advocated a nonjudgmental approach to care. Nurses need to able to apply ethical principle in decision- making and consider their own values and belief and the values and belief of the client. As nurses we have the responsibility to protect the right of the client by acting as client advocate. According with Blais‚ Hayes‚
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A Comprehensive Safety Policy for Workers In A Government Primary School BACKGROUND OF THE SCHOOL The Public Primary School was established on January 25th 1956. It was constructed by Trinidad Leaseholds Limited (the precursor company to TEXACO‚ TRINTOC and PETROTRIN) on lands owned by the named companies and donated to the Gasparillo community. This institution was established to facilitate chronic overcrowding at Gasparillo Government Primary School. In its fifty–six (56) year history‚ the
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because it is the vital part and the foundation on which the society is build. A business/society that lacks ethical principles is bound to fail sooner or later. While many businesses have codes of ethics‚ the words written in a formal code are valuable only if their intent is reflected in the actions of the people who represent the organization. A business cannot be any more – or less – ethical than the people who run it and who work for it. Within a company‚ people take their cues regarding the behaviors
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A Day in the Life of Brent Dorsey Staff Auditor Professional Pressures 1. The alternatives available to Brent in regards to the audit of payables are: a. Change the audit plan and only pull 20 invoices opposed to the allotted 30. i. Pros – they may be able to come in on or under budget ii. Cons – they could miss something‚ and get in serious trouble for not following procedure b. Work more hours then the allotted time but report only 35 hours “eat time”
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Ethical Decisions and Responsibility Richard DeSordi Law‚ Ethics And Corporate Governance Professor Everett L. Bensten‚ Esq. February 13‚ 2013 Ethical Decisions and Responsibility Running a large corporation or organization will always be challenging. Making sure it is being run ethically with profitability only enhances the challenge. To be effective‚ ethical and profitable Dr. DoRight will need to be able to uphold the “Hippocratic Oath” (Hippocratic Oath‚ 2013) and identify who he and
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Ethical and Legal Obligations Ethical and legal obligations apply to all members of society. As one in society‚ the obligation to act in an ethical‚ law abiding manner on a daily basis is vital to the integrity of daily life. Many professions have their own code of ethics. Financial reporting is not exempt from such ethical and legal standards. One’s lively hood depends on decisions made in the business world. Business transactions are done daily and can impact one’s economic stability.
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