Jessica Schmitt Auditing Chapter 9‚ problem 9-28 A. Since there are no specific materiality guidelines‚ it is the auditor’s professional judgment that must be used to determine the appropriate preliminary estimates of materiality. I used the guidelines listed on pg 251 in figure 9-2: Statement Percent Guideline Dollar Range (in thousands) Earnings from continuing operations before taxes 3-6 % $12‚500-$25‚100 (rounded) Current Assets 3-6 % $67‚600-$135‚200 (rounded) Current Liabilities 3-6 %
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Mutually Exclusive Events Two events are mutually exclusive if they cannot occur at the same time. Another word that means mutually exclusive is disjoint. If two events are disjoint‚ then the probability of them both occurring at the same time is 0. Disjoint: P (A and B) = 0 If two events are mutually exclusive‚ then the probability of either occurring is the sum of the probabilities of each occurring. Specific Addition Rule Only valid when the events are mutually exclusive
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spark triggered the fire. This report has been designed structurally from identifying the problem‚ the effect and subsequently discuss on the measurements to balance the order. There are lots of companies have run the electronic auditing procedures to monitor the computer use of the employees. They perceived this matter seriously because the future achievement is their priority. But is the implementation of the employee monitoring system is necessary is still under a heat debate because it deals with
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We are becoming increasingly dependent on computers. They are used in business‚ hospitals‚ crime detection and even to fly planes. What things will they be used for in the future? Is this dependence on computers a good thing or should we be more suspicious of their benefits? In the last two decades cybernetics have experienced a major breakthrough .This led to the utilization of computers in nearly all parts of our daily life‚ from personal computers to the ones performing complicated surgeries
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International Accounting – Chapter 1 1. Explain why an individual investor might want to invest in an international growth fund. An individual investor might want to invest in an international growth fund if they are seeking to become more diversified. During times when the US stock market is poorly performing‚ it is likely that its foreign counterparts will be doing well because the two markets often have an inverse relationship. An investor might also want to invest in an international growth
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Emerson’s idea of Self Reliance can be compared to the life of Fredrick Douglass. Douglass’ life in captivity limited his choices for experience and kept him without material possessions. These are two factors considered by Emerson to be important in obtaining Self Reliance. Emerson’s Self Reliance can also be contrasted to the life of Fredrick Douglass. Emerson’s belief that all men should accept the place they were given in the world would not be true for Douglass. Fredrick Douglass himself‚ however
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Hater T University Experience University at.... Fair This fall I attended the University sponsored fair. At first I was apprehensive about going but once I learned that about one hundred dollars from everyone’s tuition goes to these events I decided to make the most of my money. The fair was far from what I expected there were games‚ coasters‚ food and shows‚ all this for free. I played in the carnival games and won a purple stuffed animal for my girlfriend at the time. Then my group
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Janil Gada MBA MC1 - 0016 10 Genres of Events 1. Entertainment & Leisure Events: * Parikrama * Vedas * Nirvana * Swedish House Mafia * Nichelback Rockstar * David Guetta * Norah Jones concert * Sun Burn * Tomorrow Land * Burning Man * Boom Festival * Nakshatranche dene * Sur aur taal * Sa re ga ma pa * Indian Idol 2. Government & Civic Events: * MNS campaign * Election campaigns * Barack
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1.26 Value of auditing Required: Would you obtain an audit for this company? Explain the reasons for your decision. Yes‚ audits exist because of regulatory mandate (required by government). There are three theories which propose reasons why demand for audits might exist without regulatory mandate: 1. Agency theory (The focus of the agency demand for auditing is more related to the stewardship role of accounting- which is more an examination of what has happened.) The separation of ownership
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medical office is just what the doctor ordered; after all‚ there will always be people who are ill and need professional attention. Even though your role is behind the front desk‚ your healthcare uniform could easily transport germs to make healthy people sick. However‚ there are several ways you can prevent this from happening. All you need to do is to keep these pointers in mind‚ so your uniform is hygienic rather than harmful. Hot water wash Many Australians have changed their laundry habits and now
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