given in the form of a report issued to the intended users by the responsible party. This report is actually a claim by the responsible party of a fair evaluation of subject matter. On that assertion made by the responsible party practitioner is asked to confirm whether such assertion of evaluation is fair or not. An engagement to attest the assertions of responsible party is called attestation engagement. And at the conclusion of attest engagement‚ practitioner will issue a report in which he may word
Premium Auditing Financial audit
Case Study 5 1. Explain WHY 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
Premium Auditor's report Balance sheet
on the quality and quantity of audit evidence to be obtained when auditing financial statements and the procedures for obtaining that audit evidence. Audit Evidence (AE) "Audit evidence" means the information obtained by the auditor which includes source documents and accounting records underlying the financial statements and corroborating1 information from other sources. The auditor should obtain sufficient appropriate audit evidence to be able to draw reasonable
Premium Balance sheet
Audit committee member toolkit June 2009 Table of contents Audit committee charter Example audit committee charter ..............................................................................................................................1 Audit committee report Example report of the audit committee ....................................................................................................................11 Financial expertise Audit committee financial expert questionnaire
Premium Internal control Auditing Audit
I hope you’ll agree that the relevant combinations of my qualifications for this Short Term Disability Claims Case Manager position are an excellent fit. As you will see included in my resume‚ are a wide-range of challenging and appealing experiences. I possess superior patient care and customer service skills which I firmly believe are valuable attributes for this position. I feel that my experience in both business and as a registered nurse will translate immensely to this position. Having experience
Premium Nursing Management Patient
Running head: Beginning the Audit Report Beginning the Audit Report Gina Taylor Auditing ACC/546 Selina Ashworth August 20‚ 2012 AUDIT ENGAGEMENT LETTER August 20‚ 2012 Larry Lancaster Apollo Shoes 10253 W. Higgins Rd. Ste 600 Rosemont‚ IL 60018 Dear Mr. Lancaster: This letter is to confirm our understanding of the terms and objectives of our engagement and the nature and limitations of the services we will provide. Services We will audit the financial statements of Apollo Shoes as of
Premium Audit Auditing
National Association of State Boards of Accountancy JUSTICE HOBBS delivered the Opinion of the Court. JUSTICE SCOTT does not participate. The Colorado State Board of Accountancy (Board) appeals from a decision by the court of appeals allowing the accounting firm of Zaveral Boosalis Raisch (ZBR) to use the accountant-client privilege‚ see § 13-90-107(1)(f)(I)‚ 5 C.R.S. (1997)‚ to refuse compliance‚ absent the client’s consent‚ with a subpoena issued by the Board. The Denver District Court interpreted
Premium Colorado Accountant Certified Public Accountant
television networks such as ABC‚ ABC Family‚ ESPN‚ and of course its own Disney Channel. It also owns and manages the Disney Resorts as well as theme parks internationally. There are many different accounting policies that exist within the company‚ but some seem much more significant than others. One major accounting policy for the company lies within the Film and Television Revenues and Costs. This policy discusses how the company records television production cost as well as how estimates for the Ultimate
Premium The Walt Disney Company Walt Disney American Broadcasting Company
Types of Environment Audits Site Audit 1. Reclamation of Land * Important because the inception of the Mining Act was passed in 1869. * was periodically amended and in 1991 included closure and reclamation * Therefore‚ after the amended Mining Act in 1991 when a mine begins its operation it must have plans‚ procedures and funds to restore the land to its natural state. 2. Longer term protection of close sites * A closed mine site can be monitored forever due to the hazardous
Premium Mining Oil spill
Operational Audit Best Practices A methodology to Conduct Operational Audit in Public Sector Organizations What is Operational Audit? Operational Audit is a methodology for assessing the conformity of implementing the procedures and methodologies set forth in the department’s instructions‚ regulations or documents. Operational audit is performed by specialized auditors. Upon completion of the auditing process‚ a report of findings with recommendations is submitted. Operational audit contributes to
Premium Audit Auditing Internal control