33). The audit can be viewed as an integral part of corporate financial reporting‚ where the assurance it provides stems from the trust placed in the judgement of the auditor. The audit is designed to demonstrate ‘the completeness‚ accuracy and validity of transactions which‚ when aggregated‚ make up the financial statements’ (Power‚ 1997‚ p. 24). An audit is ‘an independent examination of‚ and the subsequent expression of opinion on the financial statements of an organization’. (Hussey 1999)
Premium Audit Financial audit Auditing
ABSTRACT The purpose of this paper is to identify the existence of audit committee and the practice of corporate governance in public sector entities. The requirement of audit committee and corporate governance has been increase in the corporate sector and also in public sector but there are small differences in the implementation between this two sector that has been discuss in this study. This study also discuss about the characteristic of audit committee‚ effectiveness of audit committee‚ the
Premium Auditing Internal control Internal audit
Validity‚Credibility‚ & Reliabilty XBCOM275 Feb 8‚ 2013 Validity‚ Credibility‚ & Reliability When seeking out the validity‚ credibility‚ and reliability of a source there can be a vast array of sources to compare when seeking this answer. For example‚ when validating a source we can research the author and his or her background pertaining to the data in question. Data within a claim can be meant to sway the reader one way or the other‚ with this in mind‚ I look at who and what there
Premium Source Statistics Columbine High School massacre
There were several situations that lead the executives and managers of WorldCom to "cook the books." Acquisition of other companies drove WorldCom to spend beyond their means; managers were told to spend whatever was necessary to increase revenue‚ even if it meant that long-term costs would outweigh the short-term gains. This fiscally unhealthy mentality led to a very bad decision to enter into long-term fixed rate leases for network capacity with extensive punitive termination provisions. Once the
Premium Fraud Audit External auditor
Compare and Contrast Two Types of Validity The first measure to be examined is face validity which evaluates the extent that a measure appears to be valid to the group that the instrument is administered. One example‚ would be using a depression scale‚ “we would expect it to contain items about sadness‚ suicidal thoughts‚ grief‚ crying spells‚ and lack of energy. However‚ if the scale included items that asked about our hair color‚ favorite flavor of ice cream‚ and feelings regarding cats‚ it would
Premium Scientific method Research Quantitative research
in results and fill those gaps accordingly to improve company performance. 2.0. Macro Environment Analysis Hubbard‚ Rice‚ Beamish (2010)‚ explains that all the factors outside the organization that effect the business are studied under external environment analysis. These factors effect the strategy formulations‚ vision and mission planning and future organizational business. Environment analysis comprises of
Premium Strategic management Starbucks Porter five forces analysis
International Business Review 19 (2010) 119–125 Contents lists available at ScienceDirect International Business Review journal homepage: www.elsevier.com/locate/ibusrev International business‚ corporate social responsibility and sustainable development Ans Kolk a‚*‚ Rob van Tulder b‚1 a b University of Amsterdam Business School‚ Plantage Muidergracht 12‚ 1018 TV Amsterdam‚ The Netherlands RSM Erasmus University Rotterdam‚ Burgemeester Oudlaan 50‚ 3062 PA Rotterdam‚ The Netherlands
Premium Business ethics Corporate social responsibility Management
Business Ethics Decision-Making Cases Write-ups Arthur Andersen: Questionable Accounting Practices Name: Wen Jiangshan Student ID:2011008274 Part I. Summary of the case Case 2 mainly introduces how Arthur Andersen‚ who used to be one of the “Big Five” largest accounting firms in the United States‚ strayed away from accepted policies and stuck in a string of accounting scandals‚ finally closed its doors after 90 years of business. The firm’s name was synonymous with
Premium Audit Enron Business ethics
auditors could have requested receipts for sales over some established threshold in order to verify their accuracy‚ completeness‚ and existence. Since the transshipping sales were likely very large transactions‚ closely auditing larger transactions for validity could have detected this activity. The
Premium Audit Cycle count Auditing
1. Compare and contrast the advantages and disadvantages to the female of external versus internal fertilization. In comparing‚ external fertilization occurs when the release of both sperms and eggs into an external environment‚ the sperm will then fertilize the egg outside of the organism for example in spawning. Internal fertilization‚ on the other hand‚ occurs when the egg is within the female‚ and a male mounts the female and releases sperms into her. The advantages of internal fertilization
Premium Human Pregnancy Genetics