Vietnam National University – International School HELP Bachelor of Business (Hons) ACC303 Auditing & Assurance Services Assignment Year 3‚ Semester 2‚ Batch 11 March 2015 Date of Release: 25 May 2015 ASSESSMENT DETAILS Due Date: 8 June 2015 Value: 20% of total assessment for this subject GENERAL INSTRUCTIONS: 1. Please take note that copying the work of others‚ allowing others to copy your work‚ and / or attempting to do any of the above mentioned will result in automatic failure of your
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of users. If the auditor were to favor one group‚ such as existing shareholders‚ there might be a bias against another group‚ such as prospective investors. a. What steps has the external auditing profession taken to minimize potential bias toward important users and thereby encourage auditor independence? ---The external auditing profession as a whole has became more concentrated on maintaining auditor independence and it is now one of the cornerstones of quality auditing. One way that independence
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earnings from 1997 to 2000. Several parties got their hands dirty in the scandal‚ including the then senior Xerox management‚ the Board of Directors and external auditor KPMG LLP. The failure of those parties in discharging their duties induces the further thought of trust and accountability among them and shareholders. Furthermore‚ the external environment in 1990s‚ including economic bubble boom‚ irrational investors‚ fierce industrial competition and ineffective regulations on audit‚ provided
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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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GRADUATE SCHOOL OF MANAGEMENT FIN 6650 Accounting and Control for Islamic Institutions Group Assignment: “Issues and Challenges of Shariah Audit: Post IFSA 2013 Establishment” Prepared for: Assoc. Prof. Dr. Noraini Mohd. Ariffin Prepared by: Siti Azrai Binti Ahmad Akil G1019578 Mirzohid Nizamidiniv G1124429 Asaad Mohamed G1311795 Table of Contents ABSTRACT 3 CHAPTER ONE 4 INTRODUCTION 4 1.1 BACKGROUND OF THE STUDY 4 1.2 RESEARCH QUESTIONS 5 1.3 RESEARCH OBJECTIVES 6
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Define scientific reliability and validity. Reliability focuses on the consistency and stability of measurement. There are pros and cons to obtaining reliable measurements. One way to test reliability in a measure is to perform the same test on the same population multiple times which is called reliability coefficient (Branson‚2014). Another way to test reliability is by randomly splitting test questions in half‚ administering‚ then look for consistencies‚ which is called split-half reliability
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Q 2.5 ■ The external auditor is the person appointed by the local government under the Local Government Act 1995 to undertake an audit of the accounts and financial report for each financial year. ■ The internal auditor is the person appointed by the local government to undertake an audit of the adequacy and effectiveness of the internal control structure and may include financial controls‚ legislative compliance‚ information systems‚ employment practices and risk management. The primary role
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Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol.4‚ No.6‚ 2013 www.iiste.org Audit Practice in Global Perspective: Present And Future Challenges AbdulFattah AbdulGaniyy Department of Accountancy‚ The Federal Polytechnic‚ Kaura Namoda‚ Nigeria. * E-mail of the corresponding author:abuaishah1425@yahoo.com Abstract This paper discusses the history of audit and its development particularly Enron and Worldcom scandals as some of the audit failures that increased
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corroborate that the information provided by their client is reliable and valid. There are two main types of confirmations that are related to where corroborate the information obtained and these are the internal and external confirmations. In addition‚ there are two types of external confirmations related to corroborate the information requested and there are the positive and negative confirmations. Internal Confirmations The internal confirmations are information given by people inside of the company
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Fraud in an Audit of Financial Statements”. New York: IFAC. KPMG‚ 2006. Massive surge in fraud in 2005. [online] Available at:<http://www.kpmg.co.uk/news/detail> [Accessed 7 April 2011]. Porter‚ B.‚ Simon‚ J.‚ Hatherly‚ D.‚ 2008. Principles of External Auditing. 3rd edition. Chichester: John Wiley & Sons‚ Ltd. Ramos‚ M.‚ 2003. Auditors’ responsibility for fraud detection. Journal of Accountancy‚ Online Issues‚ pp.1-11.
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