INTRODUCTION For this course which is Audit 1‚ I need to complete the case study‚ the topic that I have chosen is Audit of property‚ plant and equipment. Property‚ plant and equipment are assets that have expected lives of more than one year‚ used by the company for business purposes‚ and are not acquired for resale. The purpose of using property‚ plant and equipment as part of the operation of client’s business and their expected lives of more than one year are the significant characteristics that
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1965 so as to give a true and fair view of the financial position of the Group and of the Company as at 30 June 2009 and of their financial performance and the cash flows for the financial year then ended. This is a qualified audit report. 2. The qualified audit opinion was based on two immaterial circumstances i.e. • one of the subsidiary’s books and records were destroyed by fire‚ • auditors of other subsidiaries did not allow the auditor of the group to have access to their files
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The Reconstruction Era was a time of incredible upheaval and violence propelled by politics. The 5th amendments addition to the constitution in 1870‚ direct disenfranchisement was no longer permitted. Southern whites constructed alternative techniques in order to accomplish their goal— to silence black voices during elections. These methods included literacy test‚ electoral fraud (ballot stuffing)‚ poll taxes‚ the grandfather clause and violence. The Process of Reconstruction lasted from 1863 to
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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
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UNIVERSITY COLLEGE CORK REFLECTIVE LEARNING LOG 2009/2010 CP2001 NURUL AZIRA SALIM DR.LARRIE MARTIN BRIDGE HOUSE SURGERY‚ CARRIGALINE Case 1 – Gastrointestinal System History On 3rd of December 2009‚ I went to the Bridge House Surgery ‚ Carrigaline for my Augmented Teaching Practice (ATP) attachment with Dr. Larrie Martin. This week focus was on the Gastrointestinal System. Thus‚ this is the history of Mrs L‚ a 53 years old lady who presented with an
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Audit of the Inventory and Warehousing Cycle Chapter 21 ©2008 Prentice Hall Business Publishing‚ Auditing 12/e‚ Arens/Beasley/Elder 21 - 1 Learning Objective 1 Describe the business functions and the related documents and records in the inventory and warehousing cycle. ©2008 Prentice Hall Business Publishing‚ Auditing 12/e‚ Arens/Beasley/Elder 21 - 2 Flow of Inventory and Costs Raw Materials Beginning Raw inventory materials used Purchases Ending inventory Direct Labor Actual
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Audit Process Typically an audit flows through a series of logical steps culminating in the ‘Audit Report’. Background Research Preparation of the Audit Plan Accounting Systems review Internal Control System review Substantive Testing Analytical review techniques Analytical review of financial statements Preparation and signing of the Audit Report Background Research 1. Present condition and future prospects for the industry 2. History‚ present and future prospects
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professional competence‚ confidentially and professional behavior to audit planning and audit process. To prepare of informative‚ accurate‚ and independent audit reports‚ the auditors of listed company are independent in order to protect the interests of investors. The independent auditor must have the professional qualifications with the education and audit experiences. They should be straightforward and honest in professional audit process and business relationship. They should be express the recommendation
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introduced a new concept called Integrated Marketing Communication (IMC). This concept has generated a great interest among academics and practioners‚ although research regarding its frequency and implementation is limited. IMC have been defined in numerous ways‚ all stressing the fact that IMC’s Task is to combine all corporate media and messages to project clarity‚ consistency‚ and maximum communication impact in its surroundings. Percy (1997) defines integrated marketing communications as “the
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Computer Integrated Manufacturing‚ known as CIM‚ is the phrase used to describe the complete automation of a manufacturing plant‚ with all processes functioning under computer control and digital information tying them together. CIM is an example of the implementation of information and communication technologies (ICTs) in manufacturing. This starts with computer aided design‚ followed by computer aided manufacture‚ followed by automated storage and distribution. One integrated computer system
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