1 Chapter 7: Audit Evidence I. Definition: Evidence – information used by the auditor to draw conclusions on the fair presentation of the financial statements. Audit objectives suggest the types of evidence to accumulate. II. Decisions on evidence accumulation A. Which audit procedures to use. General Objectives: Six TRAOs Eight BRAOs Four PDAOs Accounting Cycles: Five Management Assertions Specific Objectives: At least: Six TRAOs Eight BRAOs Four PDAOs Audit Procedures: At least one
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CHAPTER 20 Audit of Cash Balances Copyright 2003 Pearson Education Canada Inc. 20 - 1 What are the auditor’s primary concerns with regard to cash? Copyright 2003 Pearson Education Canada Inc. 20 - 2 What are the auditor’s primary concerns with regard to cash? - existence Copyright 2003 Pearson Education Canada Inc. 20 - 3 What are the auditor’s primary concerns with regard to cash? - existence - completeness Copyright 2003 Pearson Education Canada Inc
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CONTROLS IN AN EDP ENVIRONMENT The second standard of field work requires that we obtain a sufficient understanding of the client’s internal controls (I/C) to plan the audit and assess control risk. We hope that our assessment of control risk shows it to be low so that we can reduce substantive testing‚ thereby reducing audit costs. When EDP is used in significant accounting applications‚ then you must consider the effects the computer has when evaluating the internal controls. The auditor’s
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org/10.3846/bme.2011.16 ANALYSIS OF INTERNAL AUDIT FUNCTIONING IN POLAND – EMPIRICAL RESEARCH FINDINGS Edita Bielińska-Dusza Department of Strategic Analysis‚ Cracow University of Economics‚ ul. Rakowicka 16‚ 31-510 Kraków‚ Poland E-mail: edytadusza@gmail.com Received 18 November 2010; accepted 15 January 2011 Abstract. The purpose of the article was to present the research conducted in companies‚ concerning the functioning of internal audit in Poland. During the research‚ the author identified
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Introduction……………………………………………………..……...P.2 2) Identify Software Categories 1. Definition of System Software………………………………….P.3-4 2. Definition of Application Software………………………….….P.5 3. The difference between system software and application software………………………………………..P.6-7 3) Two examples of system software and the benefits 1. Microsoft Windows 7……………………………………………P.8-12 2. Mac OSX…………………………………………………………P.13-14 4) Two examples of application software and the benefits 1. Excel……………………………………………………………
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In my view‚ all the workplaces should have limited internet access as it affects the overall productivity of the company because of the lack of work-efficiency of every individual. There are two reasons in support of my opinion. Firstly‚ now days‚ Internet has a lot of entertainment than knowledge. And people are prone to watch more of entertainment shows than reading any useful information from websites which would enrich one’s knowledge. For instance‚ today’s internet has so many social networking
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Explanation of what a marketing audit is: The purpose of a marketing audit is to review and appraise existing marketing activities and to look at the way the marketing is planned and managed‚ giving the opportunity for a systematic examination of each element of the organisations current marketing activity and achievements‚ and to objectively evaluate the effectiveness of the organisations investment in marketing. The marketing audit assists in the evaluation of the whole marketing activity‚ and
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Chapter 10 Information Systems Development and Project Management Case Study: Dutch Railways System The railways system of The Netherlands‚ the Dutch railways‚ is one of the most heavily trafficked systems in the world. It manages 1.2 million passengers a day on 4‚800 scheduled trains from 371 stations around the country. Headquartered in Utrecht‚ the system employs 25‚000 persons‚ who manage 28‚000 coaches. The Dutch railways needed a new information system that would manage the information displays
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Flash Technologies‚ Inc Memo to the Planning File by Audit Manager – General Information 12/31/2008 General Background Information Emanuel “Manny” Schwimez‚ is the CEO and chairman of the board of Flash. Mr. Schwimez is originally from Tel Aviv. He has an impressive resume‚ including a master’s degree from the London School of Economics and many years of eexecutive-level experience. He has led several high technology companies in the U.S and abroad since the early 1970’s. In 1990 he became president
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architecture for the system and a general design for the processes that make up the system. Activities 1. Prepare the physical DFD based on the narrative provided in Exhibit 9.1. Make assumptions where necessary. Deliverable format and software to be used are according to your instructor’s specifications. Deliverables should be neatly packaged in a binder‚ separated with a tab divider labeled “Milestone 9” and accompanied with a Milestone Evaluation Sheet. References: Export
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