Question: Define audit and accounting risk‚ give 3 specific example of each type of risk and explain why they are called audit and accounting risk. * Accounting risk is the risk that errors associated with forecasts used in GAAP accounting estimates are not properly disclosed. Accounting risk is primarily the responsibility of accounting standards. It is dealt with only indirectly in accounting standards. For example: * Bad debts on loans had an historic rate of 1% of outstanding loans
Premium Auditing Audit Internal control
Audit Planning Name: Course: Tutor: Date: Audit Planning Introduction Auditing is a vital activity‚ in every business activity. The International Auditing and Assurance Standards Board (IAASB) is the overall organization that sets international standards for assurance‚ auditing and other related fields‚ globally. The organization ensures that there is the harmonization of all international and national auditing and assurance standards to enhance uniformity‚ in accounting
Premium Auditing Audit Internal control
GENERATION GAP IN THE WORKPLACE BETWEEN BABY BOOMERS AND GENERATION X by Wipanut Venique Govitvatana A Research Paper Submitted in Partial Fulfillment of the Requirements for the Master of Science Degree in Training and Development Approved for Completion of 4 Semester Credits TRHRD-735 Field Problem in Training and Development ____________________________ Dr. Joseph A. Benkowski Research Advisor The Graduate College University of Wisconsin-Stout August‚ 2001 I The Graduate School
Premium Demographics Cultural generations Generation Y
Major ethical issues: • Gap Inc. is a multinational casual apparel chain retail store with “3000 supplier in 50 different countries”. The manufacturing environment‚ human right treatment and labour policy vary substantially among suppliers from substandard to appalling. • Gap Inc.’s customer were deceived to assume the products were “Made in USA”‚ under United States labour standards and human right policies; whilst‚ manufacturing factories were located in Saipan –a U.S. protectorate in Southeast
Premium Human rights Law Universal Declaration of Human Rights
Gender Gaps in Education Not too long ago there have been rising signs of important changes in gender differences on individuals’ experiences in the education system. Even though the results for both genders have improved over the years‚ the girls’ improvement rate has been faster than the boys and an important‚ big gap has opened up. A national survey found that girls scored higher in all tests. The results were that sixty-two percent of girls were able to focus on their work without supervision
Free School Education Gender
year alone. These students may consider taking a gap year. A gap year (otherwise known as a deferred year or year off) is a period of time in which students take a break from formal education in order to travel‚ volunteer‚ study‚ intern‚ work‚ perform research‚ or any combination of these activities. A gap year can be immensely beneficial to students to gain a sense of identity‚ improve their education‚ and help strengthen their career choice. With a gap year students are able to gain independence‚
Premium Marriage Life Family
internal auditing (also known as “management auditing”). You consider the definition‚ development‚ and scope of internal auditing. You also consider the business environment and identify and analyze its accompanying risks. The various types of internal audits and the relationship between internal auditing and performance measurement are explained. Finally‚ you study the role of professional ethical standards in internal auditing and review case analysis‚ a technique used frequently throughout this course
Premium Auditing Internal audit Audit
How to Conduct Tax Audit – Part 1 Analysis of Certain Clauses Audit under Section 44AB of the Income Tax Act By Raman Jokhakar‚ Chartered Accountant Objective To understand the purposes of this Form To learn nuances of the clauses To understand audit risk To effectively carry out attestation To document adequately To disclose standard notes‚ limitations and stands To know inter links between clauses To be aware of important stands taken by Courts To understand the objective of the
Premium Audit Indirect tax Value added tax
This report is made based on the topic “Knowledge Gap between Generations Based on Media Exposure.” What is knowledge gap? It was first introduced by 3 researchers of University of Minnesota that is Phillip J. Tichenor‚ Associate Professor of Journalism and Mass Communication‚ George A. Donohue‚ Professor of Sociology and Clarice‚ and N. Olien‚ Instructor in Sociology in 1970. Based on the title of the research‚ it can be defined as the gap of the information obtained by exposed media for the
Premium Advertising Mass media
The pay gap affects women from all backgrounds‚ at all ages‚ and of all levels of education. In the U.S.‚ the gap stands at 64%‚ which means that women earn about two-thirds of what men make for similar work. That’s actually worse than last year‚ when gap was 66%. “The U.S. now ranks 74th in wage equality among 145 countries.” Well according to World Economic Forum‚ in the year 2133 women’s earning will finally match their male coworkers. The World Economic Forum believes it will take another 118
Premium Gender Woman Gender role