AUDIT EXPECTATIONS GAP Definition i) Liggio (1974a) defines it as the difference between the levels of expected performance as envisioned by the independent accountant and by the user of financial statements. The Cohen Commission (1978) on auditors’ responsibility extended this definition by considering whether a gap may exist between what the public expects or needs and what auditors can and should reasonably expect to accomplish. ii) According to Guy and Sullivan (1988)‚ there is a
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The wage gap is a statistical value commonly used as an indicator of the status of women’s earnings relative to those of men; this gap is calculated by dividing the median annual earnings for women by median annual earnings for men. According to the institute for Women’s policy Research‚ in 2015 it was recorded that female full-time workers earn about 80 cents for every dollar earned by men‚ indicating a gender wage gap of 20%. To understand the wage gap that exists today and what factors contribute
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expectation gap’ have never been more important. Though it would take an enormous amount of effort to address these issues‚ I will argue that tremendous amounts could be done in order to close the gap down. In this essay I will discuss some of these issues and in particular the strategies to reduce the gap. Definitions Various definitions have been proposed for the audit expectation gap. Humphrey‚ Moizer and Turley (1992)‚ suggest that the common element in the various definitions of the gap is that
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America for a very long time. Gender has been one of the main culprits that played a factor in the wage gap between men and women‚ but race may have a role as well. The wage gap is expressed as a percentage (e.g.‚ in 2013‚ women earned 78.3% as much as men aged 16 and over) and is calculated by dividing the median annual earnings for women by the median annual earnings for men. (“The Wage Gap”) In 1942‚ the National War Labor Board urged employers to voluntarily equalize wage and salary rates
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interest rate-sensitivity gap. As implied in the case‚ the methodology is to classify assets and liabilities in terms of the time to certain repricing events (maturity‚ adjustment upon a change in market rates‚ amortization of a portion of principal‚ expected prepayment of certain assets‚ and early withdrawal of liabilities before maturity). What factors would you cite to show weaknesses in the precision of the methodology for creating the interest rate-sensitivity gap report? Limitations in
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This article writes that the gender pay gap does‚ in fact‚ exist. Pearson stated that "life choices" are not enough to make a wage gap because not every woman leaves work to care for children. She mentions how many have to be pushed out due to not being able to afford childcare or not being able to find a full time job. Also that women do not have much of a “choice" but to stay at home due to workplace and outside forces telling them what the “right” thing is. The article also mentions how mothers
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Generation-X What is Generation-X .the post-baby-boomer’ generation. Generation-X is the word that stands for the children of the baby boomer generation in America. It has been coined as such because of the diversity and lack of homogeneity of this population‚ which stands in sharp contrast with the baby- boomer generation. X stands for the unknown‚ unpredictable variable. .the 52 million Americans born between 1965 and 1981. Technically‚ Generation X is classified as
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the world. This was the promise of a gap year. Having just come out the other side of my gap year I’ve begun to reflect on the year I experienced. For me‚ it involved spending a lot of my time working to save money for the future. I also travelled across Europe with a group of friends‚ visiting 12 different countries and experiencing cultures and ways of life that I had never dreamt of. So‚ for all those high school graduates who are planning to take a gap year‚ here is some advice I wish someone
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How Do You Know When the Price Is Right? Robert J. Dolan‚ HBR Pricing is managers’ biggest marketing headache. It’s where they feel the most pressure to perform and the least certain that they are doing a good job. The pressure is intensified because‚ for the most part‚ managers believe that they don’t have control over price: It is dictated by the market. Moreover‚ pricing is often seen as a difficult area in which to set objectives and measure results. Ask managers to define the
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The Gender Achievement Gap Rena Godfrey Capella University ED5540 Strategies for Eliminating the Achievement Gap Quarter & Year: Fall 2013 Email: godfreyrena@gmail.com Instructor: Marge Zuba‚ Ed.D. Gender Achievement Gap One of the most interesting and actively debated areas in educational research concerns the gender-based achievement gaps in math and science. Despite research efforts and statistical data backing up the notion that girls are falling
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