Assignment 1 Name: Leung Hiu Ting Student no.10348622 Course : Auditing a. Outline the main reasons for a company requiring an external audit. Nowadays‚ a lot of company’s ownership and management is separated. It had major influences for auditing. Shareholders were concerned that their funds may not be used in proper ways to maximize the value of the company by appointed managers. For example‚ management may distort or withhold material information in their financial statements for personal
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24 year old Mark Harris‚ not a very troubled young man. His mother died from cancer when he was four‚ and his father‚ Rick Harris‚ raised him and his older sister‚ Amanda Harris‚ until they each turned 18 and moved out. Since his mother’s death‚ he wore a beautiful gold and emerald necklace she said grants good luck to the barer. Today‚ Rick works for a team of undiscovered immigrants who he meets once a week at a dock in Florida to go to an oil rig out on the Atlantic ocean to collect the oil
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1. What led Harris-Moore to embark on a crime spree? I don’t believe that there is any singular reason why Harris-Moore entered into a life of criminal activity‚ but rather that there were many contributing factors. Arguably‚ Harris-Moore started engaging in crime without even considering it to be criminal activity. As the article identifies‚ he grew up in a survivalist lifestyle‚ satisfying basic human needs for food and supplies by stealing them from homes and businesses. If he was raised
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balances are appropriately disclosed. Therefore of the 5 assertions and audit objectives listed above the 3 assertions applicable to direct test of cash balances are Existence‚ Completeness and Valuation. b) List 4 audit procedures to use in auditing cash. (4 marks) SOLUTION: Because of the large volume of transactions and the small account balance‚ the audit strategy is invariably to concentrate on verifying the account balance rather than the transactions. Moreover‚ because of the significance
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Chapter 1 Auditing and Internal Control Review Questions 1. What is the purpose of an IT audit? Response: The purpose of an IT audit is to provide an independent assessment of some technology- or systems-related object‚ such as proper IT implementation‚ or controls over computer resources. Because most modern accounting information systems use IT‚ IT plays a significant role in a financial (external audit)‚ where the purpose is to determine the fairness and accuracy of the financial statements
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5-52 Trend analysis‚ common-size financial statements‚ and ratios are presented for the Brody Corporation in Figure 5.4. Assume that you are auditing Brody ’s financial statements for the year ended 12/31/X8. You have performed tests of controls over the recording of gross sales and believe that the system is operating effectively and that 7 percent represents an accurate estimate of the increase in gross sales for 20X8 over the amount for 20X7. You should also assume that the financial statements
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A BUSINESS RISK APPROACH Auditing 6e Larry E. Rittenberg University of Wisconsin–Madison Bradley J. Schwieger St. Cloud State University Karla M. Johnstone University of Wisconsin–Madison Australia • Brazil • Canada • Mexico • Singapore • Spain • United Kingdom • United States Auditing: A Business Risk Approach‚ 6e Larry E. Rittenberg‚ Bradley J. Schwieger‚ Karla M. Johnstone VP/Editorial Director: Jack W. Calhoun Publisher: Rob Dewey Acquisitions Editor: Matthew Filimonov
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The health belief model (HBM) offers an excellent strategy to address the case of Harris described in the case study. This is because according to DiClemente‚ Salazar & Crosby (2013)‚ the health belief model is simple‚ logical‚ and well-articulated. In applying this model to the case of Harris; who started smoking at the age of 14‚ has been smoking for about seven years‚ appears to be becoming addictive‚ and is becoming aware of the dangers of smoking because he is developing some health issues‚
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Anthropology NAME: Satyam Bharadwaj (810581584) “Life Without Chiefs” Marvin Harris Homework #5 due Tuesday‚ Oct. 9‚ 2012 10 pts 1. D According to Marvin Harris in “Life Without Chiefs‚” hunter/gatherers had a. no formal leaders b. headmen c. leaders who were respected by the people‚ but had no authority to command d. all of the above 2. C According to Harris‚ leaders called “big men” appear in societies whose economies are characterized by a. delayed
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by Joseph Harris. The book was published by Utah State University Press on July 15‚2006. Joseph Harris composed this book to help undergraduate students break free from the same basic structure of introducing the topic‚ thesis statement‚ and supporting details that connect with the three- point thesis. Harris wants college students to think of academic writing as a flexible and enjoyable activity‚ and he offers students a comprehendible set of strategies; called moves. Joseph Harris‚ informs students
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