AC 4342 Auditing Introduction to assurance and financial statement auditing Discussion Question: Messier Q1-13‚ 14 1 References HKICPA Members’ Handbook Amended Preface to the Hong Kong Quality Control‚ Auditing‚ Review‚ Other Assurance‚ and Related Services Pronouncements Hong Kong Framework for Assurance Engagements Reference Messier: Ch 1 2 CILOs and TLAs CILOs 1 Describe the auditing profession‚ the regulatory‚ legal and reporting framework of auditing. Recognize the basic
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My opinion on three most important non-electronic products that were ever invented is glasses‚ book‚ and bicycle. The reason I think glasses was my first opinion product ever invented. Is glasses‚ also known as eyeglasses or spectacles‚ are frames bearing lenses worn in front of the eyes. They are normally used for vision correction or eye protection. Safety glasses are a kind of eye protection against flying debris or against visible and near visible light or radiation. Sunglasses allow better
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• First‚ let us group the industries – several groups with broadly similar attributes : • Financial Industry o Commercial Banking Identify the Industry • Retail Industry o Retail Grocery Store • High-technology industries o Computer Software o Pharmaceutical Preparations o Semiconductor Manufacturer • Service Industry • • • • • IT Service Provider Mobile phone service provider Commercial airline Integrated Oil and Gas Liquor producer and distributor • Capital
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evaluate the effectiveness of accounting system‚ business methods for detection for fraud and planning and conduct of an audit process as well as purpose and content of a statutory audit report of Tesco Supermarket. Past failures in the process of auditing financial
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Therefore 1 has the attributes of Retail industry. C. High Technology High R&D There are three companies which has high R&D expenditures. They are 7‚ 8‚ 6. Computer software (8) Software developments need spend much more expenditures on research and development. They require less raw materials and inventories. So 8 should be Computer software. Pharmaceutical preparations (6) Pharmaceutical preparations need intangible assets such as brand recognition and good will. 6 has a higher intangibles
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1. An audit charter should: A. be dynamic and change often to coincide with the changing nature of technology and the audit profession. B. clearly state audit objectives for‚ and the delegation of‚ authority to the maintenance and review of internal controls. C. document the audit procedures designed to achieve the planned audit objectives. D. Outline the overall authority‚ scope and responsibilities of the audit function. Answer:_____D______________________ 2. Which of the following
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Accounting – Chapter 1 1. Explain why an individual investor might want to invest in an international growth fund. An individual investor might want to invest in an international growth fund if they are seeking to become more diversified. During times when the US stock market is poorly performing‚ it is likely that its foreign counterparts will be doing well because the two markets often have an inverse relationship. An investor might also want to invest in an international growth fund if these
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In his most revered work Self-Reliance‚ Ralph Waldo Emerson once said “Society everywhere is in conspiracy against the manhood of every one of its members.” In this essay Emerson falls prey to countless ideal fantasies‚ most notably of which is the illusion that one can exist without society. What Emerson fails to mention is that individuals are molded by society‚ which means that we are not determined by society‚ but we are influenced by its product. Furthermore‚ we need society; man alone in nature
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Lauren Garneau Ms. Plackowski APLC October 6‚ 2014 Argument Analysis: Self-Reliance The general argument made by Ralph Waldo Emerson in his work Self-Reliance is that one should have the ability to think for oneself. A man must be able to depend on himself to make reasonable choices throughout their life. More specifically‚ Emerson argues that there is a distinct point when an individual must accept a unique path that has been established. Emerson focuses on how life has a predetermined direction
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the topic “A SURVEY ON MARKET POTENTIAL OF BROAD BAND INTERNET SERVICES IN BANGALORE WITH SPECIAL REFERENCE TO RELIANCE BROADBAND” I will be grateful if you could spend a few minutes to fill this questionnaire Name : Age : E-mail ID : 1. What is the name of the present internet service provider? Airtel Reliance Tata BSNL
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