the circumstances and opinion expressed by an auditor‚ where he is unable to obtain sufficient audit evidence. 2. Auditors of M/s Santa Banta (P) Ltd. were changed for the accounting year 2010-11. However there was no change in the position of closing stock which remained at ` 400 lacs . The auditors of the company propose to exclude the audit of closing stock of ` 400 lacs from their audit programme on the understanding that it pertains to the preceding year which was audited by another
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In the case of Goodner Brothers‚ Inc. ‚ the six key control weakness were no proper segregation of duties‚ no proper procedure on recording documents‚ lacking monitoring on performance review‚ low gross profit margin than benchmark‚ no control on accessing to the accounting system and inventory storage and too depends on the honesty of the employees. Woody Robinson know very well that the company have these weaknesses that give him the chances to enter the hole to start the fraud activities. Firstly
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existing network architecture of the hospital: Patton-Fuller utilizes a “high-end Local Area Network (LAN) (based on 1000Base-T using CAT 6 cable) that links all of its Systems Applications and Products (SAP) and terminals to workstations over a small geographic area. Duvv Enterprises will also touch basis with the implementation of a complete WLAN networking environment that calls also for the installation of Voice-Over-Internet-Protocol (VOIP)‚ and the design of a high-speed Wide Area Network (WAN)
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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. 20
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Career Choice: Network and Computer Systems Administrator Business and Writing for the IT Professional July 26‚ 2009 Abstract A network and systems administrator is responsible for network security‚ installing new applications‚ implementing software updates‚ monitoring the integrity of the system‚ developing management programs‚ and performing routine backups. As has been noted throughout my research‚ there has been a decline in technology majors throughout the past couple of years‚ thus
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a going concern audit issue. Participants in Experiment One involve 92 auditor from multiple offices of three Big 4 audit firm which is 48 seniors‚ 29 managers and 15 senior managers. The range of audit experience are 3 to 13 years with a mean experience of 5.4 years. Overall‚ 80 percent of participants reported being involved in audit engagements where substantial doubt existed about the client’s going concern aassumption. While two-thirds of participants shown at least one audit engagement where
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Case Study – ZZZ Best‚ Inc. 1. Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for three months ended July 31‚ 1986. How does a review differ from an audit particularly in terms of the level of assurance implied by auditor’s report? A quarterly review report is issued by a CPA and reviewed by an auditor to provide assurance that the financial statements are fair and follow the GAAP standards. Quarterly
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Network security Security has moved to the forefront of network management and implementation. The overall security challenge is to find a balance between two important requirements: the need to open networks to support evolving business opportunities‚ and the need to protect private‚ personal‚ and strategic business information. The application of an effective security policy is the most important step that an organization can take to protect its network. It provides guidelines about the activities
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CIVIL ENGINEERING Term Project: Systems Analysis of a Large-Scale Facility Spring 2014 The CEE 3000 term project requires you to examine and conduct a system analysis of a large- scale civil-engineered facility to assess the sustainability of the facility using the Sustainability Engineering (SE) framework presented in the course. The purpose of the system analysis will be to assess how sustainable or unsustainable the facility is and what actions can be taken to improve it. The project will
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CCM 4300 Lecture Computer Networks‚ Wireless and Mobile Communication Systems SAMPLE EXAM QUESTIONS Dr P. Shah 1 Show that‚ according to the Shannon-Hartley law‚ if the signal power (S) is equal to the noise power (N)‚ the channel capacity (C) in b/s is equal to the bandwidth B Hz. (6 marks) C= B log2 (1+S/N) If S=N C=B log2 (1+1) C=B log2 (1+1) C= B log2 (2) C=B 2 What are the purposes of the following GSM networks? VLR HLR MSC (home and visited) (6 marks) VLR: it is a database maintained
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