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
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Wong & Associates 1 Garelli Wong & Associates‚ Inc. v. William Nichols BUS 340 Ethical and Legal Issues in Business Wong & Associates 2 Garelli Wong & Associates‚ Inc. I. According to the court document of Garelli Wong & Associates‚ Inc‚ v. William M. Nichols Judge Charles P. Kocoras‚ of the United States District Court in N.D. Illinois’ Eastern Division‚ the court granted Nichols’ motion regarding the §1030 (a)(5) claim (Leagle. 2008). This ruling occurred due
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Billy Fitzgerald 3-13-12 Keystone Pipeline The Keystone Pipeline is a system that transports oil from Canada into the U.S. The owner of this Pipeline is TransCanada‚ who proposed the idea back in October of 2005. However‚ the construction on the Pipeline didn’t go under way until 2008. It took TransCanada over two years to acquire all the necessary state and federal permits for the pipeline. The pipeline runs for over 2100 miles‚ through a number of states and provinces throughout the
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Part A - Acceptable Audit Risk and Engagement Risk Issues: External users’ reliance on financial statements: Pinnacle Manufacturing Company is a privately owned‚ however it relays on loans and has a substantial amount of debt. For that reason‚ the financial statements are extremely useful to investors. Pinnacle management is planning to sell their Machine – Tech division if profits don’t increase in the coming years. If Pinnacle sells‚ the financial statements will be extremely important
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Apple Inc.‚ 2008 Case Analysis 1. What were Apple’s competitive advantages? The PC (personal computer) industry is fairly competitive‚ making it important for a company like Apple Inc. to stand out among its rivals. Although all computers are not created equally and each model can have vast differences‚ it is sometimes difficult for the end user to differentiate between brands. One competitive advantage for Apple is that Macs are known to be different than all other
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1. What price should Jowers charge DayTraderJournal.com for the Atlantic Bundle? Atlantic Computers ahs been a major competitor in the server market for nearly 30 years. The products are considered top of the line‚ having high quality and reliability. Their brand equity is an important factor to the success of the bundle. Success of the new product launch is in the hands of the server and PESA being sold as a bundle. It is the perception of the consumer‚ however‚ that software tools are usually
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Profitel Inc. By Steven L. McShane‚ The University of Western Australia As a formerly government-owned telephone monopoly‚ Profitel enjoyed many decades of minimal competition. Even today as a publicly traded enterprise‚ the company’s almost exclusive control over telephone copper wiring across the country keeps its profit mar- gins above 40 percent. Competitors in telephone and DSL broadband continue to rely on Profitel’s wholesale business‚ which generates substantially more profit than similar
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Google Inc.—Earnings Announcements and Information Environment Teaching notes: This case considers how investors and financial analysts and business press writers use accounting information‚ particularly earnings. The case is designed to give students “hands on” experience with complementary sources of information about Google’s performance—the formal audited financial statements‚ an earnings press release‚ pro forma earnings disclosure‚ and comparative stock charts. Google is a prime example of
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Basel III: Issues and implications kpmg.com Contents 1. The background to a discussion on Basel III 2 2. What are the key outcomes? 3 3. A summary of qualitative impacts of the proposals 4 4. Quantitative impacts of the proposals 5 5. Basel III objectives and time lines 7 6. Summary of the major Basel III recommendations and implications 9 7. Remaining questions 12 8. Actions to consider 13 9. What does the transformation
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2318 Information System Audit Outline: 1) Introduction to IT audit‚ purpose Types of IT audits‚ history of IT audit‚ major events that have prompted the use of and been solved using IT audit techniques. IT Audit process outline; process and phases. Planning the audit‚ materiality‚ risk assessment. 2) Effective information system audit. Evaluation of controls‚ types and tests of controls. Audit sampling‚ sampling methods‚ sample evaluation. 3) Audit automation and system
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