Tutorial 3 – Ch 9 Malaysia edition 9-26 a. The direct projection of error = (misstatements/amount) sampled x population value. ($10‚000/$1‚000‚000) x $2‚500‚000 = $25‚000 b. No‚ the overall financial statements are not acceptable. Including the projected error for inventory‚ the total overstatement errors are $58‚000‚ which exceeds materiality of $50‚000. c. The auditor should either propose an audit adjustment so that the unadjusted statement amount is less than materiality‚ and/or
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Windows server 2008 comes in different versions for the different users‚ not all users need all the same features. The versions are web edition‚ standard edition‚ enterprise edition‚ and datacenter edition. The significance of them are WE 1 OS Is permitted‚ 32-bit 4GB 64-bit 32GB‚ maximum number of CPUs 4. SE hyper-V included‚ plus 1 virtual instance‚ terminal server ‚network access protection‚ and CALs. EE plus 4 virtual instance‚ 32-bit 32GB 64-bit 2TB‚ CPUs 8‚ cluster service yes 16 nodes per
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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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Nicole Braun Robert Wilson English 110 – 8:00 September 30‚ 2013 5th Grade Back in the 5th grade my friends and I played basketball. One night we had another basketball game but it was a couple hours after school was out. So the girls in my class that played and the boys that stayed after school to watch our game were all bored with nothing to do. For a while we walked around town played in the park‚ got some food from the gas station‚ and did whatever else we could find amusing at the time
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Terms Consensus ad idem – Pacta sunt servanda Usry Adhesion contract Exculpatory clause Oral contract Proper form Void contract Voidable contract Equally at fault Locus sigili Mutual agreement Legality of purpose Competent party Consideration Divisible contract Executed contract Entire/Individible contract Executory contract Express contract Implied contract Formal contract Essay questions – subject‚ verb‚ agreement Discuss and explain – rescission‚ novation‚ silent fraud doctrine –
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1. A 1.08 x 103 kg car uniformly accelerates for 12.0s from rest. During this time the car travels 132 m north. What is the net force acting on the car during this acceleration 2. A net force of 12 N is exerted on and to cause it to accelerate at a rate of 0.03 m/s2. Determine the mass of the encyclopedia. HYPERLINK http//fc.codmanacademy.org/branches/physicsofdriving2/pushingbuses.jpg INCLUDEPICTURE http//fc.codmanacademy.org/branches/physicsofdriving2/images/pagemaster/pushingbuses
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The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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Q1 - What is the relationship between the risk assessment process and the collection of audit evidence? The risk assessment process happens at the very beginning of the engagement and is to determine the level of risk present in the company. The risk assessment phase is when the auditor assess the client’s situation‚ conducts an independence threat analysis and decides whether to accept the client or not. The risk assessment is influenced by various factors such as the degree to which external
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456 Chapter Eleven Appendix 11B Illustrative Audit Case: Keystone Computers & Networks‚ Inc. Part III: Substantive Tests—Accounts Receivable and Revenue This part of the audit case illustrates the manner in which the auditors design substantive tests of balances. The substantive tests are illustrated for two accounts—receivables and revenue. This aspect of the audit is illustrated with the following audit documentation: • ABC’s risk assessment working paper that combines the auditors’ assessments
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MASTER OF SCIENCE IN INTEGRATED MARKETING ------------------------------------------------- New York University ------------------------------------------------- School of Continuing and Professional Studies SYLLABUS INTEGRATED MARKETING Master of Science in Integrated Marketing Program INTG1-GC 1000.001 Spring 2013 3 credits Professor: Paul Kulavis E-mail: ppk3@nyu.edu Office hours: By appointment Course schedule: Monday January 28‚ – May 13‚ 2013 (No classes
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