YORK UNIVERSITY FACULTY OF LIBERAL ARTS AND PROFESSIONAL STUDIES School of Administrative Studies PART B: AP/ADMS 4551 Auditing and Other Assurance Services Midterm Examination‚ February 21‚ 2010 9:30 a.m.-11:30 a.m. Part B will be distributed 70 minutes from the start of the exam. A YorkCard or acceptable photo identification is required as your identification for this examination. If you do not have identification documents‚ you will be required to personally bring these to your instructor
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International 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
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Chapter 5 18. a. They should use the resistance of meeting auditing standards and contributory neglegence. Stuart Supply Company management is responsible for the fraud. The fraud was complicated and difficult to discover‚ but the steps recommended by Lauren Yost & Co made it possible. The president of Stuart Supply Company ignored the proposal to count the inventory on the same day‚ and was therefore responsible to breakdown of detecting the fraud due to his decision. Luckily‚ Lauren Yost & Co
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Academic integrity stands for honesty in scientific work by properly giving credit where credit is due. It is a moral code that should prevent plagiarism or cheating. Ideas‚ thoughts or intellectual property of other authors must be identified. That is what direct and indirect citations are used for. A proper quote has to mention the origin or the source of the text excerpt. The common practice is to put the author’s last name and the date of the research in brackets next to the end of the text and
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Integrity refers to having high moral standards and this can apply to several aspects of a person’s life. This includes ones personal‚ professional and intellectual life. Although each of these aspects is separate‚ there are some interconnections in various instances in life. This article discusses the different types of integrity as well as an example that shows an interconnection between them. It also examines the significance of this interrelation between the different types of integrity. Personal
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Hoang Thi Thanh Ha – 13200154 Auditing Assignment 2: 1.What are the factors to consider Inherent Risk? Inherent risk is a measure of the auditor’s assessment of the likelihood that there are material misstatements in a segment before considering the effectiveness of internal control. Factors affecting assessment of inherent risk include: Nature of the client’s business : Industry practices Non-routine transactions Makeup of the population Audit experience : Results of previous audits Initial vs
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With the incredible technological innovations that have boomed over the past decade comes the extraordinary amount of information available to students today. Although educators question the reasons students decide to cheat‚ it is impossible to decide what causes the act of academic dishonesty. Academic dishonesty refers to forms of plagiarism‚ cheating‚ fabrication‚ collusion‚ and unauthorized possession of academic materials. In other words‚ academic dishonesty refers to stealing someone else’s
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The video title “What is so Important Academic Integrity”‚ has an objective to reveal the meaning of this group of ethics. Let’s caption that Academic Integrity is a group of moral code or norms to follow to have an honesty‚ equity‚ and responsible environment. At the annual Academic Integrity Conference‚ participants were interviewed about what Academic Integrity was‚ and there were few issues about the content of the video at the end at the same time positive points on it. First‚ as the name of
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References: Gray‚ I and Mason‚ S (2008)‚ The Audit Process: Principles‚ Practice and Cases‚ (4th ed.)‚ London: Thomson Learning Ch 1 Millichamp & Taylor (2008) Auditing Thomson Learning; 9th Revised edition Ch 4 and Ch 13 - 15 Whittington‚ R and Pany‚ K (2009) Principles of Auditing and Other Assurance Services‚ London: McGraw-Hill Ch 6
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True/False Questions 1. Fraud is defined as failure to use reasonable care in the performance of services. Answer: False Difficulty: Easy 2. Most of the burden of affirmative proof is on the defendant under common law. Answer: False Difficulty: Medium 3. The Ultramares v. Touche case held that auditors could be held liable to any foreseen third party for ordinary negligence. Answer: False Difficulty: Medium 4. The Securities
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