telecommunications employment shifts towards wireless. Monthly Labor Review‚ 129 (7)‚ p. 27-33. Retrieved from www.proquest.com Crawford‚ K Economides‚ N. (2005). Telecommunications industry: an introduction. Leonard N. Stern School of Business Working Papers‚ p. 48 - 76. Retrieved from http://www.stern.nyu.edu/networks/Telecommunications_Regulation.pdf Hevesi‚ A Mecoy‚ D. (2003‚ Sep 14). Cost of WorldCom fraud for Oklahoma investors still unknown. Knight Ridder Tribune Business News. Retrieved from www
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may exist between the company preparing the statements and the persons using the statements. (3) A misstatement of account balances may exist and is generally corrected as the result of the independent auditor’s work. (4) Poorly designed internal controls may be in existence. b. An independent audit aids in the communication of economic data because the audit (1) confirms the accuracy of management’s financial representations. (2) lends credibility to the financial statements. (3) guarantees
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CHAPTER ONE: Accounting Information Systems and the Accountant DISCUSSION QUESTIONS: 3. Advances in IT are likely to have a continuing impact on financial accounting. What are some changes you think will occur in the way financial information is gathered‚ processed‚ and communicated as a result of increasingly sophisticated IT? Advances in IT that allow transactions to be captured immediately‚ accountants and even the AIS itself can produce financial statements almost in real-time. Interactive data
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the Sarbanes-Oxley Act. The main purpose of the Sarbanes-Oxley Act of 2002 was to improve the public trust and confidence in financial reporting provided by public companies and increase in the transparency of their reports (Jennings‚ 2012). This paper will investigate the issues covered by SOX‚ additional costs due to the establishment of Sarbanes- Oxley Act and its policies‚ and finally list of government practices that could be effective in examining‚ auditing‚ and holding accountable public companies
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contribute to the Enron disaster? Arthur Andersen contributed to the Enron disaster by failing to have Enron establish and enforce internal controls. Also by destroying Enron audit papers which covered deficiencies contributed to the Enron disaster. The formal charges and jail sentence were a result of the obstruction of justice caused by the destruction of the audit papers. 3. What was the prime motivation behind the decisions of Arthur Andersen’s audit partners on the Enron‚ Worldcom‚ Waste Management
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lender or investor. To obtain funding‚ you need to convince a lender / investor that your business is more than a hobby. You need to demonstrate that you have a firm grasp of your business‚ the accounting practices that impact your business‚ the controls needed to safeguard assets‚ and which accounting system will produce accurate and relevant financial information. Write a six to eight (6-8) page business plan in which you: 1. Describe the type of business you have created including: a. The product
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Introduction Independence is a fundamental to the reliability of auditors’ reports. It is an attitude of mind characterized by integrity and an objective approach to professional works. A professional auditor should work both independent and seen to be so. Nowadays‚ but‚ the trend of providing non-audit services to audit clients seem to be sweeping accounting firms all over the world; impacts of independence impairment caused by this trend should not be ignored. The Meaning of Independence The
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way auditing is done today‚ but is it worth it? To the investors and creditors that rely on accurate financial information‚ SOX is worth it‚ but what about the corporations picking up the bill to stay in compliance of the new regulations. In this paper‚ I am going to look at what Sarbanes-Oxley Act of 2002 is‚ how it affects corporations‚ and auditing. I will also compare and contrast the benefits and costs of SOX and come to an opinion of whether SOX should continue as it is or if it should be stricter
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of the publisher. For permission to use material from this text or product‚ submit a request online at http://www.thomsonrights.com. Art Director: Linda Helcher Internal Designers: C Miller Design Cover Designer: Stratton Design Cover Image: Purestock Media Bakery Printer: Edwards Brothers Ann Arbor‚ MI Library of Congress Control Number: 2007923689 For more information about our products‚
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INTERNAL CONTROLS AND INVENTORY MANAGEMENT CASE STUDY OF ROOFINGS LIMITED BY NABAYINDA MARY 08/U/23669/EXT SUPERVISOR Mr. NZIBONERA ERIC A RESEARCH REPORT SUBMITTED TO COLLEGE OF BUSINESS AND MANAGEMENT SCIENCES IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF BACHELOR OF COMMERCE OF MAKERERE UNIVERSITY AUGUST‚ 2012 DECLARATION I‚ Nabayinda Mary‚ declare that this report is entirely out of my own effort and has not been presented anywhere for any
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