misconception that auditors’ duties are largely the preventing‚ detecting and reporting of fraud‚ for example‚ Idris (2009). The aim of this paper is to identify financial report users’ perceptions of the extent of fraud in Nigeria‚ and to determine their perceptions of the auditor’s responsibilities in detecting fraud and the performance of related audit procedures. The paper also
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3 4 Introduction and Assessment Outcomes and Criteria Internal Controls and Fraud Finding weaknesses and making recommendations Report Plan Deadlines Report Guide Business English Other requirements page 3 6 9 12 5 6 7 8 9 15 21 23 33 34 1 Introduction and Assessment What is ICAS? The Internal Control and Accounting Systems (ICAS) unit requires students to write a 3500-4000 word report to show their knowledge of internal controls within a business and evaluating accounting systems. This
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complying with the Sarbanes-Oxley (SOX) Section 404(b). The Section 404(b) would have required these smaller companies to do what larger companies over the $75 million market cap are currently doing; requiring an external auditor to audit their internal controls over financial reporting. However‚ what may seem like a huge win for the smaller companies who long have complained about the cost out weighing the benefits of complying with the standard‚ does not appear that way to everyone. INTRODUCTION
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owners on the importance of sound internal controls. Facilitating management’s conclusion on the effectiveness of the design and operations of internal controls within their respective areas Perform process documentation and tests of controls which will be used to support management’s overall evaluation Consolidating results to CEO and CFO for their final conclusion. Educating management and process owners on the importance of sound internal controls. Facilitating management’s conclusion
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the subsequent employment of Internal Auditing graduates. In the light of this background‚ the FEU-Internal Auditing Students has launched a research project to fill the gap by examining the activities‚ outcomes and employability of the graduates. This report presents the outcomes of the study on Internal Auditing graduates employment. The study‚ following a mixed methods design‚ involved a survey of Bachelor of Science in Business Administration major in Internal Auditing graduates of 2010-13
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1313141617 | 7.0 | The Significance of Audit in Business | 18 | 8.0 | Qualification for being an Auditor in Bangladesh 8.1 Major Auditing Firms | 1819 | 9.0 | Modern Concept of Auditing | 19 | 10.0 | Role in Internal Control | 20 | 11.0 | Auditor as an Economic Guard Against Fraud 11.1 Economic Consequences 11.2 Ethical Consequences | 212122 | 12.0 | Conclusion | 23 | 13.0 | References | 24 | 1.0 Executive Summary The report is on
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IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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cannot be finished without your supports. THANKS FOR EVERYONE ii FRAUD AND RESPONSIBILITIES OF AUDITOR IN DETECTING AND PREVENTING OF FRAUD BY NGUYEN THI HIEN OCTOBER 2011 Supervisor: NGUYEN HONG QUAN ABSTRACT The purpose of this paper is to discuss about the fraud and the responsibilities of auditor in detecting and preventing of fraud. Fraud can be considered as most concerning problem of the business. Because of this have more effect to all most of companies in the world. However
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|Review Checkpoints |Simulations | | |1 |45 | |1. Name the various practice standards for internal‚ governmental‚ | | | |and independent auditors and auditing firms‚ and identify their | | | |sources.
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Wally’s Billboard & Sign Supply Questions 4‚ 5‚ 6‚ 7‚ & 8 (4) 1. Obtain cutoff bank statements – Cutoff and Completeness (AU-C 315.A114 a ii & IV) 2. Obtain copies of client’s bank reconciliations. a. Test the mathematical accuracy of every bank reconciliation – Accuracy (AU-C 315.A114 a-iii) b. Trace the line item “Balance per Bank Statement” – Accuracy and Existence (AU-C 315.A114 a-iii‚ b-i) c. Trace the check number and amount of outstanding items – Occurrence
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