2nd year‚ it does not allow sufficient time for auditor to detect material misstatement. This is due to lack of experience in understanding of the company? Repeat engagement over the years to come would reduce inherent risk Thus‚ the 2nd year of audit would increase inherent risk. b)The bank requires that a/ the company’s interest coverage ratio should be above 9‚ in order to provide loans to the client. From the extract of the audit client’s financial data in 2012‚ the interest coverage ratio
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ACC 521-011 Example of Auditing Final Exam INSTRUCTIONS: 1. This exam consists of 6 questions‚ on 11 pages. Please answer questions #1. to #5. in the separate EXAM ANSWER BOOK‚ and answer Question #6 - Multiple Choice with explanations - in this book. 2. The time available is 3.0 hours. 3. The exam is worth 50% of your overall course grade. 4. Write your name & student number on the front of the test. 5. This is a closed book test. The only aid that may be used one of the calculator
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appropriate headings. Question # 2 Artistic Solutions‚ a painting company‚ has determined that for every 160 square feet of wall space‚ one gallon of paint and three hours of labor are required. The company charges $28.00 per hour for labor. Design a modular program that allows the user to enter the number of rooms that are to be painted‚ the approximate square feet of wall space in each room (it may differ from room to room)‚ and the price of the paint per gallon. It should then create
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Ethical Dilemmas for Auditors Discussion Paper May 2006 1 The Institute of Certified Public Accountants in Ireland Ethical Dilemmas for Auditors Dilemma One – Non-Audit Services 3 Dilemma Two – Fee Levels 6 Dilemma Three – Ethics Partner 7 Dilemma Four – Long Association with the Audit Client 8 Dilemma Five – Commencement in Practice 9 Dilemma Six – Financial Interest in a Client 10 Dilemma Seven – Business relations with audit clients 11 Dilemma
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Auditing Chapter 3 Homework 3-27 a. These are the items that should be included in the auditor’s report: 1. Normal receivable confirmation procedures‚ although not used‚ should not be listed here since it was not material‚ and the auditor was able to gain a satisfactory opinion from the client’s use of them. 2. The change in the accounting method for long-term construction doesn’t need to be included here since it is discussed in the footnotes. 3. Lawsuits are normally included
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[pic] ACCTG 312 SC 2012: Assignment 1 Current issues – scandals in auditing Introduction • For this assignment‚ you are required to research and report back on one of four well known scandals that involve auditors in some way. • It can be commenced after week 1 lectures are completed‚ so gives you a chance to get part of your semester’s work done early. It is due in week 3 (Thursday at 4 pm). • You will also be required to very briefly report to your tutorial group on one interesting
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Oh My Aching Feet In John King Fairbank’s short story‚ “Footbinding‚” Chinese parents choose to bind their daughters’ feet so they could have a better chance for a good marriage arrangement and success in life. A Chinese custom in practice for decades‚ “Footbinding spread as a mark of gentility and upper-class status” and as a way “[…] to preserve female chastity” (Fairbank 403). At a very young age‚ parents tightly wrap their daughters’ feet with cloth to prevent growth and change the shape in
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Ensayo sobre Happy Feet ¿Se ha sentido usted marginado de un grupo simplemente por actuar distinto a todos los demás integrantes y pesar de eso se siente feliz porque hace lo que realmente le gusta? Desde que Mumble‚ el protagonista de la película Happy Feet‚ rompe su cascarón y mueve rítmicamente sus pies‚ se muestra diferente al resto de la colonia de los pingüinos emperador en el medio de la Antártica. En un comienzo parece que será muy fácil cambiar su peculiar forma de expresarse‚ gracias
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Happiness walks on busy feet Honorable chief guest‚ ladies and gentleman‚ today I would like to express my views on the given topic‚ that is‚ Happiness walks on the busy feet. We have a very famous saying “A free man`s mind is a devil`s workshop” We have often seen that those who sit idle‚ develop a very negative attitude towards different matters of life and those who remain busy in there work‚ never complain against anything. They are always very optimistic. They do unrelenting hard
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ibility-survey-2008.pdf Metcash Limited Moir‚ L. (2001). What do we mean by Corporate Social Responsibility? Corporate Governance: The International Journal of Effective Board Performance‚ 16-22. Moroney‚ R.‚ Campbell‚ F.‚ & Hamilton‚ J. (2011). Auditing A Practical Approach. Milton: John Wiley & Sons Australia‚ Ltd. Myer Holdings Limited. (2011). 2011 Annual Report. Retrieved from http://media.corporate-ir.net/media_files/IROL/23/231681/Myer_Holdings_Limited_2011_Annual_Report_to_Shareholders.pdf
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