construction of the Keystone pipeline. The first factor to take into consideration is that the construction of the Keystone pipeline will create an opening of 42‚100 jobs during construction and 50 permanent jobs. It will also contribute to keeping oil refinery jobs. Many environmentalists however tend to oppose this statement by arguing that more jobs will be created when using renewable energy instead‚ such as solar power. Another argument that tends to go against the Keystone pipeline is that it
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Keystone species are extremely important in ecosystems across the world. They help control things like population‚ abiotic and biotic life‚ and impacts on human life. Keystone species essentially control the functions of the environment they live in‚ and provide positive and negative effects. In class‚ we studied the effect that wolves had on the environment of Yellowstone National Park. Now‚ I introduce Grizzly Bears and Beavers as my two examples of a Keystone Species. Beavers completely change
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Internal Audit Plan of CoolBlog Dessert Sdn. Bhd. 1.0 Business Profile 1.1 Background CoolBlog is an international brand that specializes in desserts and beverages in a take-away kiosk concept. They are first launched in Singapore in 2005 and expanding their business in Malaysia by introducing dessert and beverages with 25 flavours and 300 products range. There are more than 230 outlets opening in various places including Muadzam Shah‚ Pahang which is opening in 2012 and located at MM198-206
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Week 3 assignment – Assertions and Audit evidence ACC 490 September 17‚ 2012 5-30 | (Assertions) In planning the audit of a client’s financial statements‚ an auditor identified the following issues that need audit attention. | 1. The allowance for doubtful accounts is fairly presented in amount. * Valuation or allocation assertion 2. All accounts payable owed as of the balance sheet date are included in the financial statements. * Existence or occurrence assertion
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Global Perspectives on Accounting Education Volume 5‚ 2008‚ 1-16 ESTABLISHING AN INTERNAL AUDIT DEPARTMENT: THE CASE OF THE SCHWAN FOOD COMPANY Hugh Pforsich College of Business Administration California State University - Sacramento Sacramento‚ California USA Bonita K. Peterson Kramer College of Business Montana State University Bozeman‚ Montana USA G. Randolph Just* ABSTRACT An effective internal audit department adds value to its organization in numerous ways. It helps the organization to achieve
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Rittenberg 8th edition: Q 2-45 (pages 66 and 67) 2-45 (Audit Committees and Auditor Independence‚ LO 4‚ 5‚ 6) The audit committee is required to evaluate the independence of both the internal and external audit functions. Required a. What factors would you suggest an audit committee look at in evaluating the external auditor’s independence? b. How can the audit committee influence the independence of the internal audit function? c. The audit committee must pre-approve all nonaudit services pro-
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Case 1.9 Zzzz Best Company Case 1.9 ZZZZ Best Company‚ Inc. 1. A review is similar to an audit but is less in scope and only provides limited assurance in regards to the presentation of the financial statement. This differs with an audit that gives reasonable assurance that no material errors or illegal acts are detected. The objective of an audit is to provide a reasonable basis for expressing an opinion regarding the financial statements taken as a whole. A review does not provide a basis
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Whitney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for the three months ended July 31‚ 1986. How does a review differ from an audit‚ particularly in terms of the level of assurance implied by the auditor’s report? While both a review and an audit are attestation services provided by CPAs. A review and an audit differ in that a review does not offer the level of assurance that an audit does‚ auditors do not
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system that would be able to transport crude oil from Canada into the United States. The pipeline was given the name the Keystone Pipeline System. Originally‚ the pipeline was to run from Alberta‚ Canada to refineries in Illinois. However‚ in 2008 another proposition was raised in order to extend the pipeline even further to down to Texas. The proposition is known as the Keystone XL. The possible construction of the pipeline is a controversial topic. Entrepreneurs believe that such a pipeline will
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Keystone XL Pipeline The Keystone XL Pipeline system is used for transporting oil from the Athabasca oil sands in Alberta Canada to the United States. There are four different phases of this pipeline. Phases one and two are already complete. The first phase of the pipeline starts at the Keystone Hardisty Terminal in Canada and stops at Wood River and Patoka‚ Illinois‚ and then phase two starts in Steele City‚ Nebraska and stretches down to Cushing‚ Oklahoma. The completed pipeline is over 2000 miles
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