Accountant liability law varies across states within the United States. Clearly‚ accountants are liable to their clients for any mistakes that they make within their realm of work. However‚ the liability becomes questionable when dealing with third parties. A company may have many affluent stakeholders relying on their financial statements in order to make important decisions‚ which may have monetary impacts. Therefore‚ an auditor’s precision is imperative. There have been many proposals in which
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INSTITUT SINARAN ENGLISH Task1: Personal Statement Student Number: Cheng Tzy Terng Student Number: 13AC050 Lecturer: Ms Angie Chau Due Date: 17 January 2013 Personal Statement My name is Cheng Tzy Terng. My former school is Kian Kok Middle School. Now I am studying Cambridge A-Level Commerce course at Institut Sinaran. I take business studies‚ accounting‚ economics and mathematics. I wish to study accounting and finance in the university
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COST ACCOUNTING: A BRANCH OF ACCONTING THE PRINCIPAL PURPOSE OF WHCH IS TO DTERMINE THE COST OF A SINGLE UNIT OR SERVICES (FOR STOCK VALUATION‚COST PLANNING AND CONTROL AND PROFIT REPORTING PURPOSE) . OR A BRANCH OF ACCOUNTING THAT DEALS WITH THE ACCUMULATION AND ANALYSIS OF COST INFORMATION FOR INTERNAL USE TO AID MAMNAGEMENT IN PLANNING‚ CONTROL AND DECISION MAKING
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FORENSIC ACCOUNTING & FRAUD INVESTIGATION ASSESSMENT TASKS 1 THE ROLE OF FORENSIC ACCOUNTANTS IN CORPORATE GOVERNANCE Corporate governance is defined as the formal mechanism of direction‚ supervision and control put in place within a company in order to monitor the decisions and actions of its senior managers and ensure these are compatible and consistent with the specific interest of shareholders and the various other interests of shareholders who contribute to the operations of
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What is a theory? In this book we consider various theories of financial accounting. Perhaps‚ there¬fore‚ we should start by considering what we mean by a ’theory’. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions‚ including: A scheme or system of ideas or statements held as an explanation or account (description) of a group of facts or phenomena. Explanation or Account (description) of a group
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Shortly after accepting an entry-level position on the auditing staff of a Big Six accounting firm‚ Leigh Ann Walker was assigned to work on the audit of Saint Andrew’s Hospital. While nervous about her first assignment‚ Ms. Walker was excited to be working under Jackie Vaughn‚ a third-year senior. Early in the engagement‚ Ms. Vaughn casually asked Ms. Walker if she had taken the CPA exam. Ms. Walker had in fact attempted the exam‚ but told Ms. Vaughn that she had not yet taken it. Ms. Walker was
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ENGLRES C31 Outlining Belga‚ Arvie Lotus Grace Benedicto‚ Juan Carlos 12 October 2010 Accounting Passing Rate Thesis Statement: Accounting‚ just like in other fields of knowledge‚ has a profession board exam that has to be taken and pass by accounting graduates which the statistical passing rate changes every year due to different circumstances. 1.0 Introduction 1.1. Definition of accounting 1.2. Universities and colleges that offer BSA program 1.3. Other profession that have profession
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In- House Vs Outsourced Accounting Services We have mentioned time to time how important it is for a business entity to have a good accounting department and have up to date and accurate accounting books. A business entity will require an accounting information so as to enable it manage and control its finances and resources. It also needs it for it to be able to improve on its level of profit earning‚ should it realizes it is declining in its profitability level. But most small to midsized companies
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ukessays.com http://www.ukessays.com/essays/accounting/history-of-accounting-traces-to-ancient-civilizations.php History of Accounting -Traces To Ancient Civilizations Various attempts have been made to locate the place and time of the birth of the double-entry system resulting in various scenarios. Most of these scenarios recognize the presence of some form of record keeping in most civilizations dating back to about 3000 BC. Included are the Chaldean-Babylonian‚ Assyrian and Sumerian
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LIVENT‚ INC.: An Instructional Case Michael C. Knapp Professor University of Oklahoma Price College of Business 307 W. Brooks Norman‚ Oklahoma 73019 Office phone: 405-325-5784 mknapp@ou.edu Carol A. Knapp Visiting Associate Professor University of Oklahoma Price College of Business 307 W. Brooks Norman‚ Oklahoma 73019 ABSTRACT: Like many financial frauds‚ the Livent‚ Inc. fraud was masterminded by a few individuals‚ primarily Garth Drabinsky‚ a Broadway “impresario” who had received
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