Case Study 5 1. Explain WHY not appropriate with authority? 2. Identify controversial issue(s)‚ 3. Support your arguments 4. Answer the question - State your opinion/ conclusion Case Study 5 The answer is adapted from HKICPA FE (December 2003) Paper II Case Question 4. There is an inconsistency in the auditor’s report. The Qualified Opinion paragraph indicates that the opinion is qualified on the basis of scope limitation‚ while the Basis for Qualified Opinion paragraph suggests that
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Delima Case Study SYNOPSIS Delima Enterprise Sdn Bhd (DESB) founded in 1981 by Encik Zayed. It conducted trading and supplying related products including manpower supplies to the oil and gas industries. The husband and wife which are Encik Zayed and Puan Hashimah were the two principal shareholders and controlling directors for the company. The company expands into provision of engineering services as part of their business diversification and expansion plans. The company had maintained a very
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AUDIT QUALITY A BRIEF DISCUSSION REGARDING THE QUALITY OF ASSURANCE AND AUDIT Student ID: 1204335 Xiaoyu ZHENG AUDIT QUALITY A BR IEF D ISC US SI ON R EGAR D IN G THE QUAL IT Y OF A S SUR A N CE AN D A UD IT A INTRODUCTION uditing has inevitably become one of the essential activities in the current business world. It may be attributable to the fact that financial reports still remain the major criteria in evaluating the performance of the business. Audit quality refers to different
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Types of Environment Audits Site Audit 1. Reclamation of Land * Important because the inception of the Mining Act was passed in 1869. * was periodically amended and in 1991 included closure and reclamation * Therefore‚ after the amended Mining Act in 1991 when a mine begins its operation it must have plans‚ procedures and funds to restore the land to its natural state. 2. Longer term protection of close sites * A closed mine site can be monitored forever due to the hazardous
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SYNDICATED LOAN AGREEMENT 银团贷款协议 RMB 7‚500‚000‚000 CHINA MOBILE (SHENZHEN) LIMITED 中国移动（深圳）有限公司 (Acting as "Borrower") 作为“借款人” CONSTRUCTION BANK OF CHINA 中国建设银行 BANK OF CHINA 中国银行 (Acting as "Joint Lead Managers") 作为“联合牵头银行” BANK OF CHINA 中国银行 CONSTRUCTION BANK OF CHINA 中国建设银行 (Acting as "Joint Lead Underwriters") 作为“联合牵头包销商” STATE DEVELOPMENT BANK 国家开发银行 AGRICULTURE BANK OF CHINA 中国农业银行 INDUSTRIAL AND COMMERCIAL BANK OF CHINA 中国工商银行 (Acting as "Co-Lead Managers") 作为“副牵头银行”
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udit 22-31 a. The audit program for the audit of Rakin Corporation’s capital stock account would include the following procedures: 1. Examine the articles of incorporation‚ the bylaws‚ and the minutes of the board of directors from the inception of the corporation to determine the provisions or decisions regarding the capital stock. the authorization for the sale of new issues or additional sales of unissued stock‚ declarations of stock splits and dividends in the form of cash
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1.Identify FOUR (4) types of documents and its functions in Payroll and Personnel Audit Cycle 2. Give TWO (2) examples of each of Substantive Analytical Procedures in Payroll & Personnel Audit Cycle when auditing the accounts below: i- Payroll Expense Accounts ii- Payroll-Related Accrual Accounts 3. Describe the duties that are performed within the personnel‚ timekeeping‚ and payroll processing functions. 4.a. Describe what are the key authorisation points in a payroll system. b.Explain
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can be presented: * “Audit evidence is more reliable when it is obtained from independent sources outside the entity.” * “Audit evidence that is generated internally is more reliable when the related controls imposed by the entity are effective.” * “Audit evidence obtained directly by the auditor is more reliable than audit evidence obtained indirectly or by inference.” * “Audit evidence is more reliable when it exists in documentary form.” * “Audit evidence provided by original
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Lincoln and Kennedy Abraham Lincoln and JFK were two very different men. Lincoln was known as "honest Abe"‚ where Kennedy had his scandals. Both presidents had different views and presidential styles. Even their looks were completely opposite. Aside from their differences‚ however‚ Lincoln and Kennedy have some eerie similarities and many involving the men’s assassinations. To start of with‚ there are many numerical coincidences dealing with dates and names. Lincoln was first elected to congress
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Topic: The Benefits of Saving Money General Purpose: To persuade. (Persuasive Speech) Specific Purpose: To persuade my audience to save money for the future. Thematic Statement: Saving money bring significant benefits to the financial status of a person‚ and it is helpful to reduce personal economic risk in the future. Introduction Attention getter: “A penny saved is a penny earned” “When you don’t work‚ savings will work for you”‚ but‚ why? Is this true? Is saving money important? We can’t
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