Audit of the Inventory and Warehousing Cycle Chapter 21 ©2008 Prentice Hall Business Publishing‚ Auditing 12/e‚ Arens/Beasley/Elder 21 - 1 Learning Objective 1 Describe the business functions and the related documents and records in the inventory and warehousing cycle. ©2008 Prentice Hall Business Publishing‚ Auditing 12/e‚ Arens/Beasley/Elder 21 - 2 Flow of Inventory and Costs Raw Materials Beginning Raw inventory materials used Purchases Ending inventory Direct Labor Actual
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professional competence‚ confidentially and professional behavior to audit planning and audit process. To prepare of informative‚ accurate‚ and independent audit reports‚ the auditors of listed company are independent in order to protect the interests of investors. The independent auditor must have the professional qualifications with the education and audit experiences. They should be straightforward and honest in professional audit process and business relationship. They should be express the recommendation
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Memorandum To: DeLaune/Simonov From: Courtney Lancaster Date: October 15‚ 2013 Subject: History of the Auditing Profession Similar to all aspects of the accounting profession‚ the auditing focus in the business world has evolved considerably over its history. The main drive behind the changes has been new legislation and a strict enforcement standard which more times then not was influenced by the fraudulent activity delivered by corporate management. By the creation of oversight
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Government Auditing Standards (Yellow Book) July 2007 Revision – PRP §21‚120A. OIG UNDER REVIEW: NAME OF ENGAGEMENT: CONTROL NO.: TYPE OF ATTESTATION ENGAGEMENT: _____ EXAMINATION _____ REVIEW _____ AGREED-UPON PROCEDURES REVIEWER(S): DATE COMPLETED: | |Yes |No |N/A |Remarks and Findings | |1. General Standards
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company has no internal audit function‚ its internal control systems is very basic. 1) The internal audit evaluates the all kinds of business and control to organization. It makes sure the organization whether compliance with the police and procedures‚ whether it meet a regulations and a criterion‚ whether use the sources effectively and economically as well as whether or not it achieves the organizations goals. But this company of AL and MO‚ they have no internal audit function. They cannot
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of a new life and career comes the burden of paying student loans. With student loan debt totalling at about $1 trillion student loans have surpassed credit card debt. Student loan debt are restraining graduates from moving on and excelling in their profession. “It definitely holds you back. It’s hard to move forward in your life and career knowing you have this debt‚" (Smith‚ CBSLocal.com) Graduates are so overwhelmed with student loan debt that it affects different aspects of their lives. "I’ve
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liquefied petroleum gas (LPG)‚ bitumen‚ lubricants and others. Their Projects & Technology department provides some business which includes technical services‚ technology capability and major project delivery in both activities. Shell Refining Co.’s main competitor in Malaysia is PETRONAS and Petron Corporation. The main way Shell stands out from his
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process that is often known as a Strategic Audit. The external environment in which a business operates can create opportunities which a business can exploit‚ as well as threats which could damage a business; however‚ to be in a position to exploit opportunities‚ or respond to threats‚ a business needs to have the right resources and capabilities in place. The process of conducting a strategic audit can be summarized into the following stages: Resource Audit‚ Value Chain Analysis‚ Core Competence Analysis
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Abraham Lincoln Thesis: Abraham Lincoln really is a man that we know so little about how he came to be the president. In the year of 1809 on February 12th‚ a baby boy was born to Thomas and Nancy Hanks Lincoln. This boy was Abraham Lincoln after his grandfather who passed away. He was born in a log cabin in Hardin County‚ Kentucky as where his siblings Sarah and Thomas (who died as an infant). “When first my father settled here it was than the frontier line‚ The Panther’s screams filled the night
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A SURVEY ON THE DIFFERENT TYPES OF LEARNERS FROM GRADE 9 AND GRADE 10 STUDENTS OF HOLY FAMILY SCHOOL OF QUEZON CITY S.Y. 2014-2015 ALBERTO‚ JOLEEN KIM D.C ALDAVE‚ MARIA VERONICA L. BLANCO‚ CHELSEA ELYZZA Q. LINSANGAN‚ PAULINE M. IV- ST. FRANCES XAVIER OF CABRINI CHAPTER I THE PROBLEM AND ITS BACKGROUND A school is where we learn new things‚ enhance our skills and capabilities and where we form our identities and personality. It is a big aspect of our lives since we spend most of our
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