question‚ no credit will be given for that question. 1. Which of the following is not a Sarbanes-Oxley requirement for audit committees? A. The audit committee should view itself as the “client” of the external auditor. B. The audit committee must be chaired by the chair of the board of directors. C. Audit committee members must be financially literate. D. Audit committee members must be outside directors. 2. There are several reasons why users of information desire assurance services from accountants
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by unauthorized personnel; and • The use of computer programs that have not been authorized. *Accounting estimate—An approximation of a monetary amount in the absence of a precise means of measurement. This term is used for an amount measured at fair value where there is estimation uncertainty‚ as well as for other amounts that require estimation. Where ISA 540 2 addresses only accounting estimates involving measurement at fair value‚ the term “fair value accounting estimates” is used
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therefore‚ counselors need to help remove environmental barriers that hamper client’s well-being by increasing the client’s sense of personal power and to foster environmental changes that reflect greater responsiveness to client’s sense of personal needs. Outreach‚ empowerment‚ social justice‚ and social action are all apart of advocacy. Counselors need to help the client prevent psychological distress by helping them develop resources and strengths while reducing negative influences. There are three
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TYPES OF AUDITS Operational PURPOSE: To evaluate whether operating procedures are efficient and effective USERS: Management of the organization NATURE: Highly non-standard; often subjective FREQUENCY: PAs: Frequently AGs: Frequently CRA: Never Internal: Frequently Compliance PURPOSE: To determine whether the client is following specific procedures set by higher authority USERS: Authority setting down procedures‚ internal or external NATURE: Highly non-standard; often subjective FREQUENCY: PAs:
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What practical measures could an organisation adopt to reduce staff turnover? Labour turnover refers to the ratio of the number of employees that leave a company through resignation‚ attrition or dismissal during a period‚ to the number of employees on payroll during the same period. The term is associated with employee retention‚ which refers to the practices and policies that companies adopt to prevent employees from leaving their jobs. High labour turnover causes problems for businesses. It
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of and similarities and differences between financial and management accounting and to highlight how management accounting could be used to improve TVD’s performance. In particular‚ one of the management accounting techniques‚ benchmarking‚ is used as an example of how MA can help a business to run successfully. Today‚ accounting is an important aspect of business. The primary idea is to present financial and non-financial information so that the company can make good decisions and succeed financially
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The term statutory audit refers to the review or the record of the company of the government organization which is required by the law or the municipal authority of any particular region. This is done to monitor the performance of the firm or the government organization. The company here the auditors who provide the auditing report and submit those reports annually or semiannually to the law or the concerned municipal law authority. This statutory auditing finally does the cross checking of the financial
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Anderson‚ Olds and Watershed (AOW) will audit the balance sheet of Apollo Shoes as of December 31‚ 2011 and the related statements of income‚ retained earnings and cash flows for the year then ended. Our audit will be conducted in accordance with the Standards of the Public Company Accounting Oversight Board (PCAOB). Our audit will include examining‚ on a test basis‚ evidence supporting the amounts and disclosures in financial statements‚ assessing the accounting principles used ad significant judgments
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What is the employee engagement? Employee engagement is a workplace approach designed to ensure that employees are committed to their organisation’s goals and values‚ motivated to contribute to organisational success‚ and are able at the same time to enhance their own sense of well-being There are differences between attitude‚ behaviour and outcomes in terms of engagement. An employee might feel pride and loyalty (attitude); be a great advocate of their company to clients‚ or go the extra mile
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“The A Team” a song written by Ed Sheeran in 2011 after he visited a homeless shelter and heard a story from one female‚ she was a prostitute addicted to cocaine and had become homeless. Her story inspired him to write the song and quickly became top ten songs in numerous countries and nominated for the Grammy’s “Song of the Year” in 2012. I recalled listening to the song when I was in eighth grade‚ and one verse had a great impact on me. “The worse things in life come free to us” hit me like a truck
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