Deficiency in internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees‚ in the normal course of performing their assigned functions‚ to prevent‚ or detect and correct‚ misstatements on a timely basis. A deficiency in design exists when (a) a control necessary to meet the control objective is missing‚ or (b) an existing control is not properly designed so that‚ even if the control operates as designed‚ the control objective
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was the doctor negligent in his practice? Is the amputation of the wrong leg considered to be malpractice on the doctor’s part? This paper will differentiate between negligence‚ gross negligence‚ and malpractice. After differentiating between these terms‚ it will be determined if the doctor operating on Mr. Benson was considered to be negligent‚ gross negligent or was this mistake malpractice. To determine if the doctor who operated on Mr. Benson was negligent‚ the term negligent has to be defined
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Breach of Duty: The first issue is the standard of care in which the doctor will be judged on and it is going to be judged on the reasonable standards of a component doctor. The question arises! How do you test whether an act or failure is negligent? The doctor is to be judged on the state of knowledge at the time of the incident. In this case there is special skill required in this filed and it would be judged by the conduct of a competent doctor exercising that particular art. There many
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Act‚ 1956 "the Act"). This responsibility includes the design‚ implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement‚ whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute
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Assurance services - deal with audit or review of historical financial information and assurances dealing with subject matters other than historical financial information. * designed to enhance the degree of confindence of the intended users other than the responsible party about the outcome of the evaluation or measurement of a subject matter against criteria FF. are the broad categories of services under the umbrella of assurance services: 1. Risk assessment 2. Information system reliability
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The Audit Risks Assessment Model and Potential Areas of Improvement By: Patrick S. Fields Fraud and the Creation of Sarbanes-Oxley Following the multitude of fraud scandals in the early 2000’s‚ such as Enron and WorldCom‚ many accounting firms found themselves as part of a thorough investigation to determine what exactly caused the sudden outburst of accounting fraud. As investors and creditors pursued their lost money from the these business failures‚ accounting firms began to garner attention
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Donna Sanders Financial Statement Fraud Week 12 There are many things that can motivate financial statement fraud. Taking a look at Donald Cressey’s hypotheses which is now known as the fraud triangle depicts the certain criteria for the mind frame of the fraudster. The fraud triangle is a theory that consists of perceived pressures‚ perceived opportunity‚ and rationalization. It gives us the different pressures placed on individuals that would make them consider “cooking the books.” It also
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* Respondeat Superior * If an employee is within the course and scope of his employment is negligent‚ both thte employee and the employer will be liable. * Sue just employee: F the employee has adequate coverage; and the employee is liked in the community * Sue just the Employer: Disliked Employer‚ and sympathetic employee that you do not want in the court room. * Consideration that the judges take on * Ex: Hypo – Runner is in the course of business
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grounds that the jury was not given instructions on criminally negligent homicide. Issue: * Is there error in the court denying a jury instructions on criminally negligent homicide‚ instead instructing on reckless manslaughter‚ which alleges the defendant had intent to kill‚ when there is enough evidence to support the theory the defendant’s conduct was unintentional. * The court establishing the difference between criminally negligent homicide and recklessness manslaughter. Court: Court of
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fifth year in a row‚ dropping 4.5 percent (per 100‚000 people) in 2011. Property crime fell for the ninth year in a row‚ dropping by 1.3 percent. The FBI’s Uniform Crime Reporting Program collects data on specific violent crimes (murder and non-negligent manslaughter‚ forcible rape‚ robbery‚ and aggravated assault) and specific property crimes (burglary‚ larceny-theft‚ and motor vehicle theft.) In 2011‚ six of the seven categories saw decreases nationally; only the number of burglaries increased
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