13-26 a. b. c. d. e. f. 1. Acquisition and Payment Acquisition and Payment Reperformance Substantive S T of T Posting and summarization N/A 2.Acquisition and Payment Documentation Test of control or Substantive S T of T Existence N/A 3.Inventory and Warehousing Analytical procedure Substantive A P N/A Realizable value 4.Capital Acquisition and Repayment Confirmation Substantive T D of B N/A Existence Accuracy Presentation and disclosure 5. Acquisition and Payment Reperformance Substantive T D of
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ACC 640: Advanced Auditing Dr. Owhoso Case 4: Waste Management Due: 09/23/14 Summary: Waste Management‚ Inc. was an international provider of waste management services. What once started as a family-owned trash collection business in 1894 grew to be a leading company in the 1990s. The company had diversified into several waste-related ventures‚ including trash pick up for individuals‚ businesses‚ and municipalities‚ as well as recycling‚ methane gas removal
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notes To: Audit Partner From: Audit Manager Regarding: Audit planning and ethical issues in respect of Grohl Co Introduction These briefing notes evaluate the business risks facing Grohl Co‚ and identify and explain four risks of material misstatement to be considered in planning the audit of the financial statements for the year ended 30 November 2012. In addition‚ two ethical issues are discussed and relevant actions recommended. (i) Business risks Imported goods – exchange rate fluctuations
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of adulterated inventory counts and computerized records in general‚ warrant response from the auditing team during their assessment of financial statements. Although the number of shirts sold to the auditing team do not constitute a material misstatement in regards to the financial statements‚ the risk related to fraud should be assessed and mitigated during the planning and carrying out of the audit and further audit procedures. These transactions do not affect the existence and valuation assertions
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complexity of any company‚ (4) and to simplify the text of the standard. PCAOB Stated that AS5 is principles-based. It is intended to increase the possibility that material flaws in internal control will be found before they result in material misstatement of a company’s financial statements‚ while eliminating actions that are unnecessary. According to Mark Olson‚ PCAOB Chairman‚ the standard 5 was made to better meet the needs of investors‚ public companies and auditors. AS5 was also designed to
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relevant reporting framework. In normal English‚ true means ‘in accordance with the facts’ and fair means ‘free from dishonesty or impartial.’ In accounting principle‚ true and fair view means that the financial statements are free from material misstatements and faithfully represent the financial performance and position of the entity.The true and fair requirement has been fundamental to accounting in the UK for many years. However‚ they are not intended to be a comprehensive code of rigid rule but
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are civil offenses. The remedy for negligent misrepresentation is that of rescission. The court will act like the contract never existed. If Chris can prove that he actually believed that his statement was true‚ the misrepresentation will be a wholly innocent misrepresentation. Otherwise‚ it is a negligent misrepresentation. Royscott Trust v Rogerson confirmed in case of tortious damages‚ remedies for fraudulent misrepresentation is also available for negligent misrepresentation. Chris and Angela
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What is patient safety? Patient safety is the absence of preventable harm to a patient during the process of health care (WHO 2004). These could include “errors”‚ “deviations “and “accidents “. Achieving patient safety involves the interaction of all the system components; never residing only in person‚ device‚ or department. It is the core of health care quality. According to the Joint Commission Patient Safety (2004 through 2011). Miscommunication was listed as one of the top contributing cause
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Tort Case Study In Ms. Gadner’s case‚ numerous negligent actions were performed by numerous healthcare professionals. Unfortunately‚ this negligence cost the plaintiff her life from a preventable and treatable diagnosis. Below‚ detailed discussion of the case will be used to prove negligence by the numerous professionals and healthcare organization. Ms. Gadner’s Case Potential Defendants First‚ the defendant that would be presumed the most liable for this heinous act would be Bay Hospital.
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About ACF Known as "the authority on cooking in America‚" the American Culinary Federation (ACF) represents more than 21‚000 members in 230 chapters across the United States. It is ACF’s mission to make a positive difference for culinarians through education‚ apprenticeship and certification‚ while creating a fraternal bond of respect and integrity among culinarians everywhere. ACF Professional Certification ACF certification is a symbol of professionalism and helps steer culinary
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