CHAPTER 19: PROFESSIONAL CONDUCT‚ INDEPENDENCE‚ AND QUALITY CONTROL Ethics and Professional Conduct * Ethics- system or code of conduct based on moral duties and obligations that indicate how an individual should interact with others in society. * Professionalism- refers to the conduct‚ aims‚ or qualities that characterize or mark a profession or professional person. * Most important concepts: personal responsibility and integrity * Accounting profession has developed a Code
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CHAPTER 6 Audit Evidence |Learning Check | 6-1. a. Audit evidence is all the information used by the auditor in arriving at the conclusion on which the audit opinion is based. Audit evidence includes (1) the accounting records underlying the financial statements and (2) other information that corroborates the accounting records and supports the auditor’s logical reasoning about fair presentation in the financial statements. b. Any information that is obtained
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NOTE: The time limits set out in SOLAS for ship abandonment should be considered as a secondary objective when conducting drills. ISM Code 8: EMERGENCY PREPAREDNESS * 8.1 The Company should identify potential emergency shipboard situations‚ and establish procedures to respond to them. * 8.2 The Company should establish programs for drills and exercises to prepare for emergency actions. * 8.3 The SMS should provide for measures ensuring that the Company’s organization can respond
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Marketing Audit How to conduct a marketing audit The marketing audit is a fundamental part of the marketing planning process. It is conducted not only at the beginning of the process‚ but also at a series of points during the implementation of the plan. The marketing audit considers both internal and external influences on marketing planning‚ as well as a review of the plan itself. There are a number of tools and audits that can be used‚ for example SWOT analysis for the internal environment‚ as
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DATE : May 13‚ 2013 SUBJECT : Analysis of Marine Supply Financial Ratios and Suggestions for Improvements Thank you for allowing us the opportunity to work with your company. As requested‚ we have evaluated your company’s performance based on the existing financial results. Our analysis is based on financial ratios calculated from your provided financial statements. a. Liquidity According to the current ratio‚ it indicates that the company is still doing well in comparison to the industry average
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Chapter 14 (Cost Planning) Problem 14.16 part A only (LO8) Cash budget – comprehensive. Following are the budgeted income statements for the second quarter of 2010 for Marine Tech‚ Inc.: | |April |May |June | |Sales……………………….. |$224‚000 |$272‚000 |$304‚000 | |Cost of goods sold*............... | 153‚600 | 182
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EXAMPLE AUDIT ENGAGEMENT LETTER This example engagement letter is intended solely for general educational purposes. It is not intended for the purpose of providing specific legal‚ accounting‚ or other professional advice to any particular recipient or with respect to any particular jurisdiction. The author‚ publisher‚ and distributor of this document (1) make no representations‚ warranties‚ or guarantees as to its technical accuracy or compliance with any law ( federal‚ state‚ or local) or professional
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What is the website trying to achieve? To improve the lives of those affected and the lives of family and friends. Offering expertise on mood disorders Electronic technology is a key enabler. BID ensures services are made more widely available across Australia with website = powerful source of information on mood disorders. How do they achieve the 5s’s? - Marketing terms to use: * 5 S’s : * Sell * Serve * Speak * Save * Sizzle Is it user friendly? Yes‚ www
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Threats may be created by a broad range of relationships and circumstances. When a relationship or circumstances creates a threat‚ such a threat could compromise‚ or could be perceived to compromise‚ a professional accountant’s compliance with the fundamental principles. A circumstance or relationship may create more than one threat‚ and a threat may affect compliance with more than fundamental principle. Threats fall into one or more of the following categories: (a) Self-interest threat – the threat
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Legislations: There are many laws that are important and protect a person with disabilities. Some of these laws that I will be talking about is: The National Authority Act 1999. Under the National Authority Act the National Disability Authority (NDA) was set up. The Authority was established on June 12‚ 2000. The function of the NDA is to provide guidance and advice to the government on policies‚ practices and technical standards relating to disability. They advise people on the standards
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