Theresa Golding BA 418 – Auditing Dr. Charles Pineno April 25‚ 2010 PART 1: “Small Firms May Face Audit Music” (published in The Wall Street Journal on April 19‚ 2007) addresses the ending of the delay in applying portions of the Sarbanes-Oxley Act of 2002 to smaller companies. At the time of the article‚ some 6‚000 smaller public companies had yet to be required to “make an annual assessment of their internal financial-reporting controls with further review by the company’s outside auditor of
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Auditing Introduction Letter 22851 Center Street Castro Valley‚ CA. 94546 May 6‚ 2013. Mr. Charles Apollo Shoes 123 Market Street Phoenix‚ Arizona 44444 Dear Mr. Charles‚ AUDITING INTRODUCTION LETTER I am writing this letter to introduce myself‚ my company‚ and the auditing and assurance services we can offer to Apollo Shoes. I will also discuss the benefits of our services as well as the role we will provide and the requirements for meeting the standards for the services we offer. Our firm
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Case Study Vicarious Liability Introduction Under the English Common Law‚ Vicarious liability is a principle of the tort laws. The law imposes liability of employees and agents to their employers. Under this law‚ the liability of any tort committed by an employee that falls under the scope of his duties to the employer is transferred to the employer. This includes both the intentional and unintentional torts. The inclusion of the intentional torts came in to effect after the ruling in the case
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A2 law: tort: Vicarious Liability Question 2-Fairness/Unfairness. Vicarious liability arises when one party is responsible for the tort of another. This situation occurs frequently when an employer is held responsible for the torts committed by an employee. An employer can only be held responsible for the torts of an employee‚ not for an independent contractor. There are also some rules that must be satisfied. First it must be proven that the tortfeaser is an employee. The act the tortfeaser
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Repairing Society’s Perception of the Accounting Profession in a Troubled Time INTRODUCTION Accountants are held to a high ethical standard because of the sensitive financial information they encounter and the type of financial documents the produce. After events such as Enron surfaced‚ the accounting profession as a whole came under fire and our reputations are in question. These scandals reveled what can happen if accountants do not act in an ethical manner and why it is so important
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WEB TECHNOLOGIES Click Fraud Bernard J. Jansen The Pennsylvania State University Unchecked‚ click fraud could undermine the sponsored search business model. T oday‚ Web search engines are the primary method for millions of users throughout the world to access information on a topic‚ navigate to Web sites‚ keep up with the news‚ and shop online. Most major search engines generate revenue via sponsored search‚ a process whereby content providers pay for traffic from specific links
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Introduction : We have seen a spate of cyber frauds in the recent past. The frequency and scale of the incidents has created a lot of concerns for the banks‚ regulators and customers. What do banks in India have to learn from these? Are they doing enough to ensure that we don’t end up as sitting ducks? What preventive measures to take to face this new menace? Before we consider these and other related questions‚ we need to understand the anatomy of cyber frauds. Cyber Fraud is a generic term used to represent
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Professional Regulation and Criminal Liability Many natures of complaints occur throughout the health care workforce. Because of the dramatic changes in how health care is delivered over the past few years‚ consumer concerns about liability issues have increased. Patients put their physical health and trust in the hands of health care providers daily. Unfortunately‚ there have been periods when the treatment provided‚ has been accidental or intentional and caused physician harm to the patient.
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Coyote‚ located in Phoenix‚ Arizona and centers around three personnel members. Yancy Corliss is a new partner with the firm that is summoned into the managing partner’s office‚ Sharon Rules. Rules indicates that Jost Furniture is looking for a new auditing and she has been approached to submit a bid. Before committing to a bid Rules would like Corliss to conduct a background check to assess the potential risk of obtaining Jost as a client. The contract could prove to be quite lucrative for the firm
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Auditing Research Paper “Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria” (Arens A.‚ Elder R. J.‚ Beasley M. S. 2010). Auditing of a company should be done by an independent person that has no affiliation with the company that is being audited. The auditor needs to be educated enough to process the audit. There are three different types of auditors‚ external
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