Question: Define audit and accounting risk‚ give 3 specific example of each type of risk and explain why they are called audit and accounting risk. * Accounting risk is the risk that errors associated with forecasts used in GAAP accounting estimates are not properly disclosed. Accounting risk is primarily the responsibility of accounting standards. It is dealt with only indirectly in accounting standards. For example: * Bad debts on loans had an historic rate of 1% of outstanding loans
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Padma Bridge 1 Padma Bridge Padma Multipurpose Bridge Carries Crosses Locale Maintained by Designer Design Material Total length Width Motor vehicles‚ Railway Padma River Louhajong‚ Munshiganj to Shariatpur and Madaripur Bangladesh Bridge Authority Maunsell AECOM Truss bridge Steel 6‚150 m (20‚180 ft) 21.1 m (69 ft) Bangladesh Construction begin expected in 2013 Construction end Coordinates expected in 2016 23°25′21″N 90°18′35″E The Padma Bridge is a multipurpose road-rail bridge across
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Padma Bridge Padma Multipurpose Bridge Carries | Motor vehicles‚ Railway | Crosses | Padma River | Locale | Louhajong‚ Munshiganj to Shariatpur and Madaripur‚ Bangladesh | Maintained by | Bangladesh Bridge Authority | Designer | Maunsell AECOM | Design | Truss bridge | Material | Steel | Total length | 6‚150 m (20‚180 ft) | Width | 21.10 m (69.2 ft) | The Padma Bridge is a multipurpose road-rail bridge across the Padma River to be constructed in Bangladesh. When completed
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The Brooklyn Bridge The Brooklyn bridge in its days was the biggest‚ most famous bridge in the world‚ it had the most beautiful suspension bridges and the most dramatic testament yet to American technical ingenuity and daring. The bridge indicated that there was no place like New York‚ no place like American in the 19th century .The heroic history of the Brooklyn Bridge and its construction is well known‚ its position in the American life is remarkable ‚as is the infinitely unprecedented structure
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Weaknesses in an Internal Audit Control System by Osmond Vitez‚ Demand Media An internal audit control system is a common safeguard found in business today. This safeguard is broken down into two parts: internal audits and internal controls. Internal audits are informal reviews by the business owner or employees. They provide information on internal operations in employee performance. Internal controls represent the specific policies the business owner‚ manager and employees must follow in the
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INTRODUCTION Problems: People of Chorao are facing lot of problems due to lack of bridge. Ferry service is available till 2.00 am and if there is any medical emergency‚ people have to face lot of problems. It is noticed that many women’s at the time of their pregnancy had stayed outside Chorao with fear. A long queue is found waiting for ferry. There are lots of fights amongst the people. Many people from Bicholim‚ Mayem sides use this ferry for coming to Panjim. One can see fights between villagers
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Group Brand Audit Project Your group assignment is to pick a brand from the list of brands(attached) and conduct a thorough brand audit. Each group must study and analyze a different brand. Brands will be assigned on a "first come‚ first serve" basis. Post your group’s choice of brand and gp number on the “questions for Prof/TA” board so that everyone can see your group’s choice. This way‚ the other gps will know which brands are already taken on a first come first serve basis. Once your
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A project audit provides an opportunity to uncover the issues‚ concerns and challenges encountered in the execution of a project. It affords the project manager‚ project sponsor and project team an interim view of what has gone well and what needs to be improved with the project to successfully complete it. If done at the close of a project‚ a project audit can be used to develop success criteria for future projects by providing a forensic review. This review will provide an opportunity to learn
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Memorandum To: DeLaune/Simonov From: Courtney Lancaster Date: October 15‚ 2013 Subject: History of the Auditing Profession Similar to all aspects of the accounting profession‚ the auditing focus in the business world has evolved considerably over its history. The main drive behind the changes has been new legislation and a strict enforcement standard which more times then not was influenced by the fraudulent activity delivered by corporate management. By the creation of oversight
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ASSERTION -Audit assertion are those charged with governance of an entity are responsible for ensuring the financial report gives true and fair view of entity and the operation of its. -Management make assertions abt each account and related disclosures in the notes. -Assertion statement made by management regarding the recognition‚ measurement‚ presentation and disclosure of items include in the financial report. auditor use assertion for transaction‚ account balance and presentation and disclosure
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