Quistions on Academic Research Case The need for an Internal Auditor Report to External Stakeholders to Improve Governance Transparency Naimah AlBaharnah Prof. Liotta‚ Joseph P AC629‚ Contemporary Issues In Auditing June 19‚ 2014 What is the issue being addressed in the paper? Sarbanes Oxley mandates requires all public companies to establish internal controls and procedures for financial reporting. In addition they must document‚ test and maintain those controls and procedures to ensure their
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Chapter 14 Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions Solution of Practising Problems 14-4 BestSellers.com could integrate its online ordering system with its inventory system so that a book shipment is made only after the customer’s credit card company approves the customer’s purchase. Because credit card issuers often transfer funds electronically almost immediately after a sale‚ BestSellers.com could also set up their system to
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risk too low relate to the A. Preliminary estimates of materiality levels. B. Allowable risk of tolerable error. C. Efficiency of the audit. D. Effectiveness of the audit. 2. While performing a substantive test of details during an audit‚ the auditor determined that the sample results supported the conclusion that the recorded account balance was materially misstated. It was‚ in fact‚ not materially misstated. The situation illustrates the risk of A. Incorrect rejection. B. Incorrect acceptance
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The Problem of the External World is presented by Barry Stroud as an attempt to understand the problem about our knowledge of the world around us. He begins his work by claiming that he believes that this particular problem has no solution; and that the only solution that he believes can provided‚ is one that involves us knowing nothing about the world around us. In this particular piece of work‚ Stroud uses his Dreaming Sceptical Argument in an attempt to show that we cannot have knowledge of the
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Auditor Responsibility The expectation is that an auditor should be held responsible for the quality of his/her work. This is because a major error or omission by the auditor can result in a false opinion. Auditors have a moral‚ professional and legal responsibility. In the Companies Act 2006‚ Section 507 prevents auditors knowingly or recklessly causing an audit report to include any matter that is “misleading‚ false or deceptive in a material way”. To be proved in cases of civil liability
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SOLUTIONS TO THE NIGER DELTA PROBLEMS IN NIGERIA AN ASSIGNMENT WRITTEN IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE COURSE DVS 512: TECHNOLOGY‚ ENERGY‚ NATURAL RESOURCES AND DEVELOPMENT BY ISU‚ DORATHY AKWUGO PG/MSC/07/46529 LECTURER: DR. OGAKWU INSTITUTE FOR DEVELOPMENT STUDIES‚ UNIVERSITY OF NIGERIA‚ ENUGU CAMPUS. AUGUST 2009 BACKGROUND The Niger Delta produces the oil wealth which accounts for the bulk of Nigeria’s foreign earnings. Paradoxically however‚ these vast revenues
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AUDIT TECHNIQUES I. NATURE and PURPOSE of AUDIT TECHNIQUES Auditing Techniques are the basic tools utilized by auditors to obtain audit evidences. Auditing Technique is defined as any technique as any technique used to determine deviations from actual accounting and controls established by a business or organization as well as uncovering problems in established processes and controls. Auditing Techniques can be used to aid organizations by uncovering errors in business practices and providing
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many companies collapsed over the past decade owing to partly serious corporate governance deficiencies‚ among other challenges. As a result‚ the research serves to highlight‚ hint and encourage all the relevant stakeholders to establish proper corporate governance structures in which the auditor is tasked to review and evaluate the effectiveness and efficient of the structures. Corporate governance measures and other incentives are unveiled by the top-level management in various companies to create
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The Problem Faced By Beginning Online Learner Introduction Distance learning is a process of creating and provides access to learning when the source of information and the learner are separate by distance and time. Green Berg (1998) defines contemporary distance learning as “a planned teaching/learning experience that uses a wide spectrum of technologies to reach learners at a distance and is designed to encourage learner interaction and certification of learning. Desmond Keegan (1995) gives the
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Appointment‚ Duties‚ Rights and Liabilities of Auditor Appointment: First Auditors a) The first auditors of a company shall be appointed by the directors within 60 days of incorporation of the company [252(3)] b) The first auditors will hold office till the first annual general meeting [252(3)]. c) If the directors fail to appoint the first auditors‚ the members shall appoint the first auditors‚ provided further that the auditors such appointed shall not be removed during the tenure expect
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