Auditing is the term used to describe the process of obtaining objective evidence as to the reliability and integrity of financial information or statements. It includes procedures such as testing systems and gathering evidence. Inquiry is another important procedure in addition to analytical tests of records and systems. Attestation is the reporting of the results analyzed and confirmed in the auditing process. A CPA involved in an attest engagement will issue a written report and take responsibility
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Table of Contents 1.0 Introduction 2 2.0 Element of Marketing Mix 2 2.1 Price 3 2.2 Place 4 2.3 Product 5 2.4 Promotion 6 3.0 Corporate Social Responsibility(CSR) 7 4.0 Customer Relationship Management(CRM) 8 5.0 Marketing Strategy 9 5.1 Marketing plan 9 6.0 Conclusion 13 7.0 Reference 14 8.0 Appendix 16 1.0 Introduction Suria KLCC is one of the world tallest and well-known buildings in world. Suria KLCC remains its position as leading retail centre in
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INTERNATIONAL STANDARD ON AUDITING 320 AUDIT MATERIALITY (This Standard is effective‚ but contains conforming amendments that become effective at a future date)* CONTENTS Paragraph Introduction ................................................................................................... Materiality ..................................................................................................... The Relationship Between Materiality and Audit Risk ................................. Evaluating
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Generally Accepted Auditing Principles Generally Accepted Auditing Principles There are many different types of audits including financial statements audit‚ the operational audit and the compliance audit. Either an internal auditor or an external auditor from another firm can conduct these various audits. “The American Accounting Association defines auditing as a systematic process of objectively obtaining and evaluating the accounts of financial records of a governmental‚ business‚
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population. d. perform none of the above. 5. One of the ways to eliminate nonsampling risk is through: easy a. proper supervision and instruction of the client’s employees. b b. proper supervision and instruction of the audit team. c. the use of attributes sampling rather than variables sampling. d. controls which ensure that the sample drawn is random and representative. 6. One cause of nonsampling risk is: easy a. ineffective use of audit procedures. a b. testing less than the entire
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ACC 411 Auditing Fall 2014 Instructor: Dr. Matthew J. Beck Office: N227 Business College Complex (BCC) Office Phone: 884-7611 E-mail: beckm@broad.msu.edu Course Web Page: d2l.msu.edu Course Texts: Prentice Hall – Auditing and Assurance Services – An Integrated Approach 15th edition. Arens/Elder/Beasley (Required) Please bring your textbook to each class session Class Hours: Monday / Wednesday 8:30 - 9:50 a.m. 119 Eppley Center Monday / Wednesday 10:20 - 11:40 a
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Auditing 300 Semester 1‚ 2012 Assessment one: Individual report Ethical issues in auditing Executive Summary This report provides an analysis of dealing with professional and ethical issues when offering auditing services. It gives a brief decision-making process model by first identifying the key issues and relevant standards involved in the case and then combining theories with reality and giving a short conclusion and some recommendations at the end. 1.0 Introduction Ethical
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and will eventually be assumed; the prefix “computer-assisted” will be omitted. The purpose of this paper is to provide information about CAATs. This paper describes CAATs‚ compares CAATs to traditional audit procedures‚ and discusses the costs‚ risks‚ and benefits of using CAATs. The paper also discusses specific types of CAATs such as data analysis software‚ the test data technique‚ utility software and the audit-expert system. It also brings up issues that the auditor may encounter‚ suggests
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Definition. Type 1 and type 2. Difference. 4. List the types of audit tests and how they relate to the audit risk model. TOC‚ substantive test‚ analytical procedure‚ test of details AR=IR‚ CR‚ and DR TOC: check the effectiveness of internal control ‚ CR high –predominately substantive procedure‚ more reliance on detailed substantive test. CR low—lower assessed level of control risk approach‚ more TOC‚ reduced reliance on substantive test. 5. ASA 700 requires the auditor to form an opinion
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Inherent risk Computerizing risk Non-routine transactions (Beasley 2010‚ p268) ‘Transactions that are unusual for the client are more likely than routine transactions to be incorrectly recorded‚ because of the client often lacks experience in recording them.’ Why it is risk: Santos use a series of computerizing or IT technology to support their business for increase market competition. IT technology has been used for trade ordering systems between customs and Santos. Customers can order
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