compliance is required of federal contractors and subcontractors. These requirements are enforced by the Office of Federal Contract Compliance Programs (OFCCP) who reports to the U.S. Department of Labor. These additional requirements are the Executive Order 11246‚ Section 503 of the Rehabilitation Act and Vietnam Era Veterans’ Readjustment Assistance Act of 1974. Executive Order 11246 establishes the requirement for Affirmative Action and forbids Federal contractors and subcontractors from employment
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Data Recovery Book V1.0 (Visit http://www.easeus.com for more information) DATA RECOVERY BOOK V1.0 FOREWORD ---------------------------------------------------------------------------------------------------------------------The core of information age is the information technology‚ while the core of the information technology consists in the information process and storage. Along with the rapid development of the information and the popularization of the personal computer‚ people find information
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Audit Program Design Part III AUDIT PROGRAM DESIGN PART III Inventory and Warehousing Cycle The audit of the inventory and warehousing cycle is designed to test inventory counts‚ processes‚ and operations. The classes of transactions in this cycle include sales‚ value of inventory‚ cost of goods sold‚ sales returns and allowances‚ and estimates of allowance for slow moving inventory. Tests of Controls and Substantive Tests of Transactions Table WK6-1 displays the interrelationships of
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Interim An audit which conducted in between the two annual audits with a view to find out interim profits to enable the company to declare an interim dividend is known as Interim Audit. It is a kind of audit which is conducted between the two periodical or balance sheet audits. Objectives Of Interim Audit 1. To know profit or loss of interim period. 2. To distribute interim dividend. 3. To get loan on the basis of interim account. 4. To get information about the financial position
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which exceeds materiality of $50‚000. c. The auditor should either propose an audit adjustment so that the unadjusted statement amount is less than materiality‚ and/or perform more testing to obtain a better estimate of the population misstatements. The additional testing will likely focus on receivables and inventory because they have the largest estimated misstatements. 9-28 a. The following terms are audit planning decisions requiring professional judgment: Preliminary judgment about materiality
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My Experience with Celebrate Recovery By Leonardo Martinez After considering all of the recovery support program options to choose from I attended a Celebrate Recovery (or CR as they call it) meeting in Concord. The first thing that I noticed was that‚ while they are scattered throughout Northern California‚ the meetings were usually on a single day of the week in one city location – that is Concord only had Thursday nights‚ and Castro Valley only Wednesday nights‚ etc. The meetings are also
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Fundamental concepts of f/s audit Materiality misstatement of accounting information. is a matter of professional judgment Audit risk The auditor expresses an inappropriate audit opinion when the financial statements are materially misstated‚ Evidence (more than “per discussion with client) Major phrases of audit: Client acceptance/continuance; Preliminary engagement activities; Establish materiality and assess risks; Plan the audit ;Consider and audit internal control; Audit business processes and
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Q1 - What is the relationship between the risk assessment process and the collection of audit evidence? The risk assessment process happens at the very beginning of the engagement and is to determine the level of risk present in the company. The risk assessment phase is when the auditor assess the client’s situation‚ conducts an independence threat analysis and decides whether to accept the client or not. The risk assessment is influenced by various factors such as the degree to which external
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The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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The United Nations (UN) predicts world economic output will shrink by as much as 0.4% in 2009 (UN ’s World Economic Situation and Prospects Report‚ 2009). These are serious times‚ however‚ the industry needs to be prepared to contribute to the recovery by retraining workers‚ maintaining the highest of standards of quality and supporting innovation. Construction professionals must not lose sight of their commitment to issues of sustainability‚ health and safety‚ ethical business practices and improved
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