Current Problems of the Philippine Educational System 1. The government only spends 12percent of the national budget for education that is far from the suggested cut of the World Bank which is 20%. Our finance to education is very far from other Asian countries like Malaysia and Thailand. 2. Lack of well-trained teachers and classrooms to cut down number of students. 3. Low salaries of teachers. 4. The government is very slow in giving quality and standardized education to provinces. They
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share On Allotment Rs.4/- per share & Rs.2/- premium On Final Payment Rs.5/- per share & Rs.2/- premium Overpayments on application were to be applied towards sum due on allotment. Where no allotment was made money was to be returned in full. The issue was oversubscribed to the extent of 13‚000 shares. Applicants for 12‚000 shares were allotted only 1‚000 shares and applicants for 2‚000 were sent letters of regret. All money due on allotment and final call was duly received. Make the necessary entries
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GREAT ZIMBABWE UNIVERSITY FACULTY OF COMMERCE DEPARTMENT OF ACCOUNTING AND FINANCE COURSE CODE: AC211 COURSE TITLE: AUDITING THEORY AND PRACTICE ASSIGNMENT FIRST SEMESTER 2014 QUESTION 1 Brian Ltd was formed on November 2013 in order to manufacture microchips. The directors are unsure of their responsibilities and the nature of their relationship with the external auditors. The audit partner has ask you to visit the client and explain to the directors the more fundamental aspects
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any audit? Explain clearly 4) What is professional clearance? What is the importance of professional clearance in auditing? 5) An audit fee is an auditor’s remuneration. In what ways can the aspect of audit fees affect auditors’ independence? 6) Explain clearly the ethical codes that are required of any professional auditor? 7) Audit planning is an important input in the auditing assignment‚ discuss. 8) Assume you are an experienced auditor with an audit firm in Dar. Your senior has requested
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Chapter 1 An overview of auditing Multiple Choice 1. The three major professional accounting bodies in Australia are: a. ICAA‚ CPA and ASIC. b. CPA Australia‚ NIA and AARF. c. ATO‚ AUASB and ASIC. d. ICAA‚ CPA Australia and NIA. The correct option is d. Feedback: Section 1.3 The auditing environment 2. Which body has a mission ‘to develop‚ in the public interest‚ high-quality auditing and assurance standards and related guidance to enhance the relevance‚ reliability and timeliness
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Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 2‚ No 4‚ 2011 www.iiste.org Compliance of IAS-30: A Case Study on the Specialized Banks of Bangladesh Md. Shamim Hossain (Corresponding author) School of Business and Economics‚ Manarat International University Plot # CEN 16‚ Road # 106 Gulshan‚ Dhaka-1212‚ Bangladesh E-mail: samimhosain@yahoo.com Mobile No.: +8801927652385 Abdul Alim Baser Brac Business School‚ Brac University 66 Mohakhali Dhaka
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Current Ethical Issue Paper Brenda Kinderman XMGT/216 September 19‚ 2010 The organization that I will be using to create an ethical organization profile will be Kudler Fine Foods. Kuddler provides the finest wines and food in three different locations also offers many delicious and different ingredients from around the world‚ a bakery‚ meat & seafood‚ produce‚ cheese & dairy and wine. Kathy Kudler is the creator of the gourmet food shop; her vision was much more than opening a
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control risks that have an impact on the financial reporting framework in an organization. Q2 (a) Outline four audit procedures you would carry out to verify the following items: i. Leased property ii. Goodwill (b) Makau and Associates‚ an accounting firm‚ are the auditors of Eastview Petroleum Ltd. For the year ended 31 December 2012. You are a member of the audit team and the following information relates to the client: 1. The company has six petrol stations located in different parts of
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expectations Stock ownership benefits Retirement benefits Performance based bonuses Maintain growing stock price Maintain industry leadership Maintain reputation Opportunities: Able to use a lot of estimates in depreciation of PPE (over 1/2 of assets) Accounting firm (Arthur Andersen) thought of Waste Management as a crown jewel and would be lenient to keep from losing their account‚ working together since before 1971. Lot of former Andersen employees were working at Waste Management CFO and CAOs all former
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world has differed widely. The International Accounting Standards Committee Foundation (IASCF) is committed to developing‚ in the public interest‚ a single set of high quality‚ understandable and enforceable global accounting standards that require transparent and comparable information in general purpose financial statements. The various pronouncements of the IASCF are sometimes collectively referred to as International Financial Reporting Standards (IFRS) GAAP. Required: (a) Describe the
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