What is Relativism? Relativistic Stances Relativism can be considered as a philosophical stance which assumes that there is always a claim relative to a dependent or an independent parameter. A relative truth‚ a relative aspect of reality‚ a belief which is relative to a cause and relativistic ethics come under the dependent parameters category. On the other hand‚ independent parameters include factors that influence a relativistic stance such as time‚ gender‚ religion‚ location‚ state of mind
Premium Truth Relativism Religion
The SEC’s Case against California Micro Devices: A Lesson in Using Professional Skepticism and Obtaining Sufficient Appropriate Evidence 1. The third general standard‚ requiring the exercise of due professional care when practicing the audit and preparing the report‚ was violated since Michael and Brian didn’t take the responsibility to observe the standards of field work and reporting. In the case of the write-off of accounts receivable‚ they didn’t compare the information in the final press
Premium Accounts receivable Auditing Invoice
philosophy rather than theology.” (1) Descartes takes a different approach when arguing for skepticism through the method of Cartesian doubt. This method of doubting the truth of one’s beliefs became a characteristic staple in Descartes philosophical approach to prove that his method is the best method by going through his journey systematically and treating it like a mathematical equation. René
Premium Epistemology Metaphysics Plato
authors opinion of environment and nature as being the more influential‚ and why the author believes this. The paper gives examples of this opinion from outside sources. The paper concludes with the authors remarks about the importance of using skepticism when studying the nature/nurture problem and when approach psychological science in general. The paper cites sources
Premium Human nature Nature versus nurture Psychology
Standard on Auditing (ISA) 240 (Redrafted) of fraud and error‚ and the historical expectations of the audit role. It also defines the extent of auditor responsibilities for the prevention and detection of fraud‚ including the need for professional skepticism and discussion among the engagement team. The article then summarises the key risk assessment procedures required of auditors by ISA 240 (Redrafted)‚ and concludes that the traditional ‘watchdog not bloodhound’ philosophy regarding the extent
Premium Auditing Financial audit Risk
independence. There is a provision for other considerations that defines the reasonable person test for determining if there is a threat to independence. 1. 1. Professional skepticism is an attitude of a questioning mind and a critical assessment of evidence. 2. Will exercised professional skepticism in a number of ways. One example was not ignoring the use of two different color inks by the same person on the same day. He pursued further through a closer examination of the bills
Premium Audit Financial audit Deposit account
they hire or do business with are performing professionally and freely at the objective matters. 3. The auditor’s responses to the assessed risks of material misstatement‚ particularly fraud risks‚ should involve the application of professional skepticism in gathering and evaluating audit evidence. Therefore‚ Andersen’s final decision was not
Premium Auditing Audit Financial audit
The enlightenment was a time of scientific advances and skepticism of ancient practices. Enlightenment figures were less pessimistic regarding human nature. Previous thinkers‚ especially Christians‚ believed that humans were sinful by nature‚ and needed the grace of God. The enlightenment thinkers were less critical
Premium Universe Planet Sun
ZZZZ Best Company Fraud Case Study 1) At an early age‚ Barry Minkow was introduced to the carpet cleaning industry by his mother who worked part time as a telephone solicitor for a small carpet cleaning company. This insight of the industry allowed Minkow to understand that the carpet cleaning industry was one which had very few barriers to entry‚ no licensing requirements‚ and required only a small amount of capital to enter. Also‚ because of these few barriers to entry‚ the industry has historically
Premium Audit Barry Minkow Financial audit
Corp. (company) was calculating its reserve for sales returns. Financial Restatement Summary Medicis Pharmaceutical Corp. had to restate more than three years worth of financial statements in 2008 (Censuring E&Y‚ PCAOB Hits Firm’s Lack of Skepticism). According to an inspection by PCAOB of Ernst & Young (audit firm) they found that there was an inaccurate interpretation of FAS 48‚ "Revenue Recognition When Right of Return Exists." Medicis was using an exemption to that rule for expired
Premium Public Company Accounting Oversight Board Audit Generally Accepted Accounting Principles