1. If a CPA recklessly departs from the standards of due care when conducting an audit‚ she or he will be liable to unknown third parties based on a. strict liability c. negligence b. gross negligence d. breach of contract 2. Under the common law‚ which of the following statements most accurately reflects the liability of a CPA who fraudulently gives an opinion on an audit of a client’s financial statements? c. The CPA is liable only to third parties in privity of contract
Premium Internal control Financial audit Auditing
Introduction Activity Based Costing (ABC) addresses internal operating concerns and is an augmentation to the traditional cost management system. It is not a replacement for traditional accounting‚ but makes use of the source documents provided from standard job costing systems. ABC looks at a business unit’s events as cost drivers and assigns all company resources and accumulated costs against those events in a time-phased sequence. Revenue tracking provides management with a different point
Premium
Values and Ethical Standards I come from a home that was family oriented at least to the public eye. The negativity in my life shaped me to value the positive aspects of what I would like my life to be. My mother was a recovering alcoholic and a push-over‚ my step-father was an ex-con and racist‚ my biological father was handicapped but brilliant‚ and my step brother and sister were spoiled and defiant! I grew up in East Palo Alto‚ California the murder capitol of the nineteen-nineties and the
Premium Sociology Morality Religion
Leadership Qualities of an Executive Chef Frankie Miranda Georgia Northwestern Technical College An Executive Chef is one who is in charge of the entire function of the kitchen which includes; menu creation‚ staff management‚ scheduling‚ payroll‚ ordering‚ and plate design. From this definition it is clear that to be a successful Executive Chef‚ one cannot rely on their abilities in Culinary Arts alone; they must also possess exceptional leadership qualities. A successful leader is one
Premium Chef Leadership
THE INSTITUTE OF FINANCE MANAGEMENT (IFM) FACULTY COMPUTING‚ INFORMATION SYSTEMS AND MATHEMATICS DEPARTIMENT OF COMPUTER SCIENCE DIPLOMA IN INFORMATION TECHNOLOGY 2013/2014 REPORT TITLE: BUSINESS LAPTOP CENTER WEBSITE ASSIGNMENT NAME FAUZIA NCHIRRAH RAMADHANI SHABANI M REG. NO DIT/13/63597 DIT/13/73601 LECTURE; HERMAN MANDARI MR BY FAUZIA NCHIRRAH RAMADHANI SHABANI M. This is the assignment report is submitted to the lecture
Free Computer Information technology
Under attestation engagement‚ an evaluation of subject matter would have already been conducted by the responsible party against a set criteria. As this evaluation is usually given in the form of a report issued to the intended users by the responsible party. This report is actually a claim by the responsible party of a fair evaluation of subject matter. On that assertion made by the responsible party practitioner is asked to confirm whether such assertion of evaluation is fair or not. An engagement
Premium Auditing Financial audit
In addition‚ Executive Management should promise to study and then modify the sales-force management practices to more closely match the current size of the company. These changes will actively encourage the sales-force to continue providing the “industry leading” customer service they have provided‚ monitor very closely that none of the sales-force works any uncompensated hours‚ and implement both sales and non-sales time for clocking-in. Furthermore‚ Executive Management will provide
Premium Marketing Customer service Department store
1. Executives were stupid? It is common to say that the CEO and other executives were stupid. Not likely‚ CEOs and others almost always have great track records in their relevant businesses. Chosen over their peers for being the most able and most competent. Often times come from Ivy League schools and having MBAs and PHDs. Not likely that the executives of failed companies are unintelligent. 2. Executives couldn’t have known what was coming. Even the best executives can be caught off guard by unforeseen
Premium Management Corporation Finance
Topic Gateway Series Activity Based Costing Activity Based Costing Topic Gateway Series No. 1 1 Prepared by Stephanie Edwards and Technical Information Service Revised November 2008 Topic Gateway Series Activity Based Costing About Topic Gateways Topic Gateways are intended as a refresher or introduction to topics of interest to CIMA members. They include a basic definition‚ a brief overview and a fuller explanation of practical application. Finally they signpost some further
Premium Management accounting Cost accounting Activity-based costing
described the role of a non-executive director as ‘custodian of the governance process.’ A non-executive director (NED) sits on the board of company just as a normal executive director would do so‚ however a non-executive director does not form part of the executive management team of the company. Essentially they are not an employee of the company or affiliated in any way other than their role as an independent NED. The distinction between a non-executive director and an executive director is illustrated
Premium Corporate governance Board of directors Executive director