the circumstances and opinion expressed by an auditor‚ where he is unable to obtain sufficient audit evidence. 2. Auditors of M/s Santa Banta (P) Ltd. were changed for the accounting year 2010-11. However there was no change in the position of closing stock which remained at ` 400 lacs . The auditors of the company propose to exclude the audit of closing stock of ` 400 lacs from their audit programme on the understanding that it pertains to the preceding year which was audited by another
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1 Chapter 7: Audit Evidence I. Definition: Evidence – information used by the auditor to draw conclusions on the fair presentation of the financial statements. Audit objectives suggest the types of evidence to accumulate. II. Decisions on evidence accumulation A. Which audit procedures to use. General Objectives: Six TRAOs Eight BRAOs Four PDAOs Accounting Cycles: Five Management Assertions Specific Objectives: At least: Six TRAOs Eight BRAOs Four PDAOs Audit Procedures: At least one
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2012 Business Analysis Part I Microsoft is ranked 37 in the Fortune 500 list of companies (CNN‚ 2012). It is the world’s largest software company (Turits & Wesman‚ 2012)‚ and is composed of five separate divisions: Windows‚ Business‚ Servers and Tools‚ Entertainment and Devices‚ and Online. Investors should look at how a company meets the needs of its stakeholders and perform a strength‚ weakness‚ opportunity‚ and threat (SWOT) analysis. By looking at how Microsoft meets the needs of its stakeholders
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CHAPTER 20 Audit of Cash Balances Copyright 2003 Pearson Education Canada Inc. 20 - 1 What are the auditor’s primary concerns with regard to cash? Copyright 2003 Pearson Education Canada Inc. 20 - 2 What are the auditor’s primary concerns with regard to cash? - existence Copyright 2003 Pearson Education Canada Inc. 20 - 3 What are the auditor’s primary concerns with regard to cash? - existence - completeness Copyright 2003 Pearson Education Canada Inc
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Microsoft Excel 2007: Create a macro by using Microsoft Visual Basic | Add to Favorites | In Microsoft Excel 2007‚ macros can be created using Microsoft Visual Basic. The following will show you how to create a macro using Microsoft Visual Basic: 1. If the Developer tab is unavailable‚ complete the following to display it: a. Click the Microsoft Office Button‚ and then click Excel Options. b. In the Popular category‚ under Top options for working with Excel‚ choose
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AUDITING THEORY 1. Which of the following activities is an analytical procedure an auditor would perform in the final overall review stage of an audit to ensure that the financial statements are free from material misstatement? A. Reading the minutes of the board of directors’ meetings for the year under audit. B. Obtaining a letter concerning potential liabilities from the client’s attorney. C. Comparing the current year’s financial statements with those of the prior year. D. Ensuring that
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Page number Executive summary 4 Introduction 5 Audit in brief: 6 History of auditing profession in Bangladesh 6-10 Ending summary 10-11 conclusion 11 Executive summary: The development of auditing profession in an emerging economy Bangladesh is analyzed here. This report aims to discuss the historical background and evolution of auditing. It is found that auditing has evolved through a number of stages. In the mid 1800s to early 1900s‚ the audit practice was considered as traditional conformance
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Microsoft VDI Technical Proposal CYQUENT Ref: DXB-ATG-12004-SOW 5/20/2012 Prepared for Al Tayer Group Prepared by Lakmal Perera * Contents 1 Introduction 3 2 Section 1 – Solution Overview 4 2.1 Areas within Scope 4 2.2 Areas Out of Scope 4 2.3 Summarized Bill of Materials 5 2.3.1 Server and Software 5 3 CYQUENT Profile 6 3.1 Our Vision 6 3.2
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SEMESTER 1‚ 2013 SEMINAR 9 - PROBLEM QUESTIONS PROBLEM 9.1 While assessing the risk of material misstatement and determining the appropriate response with regard to the inventory of Ace Computers Ltd (Ace) for the year ended 30 June 2011 audit‚ you become aware of the following information: 1. The best-selling computer presentation package has been experiencing a high level of returns owing to suspected software problems. 2. Based on closing inventory‚ inventory turned over
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Term Report Microsoft Surface Table Acknowledgements We would like to express our deepest appreciation for our professor‚ Dr. Michael Kamins. It would have been practically impossible for us to pursue this project without his invaluable advice and guidance. We would also like to thank our classmates for encouraging us during our presentation and providing great advice to improve our project. We would also like to thank the Stony Brook College of Business for allowing us to use the
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