• 4-7 Procedures To Obtain An Understanding Of Internal Control And Related Documentation: - The auditor’s understanding of the client’s internal control is usually gained through the following procedures: - A- Prior experience with the entity: - This can be a major source of audit efficiency in recurring audits. Because systems and controls usually don’t change frequently or significantly from year to year‚ information obtained by the auditor in previous audits of the entity can be updated
Premium Internal control Audit Auditing
xx/xx/xxxx xacc/280 week 8 Checkpoint The collapse of Enron back in 2001 shows a number of unethical practice. This company shows unethical practice in accounting as well as business. This company is a perfect example on how unethical behavior of a few people can affect millions of individuals. This also affected these individuals for many years after. Enron was the first business to have nationwide gas pipeline networks. On November 8‚ 2001 Enron made an announcement in a SEC filing that
Premium Finance Decision theory Risk
Technology‚ Internal Control‚and Financial Statement Audits By Thomas A. Ratcliffe and Paul Munter In Brief ASB Tackles IT System Control Risk Modern data processing systems pose new‚ risk-laden challenges to the traditional audit process. Whereas it was once possible to conduct a financial statement audit by assessing and monitoring the controls over paper-based transaction and accounting systems‚ businesses have increasingly turned to electronic transaction and accounting systems. SAS
Premium Auditing
1. INTRODUCTION A. HISTORY OF VIRUS 1. AFRICA‚ ZAIRE 2. 1970 B. SYMPTOMS AND AFFECTS 1. BLEEDING‚ HEMORRHAGING 2. DEATH W/IN 20 DAYS C. CURES 1. NONE KNOWN D. INTERNATIONAL EFFORTS 2. HISTORY OF VIRUS A. WHERE IT STARTED 1. SCIENTISTS B. HOW IT IS SPREAD 1. NON AIRBORNE 2. BODILY CONTACT C. WHERE IT EXISTS TODAY 3. SYMPTOMS AND EFFECTS A. SEVERE FEVER‚ ABDOMINAL PAIN 1. INSIDES "MELT" B. DEATH RATES
Premium Ebola Marburg virus
CHAPTER 3 SYSTEMS DEVELOPMENT AND DOCUMENTATION TECHNIQUES SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 3.1 Data Flows: merchandise‚ payment‚ cash and register tape Date Source: customer Processes: capture sales and payment‚ give cash and register tape to manager Storage: sales file (register tape)‚ cash register 3.2 It is usually not sufficient to use just one documentation tool. Every tool documents a uniquely important aspect of a given information system. For example‚ system
Premium Data flow diagram
persistent depressive disorder‚ perinatal depression‚ psychotic depression‚ seasonal affective disorder and bipolar disorder. These different types can develop under certain circumstances‚ but all cannot be diagnosed until the symptoms are present for at least two weeks. Symptoms common in someone with depression include but not limited to: persistent sad or anxious mood‚ irritability‚ feeling hopelessness‚ loss of interest or pleasure in activities‚ decreased energy‚ difficultly making decisions‚
Premium Major depressive disorder Seasonal affective disorder
Summary for The failure of accounting research to improve accounting practice: a problem of theory and lack of communication Improve finical report in (AICPA‚ 1994) that provides evidence of final report is not efficiency to the user’s request. Some of the problem is from the failure of financial accounting to remain relevant. For the research of this paper‚ the author gives the definition of the research in Research is then designed and intended to use theory as a reference for the investigation
Premium Scientific method Science Research
Recommendations Based on (b)‚ the control environment sets the tone of an organization‚ influencing the control consciousness of its people. It is the foundation for all the other components of internal control‚ providing discipline and structure for the whole organization. It is important to an entity in the overall attitude and actions of managements. To overcome the weaknesses for the internal control system over sales‚ the company should have separation of the duties. The company should assign
Premium Management Ethics
What were the strengths and weaknesses of Sunshine’s current internal control system? “Internal control is broadly defined as a process designed to provide reasonable assurance regarding the achievement of effectiveness and efficiency of operations‚ reliability of financial reporting and compliance with applicable laws and regulations”(COSO.org‚ 2012). Internal control can help an entity achieve its performance and profitability targets‚ and prevent loss of resources. The Committee of Sponsoring
Premium Internal control
A) Main point one: The long term effect of lack of sleep is bad judgment and Forgetfulness. 1) Subpoint 1 : Bad judgment is caused by lack of sleep. i. Sub-sub point * Science daily (Mar ‚ 2 ‚2007)-research has shown that bad sleep can adversely affect a person’s physical health and emotional well-being. However‚ the amount of sleep one gets can also influence his or her decision-making. A study published in the March
Free Sleep Sleep deprivation Sleep disorder