is it important for external auditor to be independent? Throughout the years‚ banks‚ shareholders‚ possible investors and creditors always relied on the financial statements produced by a company. Since the management of a company is producing these documents it has been assumed that the managers may act dishonestly so that their performance looks better. To monitor the company’s performance better the directors along with the shareholders employ external auditors to check all these financial
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external auditors to be independent? Relate your answer to the primary role of external auditors? By Zachariah Godfrey-Plews This essay has asked me to look at the importance of external auditors and why it is vital for them to remain independent. I will try and look at the many ways of the advantages of independent auditing from different perspectives for example the company itself‚ the general public and the state. I think it is important to first define what an audit and an external auditor to be
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Punitive Damages Trisha D. Bowman Civil & Criminal Justice Professor Connor Punitive Damages Punitive damages are those that have surpassed simple compensation and that have been awarded to punish the defendant. These damages are usually only awarded in special cases and in civil court cases. In some states‚ punitive damages are based on statute; in other states‚ they are based on case law. There is no maximum amount of money that a defendant can be ordered to pay. After researching different
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The Institute of Chartered Accountants in Australia Addressing Unit 3BACF Accounting & Finance The role and function of external auditors charteredaccountants.com.au The Institute of Chartered Accountants in Australia Government and the community The role and influence of governments and other bodies The role and function of external auditors Financial statements are used for a variety of purposes and decisions. For example‚ financial statements are used by owners to evaluate management’s
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conflicts. Being a parole officer‚ it is my duty to take action against parolee. Her actions are the serious detriments to the criminal acts. I would try to make some rationale kind of decision in this way. First of all I will approach to parolee in my duty of the officer and ask her that if she keeps committing these offended actions then I would take action against her and her children will be sent to the public authority or any other children take care house. She will not be able to meet her children
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Against Affirmative Action Affirmative action is accused of being a racist system and this is based on the assumption that we live in a post-racial society‚ meaning racism is no longer an issue in the United States. If racism is no longer a problem‚ then why does the government need to pass a program that only benefits racial minority group and doesn’t exclude hard-working Americans from employment and educations? An issue on discussing about affirmative action is that racism is a problem in the
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The Auditor Paper 6-8: According to the book‚ it is incredibly important to successfully complete the CPA exam in the first year. Jack Butler informs us that new staff members can greatly distinguish themselves by passing the CPA exam the first attempt because so few people manage to do so. Other benefits of this would include spending less time studying and more time working‚ financial benefits of not having to pay for additional attempts‚ and it is mandatory in order to move up in the company
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Prisons as Punitive or Rehabilitation The number of inmates in our prisons is increasing more every day. We need to find a more effective way of keep people from committing crimes and keep them out of our prison. The intervention of our prisons being punitive or rehabilitation in nature should change our prisoners. Restorative justice is a innovative movement for our prisoners to promote forward thinking (Furio‚2002). Of course it is difficult to look at a murderer with the equal belief. The thought
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Unit TDA 2.2 & MU2.4 What action should be taken if there is a fire in the setting? If there is a fire in the setting‚ the alarm should be raised at once and other members of staff notified. Call 999 for the fire brigade as soon as possible. On hearing the alarm and the children and everyone must evacuate the building in a calm manner via the nearest fire exit with your class and wait a designated waiting area safely away from the fire set by the setting. You should not stop for any belongings
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Deception is so prevalent in our society that it is deemed a natural phenomenon. In fact‚ deception is not only prevalent among children who are brought up in punitive environments but also among those who are raised in non-punitive environments. It also commonly manifests itself as camouflage which is meant for survival among animals. Additionally‚ it is especially very helpful for the young and the weak as a form of defense and hence helps them avoid physical danger and aggression from their predators
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