assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
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Introduction Government is undergoing one of the major challenges in governance in the public sector. The increasing demands for efficiency and the global pressures of a competitive driven market have transformed the way we do business today. This pressure is ever eminent in the evolution of public management‚ creating a public sector reform that challenges the role of government in society and the relationship between government and its citizens. There are many definitions of governance‚ depending
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Accounting Information Systems‚ 12e (Romney/Steinbart) Chapter 1 Accounting Information Systems: An Overview 1) Which of the following statements below shows the contrast between data and information? A) Data is the output of an AIS. B) Information is the primary output of an AIS. C) Data is more useful in decision-making than information. D) Data and information are the same. Answer: B Page Ref: 4 Objective: Learning Objective 1 Difficulty : Easy AACSB: Analytic 2) Information
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must make know job description and authorities to the clerk. Because the duty of clerk on this case is only record the activities happen. If all the job done by the clerk‚ the clerk can make a manipulation or some fraud for example‚ that the clerk issue a check but the check is not for the employee but for the clerk. So we must have someone to control the clerk and cut it out when some mistake happen. And to solve this case we can also order someone to be the HR manager to make this case more secure
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Universiti Tenaga NasionalCollege of Business Management and Accounting
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Internal Control and Accounting Systems Learning Area Overview Welcome to this learning area overview for Internal Control and Accounting Systems‚ prepared by AAT. In this overview we’ll explain what Internal Control and Accounting Systems is all about‚ and how it fits into the bigger picture of the AAT Accounting Qualification. We’ll explore the main topics you can expect to cover‚ and how the knowledge and skills you’ll pick up will be of practical use to you in the workplace. Finally‚ we’ll
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identify the existence of audit committee and the practice of corporate governance in public sector entities. The requirement of audit committee and corporate governance has been increase in the corporate sector and also in public sector but there are small differences in the implementation between this two sector that has been discuss in this study. This study also discuss about the characteristic of audit committee‚ effectiveness of audit committee‚ the roles of audit committee and a few past studies
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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 an average of 4.33 times in 2009 and 3.97 in 2011. 3. Ace moved its inventory from a central warehouse to five new regional warehouses in March 2011. 4. Inventory represented
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INTRODUCTION TO PUBLIC SECTOR ACCOUNTING Public Sector Accounting is related to government and different from private sector accounting. Accounting and financial reporting for public sector are based on distinctive concepts‚ standards‚ and procedure designed to accommodate their environment. This also based on the needs of their accounting information users. Derbyshire (1987) defined a public sector as a device for regulating human activities so that men and women can live together in reasonable
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Government: this word is used to define the system that maintains the state and her people. This system is run by officials who‚ hopefully‚ have the nation ’s best interest at heart; but these best interests for a country often find themselves conflicting in their particular perspectives. In the novel Brave New World by Aldous Huxley‚ the government has chosen to preserve the interest of state and this dystopia is the result of mankind choosing the wrong faction in the conflict of interest. To clarify
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