29‚ No. 2 November 2010 pp. 115–140 American Accounting Association DOI: 10.2308/aud.2010.29.2.115 Do Abnormally High Audit Fees Impair Audit Quality? Jong-Hag Choi‚ Jeong-Bon Kim‚ and Yoonseok Zang SUMMARY: This study examines whether and how audit quality proxied by the magnitude of absolute discretionary accruals is associated with abnormal audit fees‚ that is‚ the difference between actual audit fee and the expected‚ normal level of audit fee. The results of various regressions reveal
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Nawaz Sharif: After Pakistan Elections‚ New PM Facing Desperate Challenges Against New Government Few national elections have faced as many security challenges as the recent election that took place last Saturday in Pakistan. The pre-election campaign season had seen its share of high-profile assassinations as well as terrorist attacks on public gatherings and even state-run installations. Adding to the public anxiety is the fact that this election presented a novelty to the Pakistani state: it
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Audit Process Typically an audit flows through a series of logical steps culminating in the ‘Audit Report’. Background Research Preparation of the Audit Plan Accounting Systems review Internal Control System review Substantive Testing Analytical review techniques Analytical review of financial statements Preparation and signing of the Audit Report Background Research 1. Present condition and future prospects for the industry 2. History‚ present and future prospects
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INTERNAL AUDIT 1 Internal audit ‘Internal audit’ is an appraisal activity established by management for the review of accounting and internal control systems as a service to the entity. It reviews‚ monitors and make recommendations for the improvement of systems. Other activities include: Examination of financial information Review of economy‚ efficiency and effectiveness (‘value-for-money’ audits) Review of compliance with external laws and regulations Review of internal policies Review
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INTERNATIONAL STANDARD ON AUDITING 320 AUDIT MATERIALITY (This Standard is effective‚ but contains conforming amendments that become effective at a future date)* CONTENTS Paragraph Introduction ................................................................................................... Materiality ..................................................................................................... The Relationship Between Materiality and Audit Risk ................................. Evaluating
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Ch. 2. Professional Standards 2-1. Generally Accepted Auditing standards (GAAS) -Audit procedure -Audit standard 2-2. Fundamental Principle: Responsibilities -Competence and Capabilities -Independence and Due care --Independence in fact --Independence in appearance -Professional Skepticism and Professional Judgment 2-3. Fundamental Principle: Performance -Reasonable Assurance -Planning and Supervision --Audit plan -Materiality -Risk Assessment --Internal Control --Risk of Material misstatement --Inherent
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.....................2 Social accounting as a concept.................................................................................................2 `Social accounting` definition The development of the concept The reasons of producing such reports nowadays Principles of good social accounts Global standards for social and environmental reports Critical evaluation of The Goodyear Tire & Rubber Company and The Yokohama Rubber Company on `Social accounting`...............................
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Title of Paper Your Name Course/Number Date Instructor Name (Doctoral students must include the following on the title page instead: title‚ author’s name‚ and institution name) Title of Paper Begin your paper here. Double space the entire document. Be sure to indent the first line of each paragraph between five and seven spaces by pressing the Tab key one time on the keyboard. Happy writing! Level One Heading Our company Riordan was established in 1991 and has
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To what extent is obesity a public health issue and in what ways might psychologists contribute to the resolution of problems arising from it? We are‚ according to most public health authorities‚ in the midst of a pandemic of “globesity”‚ (global obesity) a term coined by the World Health Organisation in 2001. The question remains whether globesity is a disease itself‚ a symptom of underlying physiological or psychological illnesses or even a sign of social excess and therefore not a disease
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Issues: The issue right now to the current situation of the public sector hospital is that Public sector hospital has limited resources to offer‚ compare to private. Ex. (high salaries‚ job promotion and additional worker‚ ) so How to be competitive? ‚ We wont be able to compete with private sector due to what private sector hospital provides is more based on extrinsic factor. So what we have to do is to work on intrinsic factor such as development‚ responsibility and create positive
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