ACC 521-011 Example of Auditing Final Exam INSTRUCTIONS: 1. This exam consists of 6 questions‚ on 11 pages. Please answer questions #1. to #5. in the separate EXAM ANSWER BOOK‚ and answer Question #6 - Multiple Choice with explanations - in this book. 2. The time available is 3.0 hours. 3. The exam is worth 50% of your overall course grade. 4. Write your name & student number on the front of the test. 5. This is a closed book test. The only aid that may be used one of the calculator
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The definition of profession is an occupation requiring extensive education or specialized training. (Encarta World English Dictionary‚ 2009). I used to think that there wasn’t a difference between an Associate degree or diploma nurse and a nurse with bachelor’s degree‚ but there is a difference. An associate degree/ diploma nurse has more clinical experience then a nurse with a bachelor’s degree. A bachelor degreed nurse is in school longer‚ but is qualified for management level positions
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Nature and Purpose of Auditing Content : • Definition and objectives of auditing • Types of audits • Development of auditing • Qualities of an auditor • Auditing process Objectives : Students should be able to : • Describe the definition and the objectives of auditing. • Distinguish between different types of audits. • Briefly describe the development of auditing. • List and explain
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Part A 1) a)Although a client/company is engaged to perform audits for the 2nd year‚ it does not allow sufficient time for auditor to detect material misstatement. This is due to lack of experience in understanding of the company? Repeat engagement over the years to come would reduce inherent risk Thus‚ the 2nd year of audit would increase inherent risk. b)The bank requires that a/ the company’s interest coverage ratio should be above 9‚ in order to provide loans to the client. From the extract
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Chapter 1: Auditing: Integral to the Economy TRUE/FALSE 1. The need for assurance services arises because the interests of the users of information may be different from that of the interests of those responsible for providing information. ANS: T PTS: 1 OBJ: Demand for Assurances NAT: AACSB-Analytical skills | AICPA BB-Critical thinking 2. An audit of financial statements is a form of attestation service. ANS: T PTS: 1 OBJ: Auditing Defined NAT: AACSB-Analytical skills | AICPA BB-Critical
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Caitlyn Hair AP Language and Composition Professions for Women 21 January 2015 1. According to Virginia Woolf‚ what are two main obstacles to women’s professional identity? Are these still the two main obstacles‚ or does the contemporary women face different hurdles? Explain. The two main obstacles to women’s professional identify is the expectations of society and the expectations she has for herself. These obstacles still exist today but to a certain degree. In 1930 society’s expectation for
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Chapter 2 The CPA Profession ← Review Questions 2-1 The four major services that CPAs provide are: 1. Audit and assurance services Assurance services are independent professional services that improve the quality of information for decision makers. Assurance services include attestation services‚ which are any services in which the CPA firm issues a report that expresses a conclusion about the reliability of an assertion that is the responsibility of another party. The four
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"All professions have an identifiable knowledge base. Teaching has no such knowledge base‚ therefore‚ it is not a profession" Discuss this statement. There are different characteristics of what a profession entails of. Some characteristics‚ such as full graduate training are based on the more known professional modes such as law‚ medicine and engineering. The majority of critics have agreed on the similar aspects of an occupational group acquiring: a knowledge base‚ expertise in their field‚ a sense
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intuition; the nursing profession was not clearly defined during its genesis. As we see today‚ nurses complement the role of the physician in the execution of their medical duties. The nurses therefore follow through in treating a pathological problem. Therefore‚ early physicians must have gotten some help. “One might assume that a family member‚ particularly‚ the wife must have provided needed care.” (Ellis & Hartley‚ 2008‚ pp. 130). The perception of nursing as a profession is still haunted by
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Beginning the essay it may be mentioned that a profession is always considered as an occupation that needs wide-ranging training and the study and mastery and excellence of specialized knowledge‚ and usually has a professional association‚ ethical code and process of certification or licensing. Quoting the examples it may be mentioned that examples are librarianship‚ diplomacy‚ accounting‚ engineering‚ law‚ architecture‚ aviation‚ medicine‚ social work‚ pharmacy‚ finance‚ the military‚ the clergy
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