Page number Executive summary 4 Introduction 5 Audit in brief: 6 History of auditing profession in Bangladesh 6-10 Ending summary 10-11 conclusion 11 Executive summary: The development of auditing profession in an emerging economy Bangladesh is analyzed here. This report aims to discuss the historical background and evolution of auditing. It is found that auditing has evolved through a number of stages. In the mid 1800s to early 1900s‚ the audit practice was considered as traditional conformance
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ACL ADMINISTRATION PAYCHECK FILE How many records are there in database? There are 147 records in the paycheck file. How many data validity errors are there in the database? There were no validity errors in the database; all records are entered into the system‚ thus makes it all valid. What are the following totals? Gross Pay (TOTAL_GROS) = 178‚831 Taxes withheld (TOTAL_TAXE) = 36‚584 Deductions withheld (TOTAL_DEDU) = 24‚947 Net Pay (NET_PAY) = 117‚292 EMPLOYEE FILE How
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Week 5 Critical Thinking Questions 1. If economic conditions require you to accept a job that is not exactly what you are aiming for‚ how can you best approach the new job? What are the benefits of doing so? I try to do everything to my best ability. Most people have to go through a few jobs they didn’t want or didn’t particularly care for to get to where they wanted to be. Many top executives recall a time where they had to work at fast food restaurants to pay the bills. By accepting the job you
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1 Chapter 7: Audit Evidence I. Definition: Evidence – information used by the auditor to draw conclusions on the fair presentation of the financial statements. Audit objectives suggest the types of evidence to accumulate. II. Decisions on evidence accumulation A. Which audit procedures to use. General Objectives: Six TRAOs Eight BRAOs Four PDAOs Accounting Cycles: Five Management Assertions Specific Objectives: At least: Six TRAOs Eight BRAOs Four PDAOs Audit Procedures: At least one
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Task 1: Values and principles which underpin planning and support “Explain how the application of relevant principles and values will enable professionals to provide holistic support for individuals who use social services.” (P1) Holistic support is providing care by a holistic approach to improve an individual’s quality of life not only physically but also intellectually‚ emotionally‚ socially‚ culturally and spiritually. Values are beliefs people are about what is important and morally right
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CHAPTER 20 Audit of Cash Balances Copyright 2003 Pearson Education Canada Inc. 20 - 1 What are the auditor’s primary concerns with regard to cash? Copyright 2003 Pearson Education Canada Inc. 20 - 2 What are the auditor’s primary concerns with regard to cash? - existence Copyright 2003 Pearson Education Canada Inc. 20 - 3 What are the auditor’s primary concerns with regard to cash? - existence - completeness Copyright 2003 Pearson Education Canada Inc
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AUDITING THEORY 1. Which of the following activities is an analytical procedure an auditor would perform in the final overall review stage of an audit to ensure that the financial statements are free from material misstatement? A. Reading the minutes of the board of directors’ meetings for the year under audit. B. Obtaining a letter concerning potential liabilities from the client’s attorney. C. Comparing the current year’s financial statements with those of the prior year. D. Ensuring that
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SEMESTER 1‚ 2013 SEMINAR 9 - PROBLEM QUESTIONS PROBLEM 9.1 While assessing the risk of material misstatement and determining the appropriate response with regard to the 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
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Chapter 1—Communication Skills as Career Filters MULTIPLE CHOICE 1. Communication skills a. are not as important as technical skills for career success. b. are not necessary in today’s competitive job market. c. are ranked by recruiters at the top of qualities they most desire in job seekers. d. cannot be learned; they are innate. ANS: C Studies confirm that recruiters rank communication skills at the top of qualities they most desire in job seekers. Your ability to communicate will make you
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Soft skills – A vital aspect in career growth Soft skills is a sociological term relating to a person’s “EQ” ( Emotional Intelligent Quotient)‚ the cluster of personality traits‚ social graces‚ language‚ communication‚ personal habits‚ friendliness‚ and optimism that characterize relationship with other people. It is often said‚ hard skills are required to receive an interview call but soft skills are needed to get or retain the job or for further career growth. Hence‚ soft skills complement
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