BSA 700: The Auditor’s Report on Financial Statements Prepared By Abdullah-Al- Mamun The auditor should review and assess the conclusions drawn from the audit evidence as obtained as the basis for the expression of an opinion on the financial statements. Basic Elements of the Auditor’s Report The auditor’s report includes the following basic elements ordinarily in the following layout: a) Title b) Addressee c) Opening or Introductory Paragraph- i) Identification
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importance of safeguarding children and young people and procedures for child protection. Everyone who works with children has a duty to keep them safe from abuse Here are the main current legislations‚ guidelines‚ policies and procedure. They are put in place for protecting and safeguarding children again abuse. Children Act 1989 This act aims to simplify the laws that protected children and young people in the UK. This makes it clear to all who work with children what their duties are and how they should
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record transaction data 2. Assess the risk of material misstatement in management’s financial statements 3. Classify and summarize recorded data 4. Obtain and evaluate evidence to respond to risks of material misstatement in the financial statements 5. Evaluate reasonableness of accounting estimates 6. Obtain reasonable assurance that financial statements are presented fairly in conformity with GAAP 7. Prepare financial statements per GAAP 8. Express opinion through auditor’s report
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There are many different guidelines‚ policies and procedures for safeguarding children and young people that will affect the daily work of practitioners working with them. These relate to Child Protection – Lakey lane‚ we have policies and procedures for safeguarding‚ which say that employees‚ students and volunteers should be meticulously checked for suitability verifying identity and academic or vocational qualifications‚ obtaining professional and character references‚ checking previous employment
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Understand How to Safeguard the Wellbeing of Children and Young People. Question 1 We use legislation‚ guidelines and policies and procedures to safeguard children. It is important that we use these guidelines as it does affect the way we treat and protect children in our care. Here are some guidelines‚ legislations and policies and procedures: * The children Act 1989 for England and Wales * The children Act 2004 * Children Order 1995 – Northern Ireland * Working together to Safeguard
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child’s wishes and feelings must also be taken into consideration in any court case and it is a key aim to preserve the child’s home and links to their family. Every Child Matters (England) - this policy was introduced in 2003 and was aimed at the well-being of children by providing support from birth to the age of 19. The main aims were to promote health‚ safety‚ enjoyment‚ achievement‚ to make a positive contribution and to have economic well-being.
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other disapproving behaviors. Evidence of ethical concern arises when both "sin" and "non-sin" products are involved‚ and it increases for consumers perceived to be more vulnerable. The authors discuss implications for marketing managers‚ researchers‚ and public policy. It is not surprisingto find
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Case Study: ZZZZ Best Company‚ Inc. 1. Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company’s quarterly statements for three months ended July 31‚ 1986. How does a review differ from an audit particularly in terms of the level of assurance implied by auditor’s report? Although a review is similar to an audit‚ it differs from an audit in its limited scope and assurances. The objective of an audit is to provide a reasonable
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Part 1 The purpose of Part 1 is to perform preliminary analytical procedures. You have been asked to focus your attention on two purposes of analytical procedures: Assess going concern and Indicate where there is an increased likelihood of misstatements Required for Part 1 Calculate at least ten ratios that are useful to assess going concern using Heritage’s financial statements‚ which are located on Blackboard‚ appendix 1 & 2. Document the ratios in a format similar to the following: Ratios
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Auditing‚ Attestation‚ and Assurance Name Class Date Instructor Auditing‚ Attestation‚ and Assurance What is Auditing‚ Attestation and Assurance? Auditing relates to the analysis of the financial statements‚ attestation relates to the financial information beyond the financial statements‚ and assurance relates to improvement of the reliability of the financial information within the financial statements. This paper will give examples of each type of service‚ who might request these services
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