3-29Audit Report (Case Study 3-29) Requirements For each situation‚ do the following; a) Identify which of the conditions requiring a deviation from or modification of an unqualified standard report is applicable. b) State the level of materiality as immaterial‚ material or highly material. If you cannot decide the level of materiality‚ state the additional information needed to make a decision. c) Given your answers in parts (a) and (b) ‚ state the appropriate audit report from the
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B. An unqualified opinion-If there is a doubt as to the continuance of an entity then an unqualified opinion should be issued either with an explanatory paragraph or a disclaimer. d. I. Describe the circumstances in an explanatory paragraph following the opinion paragraph without modifying the three standard paragraphs. 3. A principal auditor decides to take responsibility for the work of another CPA who audited a wholly owned subsidiary of the entity and issued an unqualified opinion
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The Columbian Exchange was the trafficking of goods‚ ideas‚ and disease between the Americas and Europe that took place during and after the Age of Exploration. From the Americas‚ Europe would get new crops such as corn‚ white and sweet potatoes‚ tomatoes and tobacco. Europe would also see some new diseases originating from the Americas‚ most notably syphilis. Though not as rich in large food animals as Europe‚ some New World animals would make their way back including turkeys. The major portion
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is especially terrible‚ because that angel is wholly spirit‚ who yet defies God‚ the ultimate perfection. The Great Chain of Being was a concept that was used very prominently during the 1500’s in France. During this time‚ absolutism was the main form of government. Absolutism was the idea that all sovereign power belongs to one king. The reason they King thinks he has this power is due to the ideas of divine right and the great chain of being. By using this idea‚ the King had complete authority
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CONSEQUENTIALIST ethical theories may be contrasted with DEONTOLOGICAL – or DUTY-BASED theories (such as Kant’s) Now‚ some ( but not all) deontological theories are versions of ABSOLUTISM - i.e the doctrine that some actions are so wicked that it would be wrong to commit such an action on any occasion at all whatever the consequences of not performing it might be.
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what to do or not do. It’s what you are on the inside that counts. 7.Which moral theory would probably justify the following question:"Should I commit adultery just this once‚ if no one will ever find out?" A. B. C. D. Utilitarianism Deontology Absolutism Virtue ethics Correct! Simple utilitarianism‚ the correct answer‚ would probably not condemn this action (unless the person thought a secret act of adultery would have harmful
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During the 17th century‚ Europe was the center of two competing types of government; Absolutism and constitutionalism. Would a single ruler or shared power be best for the people? John Locke and Jean Domat both have their own opinions on how a government should administer. Jean Domat is a political theorist who favors the idea of absolutism. He argues that individuals are given a certain rank in society‚ in other words‚ a type of predestiny. It was believed God assigned these ranks and picked
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Ethical issues in the retail pharmaceutical industry: An analysis of the ethical dilemmas faced within Chaguanas Drug Mart Limited Abstract: The ethical duty of a pharmacy is to promote a patient’s best interest. However‚ certain obvious ethical issues will arise. Within any business involved in bulk purchasing the issue of unconscious theft will also occur. The following paper focuses on the application of ethical theories that supports as well as argues the behavior within Chaguanas Drug Mart
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Deontology: (Deon=duty) -Absolute and universal moral duties regardless of consequences i.e. It is absolutely wrong to kill innocent human beings‚ to bribe or to tell lies. Universalism and absolutism: Universalism: moral principles apply to all people at all times under all circumstances Absolutism: there is a set of actions that are always morally right regardless of consequences and intentions While Deontology is universal and absolute‚ consequentialism is universal but argues that no moral
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groups have intentionally kept their people in poverty to ensure that their grip on power remains unshaken‚ i.e.‚ improving the lives of others might mean distributing their political power‚ or even losing their political and economic privileges that absolutism grants them. Examples of these case include the Communist Party of North Korea‚ and sugar planters of the colonial Barbados (Acemoglu et al‚ 2012). Others‚ such as the Soviet Union‚ established extractive institutions to further their political
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