ACT162 – B74 3/3/2013 2013 Antonio‚ Mark Earl Angelo P. ACT162 – B74 3/3/2013 Critique Paper #03: Completing the Audit and Post-Audit Responsibilities Critique Paper #03: Completing the Audit and Post-Audit Responsibilities Summary The first article of Moez Bennouri‚ entitled “Does Auditors’ Reputation ‘Discourage’ Related Party Transactions? The French Case” studies the relationship between the frequency of RPTs and the external auditors’ reputation. Regulators‚ standard setters and
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Compromised Positions by Katherine Bliss Summary Compromised Positions by Katherine Bliss discusses the politicization of female prostitution in regards to revolutionary social reform between 1910 and 1940 and why female prostitution played a vital role in this period of reform. Katherine Bliss delves into the issues of the public discussions and disputes over the legalization of sexual commerce‚ the regulation placed on the business by the State‚ and the inevitable spread of sexually transmitted
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THE WAR OF INDEPENDENCE-1857 • During the War of Independence the Governor General was Lord Canning. He had assumed the charge of his office in 1856. • Wajid Ali Shah was the Nawab of Awadh. He was sent on exile to Calcutta and his state was annexed by the British in April 1856. • Three-fourth of the infantry and nearly two-third of the whole Bengal Army was composed of the people from Awadh. • Maulvi Ahmadullah devised the distribution of chapatti scheme during his travels in
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Happy Independence Day 2013 Speech Model: 1 Independence day speech Honourable Chief Guest of the day‚ distinguished guests f or the occasion‚teachers‚ parents and all my dear f riends‚T his day 15th August of every year is a golden day engraved in the history of the world. We got f reedom on this date and it is a day worth a celebration. When we celebrate it hoisting the f lag‚ playing our National Anthem with f ervor‚ distributing sweets‚ we need to sail back into the past to remember and pay
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AUDIT EXPECTATIONS GAP Definition i) Liggio (1974a) defines it as the difference between the levels of expected performance as envisioned by the independent accountant and by the user of financial statements. The Cohen Commission (1978) on auditors’ responsibility extended this definition by considering whether a gap may exist between what the public expects or needs and what auditors can and should reasonably expect to accomplish. ii) According to Guy and Sullivan (1988)‚ there is a
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March 1962‚ the military led by General Ne Win took control of Burma through a coup d’état and the government has been under direct or indirect control by the military since then. A new constitution of the Socialist Republic of the Union of Burma was adopted in 1974. In May 1990‚ the government held free elections for the first time in almost 30 years and the National League for Democracy (NLD)‚ the party of Aung San Suu Kyi‚ won 392 out of a total 489 seats (i.e.‚ 80% of the seats). However‚
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financial statements are correct or not. B. Auditors must balance the cost of the audit with the need for precision. C. Auditors must limit their exposure to their client to maintain independence. D. The auditor’s relationship with the client is generally adversarial‚ so the auditor will not have access to all of the financial information of the company. 3. The basic purpose of a financial statement audit is to A. Detect fraud. B. Examine individual transactions so that the auditor may
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AUTOMATED ACCOUNTING Automated accounting is an approach to maintaining up-to-date accounting records with the use of accounting software. This software is often configured to allow for easy cross posting of receivable and payable‚ eliminating the need to enter multiple posting in order to keep accounting record in compliance with generally accepted accounting principles. Accounting as it exists today may be viewed as a system of assumptions‚ doctrines‚ tenets‚ and conventions‚ all encompassed
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Riordan Manufacturing Audit Risk CMGT/582 Riordon Manufacturing Audit Risk Introduction As Information Systems become more complex and business organizations become better prepared at protecting these systems so has the means in which attacks on these systems evolved. Many new issues have emerged and are changing the way in which or world views hackers and the chaos that these individuals can cause. The purpose of this section is to discuss some of the most visual and controversial of
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conscience-focused business world. WorldCom became one of the world’s largest long-distance telephone services. With Bernard Ebbers at the helm‚ the corporate giant went from Wall Street Darling to Wall Street Pariah because of unethical decisions. Ebber denied involvement and was rightfully sentenced to 25 years in jail. The need for ethical decision making has become increasingly evident in today’s fast-paced business environment. In the case of WorldCom‚ a national company that would provide
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