SUMMARY OF THE INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF NIGERIAN ENAMELWARE PLC. NAME OF THE COMPANY: Nigerian Enamelware Plc. NAME OF THE AUDITORS: Akintola Williams Deloitte‚ Charted Accountant‚ Lagos Nigeria. SOURCE OF INFORMATION: Annual Report & Accounts 2012. SCOPE: The financial statement audited by the auditors include; the balance sheet‚ profit and loss account‚ statement of cash flow‚ value added statement‚ financial summary‚ significant accounting policies and other
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States. In this “gilded” time new inventions were being created‚ and factories were being revolutionized and more and more jobs were being created. With rapid population growth comes rapid growth of problems. Jobs were being created as fast as people were willing to fill them. Businesses everywhere were booming. But after a while‚ workers grew tired of the strict and demanding work conditions. Factory workers in this time were working in extremely poor conditions and had no power. Workers were often abused
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Why case studies? WHAT IS A CASE STUDY: A case study is a snapshot from a moment in time when businesses are facing key decisions PURPOSE: Case studies are meant to expose students to business scenarios and problems as well as help students develop the methodology to solve those problems How to Approach a Case Study? Read the prompt/given questions Read the case. Take preliminary notes What is the core problem? Write it out in 1-2 sentences Read through the case again. Find 3 alternatives and jot
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Appointment‚ Duties‚ Rights and Liabilities of Auditor Appointment: First Auditors a) The first auditors of a company shall be appointed by the directors within 60 days of incorporation of the company [252(3)] b) The first auditors will hold office till the first annual general meeting [252(3)]. c) If the directors fail to appoint the first auditors‚ the members shall appoint the first auditors‚ provided further that the auditors such appointed shall not be removed during the tenure expect
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In 1861‚ a world changing event began- the Civil War. The war’s effects and consequences were life-shaking and they consisted of death and reconstruction. It is a very debatable topic on whether the North or the South were the aggressors in starting the war. The causes of the Civil War include slavery and everything that came along with it‚ popular sovereignty‚ and the secession of the South. These incidents‚ slavery‚ popular sovereignty‚ and the South’s secession are the most significant reasons
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historical importance as Athens. In an age of conflict between the giant Persian empire and Greeks‚ the commercial giant of Athens was the focus of the struggle in the lengthy‚ violent Persian War. In these times‚ effective and ambitious political figures were the key to the defense and success of a state. Themistocles‚ a young‚ bright individual of Athens devoted his life to the success of the state and proved himself to be a worthy leader by developing a fortified naval fleet that made Athens the dominant
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Auditor Quality 1. Introduction Over the past 20 years‚ research has been carried out to interpret audit quality and still no agreement on the method of measurement for audit quality. This is because audit quality depends on individual understandings‚ and those conceptions rely on whose perspectives are taken into consideration. The International Auditing and Assurance Standards Board’s (IAASB) lately established Framework for Audit Quality (the Framework) in the purpose to systemize the
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Yongho Cho 8/26/2012 Weekly Memo #1: Should external/internal auditors be responsible for detecting client fraud? In 2001 Enron‚ the seventh largest energy company in 2001‚ filed for bankruptcy. The event named “Enron Scandal” is considered to be the most shocking incident in American economic history. Bring the country to the edge of disaster‚ the scandal was basically caused by securities fraud which Enron was charge with. The irrationality of accounting and auditing system encouraged U
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EXPLAIN THE RESPECTIVE ROLES AND RESPONSIBILITIES OF MANAGEMENT AND AUDITORS IN THE PREVENTION AND DETECTION OF FRAUD. The primary responsibility for fraud detection lies with management. This arises due to a contractual duty of care. Directors are able to discharge their duty toward prevention and detection of fraud and error in many ways‚ for example: * Complying with the Combined Code on Corporate Governance * Developing a code of conduct‚ monitoring compliance and taking action against
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maximum of four staff members‚ with final approval by a simple majority of the CSU Board. 2. The remaining two staff members must be chosen from current members of the CSU Physical Education Department‚ or hired through a valid‚ committee determined process involving the CSU faculty. B. Coach will be consulted on all six staff member salaries‚ with the final pay ruling determined by a simple majority of the CSU Board. C. After one year of the CSU football program‚ all hiring and firings will be
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