which are not covered in this revision guide‚ may appear in the exam. 2. You should refer primarily to other material‚ such as textbook‚ lecture notes and class exercises. 3. When you use this guideline‚ try to understand the fundamental principles and please don’t try to memorize the information. Topic 3B- Management assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances
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The recommendation for the PROFITEL INC Company The company’s newly appointed Ceo lars Peeters uses the transformational leadership to bring the drastic change to the company by increasing the profit margin of the company by investing in the latest wireless broadband technology. But this have caused drastic changes taken by the company such as the company have to cut off the work force by 5% due to the increase cost‚ reduction of peripheral service of the company which Push the customer to old technology
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1 Topps Company‚ Inc. Harold B. Peterson ACC 281: Accounting Concepts for Health Care Professionals Catherine McBride 05/27/2013 Topps‚ 2 A. What was Topps’ inventory turnover ratio and average days to sell inventory for 2006 and 2005? In order for one to completely understand what inventory turnover ratio
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The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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Oilwell Cable Company‚ originally known as Chord Cable Company out of New Jersey‚ has been acquired by new management and relocated in Lawrence‚ Kansas. Original manager behind this move was Gino Strappoli‚ who came up with a corporate structure that determined company’s success. His vision of the company was for everyone to have some responsibility‚ all the way down to the workers in production. One of the reasons behind this approach was that this was a continuous manufacturing process that involved
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Burlington Bees[1] Using Analytical Procedures as Substantive Tests OBJECTIVES Use analytical procedures to develop expectations for revenue accounts Recognize factors that lead to precise expectations of account balances Appreciate the degree of professional judgment involved in evaluating differences between expected and reported account balances Understand the audit planning implications of using analytical procedures as substantive tests of account balances Burlington Bees‚ an
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1. What are the main factors/HRM procedures that have contributed to the success of Google?2. Describe some of the negative aspects of Google’s culture. Do you think Google need to change its culture-and‚ if so‚ in what ways?IntroductionIn 1998‚ Google.com establish by two Stanford students abolished their postgraduate study. Now become worldwide biggest search engine on the internet with 82 million users per month have access to more than 8 billion web pages. Larry Page and Sergey Brin opened their
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Cervas‚ Edrich Manguni‚ Jasper Ventura‚ Rianna 2-13 Argumentative Essay: Additional fare‚ additional problem for students and parents The LRT and MRT fare hike has been the issue in the senate recently. It has been discussed that it is for the improvement of LRT and MRT operations. It is also for the additional budget for social services and infrastructure development. However‚ the 1.2 million daily passengers of the railway transit find it unfair. They are complaining about the negative
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Panera Bread Company (2010) Company Strategic Audit Contents Intro 3 Strategic View and Decision Making 3 Growth Strategy 4 Market development 4 Market penetration 5 Product development 5 Differentiation (according to Porter) 5 Vertical Integration 6 Concentration Strategy (Focus Strategy) 6 Competitive advantage 7 Core Competencies 8 Business portfolio 9 Business development 10 Abell type model: 11 Customer Groups: 11 Technologies: 11 Needs of customers:
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are $58‚000‚ which exceeds materiality of $50‚000. c. The auditor should either propose an audit adjustment so that the unadjusted statement amount is less than materiality‚ and/or perform more testing to obtain a better estimate of the population misstatements. The additional testing will likely focus on receivables and inventory because they have the largest estimated misstatements. 9-28 a. The following terms are audit planning decisions requiring professional judgment: Preliminary judgment
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