selected population characteristics‚ such as transactions selected from each month during the year or from each location. • Large dollar coverage in which the auditor focuses on selecting the relatively large items in the population for testing. 3. What is the key advantage and disadvantage associated with systematic sample selection? How must auditors address this disadvantage? Ans: The key advantage is its ease of use. Generally‚ systematic samples are easily drawn from the population and supporting
Premium Sampling
In his essay‚ “My Landlady’s Yard‚” Dagoberto Gilb seems to be writing about a climate and culture that he is both very familiar with and also very fond of‚ as he is in fact ½ Mexican and lives in Austin‚ Texas. His landlady seems to be in some form of denial regarding her surroundings‚ which is evident in her attempt to grow grass and “Yankee” plants in a desert climate. I get the impression that the author is implying that his landlady is a “Yankee” but it is rather indirect so I cannot tell for
Premium
The Yards Park can be described as a new and refreshing waterfront destination‚ along the Anacostia River in Washington‚ DC. The overall purpose of the park serve to provides green space and water features for the public to enjoy the outdoors. The park incorporates modern and contemporary park design which complements the growing technology and design of Washington‚ DC. The park is a privately-owned park by Capital Riverfront BID which operates and maintains the park and allows it to be open and
Premium Racism Race Sociology
Atlantic Yards Project The Atlantic Yards Project is a mixed use commercial and residential development project in the Prospect Heights neighborhood of Brooklyn‚ New York. It is a project that was first started by the Cleveland‚ Ohio based company Forest City Ratner Companies‚ a subsidiary of Forest City Enterprises. Their goal is to redevelop 22 acres of Downtown Brooklyn that will include 6 million square feet of residential space‚ 247‚000 square feet of retail use‚ 336‚000 square feet of office
Premium Atlantic Yards New York City
Last night I watched one of the most unforgetable drama and dance movie; Stomp the Yard. The movie was about a young man called DJ Williams who is in a dance crew called the "Goon Squad" with his brother Duron and other friends. They were battling for a big deal of money and beat the home crew. The home crew responds by attacking the Goon Squad after the battle. Duron saves his older brother from getting beat up but ends up getting killed by a gun shot. DJ Williams gets arrested and ends up living
Premium
I THE RED FLAGS and the Allegations by the SEC -1996‚ Ruttenberge family sold a large chunk of stocks for $49.6m on the second public offering while the financial statements continuously showed positive trends - The financial statements analysis - Cash flows were negative while profit was reported. Early 1999‚ liqutity problem arised‚ sold $200M of high-yield or Junk bonds in mid 1999. - Justice Department: Adam Gilburne: guilty to conspriracy to commit wire and securities fraud to inflate
Premium Risk Financial statements
Ballast - (a) the material (usually water in ballast tanks) used to stabilise a vessel when partially loaded or empty‚ (b) In Ballast - term to describe vessel sailing empty to next loading port. BENDS - Abbreviation for ’both ends’. Used when any loading and discharging term for a vessel is the same for both loading and discharging operations. BFI - Baltic Freight Index - an index reflecting a composite number of routes‚ issued on a daily basis. BIFFEX - Baltic International Freight Futures Exchange
Premium Ship Shipping Transport
Auditing and Assurance Services‚ 14e (Arens) Chapter 24 Completing the Audit Learning Objective 24-1 1) Auditors often integrate procedures for presentation and disclosure objectives with: A) Tests for planning objectives Tests for balance-related objectives Yes Yes B) Tests for planning objectives Tests for balance-related objectives No No C) Tests for planning objectives Tests for balance-related objectives Yes No D) Tests for planning objectives Tests for balance-related
Premium Balance sheet Audit Auditing
201037076 Puriza U. Topic: Using technology to improve internal audit communications in the Banking Sector Background Internal auditing has come a long way over the last two or three decades. In the past‚ internal auditing was seen as a mechanism to double-check the thousands of financial transactions that were posted to the accounts each week. Today an internal auditor facilitates the development of suitable controls as part of a wider risk strategy‚ and provides assurances on the reliability
Premium Internal audit Auditing Internal control
PART FORM ANU AUSTRALIAN UNIVERSITY : Enron‚ Parmalat‚ WorldCom‚ HIH – these corporate failures and accounting scandals have shaken the foundations of investor confidence in the transparency‚ integrity and accountability of corporations and capital markets. There has also been public disquiet about the role professional auditors and audit firms have played in these corporate scandals. The consequences for many of the players in the market for financial information have been enormous; reputations
Premium Ethics