Resignation & Removal of Auditors Resignation of Auditors Resignation procedures Auditors deposit written notice together with statement of circumstances relevant to members & creditors or statement that no circumstances exist Notice of resignation Sent by company to Registrar of Companies within 14 days Statement of circumstances Sent by auditors to Registrar of Companies within 28 days Sent by company to everyone entitled to receive a copy of accounts within 14 days Convening of
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Advantages and disadvantages of using CAD Advantages * Can be more accurate than hand-drawn designs - it reduces human error. * You can save and edit ideas‚ which makes it easier and cheaper to modify your design as you go along. * You can modify existing ideas‚ which saves time. Disadvantages * The software itself can be expensive so initial costs are high. There are free software packages though. * Staff need to be trained how to use the software‚ which also adds to costs
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1. 3D Structural Modeling Software- 3D+ * An AutoCAD based parametric modeling‚ analysis‚ design and drawing system for structural engineers. Includes program description with downloadable videos. Offers online ordering and technical support. 2. Archon Engineering * Makers of civil and mechanical engineering software‚ specializing in finite element analysis tools 3. ASCAD * Software for civil engineers and land-surveyors that automates the implementation production rules for
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Public Accounting Firms Audits High Assurance (95% - 99%) Reviews Moderate Assurance (60% - 70%) Compilation Low to No Assurance (0% - 10%) Assurance Engagements (Triangle diagram based on the subject matter at hand) Practitioner (Auditor) Users Accountable Party (Management) Practitioners give the Users a written conclusion Accountable party must have an accountability relationship with the Users Auditors in an engagement must be independent because they would be perceived as unbiased
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includes goods purchased and held for resale which encompasses buying merchandise by a retailer. Connecting to the selected business‚ the existence of the inventory of Waqec Stationary Sdn Bhd‚ are essentially buying the merchandise and held them for sale in the ordinary cost of business which is under the classification of inventories. As we can see from the figure 1.1 above‚ FRS 102 Inventory in this case mainly focuses on the shaded area‚ which are numerous accounting issues arise particularly
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Plant tissue culture is a widely used procedure in plant biology in which organism is planted from the explants of the living plants in a nutrient medium under aseptic conditions. There are both advantages and disadvantages of plant tissue culture. Advantages: 1. To produce many copies of the same plants then which may be used to produce plants with better flowers‚ odors‚ fruits or any other properties of the plants that are beneficial to the human beings. 2. To produce plants anytime we want
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INTERNATIONAL STANDARD ON AUDITING 320 AUDIT MATERIALITY (This Standard is effective‚ but contains conforming amendments that become effective at a future date)* CONTENTS Paragraph Introduction ................................................................................................... Materiality ..................................................................................................... The Relationship Between Materiality and Audit Risk ................................. Evaluating
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current issue and full text archive of this journal is available at www.emeraldinsight.com/0268-6902.htm Past control risk and current audit fees Past control risk Thomas G. Calderon‚ Li Wang and Thomas Klenotic George W. Daverio School of Accountancy‚ The University of Akron‚ Akron‚ Ohio‚ USA 693 Abstract Purpose – The authors posit that audit fees are driven by historical risk factors and risk encountered in the current period. The purpose of this paper is to focus on historical
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Professional and ethical issues c a S eS inc lu de d in t hiS Se ction 3 . . . . . . . . . . . . . . . . 3.1 A Day in the Life of Brent Dorsey Staff Auditor Professional Pressures 59 63 65 71 79 3.2 Nathan Johnson’s Rental Car Reimbursement Solving Ethical Dilemmas–Should He Pocket the Cash? Recognizing It’s a Fraud and Evaluating What to Do . . . . . . 3.3 The Anonymous Caller 3.4 WorldCom The Story of a Whistleblower . . . . . . . . . . . . . . . . . . . . . . . . . . .
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BA (HONS) ACCOUNTING & FINANCE BA (HONS) PROFESSIONAL ACCOUNTING PROFESSIONAL ACCOUNTANCY COURSE YEAR 3 AUDIT & ASSURANCE 1 INDIVIDUAL ASSIGNMENT BRIEF HAND OUT DATE: 5th October 2011 HAND IN DATE: INSTRUCTIONS FOR COURSEWORK You are required to research and prepare a report based on one of the following topics. Please seek the assistance of the module leader Ivor Pingue and your seminar tutors for help and guidance with your coursework. Do not leave the research too late
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