1. The client acceptance process can be quite complex. Discuss five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards and identify the applicable standards? 1. Obtain an understanding of the client ’s business and operations. Consideration should be given to reading available financial information regarding the prospective client such as annual reports‚ registration statements‚ Forms 10-K‚ other reports to regulatory
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ACCT 805AE Case 4 Ocean Manufacturing‚ Inc The Osprey Group Feb 21‚ 2011 Q1. The client acceptance process can be quite complex. Identify five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards? First they should gather and examine all available financial information‚ such as tax returns‚ annual reports‚ the balance sheet‚ and income statement. This should be done so that the audit firm can do a quick initial
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Background Ocean Carriers Inc. is a shipping company specializing in the operation of capsizes bulk dry carriers. In January 2001‚ Mary Linn‚ the vice President of Finance for Ocean Carriers was evaluating the purchase of a new capsize carrier for a three years lease proposed by a motivated customer. The leasing contract offers very attractive terms‚ but no ship in Ocean Carrier’s current fleet met the customer’s requirements. In addition‚ this proposed contract is only for three years. Therefore
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Ocean Acidification | October 29 2011 | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | Environmental Chemistry | Table of Contents Appendix 4 Appendix 1 5 Appendix 2 5 Appendix 3 5 Appendix 4 5 Appendix 5 5 Appendix 6 5 The concentration of greenhouse gases in the atmosphere has risen from
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Opened in 1977‚ Ocean Park Hong Kong is one of Hong Kong’s favourite attractions‚ featuring rides‚ exhibits and conservation facilities. Ocean Park is located on the southern side of Hong Kong Island‚ covering more than 870‚000 square metres of land. There are three attraction areas‚ which are the Lowland‚ the Headland and Tai Shue Wan. The three areas are connected by a cable car‚ outdoor escalator which is the second longest in the world and Ocean Express. Aqua City Ocean Park’s Aqua City
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Did you know that most of the ocean pollution comes from us? This pollution can hurt the ocean animals and it will affect the food that we eat. Some of the most worst ocean pollution is untreated sewage dumped into the ocean‚ toxic chemical‚ and oil spills. The sewage gets into the ocean because of sewage pipes that break or leak. This is a problem because the sewage makes to much algae‚ and it will remove the oxygen. Around 80% of the sewage that is in the ocean is untreated. To help stop sewage
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Trashed: Our Ocean By: Meaghan Todd December 10th 2010 CGW-4U1-02 Mr. Kyriacou Have you ever been to the beach? I have and swimming in the ocean is one of my favourite things to do when I go on vacation! You wouldn’t want someone to come into your house and throw their cigarette butts or their plastic drink container on your kitchen floor when they’re done would you? I know I wouldn’t. Littering in the ocean does not magically get rid of your garbage; the marine wildlife
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The Ocean Specific Purpose: To inform my audience about the ocean and the benefits the ocean has on us. Central Idea: We have not discovered a majority of the ocean and I wanted to share why we have not done that. To inform that the ocean is very valuable and that we need to spend more time on really discovering what is down there. Introduction I. The ocean covers more than 70% of the planet’s surface. II. 95% percent remains unexplored‚ and unseen by the human eye. III. Over one million
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Ocean Acidification and its Effects on Marine Butterflies and Coral Reefs For millions of years‚ Earth’s oceans have maintained a relatively stable acidity level. Research shows that a recent and rapid drop in surface pH that could have devastating global consequences through the unbalance the ocean’s acidity. Since the beginning of the industrial revolution in the early 1800s‚ fossil fuel-powered machines have created a burst of industry and machines. The consequence of this industrial revolution
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need to create government contracts for repairing our bridges‚ roads‚ and railroads. In re-builing our infrastructure‚ we create jobs and create demand which will then create the need for more jobs in many other fields. Another way to create jobs is by using and creating new sources such as green energy. The use of fossil fuels is causing the nation to spend large amounts of money. If we use natural recourses we can create jobs to aid with the development of these natural energy sources and also
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