Education: an international journal Vol. 20‚ No. 2‚ 203– 222‚ April 2011 Adding Value to Audit Education through ‘Living’ Cases JULIE DRAKE University of Huddersfield‚ UK Received: November 2009 Revised: July 2010 Accepted: September 2010 ABSTRACT This paper seeks to address the perceived failure of university teaching to foster critical understanding of audit practice and to identify a potential remedy. It contributes to the debate (Maltby‚ 2001‚ “Second thoughts about ‘Cases in Auditing’
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Litigation Student Name LAW/531 Date Instructor Litigation Disputes are settled by various means every day. This paper will consider the process of traditional litigation and alternative dispute resolution in settling those disputes. Knowing the advantages and disadvantages is important when deciding what process to employ in settling a dispute. Traditional Litigation Traditional litigation can be a long and expensive process. Filing a complaint starts the process. This action
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Civil Litigation By Maggie Willams November 10‚ 2014 Everest University Professor Wolusky Prepare an outline of the issues in handling a case with so many plaintiffs and potential witnesses. Keeping track of all of the clients and witnesses appointments and/or meetings making sure that the correct information and witnesses are kept with the correct client’s case file Keeping track of the billing for each of the clients Keeping track of the time spent with each client and witness. (Goldman
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Chapter 1 Review Questions: Question #3. Describe the functions of the members of the legal team. The lawyer is the lead in the legal team and has passed the bar examination and have a license to practice law in their respective state(s). In larger firms‚ the lawyers can be assigned as partners and associates. The partner has actual ownership in the firm whereas the associate are usually on salary as an employee‚ not being an owner in the firm. The supervising attorney in a large firm is responsible
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Litigation v. Mediation Alexander is involved in a dispute related to his business. Alexander is considering legal action. Why may it be financially advantageous to Alexander’s business to avoid litigation and mediate the case? The expense of time and money associated with Alexander’s business decision to consider legal action can be avoided through mediation per our text book Business Law which suggest that litigation is often an inefficient way to resolve business-related disputes . According
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Case 3.1 Enron: Understanding the Client’s Business and Industry Price‚ Ria; Walters‚ Jessica 1. Inherent risk‚ a component of the audit risk model‚ refers to the susceptibility of the accounts to material misstatement‚ without regard to the systems internal controls. Inherent risk is a function of the nature of the client’s business‚ the major types of transactions‚ and the effectiveness and integrity of its managers and accountants. A clear understanding of the audit client’s business model is essential in assessing
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Regina for the period 1986 to 1988. Also‚ compute key liquidity‚ solvency‚ activity‚ and profitability ratios for the years 1987 and 1988. Given these data‚ identify what you believe were the high-risk financial statement line items for the 1988 Regina audit. I computed the ratios for 1986 as well as the required 1987 and 1988. The most interesting occurrence is how the values for the growth were not translated in the ratios. As sales increased‚ cost of goods sold decreased. This would indicate that
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of f/s audit Materiality misstatement of accounting information. is a matter of professional judgment Audit risk The auditor expresses an inappropriate audit opinion when the financial statements are materially misstated‚ Evidence (more than “per discussion with client) Major phrases of audit: Client acceptance/continuance; Preliminary engagement activities; Establish materiality and assess risks; Plan the audit ;Consider and audit internal control; Audit business processes and related accounts;
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the inside? The theme of appearance versus reality is showed through out the play. The choosing of a particular casket of the three is used to show the appearance versus reality phenomenon. Portia’s suitors must choose either a gold‚ silver or lead casket. Whoever chooses the right casket will have the permission to marry Portia. The prince of Morocco chooses the rich gold casket which said “who chooseth me shall gain what many men desire‚” (2.7 4-5) but when he opened it‚ it had a scroll in it
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jurisdiction in this matter under section 6 of the code of the state of Wisconsin. 2. Plaintiff‚ Constance Wolfgram‚ resides at 123 Number Street‚ Friendship‚ Wisconsin. 3. Defendant‚ Lewis E. Olson‚ resides at 456 Number Street‚ Friendship‚ Wisconsin. 4. Defendant‚ Albert Dobiash‚ resides at 789 Number Street‚ Friendship‚ Wisconsin. 5. On October 1‚ 2003 Plaintiff hired the Defendants to analyze and compose condition reports on both the basement and foundation of a home they were planning to purchase
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