between sample size and other elements of auditing? A. If materiality increases‚ so will the sample size. B. If the desired level of assurance increases‚ sample sizes can be smaller. C. If materiality decreases‚ sample size will need to increase. D. There is no relationship between sample size and materiality or the desired level of assurance. 3. Which of the following statements about the study of auditing is NOT true? A. The study of auditing can be valuable to future accountants and
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UNIVERSITAS INDONESIA CASE STUDY 6 DEVELOPMENT OF METHODOLOGY FOR COMPUTER ASSISTED INFORMATION SYSTEMS AUDITING By: Mario Žgela‚ M Sc SISTEM INFORMASI DAN PENGENDALIAN INTERNAL Chitarani Kartikadewi - 1406524682 Desi Susanti - 1406524695 Karina Ayu Ditriani - 1406524713 FAKULTAS EKONOMI PROGRAM MAKSI-PPAK OKTOBER 2014 CHAPTER I SUMMARY Analysis of Some Cases Resulting in Significant Losses or Bankruptcies During 1990’s and 2000’s‚ there are several companies that severe bankruptcies or
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What are the advantages and disadvantages for individuals and society of the reliance on communicating via computers? (Discussion Essay) Introduction: In today’s world‚ communication is one of the key elements that people across the world can connect with one another. The rise of the use of computer has been due to technological advancements such as the creation of email and websites such as Facebook and Twitter. A touch of the mouse can instantly connect one person from one side of the world
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Principles of auditing are defined in the ISO 19011‚ the principles are designed to make an audit an effective and reliable tool for business performance improvements. The audit principles are also designed to achieve consistent conclusions from performed by independent auditors. There are six audit principles that are prerequisites that should be adhered with to achieve consistent audit results. The six principles are integrity‚ fair presentation‚ due professional care‚ confidentiality‚ independence
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“Accounting did not cause the recent corporate scandals‚ unreliable financial statements were the results of management decisions‚ fraudulent or otherwise”. (Lin & Wu‚ 2006‚ para. 5) Waste Management‚ HealthSouth‚ Enron‚ Satyam and Madoff are just a few names that come to my mind when I think of fraudulent accounting. Disguised loans‚ inflated income‚ improper accounting and misstated earnings‚ different words all describing the same thing‚ FRAUD. Fraud affects the company‚ the consumers
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92When audit risk is at an appropriately low level 83The possibility that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated 49Investigate the identities and reputations of the client’s directors‚ officers‚ and major stockholders 51The reputation of management 81The company’s financial strength and credit rating. 85Make inquiries of the client’s banker‚ legal counsel‚ and predecessor auditor. 26Determine that independence
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workday and reduced productivity. Here are six steps to regaining control of your day: Don’t check your email all the time. Set aside special breaks between bigger projects to handle email. Don’t let email interrupt your projects‚ and don’t let the computer dictate your priorities. Turn off your email program’s "Biff" feature (the annoying bell or screen flash that notifies you every time an email message arrives). If you’re using Microsoft Outlook‚ go to Tools > Options > Preferences > E-mail Options
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101-1). In Goodbread’s case this refers to the fact that he had shares of stock (direct financial interest) in his possession when he was the audit engagement partner who oversaw the audit of Koger Properties‚ Inc. Under the Generally Accepted Auditing Standards (GAAS) there are three sections‚ General Standards‚ Standards of Fieldwork‚ and Standards of Reporting. Under the General Standards section of GAAS there is a specific standard for independence and it reads‚ “The auditor must maintain
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Executive Summary: Reliance Communications is capable of delivering services covering entire gamut of information and communication value chain. Their products and services include infrastructure setting‚ applications and consultancy. Its corporate clientele includes 600 Indian‚ 250 multinational corporations and over 200 global carriers and owns and operates the world’s largest next generation‚ IP enabled connectivity infrastructure‚ comprising over 150‚000 kilometres of fibre optic cable systems
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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
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