People Should Be Allowed to Express Their Opinions There are three assiduous things that make people pursue with consecutive efforts during life times: freedom‚ justice and love. The pursuit of Freedom‚ however‚ is something invariably vital to seek. Expression freedom or freedom of speech; therefore‚ deserves more passionate pursuit. As a democratic country‚ freedom of speech is that all citizens are allowed to express their thoughts‚ opinions‚ and attitudes to the everything of their country
Premium Democracy Law Facebook
Audit Documentation Purpose: 1. Main evidence of procedures‚ work performed on audit 2. Prepare sufficient & appropriate audit documentation on timely basis 3. enhance audit quality 4. facilitate effective review 5. evaluate audit evidence obtained & conclusions reached before finalizing auditor’s report 6. assisting audit team plan & perform for audit 7. assist audit team members’ supervise & direct audit work‚ discharge responsibilities (Quality Control
Premium Auditing Internal control Audit
CASE 1 : VINCENT’S CAPPUCINO EXPRESS a. Develop an organization chart for The Cappucino Express. Director (Vincent) Assistant Manager (2nd Outlet) Manager (1st Outlet) Employees Employees b. What factors can be expected to have a major impact on the success of The Cappuccino Express? Factors that can be expected to have a major impact on the success of The Cappuccino Express are: i. Cost Cost is seen to be one of the factor of having a success in running this business
Premium Costs Variable cost
STATEMENT OF THE PROBLEM Airphil Express‚ which also has been called PAL express‚ is PAL’s budget airline. PAL’s transfer of its pilots to its budget airline is the alleged reason for the resignation of the pilots. PAL had to beef up its operations in order to compete with Cebu Pacific. However‚ instead of hiring new pilots for Airphil‚ PAL came up with a different strategy. PAL offered the pilots “another job” --- to be pilots but this time for Airphil Express where they would receive lower salaries
Premium Airline Low-cost carrier Ninoy Aquino International Airport
Chapter 1 An overview of auditing Multiple Choice 1. The three major professional accounting bodies in Australia are: a. ICAA‚ CPA and ASIC. b. CPA Australia‚ NIA and AARF. c. ATO‚ AUASB and ASIC. d. ICAA‚ CPA Australia and NIA. The correct option is d. Feedback: Section 1.3 The auditing environment 2. Which body has a mission ‘to develop‚ in the public interest‚ high-quality auditing and assurance standards and related guidance to enhance the relevance‚ reliability and timeliness
Premium Auditing
The Authority Attaching to Philippine Standards Issued by the AASC Engagement Standards | Application | 1. Philippine Standards on Auditing (PSAs) | * Audit of historical financial statements | 2. Philippine Standards on Review Engagements (PSREs) | * Review of historical financial information | 3.Philippine Standards on Assurance Engagements (PSAEs) | * Assurance engagements dealing with subject matters other than historical financial information | 4. Philippine Standards on Related
Premium Auditing Audit
Q2: Accounting issues In 2001‚ Harris Scarfe’s suppliers and customers‚ and even a large number of the company’s staff‚ were shocked when the thriving business was suddenly faced with cash-flow problems. The company made headlines in South Australia when concerned suppliers‚ from whom Harris Scarfe had purchased large amounts of stock on credit‚ entered the flagship store in Rundle Mall‚ and began retrieving their stock directly from the shelves‚ before shocked staff and customers. The company
Premium Debt Finance Stock
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
Question 1 Incentives: Financial pressures from changes in the market and industry intense competition (national‚ regional‚ local) under cut prices from municipalities that could offer lower prices by using tax revenue. Pressure to meet earnings expectations Stock ownership benefits Retirement benefits Performance based bonuses Maintain growing stock price Maintain industry leadership Maintain reputation Opportunities: Able to use a lot of estimates in depreciation of PPE (over 1/2 of assets)
Premium Audit Big Four auditors Balance sheet
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