OBJECTIVES OF THE AUDIT ENGAGEMENT The objectives for the audit engagement are as follows: * to act as auditors of Ayala Land‚ Inc. and to express an opinion its consolidated financial statements in accordance with the requirements of the prescribed financial reporting framework; * to highlight key issues that have been of relevance in the forming of our audit opinions; * to serve as a framework for the audit; * to ensure that an effective and efficient audit is performed in
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Case Study 5 1. Explain WHY not appropriate with authority? 2. Identify controversial issue(s)‚ 3. Support your arguments 4. Answer the question - State your opinion/ conclusion Case Study 5 The answer is adapted from HKICPA FE (December 2003) Paper II Case Question 4. There is an inconsistency in the auditor’s report. The Qualified Opinion paragraph indicates that the opinion is qualified on the basis of scope limitation‚ while the Basis for Qualified Opinion paragraph suggests that
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By: Anonymous Addiction Treatment This study will explore existing research data and reports from various agencies and journals in order to answer the question: does the length of treatment improve the success of people who are addicted to drugs and/or alcohol? I have chosen several scientific journal articles concerning the relationship between the success rate of substance abusing clients and their length of time spent in treatment. Equal numbers of studies‚ both supporting and not supporting
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Chapter 1: Introduction Chapter 1: Introduction What Operating Systems Do Computer-System Organization Computer-System Architecture Operating-System Structure Operating-System Operations Process Management Memory Management Storage Management Protection and Security Distributed Systems Special-Purpose Systems Computing Environments Operating System Concepts – 7th Edition‚ Jan 12‚ 2005 1.2 Silberschatz‚ Galvin and Gagne ©2005 Objectives To provide a grand tour of the
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Origin CVD :Countervailing Duty DA :Document against Acceptance DoBT :Department of Bio Technology DC :Development Commissioner DEPB :Duty Entitlement Pass Book Scheme DFRC :Duty Free Replenishment Certificate DGFT :Director General of Foreign Trade DoC :Department of Commerce DoE :Department of Electronics DoIT :Department of Information Technology DoR :Department of Revenue DoT :Department of Tourism DTA :Domestic Tariff Area EDI :Electronic Data Interchange
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STATEMENT OF NEED The improper disposal of municipal waste has a serious and dangerous impact on a wide range of areas. Garbage thrown in the street or in open space creates a public health hazard‚ while waste dumped near rivers‚ lakes and streams contaminates the water supply. Rubbish that is burned in the open rather than disposed off properly creates pollution and releases toxic fumes into the environment. Non-biodegradable materials thrown into open drains make their way into the sewerage system
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its site keeps a running tally of all the items that you select. This is known as "shopping cart" software. When you have finished shopping‚ you click the "Check Out" button. The site redirects you to a page where the shopping cart software presents you with your grand total. You then enter your name‚ address‚ birth date and credit or debit card number to complete the transaction. Payment Methods Typically‚ you must use either a credit or debit card to purchase items online. There are exceptions
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TYPES OF AUDITS Operational PURPOSE: To evaluate whether operating procedures are efficient and effective USERS: Management of the organization NATURE: Highly non-standard; often subjective FREQUENCY: PAs: Frequently AGs: Frequently CRA: Never Internal: Frequently Compliance PURPOSE: To determine whether the client is following specific procedures set by higher authority USERS: Authority setting down procedures‚ internal or external NATURE: Highly non-standard; often subjective FREQUENCY: PAs:
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particularly for certain workers e.g. Kawi and Xu (2009) Wanous and Reichers – ROPES (Realistic Orientation Programmes for new Employee Stress) – emphasis on stress innoculation Include realistic information (lower expect’ns) Provide general support & reassurance Use models to show coping skills Discuss models’ actions Rehearse these actions Teach self-control of thoughts & feelings Give specific information for particular jobs Information in ROPES should be delivered: Information
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correct or not. B. Auditors must balance the cost of the audit with the need for precision. C. Auditors must limit their exposure to their client to maintain independence. D. The auditor’s relationship with the client is generally adversarial‚ so the auditor will not have access to all of the financial information of the company. 3. The basic purpose of a financial statement audit is to A. Detect fraud. B. Examine individual transactions so that the auditor may certify as to their validity
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