ACC 410 Auditing Keystone Computer’s & Networks‚ Inc. Jacob Burdick January 16‚ 2012 In preparing for the audit all aspects of a company need to be reviewed. For the preparation of the audit several things must be considered as define in the following pages. The primary focus of the audit is to determine the economic status as well as determine the operational performance of a company. I. Analysis of Audit Strategy A. Objectives of the Engagement 1. To describe
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(TCO 4) To succeed in an action against the auditor‚ the client must be able to show that: Student Answer: the auditor was fraudulent. the auditor was grossly negligent. there was a written contract. there is a close causal connection between the auditor’s behavior and the damages suffered by the client. Instructor Explanation: Page 121 Points Received: 2 of 2 Comments: 2. Question : (TCO 4) The principal issue to be resolved
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External Auditing – Week 4 discussion What do following risk categories mean: planned detection risk‚ inherent risk‚ control risk‚ acceptable audit risk? Can you give some examples? How do we as auditors deal with them? DETECTION RISK Detection risk is the risk that auditor’s substantive procedures will not detect a misstatement that exist in an account balance or class of transactions that could be material‚ individually or when aggregated with misstatements in other balances or classes.
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MIT765801 AUDITING Individual Assignment HIH Insurance Report Student Name: Jinyun Wang Student ID: MIT122634 Lecturer Name: Susan Currie Tutor Name: Susan Currie Due Date: 29 / 1 / 2014 Submitted date: 7/ 2/ 2014 by email Executive Summary The auditing profession plays a significant role in industrialized economies for many years. In the insurance industry‚ the manner of auditing profession is regulated. The collapse of Health International Holdings (HIH) was recorded
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Use of Computers in Banks Computers are used in banks for a variety of reasons. They help bank personnel operate more efficiently and effectively. Computers are used to track certain transactions and they help process other customer information as well. Without computers‚ it would be very hard for a bank to offer good customer service day in and day out. Computers help a bank save time and money‚ and can be used as an aid to generate profits. Customer Information Banks use computers to track customer
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Dell case According to the 10-K filed on 30/13/2012 on Dell’s website‚ the following data has been appeared on the fiscal 2012 financial statement. Sales: 62‚071 Total Assets: 44‚533 Net income: 3‚492 Cash flows from operating activities: 5‚527 Number of employee: 2012 109‚400(106700 regular employee and 2‚700 temporary employee) 2011 103‚300(100‚300 regular employee and 3‚000 temporary employee) 39‚900 located in USA and 66‚800 in other countries Dell’s products Dell’s products
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follow the appearances of female models in a fashion magazine. As a result‚ the society controls how a person’s life should be like rather than expressing their beliefs which can possibly make a difference. In one of Ralph Waldo Emerson’s essays‚ Self-Reliance‚ shows a variety or a step-by-step solution on how to become an individual without giving into the society’s demands or other people’s opinions. Emerson believes that a person’s behavior should be expressed through his or her self-trust‚ non-conformity
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launches 10.0 iOS and majority of the users have already updated their software‚ barring a few who may have memory issues or heard from others about the bugs in it. Technology in the new era is like MAGIC. One click and there you get results! “Computers are incredibly fast‚ accurate & stupid; humans are incredibly slow‚ inaccurate & brilliant; together they are powerful beyond imagination!” - Albert Einstein (1879-1955) Such kind of technical excellence was seen between Dhirubhai Ambani and his
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What Are Ways To Prevent It? One way to prevent cyber bullying is by telling others to never pass on harmful or hurtful messages about someone to others. That person could be really embarrassed about it. You can also step up to friends and tell them to stop cyber bullying only if they are. Another way is by letting parents watch what their children are doing on the internet. That way the parents know if anything is wrong with their child. There are many more ways to prevent cyber bullying. What
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Brianne Richson wrote “An Obligation to Prevent Trauma on Campus” to educate her audience on “trigger warnings”. Trigger warnings are “advance warnings of potentially upsetting material”(Richson 426). Almost anything can be labeled as a trigger warning given the right situation. She gains the reader’s attention by saying‚ “We all have that one memory that we would prefer people not bring up because we want to block it from our consciousness forever”(426). This statement is very relatable to anyone
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