World’s Reliance on Computers By; Kevin Roach Jr. April 26th 2011 Computers are used in many different ways; they are used in all sorts of different fields of work and are very important to many different people. Practically anything that you use is made by computers. Today’s modern vehicles and airplanes were are designed on a computer. Our country’s traffic signals are run by a network of computers. In a hospital‚ most lifesaving machines are run by computers. Space exploration would not
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affected by computers that historians refer to the present time as the information age." (Presley‚ 16) Comments like this show how computers have changed how we live‚ work‚ and play. For example‚ combined with the Internet‚ computers have incorporated many forms of communications into a universal one. The computer’s role in the world continues to grow in importance even as we sometimes take it for granted. We must realize how greatly computers have affected our lives. Computers have become such
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detection risk. STAGE A. Obtaining an understanding of the entity’s internal control structure. In planning the audit examination‚ each of the five components of internal control must be studied and understood by the auditor to enable him to (1) identify types of potential misstatements; (2) consider factors that affect the risk of misstatement; and (3) begin to design appropriate testing procedure. Understanding the Control Environment The auditor should obtain sufficient knowledge of the control
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(E-Comm. Sem-VI) STRUCTURE Subject Code Name Marks E 6.1 Auditing 100 E 6.2 Information System Audit 100 E 6.3 Competitive Skills 100 E 6.4 JAVA Programming 100 E 6.5 Practical 100 E 6.6 Project 100 North Maharashtra University‚ Jalgaon (NACC Re-Accredited ‘B’ Grade University) FACULTY OF COMMERCE & MANAGEMENT B.B.M.(E-Comm.) Semester VI E – 6.1 Auditing 80 + 20 Pattern: External Marks 80 + Internal Marks 20 = Maximum Total
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CHAPTER AUDIT PLANNING AND ANALYTICAL PROCEDURES THE FALL OF ENRON: DID ANYONE UNDERSTAND THEIR BUSINESS? 8 LEARNING OBJECTIVES After studying this chapter‚ you should be able to 8-1 Discuss why adequate audit planning is essential. Make client acceptance decisions and perform initial audit planning. Gain an understanding of the client’s business and industry. Assess client business risk. Perform preliminary analytical procedures. State the purposes of analytical procedures and the timing
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warranty as to any legal or accounting results through its publication of this document. When legal or accounting issues arise‚ professional assistance should be sought and retained. The Professional Practices Framework for Internal Auditing (PPF) was designed by The IIA Board of Directors’ Guidance Task Force to appropriately organize the full range of existing and developing practice guidance for the profession. Based on the definition of internal auditing‚ the PPF comprises Ethics and Standards‚ Practice
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information to the auditor in order to lower the expected loss from litigation or related settlements. This describes which theory of auditing? a. explanatory. b. agency. c. information hypothesis. d. insurance hypothesis. 5. Which of these actions is most likely to remove the audit expectation gap? a. improving auditing standards b. educating of audit users about what are reasonable expectations c. improving auditor’s performance
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Reliance Communications Ltd. (commonly called RCOM) is an Indian Internet access (commonly called "broadband") and telecommunications company headquartered in Navi Mumbai‚ India. RCOM is India’s third largest telecom operator‚ after Bharti Airtel and Vodafone. it is a subsidiary of the Reliance Group established in 2004 with Mr. Anil Ambani being the President and Vinod Sawhny being the CEO. It is a publicly listed company with Reliance ADAG holding 67% ownership while the rest is owned by the
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Summer 2010 Update for Auditing Assurance Services: An Integrated Approach 13th Edition and Alvin A. Arens Randal J. Elder Mark S. Beasley We are committed to providing students and faculty up‐to‐date content for use in the classroom and are pleased to provide this newsletter highlighting recent events affecting the audit and assurance profession. Pearson Prentice Hall SUMMER 2010 UPDATE AUDITING AND ASSURANCE SERVICES: AN INTEGRATED APPROACH‚ 13TH EDITION
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2. Each petrol station sells fuel. In addition‚ each petrol station has car wash services‚ a garage‚ a retail shop for motor accessories and a restaurant. 3. All petrol stations have point of sale micro-computers which are linked to the main computer at the head office. Required: i. Identify six risk areas that your firm would consider when developing the audit plan ii. Describe three analytical review procedures you would carry out as part of the substantive testing on the area of sales.
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