BCAF-05: ADVANCED AUDITING (MAJOR) Objective: This course aims at imparting knowledge about the advanced methods of auditing and there applications. Unit- I: Audit of Limited Companies: Inspection of documents Books and Registers. Audit of Preliminary expanses‚ profit prior to incorporation‚ public deposits‚ managerial remunerations‚ share capital. The Visible profits and dividends- meaning‚ provisions of Companies act in regard to declaration and payment of dividend. Auditor’s
Premium Internal control Audit Corporation
BF3394 – AUDITING AND PROFESSIONAL ETHICS Module Number: Module Title: BF3394 AUDITING & PROFESSIONAL ETHICS 10 credits Number of Aston Credits: Total Number of ECTS Credits: 5 credits (European Credit Transfer) Staff Member Responsible for the Module: Dr Melina Manochin Finance and Accounting Group ABS Building‚ Room 410‚ Extension 3732 m.m.manochin@aston.ac.uk Availability: Please see office hours on door or group administrator‚ Ms Rosaleen Shirley‚ ABS 404‚ Extension 3238 Other Staff
Premium Business ethics Auditing Ethics
too low. 3. A number of factors influence the sample size for a substantive test of details of an account balance. All other factors being equal‚ which of the following would lead to a larger sample size? A. Greater reliance on internal accounting controls. B. Greater reliance on analytical review procedures. C. Smaller expected frequency of misstatements. D. Smaller measure of tolerable misstatements. 4. Which of the following sample planning factors would influence the sample size for
Free Sampling Sample size Sample
(for trade receivable confirmation) 7. representation letters 8. checklists 9. correspondence concerning significant matters 10. copies: entity’s records‚ e.g. contracts‚ agreements Form‚ content 1. using standard schedules‚ computer program standard audit program standard internal control questionnaire standard audit file structure Permanent file * document continuous important materials‚ info relevant to audit entity’s financial statements 1. permanent file
Premium Auditing Internal control Audit
need to identify any breaches (under what section) and why. You should also consider any remedy or alternative course of action that should have been considered for each where appropriate. There is no word limit set for this assignment but it is expected that each question will be well-covered and considered. Guidelines would be that each question should be of between 400-600 words 1) Rodney Brick is completing a Master of Accounting part-time and has taken on a role as an auditing assistant
Premium Audit Internal control
AUDITING 4 INTERNAL CONTROL In business control is required for optimum utilizatiion of resources and for maximising the profits.business operations are carried on with the help of human agents and equipments.both require supervision to ensure that tasks assigned to them are carried out properly to avoid wastes and losses. Internal control required for small business is not identical with that required for a large business in the sense that in case of the former‚the entire control
Premium Internal control Internal audit Auditing
on customers purchasing over a preset minimum amount. Although BestSellers.com sells its goods through the Internet‚ the company should still record sales revenue when the books are shipped to customers. 14-6 Tests of controls: 1. On a sample of sales invoices‚ examine proper authorization and indication of internal verification of sales amounts. 2. Examine approved computer printout of unit selling prices. 3. Examine file of batch totals for initials of data
Premium Generally Accepted Accounting Principles Credit card Cash
Identify the different substances which individuals might use‚ how they are used and their likely effects. Abused substances produce some form of intoxication that alters judgment‚ attention‚ perception‚ or physical control. Psychoactive drugs can be categorised into three broad groups: 1 Stimulants: Amphetamines‚ Cocaine‚ Crack‚ Ecstasy‚ Anabolic steroids 2 Depressants: Cannabis‚ Alcohol‚ Benzodiazepines GHB etc. 3 Hallucinogens: LSD‚ Magic Mushrooms (Psilocybin)‚ Skunk. Drugs also have street
Free Drug addiction Recreational drug use Psychoactive drug
AUDIT TECHNIQUES I. NATURE and PURPOSE of AUDIT TECHNIQUES Auditing Techniques are the basic tools utilized by auditors to obtain audit evidences. Auditing Technique is defined as any technique as any technique used to determine deviations from actual accounting and controls established by a business or organization as well as uncovering problems in established processes and controls. Auditing Techniques can be used to aid organizations by uncovering errors in business practices and providing
Premium Auditing Internal control Audit
QUESTION 2: Identify some challenges that diversity at the workplace might bring. ANSWER There are challenges to managing a diverse work population. Managing diversity is more than simply acknowledging differences in people. It involves recognizing the value of differences‚ combating discrimination‚ and promoting inclusiveness. Managers may also be challenged with losses in personnel and work productivity due to prejudice and discrimination and complaints and legal actions against the organization
Free Affirmative action Employment