CONTROLS IN AN EDP ENVIRONMENT The second standard of field work requires that we obtain a sufficient understanding of the client’s internal controls (I/C) to plan the audit and assess control risk. We hope that our assessment of control risk shows it to be low so that we can reduce substantive testing‚ thereby reducing audit costs. When EDP is used in significant accounting applications‚ then you must consider the effects the computer has when evaluating the internal controls. The auditor’s
Premium Internal control Auditing Financial audit
and biological sciences as well as the humanities and physical sciences. A central concern of anthropologists is the application of knowledge to the solution of human problems. Historically‚ anthropologists in the United States have been trained in one of four areas: sociocultural anthropology‚ biological/physical anthropology‚ archaeology‚ and linguistics. Anthro b pologists often integrate the perspectives of several of these areas into their research‚ teaching‚ and professional lives. The four
Premium Anthropology Culture
Flash Technologies‚ Inc Memo to the Planning File by Audit Manager – General Information 12/31/2008 General Background Information Emanuel “Manny” Schwimez‚ is the CEO and chairman of the board of Flash. Mr. Schwimez is originally from Tel Aviv. He has an impressive resume‚ including a master’s degree from the London School of Economics and many years of eexecutive-level experience. He has led several high technology companies in the U.S and abroad since the early 1970’s. In 1990 he became president
Premium New York Stock Exchange Personal computer Startup company
HEAVY METAL MUSIC WHAT IS HEAVY METAL MUSIC? Heavy metal (often referred to simply as metal) is a genre of rock music that developed in between 1968 and 1974 ‚ largely in the United Kingdom and the United States.With roots inblues-rock and psychedelic rock‚ the bands that created heavy metal developed a thick‚ massive sound‚ characterized by highly amplified distortion‚ extended guitar solos‚ emphatic beats‚ and overall loudness. Heavy metal lyrics and performance styles are generally associated
Premium Electromagnetism Magnetic field Oxygen
They are a non-protein component of an enzyme and may be organic molecules (called coenzymes) or inorganic ions. 2. (A) NAME FOUR HEAVY METALS THAT ARE TOXIC TO HUMANS. Four heavy metals that are toxic to humans are: 1. Cadmium (Cd) 2. Lead (Pb) 3. Mercury (Hg) 4. Arsenic (As) (B) EXPLAIN IN GENERAL TERMS WHY THESE HEAVY METALS ARE TOXIC TO LIFE. These heavy metals are toxic to life because they generally bind tightly and permanently to the active sites of enzymes‚ thus destroying their catalytic
Premium Enzyme Enzyme inhibitor Metabolism
Audit Evidence This chapter deals with the types of evidence decisions auditors make‚ the evidence available to auditors‚ and the use of that evidence in performing audits. NATURE OF EVIDENCE • Evidence is any information used by the auditor to determine whether the information being audited is stated in accordance with the established criteria. • Evidence includes information that is highly persuasive‚ such as the auditor ’s count of marketable securities‚ and less persuasive information
Premium Audit Auditing Balance sheet
accounting profession is the attestation to the fairness of the financial statements of clients. The special function ensures the reliability and integrity of the financial reporting system. Judge Burger described the special function as "certifying the public reports that collectively depict a corporation’s financial status‚" which involves "a public responsibility transcending any employment relationship with the client." The auditing profession exists to serve the users of an organization’s
Premium Auditing Audit Internal audit
ACL ADMINISTRATION PAYCHECK FILE How many records are there in database? There are 147 records in the paycheck file. How many data validity errors are there in the database? There were no validity errors in the database; all records are entered into the system‚ thus makes it all valid. What are the following totals? Gross Pay (TOTAL_GROS) = 178‚831 Taxes withheld (TOTAL_TAXE) = 36‚584 Deductions withheld (TOTAL_DEDU) = 24‚947 Net Pay (NET_PAY) = 117‚292 EMPLOYEE FILE How
Premium Salary Causality Employment
AUDIT PLANNING Audit planning procedures are the first and perhaps the most important step in carrying out a successful audit. Without adequate planning‚ the likelihood of missing a significant risk area or encountering engagement-related problems increases considerably. As baseball great and noted philosopher‚ Yogi Berra puts it‚ “If you don’t plan on where you are going‚ you could end up someplace different!” All too often the auditor does not give adequate attention to audit planning for a vast
Premium Audit Internal control Auditing
Henan Yuhong Heavy Machinery Co.‚ Ltd is a large-scale enterprise with an integration of research & development‚ manufacturing and sales. Main products are: crushing series‚ industrial grinding series‚ ore dressing equipment and cement equipment. The company is located in Zhengzhou National High & New Technology Development Zone‚ founded in 1997 and covers an area of 16.7 hectares. Annual sales volume reaches 30 million. In 2003 the company passed ISO9001 international quality certification. The
Premium Manufacturing Industry Names of large numbers