AND IMPACT ON THE DEVELOPMENT OF ACCOUNTING PROFESSION IN NIGERIA BY ABUBAKAR SALISU Mobile No.: +234-803-3860665 e-mail: smylisu@yahoo.co.uk Lecturer‚ Department of Accounting‚ Institute of Administration‚ Ahmadu Bello University‚ P. M. B. 1013‚ Zaria – Nigeria. Abstract This study traces the genesis of accounting in the pre-Pacioli era and evaluates its impact on the development of accounting profession and nation building. The study aims at increasing the knowledge of accounting history
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Major changes in rules and regulations Since the Enron collapsed an array of new laws and regulations has been adopted to tighten corporate oversight. US offices were the first one to come out and implement the policies. Almost all of the firms had their headquarters in the US and they replicated their headquarters policies to a good extend in other offices around the world. Also other governments and regulatory bodies around the world came out with their country specific rules and regulations which
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increasingly including shareholder class actions‚ and the effects of lawsuits on audit firms. 2. Describe the causes of legal action against auditors and identify parties that may sue auditors. 3. Explain the impact of key court cases on the public accounting profession. 4. Describe auditor liability‚ discuss auditor responsibilities‚ identify possible auditor defences‚ and discuss possible remedies and sanctions available under both common law and statutory law. 5.
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BUSINESS‚ DEPARTMENT OF ACCOUNTING COURSE: FORENSIC ACCOUNTING COURSE CODE: ACC 416 WEEK: 10 TOPIC: FORENSIC ACCOUNTING AND FRAUD AUDITING OBJECTIVE: To acquire the knowledge and skills about forensic audit‚ its reporting and documentation. THE CONTEXT OF FORENSIC AUDITING Forensic audit encompasses the examination of evidence regarding an assertion to determine its correspondence to establish criteria carried out in a manner suitable to the court. Auditing has been defined as the systematic
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Dawn Howarth ACC122 Managerial Accounting Career Paper Baker College What is Managerial Accounting Managerial accounting is the process of identifying‚ recording‚ analyzing and finally presenting the financial data which is used by the management and business owners for the purposes of command and for decision making. The difference between financial accounting and management accounting Financial accounting is reported publicly while management accounting is used by the company or organization
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Why Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10‚ 2006 What does ethics have to do with accounting? Everything‚ since there have been some recent financial accounting scandals; a few examples being Xerox‚ WorldCom‚ Enron‚ which have generated much unwanted and unfavorable publicity for CPA’s‚ including those working as controllers or chief financial officers for organizations. When you hear the
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the function has grown in importance and had continued to enjoy recognition and fortification by various companies Acts worldwide. In Nigeria‚ similar recognition was first carried by the companies Act 1968‚ and currently by the Companies and Allied Matters Decree 1990. Olusanya (2000)‚ said that auditing‚ as it exists today‚ developed quite late because the development of accounting of accounting was slow as compared to economic theory. The eventual development of auditing was based on a
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What Impact has Conflict had on Afghanistan’s Development? By: Danielle Dominic In 2001‚ a war broke out in Afghanistan. Since 1996‚ the Taliban had controlled most of the country. During this period‚ the Taliban allowed a group called al-Qaeda‚ a terrorist group‚ to have training camps in Afghanistan. In the 9/11 attacks in USA‚ nearly 3‚000 people were killed. The leader of al-Qaeda was a man called Osama Bin Laden. The USA believed he was the man behind these attacks. The Taliban refused to
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Enron: Questionable Accounting Leads to Collapse In the case of Enron‚ it comes down to pure greed and a lack of accountability. From the top‚ there was illegal activity with Ken Lay‚ Jeffrey Skilling‚ and Andrew Fastow who raided the company as though it was their own personal bank. On top of that‚ the culture of the rest of the company was to make as much money as they could and employees were rewarded by the amount of profit they could make without questioning the ethical means to do so.
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Essay Title: Something that has had a great impact on your life “Two years ago I went to summer camp for Greek-Cypriot and Turkish-Cypriot children. When I told my best friend about it she laughed at me‚ so I didn’t want to go. But my daddy said I had to go and see for myself what it was like. I went there expecting to see monsters and instead I saw children just like me. We played games and told jokes. We had the same hobbies and our grandmothers cooked the same kind of food. I was amazed.
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