GRADUATE SCHOOL OF MANAGEMENT FIN 6650 Accounting and Control for Islamic Institutions Group Assignment: “Issues and Challenges of Shariah Audit: Post IFSA 2013 Establishment” Prepared for: Assoc. Prof. Dr. Noraini Mohd. Ariffin Prepared by: Siti Azrai Binti Ahmad Akil G1019578 Mirzohid Nizamidiniv G1124429 Asaad Mohamed G1311795 Table of Contents ABSTRACT 3 CHAPTER ONE 4 INTRODUCTION 4 1.1 BACKGROUND OF THE STUDY 4 1.2 RESEARCH QUESTIONS 5 1.3 RESEARCH OBJECTIVES 6
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CHAPTER AUDIT REPORTS THE AUDIT REPORT WAS TIMELY‚ BUT AT WHAT COST? 3 LEARNING OBJECTIVES After studying this chapter‚ you should be able to 3-1 Describe the parts of the standard unqualified audit report. Specify the conditions required to issue the standard unqualified audit report. Understand combined reporting on financial statements and internal control over financial reporting under Section 404 of the Sarbanes–Oxley Act. Describe the five circumstances when an unqualified report with an explanatory
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US History Justifications for Imperialism American imperialism is the economic‚ military‚ and cultural influence of the United States on other countries. Although some might say the US wasn’t justified in becoming an imperial power because of Social Darwinist Thinking‚ world power‚ and religion‚ overall‚ they were justified because of military strategy‚ business interests‚ and the closing of the American frontier. America was justified in becoming an imperial power because of military strategy
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Section 001 Analysis and Comparison of 10K and Annual Report Johnson & Johnson’s 10-K and annual report have one major contrast. 10-K is long and detailed report. Annual report is shorter and contains similar information but in straightforward form. While the main purpose of the annual report is to market the company and attract new investors‚ the 10-K report contains standard information filed with SEC requirements. Both reports however are generally effective for their target audiences
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Graphical Information in Annual Reports: A Literature Review Abstract The use of graphs in disclosing financial information in corporate annual reports represents a significant dimension of management’s disclosure strategy. This paper reviews previous research into financial graphs since the 1970s. The most commonly graphed financial variables are sales‚ profit‚ EPS and shareholders’ fund. Research evidence shows that graph use is contingent upon favourable performance. Prior studies also
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Introduction A Conceptual framework is important to financial reporting. Financial reports provide information that is useful for present and potential equity investors‚ lenders and other creditors in making decisions in their capacity as capital providers. Hutchison-Whampoa Limited (HWL) is a global business company with long history. It is important for HWL to prepare the annual report as a basis of linking the conceptual framework in order to provide most useful information to satisfy the users
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Carpetright plc Annual report and accounts 2010 Harris House Purfleet Bypass Purfleet‚ Essex RM19 1TT Telephone +44 (0)1708 802000 www.carpetright.co.uk www.carpetright.plc.uk Annual report and accounts 2010 Europe’s leading floor coverings retailer Overview Financial highlights 1 Business overview 2 Chairman’s statement 4 Directors’ report: Business review Principal activities 5 Business objective and strategies 5 Operational and financial review
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Justification on the Use of Torture for National Security While the idea may seem contradictory‚ countries around the globe use torture as a form of national security. As noted in the works of an online database‚ Opposing Viewpoints‚ reasons originating from the early 1800s in Jean Larteguy’s novel‚ Les Centurions‚ depicts the opposing justification of why such a method is necessary for safety (7). In his novel‚ Larteguy stresses millions of lives were saved because a French soldier tortured an
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INDEPENDENT AUDITOR’S REPORT the stockholders and board of directors XYZ CORPORATION Company Address Report on the Financial Statements We have audited the accompanying financial statements of XYZ CORPORATION which comprise the statement of financial condition as at December 31‚ 2011 and the statement of operations‚ statement of changes in equity and cash flows for the year then ended‚ and a summary of significant accounting policies and other explanatory information. Management’s
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PRINCIPLES OF AUDITING Course: Auditing Title: Auditing Operations and Completing the Audit‚ Auditors’ Reports Date: March 25‚ 2014 Justin Kealey‚ CPA‚ is auditing Tustin Companies‚ Inc. Kealey has accumulated known and likely misstatements for the current year to evaluate whether there is a sufficiently low risk of material misstatement of the financial statements to issue an opinion. However‚ Kealey notes that there are several misstatements that have been
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