property ii. Goodwill (b) Makau and Associates‚ an accounting firm‚ are the auditors of Eastview Petroleum Ltd. For the year ended 31 December 2012. You are a member of the audit team and the following information relates to the client: 1. The company has six petrol stations located in different parts of the country and has a head office in the capital city. 2. Each petrol station sells fuel. In addition‚ each petrol station has car wash services‚ a garage‚ a retail shop for motor accessories
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be straightforward and honest in all the professional and business relationships. In this case‚ an auditor has to be integrity to present their honest and fair to the client. Even Game’s Limited’s managing director is unhappy with the existing auditing firm has been changed. Objective An auditor has to be objective and fair. Auditor has to be fairness and objective to provide financial report. The client’s point of view must not affect auditor’s objective. In this case‚ Games Ltd has been
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Contingencies SPRING 2014 Important Exam Information: Exam Date and Time A read-through time of 15 minutes will be given prior to the start of the exam. Exam Registration Candidates may register online or with an application. Introductory Study Note The Introductory Study Note has a complete listing of all readings as well as errata and other very important information. Past Exams There are no past exams for the new version of this examination. Past exams from 2000-present for prior
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Auditing – acc546 (3 credits) In this course‚ students focus on the auditing practice performed by public accountants. Topics include the CPA profession and the auditor’s role‚ planning the audit‚ audit reporting and required communications‚ evaluating internal controls‚ audit programs for current assets and liabilities‚ and audit programs for other business cycles. This graduate-level course is 6 weeks. To enroll‚ speak with an Enrollment Advisor. Topics and Objectives The CPA Profession
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Introductory Interview My introductory interview took place on Saturday 8‚ November 2012 in the arts block of the National University of Ireland Maynooth. The night before my interview I decided to read over my notes and handouts to refresh what I have learnt to date. I was feeling tense about how my day would progress. I was aware that I would not be asked to complete something I hadn’t done already‚ but for some reason I couldn’t convince myself of that. I arranged to travel to the venue with
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ACCT 2060 Introductory Accounting Assignment - Semester 2‚ 2011 This assignment is designed to get you to locate the Annual Reports for a company and become familiar with the contents of an Annual Report‚ particularly the financial statements and the notes to the financial statements. While we have looked at very basic formats of the financial statements‚ the financial statements for a company contain a little more detail and information on some items you may not have been introduced to yet
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conformity with accounting standards. Publicly traded companies in Australia are required to have audits under the Corporations Act. Review of historical financial statements- Another type of attestation service performed by public accountants. A review service provides a moderate amount of assurance on the financial statements‚ and less evidence is necessary to support this level of assurance. A review is provided at a much lower cost and Public Companies are required by the Corporations Act to have their
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ch9 Student: ___________________________________________________________________________ 1. The risk of incorrect acceptance and the risk of assessing control risk too low relate to the A. Preliminary estimates of materiality levels. B. Allowable risk of tolerable error. C. Efficiency of the audit. D. Effectiveness of the audit. 2. While performing a substantive test of details during an audit‚ the auditor determined that the sample results supported the conclusion that the recorded
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The Introductory Speech The Six Strings of Ben’s Life Similar to the many ways to live life‚ there are also a variety of methods that can be used to tune a guitar. All of these techniques are sufficient; however‚ certain approaches can produce different results. It has been said that the idea of what can come out of six strings varies from one person to another‚ and this can be applied to life too. The view of life changes among people‚ though no one view is better than the other. Our classmate
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A brief overview of the classical linear regression model What is a regression model? Regression versus correlation Simple regression Some further terminology Simple linear regression in EViews -- estimation of an optimal hedge ratio The assumptions underlying the classical linear regression model Properties of the OLS estimator Precision and standard errors An introduction to statistical inference 27 27 28 28 37 2.6 2.7 2.8 2.9 v 40 43 44 46 51 vi Contents
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