• case 1
    Brham S. Inocencio BSA IV-A CASE 01 – Enron Corporation 1. List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the given service can pose for an audit firm’s...
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  • Enron Case
    have practiced consulting services for a company that they audited. 2. List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the given service can pose for an audit...
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  • Ms Chan
    , the wooden doors at Andersen's office entrances were removed and the firm adopted a new corporate logo, the rising sun. Soon Andersen partners began offering a new service to clients. Rather than just handling the once-a-year audit of the public books, the firm offered to take over the entire...
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  • Enron Case
    their accountants are ultimately responsible for the integrity of their company’s financial statements. 2. List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the...
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  • Summer Internship Report
    of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by...
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  • Ocean Manufacturing
    important are these issues to the client acceptance decision? Why? a. Client’s reputation. Does the client have good reputation in the industry? Is the prospective client the type of client the firm wants to be associated with? b. The type of business the client operates...
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  • Ernst
    , Robert S. Furst and William Fuhs and former Enron executive Dan Boyle conspired to pass off a loan from Merrill as a sale of three power barges moored off the coast of Nigeria in late 1999. 2-List three types of consulting services that audit firms have provided to their audit clients in recent...
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  • Audit Service Quality in Compulsory Audit Tendering Preparer Perceptions and Satisfaction
    are useful The audit team members as a group have an adequate understanding of the operations of the council The audit firm is agreeable to completing the audit by a date the client has set The audit manager has been on the audit for at least two to three years The audit firm conducts a thorough study...
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  • Auditing
    division. The auditor could be ‘blind’ to potential adverse impacts on the client’s accounting systems from products and services provided by their consulting division. Even if the consulting provided unquestionable benefits to the client, the relationship between the audit firm and the client could...
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  • Chile vs. Russia Economic Reform
    always available to all users. ANS: F PTS: 1 21. Under SOX legislation public accounting firms are no longer allowed to provide consulting services to audit clients. ANS: T PTS: 1 22. Under SOX legislation public accounting firms are no longer allowed to provide consulting services to...
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  • Strategic management acccounting
    wooden doors at Andersen's office entrances were removed and the firm adopted a new corporate logo, the rising sun. Soon Andersen partners began offering a new service to clients. Rather than just han­dling the once-a-year audit of the public books, the firm offered to take over the entire internal...
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  • Msc Project
    considerations. Non-audit services (NON-AUDIT SERVICES) may be defined as any services other than statutory audit provided to an audit client. Ethical standard 5 paragraph 6 addresses “non audit services” as involving any engagement in which an audit firm provides as professional services to an audit...
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  • Auditing
    that have clients in different parts of the country or world, • a referral service for a firm to utilize when clients desire expertise or consulting services that the audit firm does not provide. • standard audit programs and/or procedure’s manuals for the member audit firms. In...
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  • Essay
    encounter a service that they expect is attestation, they only have to consider coding it as audit examination, review, or agreed-upon procedures. The system might help decision makers think Classification of Customized Assurance Services by Decision Makers 197 Table 1. Types of Services...
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  • ocean manufacturing,Inc.
    had success building the information systems consulting side of the business for non-audit clients and for audit clients that are not publicly traded. It is mid-January 2012, and you are a newly promoted audit manager in an office of Barnes and Fischer, located in the Pacific Northwest. You have...
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  • Auditor's Independence
    continue audit relationship year after year. Positively, ACNABIN doesn’t engage itself in auditing with whom they have financial or business relationship. Neither Chartered Accountant’s firms are willing to disclose non-audit services provided in the Annual Report nor the clients. Increasing...
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  • It Manager
    network’s highest in the last three years. Deloitte member firms experienced growth in all three major geographic regions— Asia Pacific, the Americas, and Europe, Middle East and Africa (EMEA)—led by exceptional results in developing markets. All four major business functions— Consulting, Financial...
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  • Lakeside Case 2
    , Lakeside would have to delegate auditing and consulting services to different firms to comply with PCAOB requirement of independence. 7. Rogers apparently does not like paying for an audit. Should Abernethy suggest that a review rather than an audit be made of Lakeside’s financial statements? What...
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  • The Fall of Enron
    certain types of consulting with audit clients and disclosure of analyst involvement and compensation with their . rms’ investment banking activities. Other proposals have suggested changes in stock options, like requiring .rms to treat options as a current expense, imposing restrictions on the...
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  • Cap 1
    classified into three groups: (1) independent auditors, (2) internal auditors, and (3) government auditors. Independent Auditors Independent auditors are usually CPAs who are either individual practitioners or members of public accounting firms who render professional auditing services to clients. In...
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