II. Accounting and Auditing in the Philippines T his chapter presents an overview of Philippine accounting and auditing arrangements. It provides context for the following chapters on professional infrastructure‚ accounting and auditing standards‚ accounting and auditing training‚ and government budgeting and accounting arrangements. The chapter comprises eight sections‚ as follows: Part One: Accounting 1 – Introduction – identifies historical factors that have influenced accounting arrangements
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Identify the skills or areas that need development • Find development opportunities • Create an action plan • Undertake the development • Record the outcomes of the development activity • Review and evaluate the outcome and benefits Self development is also an important factor in continuing professional development It is important in the managerial context as it helps you towards a continual process of achieving your aims and objectives through knowledge of strengths and
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Mandatory Audit Firm Rotation – A Literature Review Introduction Since the passing of the Sarbanes-Oxley Act of 2002‚ much debate has occurred concerning mandatory auditor rotation for publicly held companies. Most corporate scandal involves dishonest or questionable accounting. This realization has brought about the priority to take more measures are taken to assure companies disclose the most reliable financial information. It is believed that a lack of auditor independence may be to blame
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In The Other Wes Moore by Wes Moore‚ two boys grew up in similar neighborhoods‚ both spent time on street corners with their crews‚ and both ran into trouble with the police‚ but one Wes Moore became a successful business leader while the other Wes Moore became a convicted felon. A single change made in someone’s life can leave him or her with an entirely different outcome. Society has a huge impact on the development of characters throughout the novel. The theme in The Other Wes Moore‚ when a
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Animal Farm that “All animals are equal‚ but some animals are more equal than others”. Initially I struggled to grasp the true meaning of Orwell’s quotation. It was not until I viewed that quote again‚ with a more worldly perspective did I realize another interpretation: the animals were not representative of animals but rather of human beings. What did Orwell mean when he said that some animals were more equal than others? John Locke argued in his Essay Concerning Human Understanding that the human
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In the novel “Catcher in the Rye” by J. D. Salinger‚ we are given this protagonist by the name of Holden Caulfield who feels like he’s trapped on “the other side” of life. Throughout the novel‚ we read into why Holden is the way he is. There are two traumatic events that take place in Holden’s life. The first of the two is when his brother Allie had died of leukemia. The second experience is when a boy by the name James Castle commits suicide after being a victim of severe bullying. The suicide of
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be compelled; they must be able to choose their own leader." Albert Einstein “No man is good enough to govern another man without that other ’s consent.” Abraham Lincoln Why are some leaders more powerful than others? Is there one “best style” of leadership or does it depend on who is following? Do women followers prefer a different leadership style than men followers? When I think of great leaders‚ a few names come to my mind: Abraham Lincoln‚ Mahatma Gandhi. A strong leader has the
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Nature of Auditing and the Public Accounting Profession 1. Auditing neither creates goods nor adds utility to existing goods and therefore does not add value to business. Auditing exists only because it has been legally mandated. Auditing exists because it is needed by the company. It is beneficial to users who need assurance if their financial statements reflect economic conditions that occurred in a period. Without reliable information‚ companies might make less effective decisions which
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classrooms‚ conflict is necessary to achieve student abilities to devise their own perspective and form different judgement on a topic which helps gain knowledge. In the essay “Other Voices‚ Other Rooms‚ by Gerald Graff‚ a professor of English and education writes about “the chance to try on a variety of clashing ideas‚ to see what they feel like‚ is one of the most exciting opportunities an education can provide”‚ which is known as conflict in a classroom. While keeping a degree of pluralism and diversity
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Why some water samples can be harder than others (1)Hard water is any water containing an appreciable quantity of dissolved minerals. (2) Some of the minerals come from chalk‚ limestone or marble‚ which the water may have flowed over or through. (4) Hard water contains calcium or magnesium ions. Limestone‚ marble or chalks are insoluble in pure water however they will dissolve slowly in acidic rain. If your water has emerged through limestone or chalk (calcium carbonate) it will be hard. (1) Soft
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