FINAL PAPER CAS 610‚ Using the Work of Internal Auditors Paper for ACCT 343 Auditing Wendy Popowich Carrie Prosser Bachelor of Applied Business Administration – Accounting NAIT School of Business Submitted: October 20‚ 2010 Due: October 20‚ 2010 TABLE OF CONTENTS Executive summary 3 Introduction 4 Limitations in changes to the ISA 610 before implementation….. 5 Format and wording changes within the exposure draft 5 Using direct assistance from internal auditors 6 Using examples in the proposed
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HOW DOES SPONSORSHIP WORK? 6. To get a licence‚ you must apply to us‚ supplying specified documents to prove that you are suitable and eligible. These documents are listed in Appendix A which is separate to this guidance booklet. We will carry out appropriate checks before deciding whether to grant you a licence. We may refuse your application if there is anything in your history or your Key Personnel’s (see paragraphs 86-120) history that suggests you could be a threat to immigration
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WHY IS AUDITOR INDEPENDENCE SO IMPORTANT? Auditing is the efficient critical examination done by one person or group of people’s independent from the system audited. To do an audit‚ confirmed information must be present and some standards by which the auditor can evaluate the information. Another is gathering and evaluating any information to determine whether the information being audited is identified in accordance with establish criteria to satisfy the purpose of the audit and also auditors must
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Explain how the procedures of the work setting protect both children and young people and practitioners. Not only do Gap Club’s procedures protect the children who attend the club but they also protect the staff too. An example of this would be the policies and procedures relating to the receipt‚ storage and administration of medicine. All staff at Gap know that this should be strictly adhered to as the aim of the policy is to protect us and the children against medication errors. The dose and
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EXPLAIN THE RESPECTIVE ROLES AND RESPONSIBILITIES OF MANAGEMENT AND AUDITORS IN THE PREVENTION AND DETECTION OF FRAUD. The primary responsibility for fraud detection lies with management. This arises due to a contractual duty of care. Directors are able to discharge their duty toward prevention and detection of fraud and error in many ways‚ for example: * Complying with the Combined Code on Corporate Governance * Developing a code of conduct‚ monitoring compliance and taking action against
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Should Both Parents Work If you are married it is likely that both you and your spouse work outside the home. Dual income with no kids would be the norm. But‚ what happens when you and your spouse start having children? Realistically is it necessary for both parents to work while raising young children? This debate has stirred up much conflict in today and time. There are two very conflicting answers. The first answer states the cost of raising and supporting a family is so high that in order to
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Introducing the Sa Sa International Holding Limited (China) Sa Sa International Holding Limited‚ a Hong Kong leading cosmetics retailing group in Asia. Sa Sa has approximately 220 stores and retail counters across different regions in Asia. Together with it owns brand and other international brands; Sa Sa offered over 600 brands of skin care‚ and fragrance‚ make-up and hair care products. In 2005‚ in order to track the fast growing trend of China Cosmetic industry‚ Sa Sa International Holding Limited
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Auditor Quality 1. Introduction Over the past 20 years‚ research has been carried out to interpret audit quality and still no agreement on the method of measurement for audit quality. This is because audit quality depends on individual understandings‚ and those conceptions rely on whose perspectives are taken into consideration. The International Auditing and Assurance Standards Board’s (IAASB) lately established Framework for Audit Quality (the Framework) in the purpose to systemize the
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Auditor Rotation | Raising Auditor ’s Independence | Proposed By: Varun Basantani | Auditor Rotation- Raising Auditor ’s Independence ------------------------------------------------- Abstract: The question for mandatory audit rotation has been a concern to academics‚ investors‚ practitioners and the public at large. This paper is designed to determine the relationship between mandatory audit rotations and audit Independence. The paper makes an earnest effort to evaluate the need
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What is SAS SAS is an abbreviation for Statement of Auditing Standards‚ which provides guidelines on generally accepted auditing standards. Accounting Standard Board (ASB) issues them on matters that deal with the preparation and issuing of audit reports for non-users. Statement of Auditing Standards has different sections - each dealing with professional standard with an assigned standard number. SAS 115 It establishes the procedures and process of communicating internal control related matters
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