1. What is external validity? a. External validity is the extent to which findings may be generalized. (Page 292) 2. Why should a researcher be concerned about generalizing to other populations? a. Researchers should be concerned about generalizing to other populations‚ because if their research is not generalizable then their findings will be limited to only one population and will not have a far-reaching effect. (Page 292) 3. How can the fact that most studies are conducted with college students
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The Importance of External Auditor’s Independence According to Gillespie‚ Lewis and Hamilton (2004:221) an audit is: “a scrutiny of the accounts by a qualified auditor who carries out checks on the figures so as to establish whether the accounts show a true and fair view of the results and the financial position of the entity.” According to Wikipedia (2011a)‚ auditor independence refers to “an attitude of mind characterized by integrity and an objective approach to the audit process”. Independent
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The need for an external audit in the case of companies arises primarily from the existence of split-up of ownership from control. When control is shared an audit report will be needed in order to ensure that all the partners or be it shareholders are on the same page as the managers (the ones who will be controlling the company) and know what has been happening in the company‚ what is happening at present and what can be expected to happen in the future in order to increase returns in the company
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for external auditors to be independent? Relate your answer to the primary role of external auditors? By Zachariah Godfrey-Plews This essay has asked me to look at the importance of external auditors and why it is vital for them to remain independent. I will try and look at the many ways of the advantages of independent auditing from different perspectives for example the company itself‚ the general public and the state. I think it is important to first define what an audit and an external auditor
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Why is it important for external auditor to be independent? Throughout the years‚ banks‚ shareholders‚ possible investors and creditors always relied on the financial statements produced by a company. Since the management of a company is producing these documents it has been assumed that the managers may act dishonestly so that their performance looks better. To monitor the company’s performance better the directors along with the shareholders employ external auditors to check all these financial
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Visible Spectrophotometry (External Calibration Method) Group Members: Cabahug‚ Elisha Niña M. Date Performed: November 20 & 22‚ 2012 Mejia‚ Helen Mae N. Date Submitted: November 29‚ 2012 Score: I. Introduction Spectrophotometric measurements with UV or visible light radiation are useful in detecting transition metal ions and highly conjugated organic compounds. In UV and visible light regions‚ energy spaces molecules undergo electronic transitions. By comparing the spectrum
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The Difference Between External Auditing and Internal Auditing Jessica LeGrand Auditing – ACCT 420 Mrs. Hayes October 30th‚ 2012 Auditing was primarily as a method to maintain governmental accountancy and for record-keeping. It wasn’t until the 1800s during the Industrial Revolution that auditing expanded into a fraud detection and financial accountability field. Now audits are performed to manage and confirm the correctness of a company ’s accounting procedures. Auditing evolved into
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responses were analyzed using the percentage method. The hypothesis was tested using the chi-square method. The study revealed that there is need for the audit of public enterprises in Nigeria; there is objectivity in the appointment of the external auditor for the audit of public enterprises in Nigeria; and that the independence of the auditor has a significant impact on the accountability disposition of Nigerian public enterprises. It was also found that provision of other services by the
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Abstract This report focuses on ways to improve communication between auditors and external users via audit report. Problems with current audit report are identified and two alternatives are proposed‚ which are: • Short-form audit report • Free-form audit report The report also evaluates these two alternatives respectively and concludes that before any change in relevant legislation and social environment‚ it is feasible for professions to make the report more concise and readable while the introducing
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Financial Statements for Internal Reporting Purposes vs. Financial Statements for External Reporting Purposes It is common in most companies to maintain two set of financial statements; one being used/presented for internal reporting purposes and another for reporting externally. Internal reports are used primarily to aid management in the decision making process throughout the course of the business. These are subject to internal audit to make sure that all information reported are fair and correct
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