Does Auditing Matter? Janice Rhodora P. Carpentero La Salle University and Eljoy Delos Santos La Salle University May 22‚ 2013 Does Auditing Matter? SUMMARY: The scrutiny auditing has received post-Enron provides compelling evidence that auditing does matter‚ to answer the rhetorical question posed by the paper’s title. What is unclear‚ however‚ is whether auditing was sufficiently “broken” in the first place to warrant the radical reforms and changes effected
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“The way to prevent drug abuse is through education not legislation.” Discuss. Posted on January 4‚ 2012 Has law ever been successful in stopping people from abusing drugs? Drug abuse‚ seen among the youths‚ is a serious problem even in developed countries just because it cannot be prevented by means of legal procedure. Education‚ on the other hand‚ gives us light‚ sight and insight and hence makes us aware of the health hazards caused by the abuse of drugs. Since education is the path shower
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rELIANCE FRESH EXECUTIVE SUMMARY Giant corporations like Wal-Mart and Reliance have started to try and take over the Indian retail sector. The entry of the giant corporate retail in India’s food market will have direct impact on India’s 650 million farmers and 40 million people employed in tiny retail. More than 6600 mega stores are planned with Rs. 40‚000 crore by 2011.. Even after recent shutdown of Reliance fresh stores from UP and unwelcoming vibes from
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company directors‚ audit firms and the investing public. An array of factors contributed to these events‚ but one thing is for certain – the billions of dollars in corporate value lost was due in significant part to unscrupulous management and boards of directors that failed to meet their responsibilities. The accounting profession‚ including auditors‚ also played a major role in these events. While the story behind these corporate failures is always complex‚ a lack of ethical behaviour by many
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committed offence under the agreement. He needs to make sure his staff employees know enough about a product to advertise in the newspaper and they are accurately representing to its customers‚ and not to make up something they do not know. His defences might be successful when he has a proof to show a memo given to a staff employee arranging a local garage to give a technical description of the damaged tractor to allow a tender advertisement to be placed in the newspaper. On the other hand‚ he may receive
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that everyone likes you but yourself” - Rita Mae Brown Growing up‚ conformity was never a factor in personal happiness .there was no trends to follow‚ everyone was equal and opinions didn’t matter no changed how a person felt about themselves. But through the transition from a child to a young adult leading into adulthood‚ personal happiness went from being a priority to an option. Therefore changing ones thoughts and diminishing self-confidence. Currently‚ in society‚ we as humans tend to create a
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example‚ an interested customer goes onto the Internet‚ prices and orders a computer customized with a desired set of components‚ and two to three days later it is delivered right to their doorstep. Due to the seamless nature of the ordering and delivery process‚ the customer fails to notice the tremendous undertaking of coordinating with different suppliers‚ meeting demands of its customers‚ assembling a built-to-order computer for each customer‚ and even efforts involved in delivery of the product
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INTRODUCTION This report consists of 5 reflections related to auditing standards and each case was extracted from internet sources. The purpose of this report is to reflect and understand each case. REFLECTIONS First reflection is on China sky case for its non-compliances with SGX. Next is the case on corporate governance where new rules were proposed to improve risk management and risk control. Third will be the extracted information of executives’ compensation in
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Financial Control Auditing in an Electronic Environment (e-Auditing) Presented to Dr. Marwa Tarek Presented By: Pierre Guirguis 9104428 Rimon Abd El-Meseih 9104386 Mahmoud Mohamed Refaat Auditing in an Electronic Environment (e-Auditing) * What is e-Auditing? Electronic auditing‚ or e-Auditing‚ is computer-assisted auditing that uses electronic records to complete all or part of the audit. If you use a computer to record your business activity and maintain this data electronically
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[pic] ACCTG 312 SC 2012: Assignment 1 Current issues – scandals in auditing Introduction • For this assignment‚ you are required to research and report back on one of four well known scandals that involve auditors in some way. • It can be commenced after week 1 lectures are completed‚ so gives you a chance to get part of your semester’s work done early. It is due in week 3 (Thursday at 4 pm). • You will also be required to very briefly report to your tutorial group on one interesting
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