20‚ No. 2‚ 203– 222‚ April 2011 Adding Value to Audit Education through ‘Living’ Cases JULIE DRAKE University of Huddersfield‚ UK Received: November 2009 Revised: July 2010 Accepted: September 2010 ABSTRACT This paper seeks to address the perceived failure of university teaching to foster critical understanding of audit practice and to identify a potential remedy. It contributes to the debate (Maltby‚ 2001‚ “Second thoughts about ‘Cases in Auditing’‚” Accounting Education: an international
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Question 1 - Risks surrounding the identified accounts The Audit of TNO Ltd has highlighted number of risks. The risks highlighted in the audit are discussed throughout the report. Below is a table of the risks and tests to carry out‚ based on the five accounts highlighted as being of risk. The common assertion that is common to the five accounts is valuation and allocation. Account Assessment of Risk Substantive audit procedure Accounts Receivable Account Receivable has increased while sales
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protections that were set up by companies such as Chiquita and Dole whose laborers could not unionize and were cheaper/unfair worker conditions (Malek 2/22). The WTO decides to take action and cut into foreign investment of the banana industry in Jamaica because there would no longer be a market to sell via foreign investors 85 Smallman and Brown “Banana wars US could put tariffs on trades from the UK through tariffs putting competition damage to European businesses getting rid of the private business
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such as NCB; it is rather a bank for banks. In Jamaica the central banking function is carried out by the Bank of Jamaica (BOJ). This institution is located in the city of Kingston. The Bank of Jamaica plays a fundamental role in the Jamaican economy. According to the Bank of Jamaica website‚ this institution was established in recognition of the need for an appropriately regulated financial structure to encourage the development process as Jamaica was about to embark on the road to political independence
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– Skills Module‚ Paper F8 (UK) Audit and Assurance (United Kingdom) 1 (a) (i) Importance of reporting to those charged with governance June 2013 Answers In accordance with ISA 260 (UK and Ireland) Communication with those charged with governance‚ it is important for the auditors to report to those charged with governance as it helps in the following ways: (1) It assists the auditor and those charged with governance in understanding matters related to the audit‚ and in developing a constructive
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456 Chapter Eleven Appendix 11B Illustrative Audit Case: Keystone Computers & Networks‚ Inc. Part III: Substantive Tests—Accounts Receivable and Revenue This part of the audit case illustrates the manner in which the auditors design substantive tests of balances. The substantive tests are illustrated for two accounts—receivables and revenue. This aspect of the audit is illustrated with the following audit documentation: • ABC’s risk assessment working paper that combines the auditors’ assessments
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After reading Jamaica Kincaid’s “On Seeing England for the First Time” it’s evident that Kincaid’s life revolved around the English. Jamaica Kincaid grew up like one of the English from eating huge portions for breakfast‚ to her father buying the same hat that was “Made in England”‚ but what really stood out was Kincaid’s street name: John Hawkins. Kincaid’s grew up in St.Johns Antigua‚ Ovals where there were five streets “each of them named after a famous English seaman…” her street was John Hawkins
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WATER‚ WATER EVERYWHERE Prepared for Prepared by Water makes up almost 70 (seventy) percent of the human body and without it‚ it has been said that the body cannot be sustained and would therefore perish. Every nutrition class or article that I have ever read‚ has always touted water as the “elixir of life”. In my humble opinion that makes water a basic necessity for the sustainment of life and the access to free water a basic right for all people. However‚ if the water was on pre-owned property
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that my mother is from Martinique‚ a French colony: Jamaica is an English colony. We don’t get many visitors at Coulibri Estate‚ our home‚ since my father passed away. When I asked my mother why‚ she simply blamed it on the so called “terrible road” from Spanish Town. What she doesn’t know‚ however‚ is that I’m aware of the real reason: Her. My mother’s only friend is Mr. Luttrell‚ our neighbor. THey chat about the recent emancipation of Jamaica quite frequently and the fear of an ex-slave uprising
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Plot is an element of fiction that if narrated well‚ can shape a character and intrigue a reader. Susan Minot and Jamaica Kincaid demonstrate in their respective short stories‚ "Lust" and "Girl" that this component is not necessarily required in order to create a character. Moreover‚ in these two cases the creation of the main character is stronger through the abstinence of this feature. Through explication of the text‚ we can see how the overpowering strength of the characters makes up for the
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