Roles and Duties of Auditors Taylor Hibma Taylor Hibma lives in New York City and began writing professionally in 2007. His articles have appeared primarily on the websites eHow and Pluck on Demand. Hibma has a bachelor’s degree in English and is pursuing a master’s degree in creative writing at the City College of New York. He has also received a certificate in filmmaking from the Digital Film Academy. Auditors are responsible for gathering and analyzing various types of financial information
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a. There are three ways of managing reported earnings and the reasons behind each way may be different. (1) Report lower earnings. Managers intend to report lower earnings for mainly three reasons. Firstly‚ they want to hide profit for future use. In some years‚ the company presents a strong performance and has earned huge profit; however the manager may worry that the company’s future performance would not be as strong as current year‚ which gives them the incentive to save the profit by reporting
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effective in preventing major scandals on the lines of Enron and Worldcom. 1.0 ABSTRACT 2.0 ENRON-CORPORATE FIASCOS 3.0 HOW DID THE AUDITORS FAIL TO CATCH PROBLEMS AT ENRON? 4.0 HOW TO PREVENT RECURRENCE OF ENRON? 5.0 NEW RESPONSIBILITIES OF AUDITORS ACCORDING TO SARBANES-OXLEY ACT 2002 6.0 CONCLUSION 7.0 REFERENCES 1.0 ABSTRACT The responsibility of an auditor is to express an opinion on the financial statements based on his audit which means verification or check in accordance with International
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Introduction Independence is a fundamental to the reliability of auditors’ reports. It is an attitude of mind characterized by integrity and an objective approach to professional works. A professional auditor should work both independent and seen to be so. Nowadays‚ but‚ the trend of providing non-audit services to audit clients seem to be sweeping accounting firms all over the world; impacts of independence impairment caused by this trend should not be ignored. The Meaning of Independence The
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Case 8-13 Mohamed Salem El-Hadad‚ Internal Auditor 1. Identify and briefly describe the legal protections that “whistleblowers” have in the United States. Sarbanes-Oxley Act Section 806: Whistleblower Protection “SEC. 806. PROTECTION FOR EMPLOYEES OF PUBLICLY TRADED COMPANIES WHO PROVIDE EVIDENCE OF FRAUD.” “Sec. 1514A. Civil action to protect against retaliation in fraud cases (a) WHISTLEBLOWER PROTECTION FOR EMPLOYEES OF PUBLICLY TRADED COMPANIES- No company with a class of securities registered
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Safeguard of auditor independence (i)Established An Audit Committee We support the given measure as Sarbanes-Oxley Act of 2002‚ Section 204 requires auditors reports to audit committee (www.sarbanes-oxley.com).First‚ such committee is independent non-executive directors provide auditors an independent point of reference than executive directors of the company. Second‚ it enhancing the independence of auditors by provides a direct channel of communication between top management and the auditors. As such
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Benefits of Using the Ashford University Library Christopher D’Angelo INF103: Computer Literacy (ACD1519D) Instructor: Brian Hereford May 6th 2015 There are many benefits to using the Ashford University library. In this paper I will explain the differences between scholarly and popular resources‚ along with providing a few examples to help better understand the differences. I will also talk about key things to remember when searching for sources within the Ashford University Library. Some examples
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A Framework for Auditor Independence The ISB lays a foundation for future guidance. By Susan McGrath‚ Arthur Siegel‚ Thomas W. Dunfee‚ Alan S. Glazer and Henry R. Jaenicke January 2001 EXECUTIVE SUMMARY THE INDEPENDENCE STANDARDS BOARD issued an exposure draft for a conceptual framework for auditor independence containing the concepts and basic principles that will guide the board in its future standard setting. THE NEED FOR A FRAMEWORK AROSE FROM the jumble of confusing independence rules
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Republic of the Philippines LOPE DE VEGA NATIONAL HIGH SCHOOL Lope de Vega‚ Northern Samar THE BENEFITS OF USING LASER COMMUNICATION TECHNOLOGY A RESEARCH PROJECT PRESENTED TO THE FACULTY OF LOPE DE VEGA NATIONAL HIGH SCHOOL IN PARTIAL FULLFILMENT OF THE REQUIREMENTS IN SCIENCE AND TECHNOLOGY IV Presented by: MARCO C. SALUDARIO 4th Year Student Presented to: MRS. MARLITA J. DELOS SANTOS Subject Teacher 19 FEBRUARY 2013 ABSTRACT Laser communication‚ often referred to as free-space optics (FSO)
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The Benefits of Using the Organizational Socialization Process Will Kirkbride Florida Institute of Technology Abstract This paper discusses the benefits of adopting successful organizational socialization (OS) programs within companies. Many organizations utilize socialization programs in order to train‚ mentor‚ and retain employees in the company so they can provide the best service possible to the company and enjoy being a part of the company. Companies lose most of their new employees within
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