Already‚ there is a Keystone Pipeline in existence‚ which runs from fields of oil sand starting in Canada to the U.S. The Keystone XL Pipeline 2‚000 long would be an expansion of this‚ causing somewhat of an economic issue regarding employment and that would only be the beginning of many issues. TransCanada is the company that has been striving for this project to begin; A connection to Cushing‚ Oklahoma where there is currently an oil jam to the Gulf Coast of Texas‚ where the destination of oil
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Alternative Investments Among the five funds‚ three of the funds‚ Cloudy Retirement 500 Index‚ Cloudy High-Yield Hedge Strategies‚ and Cloudy Real Estate All starts‚ are alternative investments. Those three funds‚ as the case states‚ are not registered under the Investment Company Act of 1940 or under the Securities Act of 1933. Thus‚ they are not offered to the investing public or are not been required to offer significant information to public. Moreover‚ the investment product held by Cloudy High-Yield
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Notes on Apollo Shoes Audit Case Task #1 (Overview/Intro) Go to the “Weekly Materials” folder and locate the “Apollo Shoes Files” folder‚ between the week 1 and week 2 folders. Under this menu you will find a file entitled Apollo Shoes Case Study.doc. This file gives you all of the details and evidence that you will need for the case. We will only be completing specified sections of this case as discussed below. Review the table of contents in the case document (page 4.) This will tell you
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field work requires that we obtain a sufficient understanding of the client’s internal controls (I/C) to plan the audit and assess control risk. We hope that our assessment of control risk shows it to be low so that we can reduce substantive testing‚ thereby reducing audit costs. When EDP is used in significant accounting applications‚ then you must consider the effects the computer has when evaluating the internal controls. The auditor’s approach to considering I/C is the same in a computerized
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not concern about them. In 2015‚ the United States’ president Barack Obama took the first step to make aware the world about the detrimental effects of the petroleum to the environment because he denied the construction of an oil pipeline‚ called Keystone Pipeline XL‚ that would connect Texas with Canada’s oil mine in Alberta. Obama stated that the elaboration
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Audit Evidence This chapter deals with the types of evidence decisions auditors make‚ the evidence available to auditors‚ and the use of that evidence in performing audits. NATURE OF EVIDENCE • Evidence is any information used by the auditor to determine whether the information being audited is stated in accordance with the established criteria. • Evidence includes information that is highly persuasive‚ such as the auditor ’s count of marketable securities‚ and less persuasive information
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How to Conduct Tax Audit – Part 1 Analysis of Certain Clauses Audit under Section 44AB of the Income Tax Act By Raman Jokhakar‚ Chartered Accountant Objective To understand the purposes of this Form To learn nuances of the clauses To understand audit risk To effectively carry out attestation To document adequately To disclose standard notes‚ limitations and stands To know inter links between clauses To be aware of important stands taken by Courts To understand the objective of the
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2318 Information System Audit Outline: 1) Introduction to IT audit‚ purpose Types of IT audits‚ history of IT audit‚ major events that have prompted the use of and been solved using IT audit techniques. IT Audit process outline; process and phases. Planning the audit‚ materiality‚ risk assessment. 2) Effective information system audit. Evaluation of controls‚ types and tests of controls. Audit sampling‚ sampling methods‚ sample evaluation. 3) Audit automation and system
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Sam Li Case: Jamaica Water Properties 1. Place yourself in David Sokol’s position. After discovering the suspicious items in JWP’s accounting records‚ would you have taken a different course of action than he did? Why or why not? I doubt if I can reach the position that David Sokol had in my career’s life. However‚ let say that if I was in David Sokol’s position‚ I would probably do the same thing David had done. I believe the proper working ethics are accountability‚ professionalism and
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Comprehensive Case 1.1 Enron 1. There were several parties responsible for the "crisis of confidence" created by the Enron debacle. Enron’s executives were responsible for their behavior in trying to adjust their financial statements. Andersen’s auditors were responsible for not doing their jobs with integrity and not keeping their independence in from Enron. Regulatory groups were responsible for making
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