theft. D. Expected effectiveness of controls. 13. The risk that an auditor’s procedures will lead to the conclusion that a material misstatement does not exist in an account balance when‚ in fact‚ such misstatement does exist is referred to as A. Audit risk B. Inherent risk C. Control risk D. Detection risk 14. Evidential matter concerning proper segregation of duties ordinarily is best obtained by A. Preparation of a flowchart of duties performed by available personnel. B. Inquiring whether
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CRUISE SHIP: HOLLAND AMERICA Holland America Line operates a fleet of 15 premium cruise ships offering more than 500 cruises annually on all seven continents. Holland America Line operates Cruise Tours to Alaska that combine a cruise with a land experience. CRUISE SHIPS Make annual World Voyages‚ sailing around the world‚ usually ranging from January to March/April/May. Statendam Class (S Class) - They were the first new HAL cruise ships to incorporate features like the atrium‚ the two-deck
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What are his drives and needs? Would a behavior modification program affect his motivation? Why or why not? The situation in the case exhibits most of the content theories of motivation. The models and their connection to the motivation of Mr. Waverly Bird will be discussed in further details: * Maslow’s Hierarchy of Needs- This model is often better explained with an illustration of a pyramid having different levels together with the two principles known as Deficit and Progressive Principle
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compensation and benefits strategy for Holland Enterprises. Introduction: Holland Enterprises Inc is a large firm with about 3‚500 employees. However‚ the company is facing a huge problem in terms of its human resources as records show that the company has lost over 25% of its workforce since 2007. Exit interviews of leaving staff members show that most of the employees have resigned because of their perception that the compensation and benefit system at Holland Enterprises is very unfair and uncompetitive
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Kenya Trade: Exports 9 Kenya Trade: Imports 9 Flower growing in Kenya 10 Why is Kenya so successful with flower growing? 10 Threats: 10 The Future Prospects and Trends of the Flower Industry in Kenya 11 Background on The Netherlands (Holland) 12 Background and Market Information 12 Flower Industry Background 13 The Dutch Flower Auction Concept 14 Some Lessons the Auctioneers Learned 16 FloraHolland 17 Our Current Situation 20 De Roos Florist – Amsterdam Sloten 20 Supply
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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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ACL ADMINISTRATION PAYCHECK FILE How many records are there in database? There are 147 records in the paycheck file. How many data validity errors are there in the database? There were no validity errors in the database; all records are entered into the system‚ thus makes it all valid. What are the following totals? Gross Pay (TOTAL_GROS) = 178‚831 Taxes withheld (TOTAL_TAXE) = 36‚584 Deductions withheld (TOTAL_DEDU) = 24‚947 Net Pay (NET_PAY) = 117‚292 EMPLOYEE FILE How
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assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
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* Subject Synopsis This course introduces the elements of auditing. It discusses the principles and procedures of auditing‚ types of audits‚ scope and objectives of auditing. It also covers professional ethics in auditing‚ audit evidences‚ audit planning and various other aspects of auditing. Moreover it gives knowledge about objectives of doing audit. The course also aims to explain the liability and responsibility of the auditor and how the computerised environment effects the business environment
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Standards Introduction Self-regulated: the standards governing audits were established by members of the profession themselves Sarbanes-Oxley Acct of 2002 Created: Public Company Accounting Oversight Board (PCAOB) to provide external and independent oversight over the audits of public entities Responsible for registering public accounting firms‚ establishing standards for audit engagements‚ and inspecting the quality of audits conducted by public accounting firms ****Generally Accepted Auditing
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