Invaluable Service of Forensic Accountant Recently‚ during a regional seminar on forensic accounting‚ some of the accountants expressed their doubts about the role of Forensic Accountants in the assessment of the various types of insurance claims‚ and especially a business interruption claim. However‚ based on my experience‚ any dispute stemming from a business interruption claim is rare if good forensic accountants are involved. Their involvement at a very early stage of the claim has resulted
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Page - 1 - of 4 CHAPTER 1 Audit and Review 1 WHAT IS AN AUDIT An audit has been defined as “an independent examination of‚ and expression of opinion on‚ the financial statements of an enterprise by a duly appointed auditor in pursuance of a relevant statutory or professional obligation”. Independent – an auditor is remote from the enterprise that he/she is reporting on. This independence is defined by law and professional practice. Opinion – an auditor gives an opinion. He does not certify
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Recommendation Brief for an Internal Accountant Recommendation Brief for an Internal Accountant A client has an out-of-control system that is in need of change to get it back into control. Internal controls are an important part of a company. The role of internal controls is to keep mistakes from occurring as much as possible. It also aids in preventing individuals from being dishonest. The system the client is using is out-of-control‚ and it is highly recommended that the company
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Certified Public Accountant As a Public Accountant you must have strong knowledge in accounting or at least work with the firm. Strong leadership and critical thinking‚ decision making is one of the responsibilities as an accountant. The word Public Accountant is to serve with the government and knowledge about Law’s making accurate financial statements; balance sheet‚ income statement‚ statements of cash flow including auditing‚ reporting‚ posting and balancing. An Accountant must be a positive
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duties of professional accountants Ethical principles of auditors Technical and ethical competence of auditors Essential disciplinary measures for auditors 2 Concept of a profession • Five attributes of a profession – a systematic body of theory – authority of professional bodies – community sanction for control over membership and accreditation – ethical codes – a professional culture 3 The duties‚ rights and values of a professional accountant • Duties to sustain a fiduciary
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Memo To: From: Date: October 7‚ 2012 Re: Hiring a managerial accountant for internal accounting The purpose of hiring a managerial accountant is to focus on the internal accounting system. His or her goal will be to comply with the outside demand of bankers as well as summarize the data that will be used to manage and control the business better. He or she will be responsible for paying close attention to short-term goals on day to day basis and make sure that the long-term goals of the
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profound characters in his novella Heart of Darkness. These characters‚ such as the Chief Accountant‚ are used to expose the truth about humanity. The Chief Accountants appearance is particularly interesting – a “high starched collar‚ white cuffs‚ a light alpaca jacket‚ snowy trousers‚ a clear necktie‚ and varnished boots” (p. 19) – a strange attire for someone working in the heat and filth of the Congo. The Accountants wardrobe represents his feeling of superiority over the people of the Congo‚ and how
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little change in the skills of the Management accountant but there has been massive changed in the business environment and this raised a lot of criticism. Although the skills of the management accountant have had to change in the past number of years‚ the traditional skills have become less central yet remain still important. A broader range of skills‚ not all purely accountancy related‚ have come into the skills portfolio of a management accountant. Yasin et Al 2005 presents the new skills
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Discuss the opportunity cost of getting your MBA. What steps and economic factors must a student make when choosing between getting a degree and taking another route in life? Feel free to include aspects from your own decision to pursue your MBA. When considering to starting an MBA program‚ there are many questions that you have to ask yourself. Can I afford the program? Will it help me to become more marketable in the job industry? Will I have time to dedicate into completing coursework?
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organization to deploy resources into new opportunities. Strategic management is important for Chartered Accountants‚ CEO‚ Directors‚ Managing Directors‚ Strategy Planners‚ Students and Faculty Members of BBM‚ MBA‚ M.Com‚ PGDM‚ PGDBM‚ PGDHRM‚ ICFAI and competitive examinations in India and abroad. I invite suggestions from one and all for improvements in next edition of this book. Many individuals have rendered their helping hand to me. I take this opportunity to thank all of them. I thank Dr. D.M.
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