.../assignments/data_sources 3. Which of the following are examples of manipulation and transformation commands? (Choose all that apply.) a. sed b. pr c. join d. paste 4. Which of the following is true of the pipe operator? (Choose all that apply.) d. It redirects the output of one command to the input of another command. 5. Because the data was formatted the same in two inventory files, you decided to combine their contents into one file. Now you want to determine if there are duplicate entries on consecutive lines in the new file. Which of the following commands enables you to find the duplicate entries? c. uniq 6. Your friend is using the command comm entryfile, but is getting an error message. What is the problem? (Choose all that apply.) b. It is necessary to use either the -m or -t option with the comm command. 7. Your boss is trying to import the customers file into her spreadsheet program, but the data goes into the spreadsheet incorrectly. This is because the fields are separated by dashes (-) and the spreadsheet program requires the fields to be separated by colons (:)....
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...Student Program Audit Report SECTION 1: PROGRAM INFORMATION Program Title:BACHELOR OF SCIENCE IN BUSINESS Program ID:BSB/M~025A Program GPA:2.52 Admission Status:Admitted (01/18/2012) Program Academic Status:Regular (08/10/2011) Evaluation Status:Matriculated (01/11/2012) Student Academic Status:Regular (06/22/2011) SECTION 2: PROGRAM REQUIREMENTS SUMMARY CREDIT SUMMARY REQUIRED APPLIED DEFICIENT Maximum Lower Division Credits 75.0 69.0 0.0 Minimum Upper Division Credits 45.0 51.0 0.0 120.0 120.0 0.0 CREDIT TOTALS SECTION 3: REQUIRED COURSE OF STUDY GRADE REQUIRED APPLIED DEFICIENT Required Course of Study 63.0 63.0 0.0 Introductory Course 3.0 3.0 0.0 3.0 3.0 0.0 3.0 3.0 0.0 3.0 3.0 0.0 3.0 3.0 0.0 GEN/200 FOUNDATIONS FOR GENERAL EDUCATION AND PROFESSIONAL SUCCESS (LD) (3.0 credits) C Communications BCOM/275 BUSINESS COMMUNICATIONS AND CRITICAL THINKING (LD) (3.0 credits) D Business Information Systems BIS/220 INTRODUCTION TO COMPUTER APPLICATIONS AND SYSTEMS (LD) (3.0 credits) C Management I MGT/230 MANAGEMENT THEORY AND PRACTICE (LD) (3.0 credits) B+ Accounting I AC 201 PRINCIPLES OF ACCOUNTING I (LD) (3.0 credits) B NOTE Page 1 of 4 This audit provides an official summary of your applied and deficient credits as of the run date and time listed above, but is subject to change. Please review...
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...1666 K Street, NW Washington, D.C. 20006 Telephone: (202) 207-9100 Facsimile: (202) 862-8430 www.pcaobus.org ) CONCEPT RELEASE ON AUDITOR ) INDEPENDENCE AND AUDIT FIRM ) ROTATION; ) ) NOTICE OF ROUNDTABLE ) ) PCAOB Release No. 2011-006 August 16, 2011 PCAOB Rulemaking Docket Matter No. 37 Summary: The Public Company Accounting Oversight Board ("PCAOB" or "Board") is issuing a concept release to solicit public comment on ways that auditor independence, objectivity and professional skepticism could be enhanced. One possible approach on which the Board is seeking comment is mandatory audit firm rotation, which is explored in detail in this release. However, the Board seeks advice and comment on other approaches as well. The Board will also convene a public roundtable meeting in March 2012, at which interested persons will present their views. Additional details about the roundtable will be announced at a later date. Public Comment: Interested persons may submit written comments to the Board. Such comments should be sent to the Office of the Secretary, PCAOB, 1666 K Street, N.W., Washington, D.C. 20006-2803. Comments also may be submitted by e-mail to comments@pcaobus.org or through the Board's Web site at www.pcaobus.org. All comments should refer to PCAOB Rulemaking Docket Matter No. 37 in the subject or reference line. Comments should be received by the Board no later than 5:00 PM EST on December 14, 2011. Board Contacts: Martin F. Baumann, Chief Auditor...
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...Code of Ethics Fundamental Principles Integrity Objectivity Professional competence and due care Confidentiality Professional behaviour * * APES 110, s290 provides specific guidance on independence requirements for audit and review engagements, while s291 provides similar requirements for other assurance engagements (don’t quote s291 or marks deducted in first assignment) Corporate Governance System by which companies are directed and managed covers conduct of board of directors Independent Director A director will not be independent if he/she Substantial shareholder Employee in executive capacity in the last three years Principal, employee of advisor/consultant role in last 3 years A material supplier or customer Material contractual relationship with the company Served on the board for a period Has an interest or relationship that could reasonably be perceived to interfere with the directors ability to act in the companies best interest Corporate Governance – the UK 1992 committee on the financial aspects of corporate governance issued the Cadbury report Corporate Governance – Australia 1991 Corporate Practices and Conduct was set Groups in Australia advocating corporate governance ASX ASIC + few more * * ASX Corporate Governance Council’s Principles of Good Corporate Governance Principle 1: Lay solid foundation for management and oversight Principle 2: structure the board to add value Principle 3: Promote ethical and...
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...“A STUDY ON BANK AUDITING” BACHELOR OF COMMERCE BANKING & INSURANCE SEMESTER V (2013-14) SUBMITTED BY: ANERI SHAH ROLL NO - 88 PROJECT GUIDE: PROF. SONALI DEOGIRIKAR K.J SOMAIYA COLLEGE OF ARTS,& COMMERCE, VIDYAVIHAR (EAST), MUMBAI-400077 K.J.SOMAIYA COLLEGE OF ARTS, & COMMERCE, VIDYAVIHAR (EAST), MUMBAI – 400077 PROJECT ON: “A STUDY ON BANK AUDITING” BACHELOR OF COMMERCE (B&I) SEMISTER V (2013-2014) Submitted In Partial Fulfillment of the requirements For the Award of the Degree of Bachelor of Commerce- Banking & Insurance By Ms. ANERI SHAH ROLL NO.88 K.J.SOMAIYA COLLEGE OF ARTS, & COMMERCE, VIDYAVIHAR (EAST), MUMBAI-400077 CERTIFICATE This is to certify that Ms.ANERI SHAH of B.com. Banking & Insurance Semester V (Academic Year) 2012-2013 has successfully Completed Project on “A STUDY ON BANK AUDITING” under the guidance of PROF.SONALI DEOGIRIKAR (Mrs.SMITA DAYAL) (Dr.SUDHA VYAS) Course co-ordinator Principal INTERNAL EXAMINER EXTERNAL EXAMINER (Mrs. SONALI DEOGIRIKAR) Project Guide DECLARATION I, Ms. ANERI SHAH the student of B.com - Banking & Insurance - Semester V (2013-2014) hereby declares that I have completed Project on “A STUDY ON BANK AUDITING”. Wherever the data/information has been taken from any book or other sources have been mentioned in bibliography. The information submitted is true and original to the best of my knowledge. Student’s Signature Ms. ANERI SHAH (ROLL...
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...The Lakeside Company Case Studies in Auditing Twelfth Edition John M. Trussel Dalton State College J. Douglas Frazer Millersville University Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Editor in Chief: Donna Battista Acquisitions Editor: Stephanie Wall Editorial Project Manager: Christina Rumbaugh Senior Managing Editor: Cynthia Zonneveld Production Project Manager: Carol O'Rourke Senior Operations Supervisor: Diane Peirano Printer/Binder: BindRite Graphics, Robbinsville Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on the appropriate page within text. Copyright © 2012, 2008, 2005, 2003 by Pearson Education, Inc., publishing Prentice Hall. All rights reserved. Manufactured in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458, or you may fax your request to 201-236-3290...
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...Financial Statements” document that the independent audit is the highest level of “reasonable” assurance that a company is presenting fair and applicable data based on the standard IFRS/ASPE frameworks. Two key words are repeated in this document, reasonable and independence. Audit results are reasonable as absolute certainty is not possible with the judgment, testing, and the limitations of internal controls, which are beyond the auditor’s control. Audits are done as a persuasive more so than a conclusive tool for shareholders. Independence is required for an audit as it adds overall value to the evaluation. The value of independence conducted by a certified professional accounting firm includes proximity, flexibility, compliance, collective interest of the industry, and general access to resources. 1) Proximity – audit independence allows the company to choose a professional accounting firm that is closer to their industry, especially in rapidly changing sectors it is beneficial to have an auditor who is familiar with that type of market. This allows for more detailed and current information to be presented, evaluated, and reported as problems can be identified in a more timely fashion. A lot of times with regards to industry proximity and understanding, government regulators are playing “catch up”, as quoted in a Harvard Financial Reporting debate article. 2) Flexibility – the flexibility that an independent audit allows for includes fewer overall hurdles to gain...
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...control risk too high-efficiency of the audit;-3-Which of the ff statistical sampling techni is least desirable 4 use by the auditors-block selection;-4-The auditors’ primary objective in selecting a sample of items 4m an audit pop is 2 obtain-a rep sample;-5-Discovery sampling is part eff when-the auditors r looking 4 critical deviations that r not expected 2 b frequent in no;-6-The auditors r using unstratified mean-per-unit sampling to audit AR as they did in the prior year. Which of the ff changes in chara or speci would result in a larger required sample size this yr than that required in the prior yr-larger variance in the $ value of accts.;-7-Which of the ff sampling tech is typically used 4 tests of contr-attribute sampling;-8-Which of the ff is accurate regarding tolerable misstatement-tolerable misstat is directly related to materiality;-9-In which of the ff circum is 8 least likely that tests of contr will b perform-the expected deviation rate exceeds the tolerable deviation rate.;-10-An auditor needs to estimate the average highway weight of tractor-trailer trucks using a state’s highway system. Which estimation mth would b most appropria?-mean-per-unit;-11-The auditors have sampled 50 a/cs 4m a pop of 1,000 AR. The sample items have a mean bk value of $200 n a mean audited value of $203. The bk value of the pop is $198,000. What is the estimated audited value of the pop using the mean-per-unit mth?-$203,000-formula-MPU=Mean audit value in sample X pop or no of alcs.($203...
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...Audit Charter Authorized by: Date: Internal Audit Facilitator: Date: Audit Planning Identify and prepare internal auditors: | |Responsibilities |Preparation and Training | |Audit Team Leaders* |( Planning. organizing, and directing the audit |( Training in audit methods and practice | | |( Lead the team in reaching audit conclusions |( Audit observation | | |( Prevent and resolve conflicts |( Audit under supervision | | |( Prepare and complete the audit report |( Training and updates in customer, regulatory, | | | |and quality certification requirements | | | |( Training and updates in organization | | | |requirements | | | ...
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...organization to keep track of assets and measure profits and losses. Control procedures are designed to ensure that the business’s goals are achieved. Risk assessment is an assessment that help the company identify its amount of risk. All companies need internal control procedures. Companies should employ employees that are competent, reliable, and ethical. A business with good internal controls should never overlook important duties. All employees should have certain responsibilities and understand those responsibilities. There should also be separation of duties, this will limit fraud and promote accuracy of the accounting records. No one person should be responsible for every aspect of a job. This will cause mistakes to happen. Audits are also a very important internal control procedure so are documents, and electronic devices. What is The Sarbanes-Oxley Act? The Sarbanes-Oxley Act was passed by congress in 2002 with the aim of preventing an assortment of ills related to corporate finance and reporting. The Enron and WorldCom scandals had a great deal to do with The...
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...chicken poop and bulu ayam) → not only sell the meats. 1. Meats 2. Eggs 3. Fertilizer (poop) 4. Livestock (sell the chicks/breeds to other farmer) 5. Feathers • Improve marketing → use En Selamat’s skill in marketing. • Send reminder to debtor. • Give good credit term. • Cut cost → feed and labour expenses (hire relative). 2. Leadership • Autocratic → laissez faire. • Recommendation: democratic. 3. Conflict of Interest • En Selamat and En Azman (“personally benefit from the deal”). • En Selamat and BOD. Recommendations: • Establish a clear set of policies and procedures within the company. • Develop a whistle blowing policy. • Ensure the independency of the management team. • Conduct internal audit or investigation activities. • Ms Choy: To persuade BOD that the issues in the company can lead to a deterioration of the company’s performance, esp. financially. 4. Internal control • EncikSelamat → had responded to unrelated tasks to him. → approved the credit limit of CG without Ms. Choy’s authorization. → access to Ms. Choy information system....
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...internal control a. What is internal control? Internal control is a process, effected by an entity’s board of directors, management and other personnel, designated to provide reasonable assurance regarding the achievement of objectives in the following three categories: * Reliability of financial reporting * Effectiveness and efficiencies of operations * Compliance with applicable laws and regulations Internal control is design to achieve management objectives in three categories. In financial reporting category, the management objectives are related to producing reliable financial reports and safeguarding assets. In the operations category, same examples of management objectives are maintaining a good business reputation, ensuring a positive return an investment, increasing market share, promoting new products innovation, and using assets effectively and efficiently. In the compliance category, the board of management objective is compliance with the regulation and law that affect the entity. The definition of internal control identifies several important concepts. Internal control provides reasonable assurance, not absolute assurance, that management objectives will be achieved. Because people operate the controls, breakdowns can occur. Internal control can help prevent and detect many errors, but it cannot guarantee that will never happen. Several limitation of internal control system prevents management from obtaining complete assurance that controls are...
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...Petty jealousy may have played a part in her coworkers ignoring or explaining away all of Sachdeva’s high-end purchases. It also mentions that they thought she used family money or her husband’s money to pay for her purchases, but perhaps they didn’t actually get to know her background, or research how much money pediatricians make. As noted above, everyone in this case could have really asked themselves how much pediatricians make, or simply could have asked Sachdeva about her family history in a friendly, non-threatening way and ascertained that she did not come from a wealthy background. Also, the auditor should have vouched invoices related to the costs of goods sold, and inquired of the audit committee about their review of credit card statements, internal control procedures. The audit committee should have been reviewing monthly financial statements, bank...
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...that recognizes him as a reliable body. With the growing conscious recognition of the importance of financial data in the ordering of everyday business and economic life, the need of basic economic facts is providing a constantly enlarging opportunity for the accounting profession. The auditors' reports have an especial capacity to fulfill the need for reliable and authoritative financial material not only because of the reputation or prestige of the certified statements, but also because of the significance generally attached by the business man to the functions of the auditor and his reports. These functions, and the scope of these reports, have in the past been definitely related to the character of and changes in business activity. Audits and reviews are basically procedures performed on the financial statements of a company, for the purpose of determining whether the financial statements include any material misstatements. Misstatements are essentially wrong numbers due to numerical errors, fraud, or errors in interpreting the accounting...
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...Cost Audit Cost Audit in EDP environment When planning the cost audit, the cost auditor should consider an appropriate combination of manual and computer-assisted audit techniques (CAATs). In determining whether to use CAATs, he should take into account: i) His computer knowledge, expertise and experience. ii) Availability of CAATs and suitable computer facilities. iii) Impracticability iv) Effectiveness and efficiency. v) Timing. In an EDP environment, the control procedures take basically two stages: 1. Manual Procedure – i.e. the clerical work done up to the translation of data into machine-sensible form. This stage, being manual, is subjected to usual internal control conditions and the Cost Auditor will have little difficulty in appraising them by means of ‘compliance test’ and ‘substantive’ test’. 2. Computer Procedures – i.e. the computer processing work. Auditing in this area is actually a complex activity, for which the Cost Auditor as a prudent person should develop himself for adequate EDP knowledge. Before the actually starts to conduct his audit in EDP environment he should envisage to maintain an ‘Audit Control File’, as his valuable kit. The Computer Audit control File may be built up containing full details of the system including: i) Copies of all source documents and the details of the checks that have been done to ensure their accuracy. ii) Details of physical control over source documents and any control tools on...
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