...requirement How to identify if your role is relevant Where do you fit? What skills areas do you need to demonstrate? Your mentoring relationship How to record your experience in the logbook The skills guide Personal effectiveness skills Leadership skills Business skills Technical skills 3 4 6 7 8 10 11 12 13 14 15 MICHELLE ROACH CPA 2 Practical experience requirement Did you know? Our studies show that members consistently perform better in their segments when they are enrolled in the practical experience requirement The practical experience requirement of the CPA Program gives you the opportunity to use the knowledge and skills gained in your education and apply them in your workplace. Combining your education with mentored practical experience will give you the opportunity to develop and demonstrate highly sought after technical and soft-skills that will benefit your entire career. Starting your practical experience requirement means that you are one step closer to your goal of becoming a CPA. CPA Australia recommends that you start the practical experience requirement and the professional level segments at the same time, if you are employed in a relevant role. What are the requirements? • complete a minimum of three years of relevant full-time or equivalent part-time work experience • demonstrate competence in 16 personal effectiveness, leadership, business and technical sub-skills to a CPA, FCPA or equivalent full member of an International Federation of...
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...Applying for Accounting, Audit and Tax Curriculum Vitae Fadilah bt Ahmad Zamlus Lot 129, Jalan Selendang, Kg. Charuk Puting, 28000 Temerloh, Pahang (h/p) 0111-5793287 ixora_violet@ymail.com “Seeking employment in accounting, audit, tax and accounting information system that provides a challenging opportunity combining exceptional interpersonal and technical skills” PERSONAL DATA IC No: 870508065710 Age: 25 Date of birth: 08th May 1987 Gender: Female Marital Status: Single Nationality: Malaysian Language proficiency: Bahasa Malaysia & English Health : Excellent Available for employment : August 2012 onwards EDUCATION BACKGROUND 2008 -2012 International Islamic University Malaysia (IIUM) Bachelor of Accounting (BACC) Current CGPA : 3.40 2005-2008 Universiti Teknologi Malaysia (UTMKL) Diploma in Management Technology (Accountancy) (DDW) CGPA: 3.34 2000-2004 Sekolah Menengah Agama Al-Wosto SPM: 7a’s INTERPERSONAL TRAITS, SKILLS & ATTITUDE Strengths Responsible, confident, energetic, able to work under pressure and minimum supervision, work well in team, can be a good leader in any project and good adaptation to new environment and able to communicate with superior and colleagues respectfully and efficiently. Skills - Proficient in using Microsoft Office software (Microsoft Word, Microsoft Power Point, Microsoft...
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...How to improve and maintain the independence of external auditors Auditor's responsibility is to give advice based on the company's annual financial statements. A company will work with the auditor's annual report of the decision. So this is an important auditor to provide accurate reports. (Dr Jill, Professor Robin)[online] An independent auditor to give the opinion that is no other factors. It includes human, economic, monetary, and so on. Their view is that there is no limit, and give them the freedom to express their views based on their expertise. Besides, they must be clear and to ensure no errors in the opinion. As they say is a company in important business decisions. Although this is the advice given by person, but as a professional auditor should reduce accidents. Professional auditor must be independent of its work. When problems occur, they must be the cooling time and the time taken to solve the problem, without any confusion. An independent auditor must be a smart, intelligent person. Because they know how to handle and solve their own problems without people help. Code of ethics Code of ethics is formed to help the auditors aware to the areas where ethical pressure may exist and be in dependent all the time. Independent auditors are not only responsible to their client but also the public interest. Therefore, they should follow the code of ethics. (Sagar, Mead, Bampton, 2008) There are some fundamental principles in code of ethics which must followed by them...
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...assessments automatically on a more frequent basis. According to Canadian Institute of Chartered Accountants (CICA) and the American Institute of Certified Public Accountants (AICPA), Continuous Auditing is defined as a methodology that enables independent auditors (both internal & external) to provide written assurance on a subject matter using a series of auditors’ reports issued simultaneously with, or a short period of time after, the occurrence of events underlying the subject matter (Searcy and Woodroof, 2003). The Institute of Internal Auditors' (IIA) Global Technology Audit Guide (GTAG 3) defined continuous auditing as any method used by auditors to perform audit-related activities (including control and risk assessments) on a more continuous (occurring without interruption) or continual (occurring at repeated intervals.) basis. Continuous auditing requires specialized skills of audit personnel to monitor information electronically and incorporate the use of intelligent agents, computer modeling, and other software tools. Continuous auditing also gives end users of information more timely assurance that the information is correct and may eventually lead to continuous reporting where financial information is updated and published as events occur. From the above definitions, we can conclude that the...
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...------------------------------------------------- MCCG : 2007 Part II. Best Practices in Corporate Governance This entry was posted on May 16, 2012. Bookmark the permalink. Leave a comment The principles are divided into 4 parts as shown below: 1. Directors 2. Directors’ Remuneration 3. Shareholders 4. Accountability and Audit Below are the guideline set for Directors. 1. DIRECTORS I The Board Every listed company should be headed by an effective board which should lead and control the company. II Board Balance The board should include a balance of executive directors and non-executive directors (including independent non-executives) such that no individual or small group of individuals can dominate the board’s decision making. III Supply of Information The board should be supplied in a timely fashion with information in a form and of a quality appropriate to enable it to discharge its duties. IV Appointments to the Board There should be a formal and transparent procedure for the appointment of new directors to the board. V Re-election All directors should be required to submit themselves for re-election at regular interval and at least every three years. 2. DIRECTORS’ REMUNERATION I The Level and Make-up of Remuneration Levels of remuneration should be sufficient to attract and retain the directors needed to run the company successfully. The component parts of remuneration should be structured so as to link rewards to corporate and individual...
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...incorporated as Delima Enterprise Sdn Bhd. Since 2006, the company awarded with several engineering projects and its cumulative revenue for 2004 is RM1 million and RM1.7 million for 2005. The company is family based company and most of them only have secondary school background. They do not familiar with the audit. They also did not familiar with Accounting Standards and the provision of the Companies Act. The company also consists from the non experiences staff of their job. In May 2006, the company had employed Cik Amy graduated from a local university with no job experience. Encik Zayed is a principal shareholder and controlling director. In May 2006, the company had secured a contract worth RM 750,000 to be implemented over duration of six month. Due to shortage funds, Delima Enterprise Sdn Bhd wants to make banking facilities from Malayan Banking Berhad and CIMB Bank Bhd. The bank required company’s Audited Financial Statements for the last two years. From the requirements, Encik Zayed realized that company did not perform any statutory audit before. In July 2006, they engaged with the external Auditor Aziz & Co (Chartered Accountant). The auditor needs to perform statutory audit for the period 2003 to 2006. The auditor expressed their intention to qualify the financial statements. However, Encik Zayed tried to negotiate with the auditor to not qualify the Financial Statements. The auditor was not agreeing with the Encik Zayed negotiation and he planned to terminate the auditor...
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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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... Philippine Auditing Practice Statement 1009 COMPUTER-ASSISTED AUDIT TECHNIQUES PAPS 1009 PHILIPPINE AUDITING PRACTICE STATEMENT 1009 COMPUTER-ASSISTED AUDIT TECHNIQUES CONTENTS Paragraphs Introduction Description of Computer Assisted Audit Techniques (CAATs) Considerations in the Use of CAATs Using CAATs Using CAATs in Small Entity IT Environments Effective Date Acknowledgment 1-3 4-6 7-16 17-25 26 27 28-29 The Auditing Standards and Practices Council (ASPC) issues Philippine Auditing Practices Statements (PAPS or Statements) to provide practical assistance to auditors in implementing the Philippine Standards on Auditing (PSAs) or to promote good practice. Statements do not have the authority of PSAs. This Statement does not establish any new basic principles or essential procedures; its purpose is to assist auditors, and the development of good practice, by providing guidance on the application of the PSAs regarding the use of Computer Assisted Audit Techniques as an audit tool. This Statement applies to all uses of CAATs involving a computer of any type or size. The auditor exercises professional judgment to determine the extent to which any of the audit procedures described in this Statement may be appropriate in the light of the requirements of the PSAs and the entity’s particular circumstances. PAPS 1009 Introduction 1. The overall objectives and scope of an audit do not change when an audit is conducted in a computer information technology (IT) environment...
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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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...attention on the what, why and when. Main issue regarding to the Flat Cargo Berhad is consist of few factor, the main issue face by Flat Cargo Berhad, accounting fraud, found that Flat Cargo Berhad (FCB) was involved in fraud, this matter will bring great impact to the accounting profession of Malaysia and the public confidence towards the profession will collapse similar to the case of Enron that is revealed in the year of 2001 from the pressure which regard to sustain in the industry leader in Malaysia air cargo carrier and maintain reputation of FCB under the international crisis in oil. Opportunities, for the poor internal control, which poor audit committee which affected independence. Rationalization is about justify to achieve earning expectation and maintain as reputable company. Another factor is regarding to the problematic audit committee from Mr. Ahmad Bin Ali which is non-independence executive director and incompetence of internal and external auditor lack of professional scepticism and convinced that reputable company will less likely to commit fraudulent...
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...Norman Holdings Limited and its controlled entities (ASX code HVN) and consists of a written report to be completed in groups. Groups of four (4) students are to be formed within your tutorial groups. Only one submission per group is to be made by the due date and time i.e. you should nominate one member to submit. The objective of the group case study component is to develop your communications skills and to test your ability to integrate skills learnt in this unit of study, i.e. to analyse a real company from the auditor’s perspective. The successful completion of this case study requires extensive research on HVN’s internal and external environments, operations, strategies and an analysis of the 2012 annual report (the 2013 annual report is not expected to be available until late September 2013 and as such students are not expected to use it for their assignment). You are expected to demonstrate ability to synthesise relevant background financial and non-financial information and apply analytical skills to this information to critically evaluate potential significant audit risks in relation to HVN. The second component is an individual reflection report. Each student must make an independent (individual) submission electronically by the due date and time. The objective of the individual...
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...Audit Intern, Winter 2013-Omaha Location: Omaha, Nebraska Firm Service: Audit Reference Code: S12OMAAI13JAN-AU Type of Position: Full-time Job Description Apply Online Deloitte & Touche LLP's ("Deloitte & Touche's") Audit and Enterprise Risk Services business has a risk-based approach, experienced professionals, comprehensive methodologies, and technical resources. Deloitte & Touche's services combine competency and experience in the areas of financial reporting, risk management, and compliance. The external audit services include: • Audits of Financial Statements, including reviews of quarterly financial information • Audits of internal control over financial reporting including Sarbanes-Oxley Section 404 • Agreed Upon Procedure • Other attest related services In conducting an external audit of clients' financial statements, Deloitte & Touche holds itself to the standards of independence, professional objectivity, and technical excellence. The audit approach is designed to provide the flexibility to serve the unique circumstances and complexities of clients. The Deloitte & Touche approach is to understand a client's business, the risks it faces, its internal controls, and assess the risk of material misstatement of the financials in order to design effective audit procedures. For public companies subject to the internal control reporting requirements of the Sarbanes-Oxley Act, Deloitte & Touche integrates the audit of internal control over financial reporting with...
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...After I got contact to audit, I realized that independent auditor serves as the “detective” in the economic field. The business conditions and financial statements are “evidences”, and an auditor is supposed to testify independently that such evidences are backing the truth. I have been looking forward to auditing every business fairly to avoid economic tragedy based on my professional knowledge. Thereby I switched to the accounting major determinedly for in-depth study. During undergraduate study, my extracurricular activities included attending the online classes to expand the relevant knowledge. Such courses as Accounting and Value Creation and Business Financial Statement Analysis deepened my understanding of the accounting profession, enabling me to uncover the business information strategies, competitiveness, efficiency and quality, together with business risks and prospect through the financial statements. In addition, in professional research, I became interested in the accounting issues in the cross-border mergers and acquisitions and chose it as my graduation thesis, which further enlightened me the practical significance of accounting, audit and finance. On purpose of integrating theoretical knowledge into practical problem, I seized the chance to intern in HUAYINWUZHOU Accounting Firm. I learned how to prepare voucher test tables with journals and balance sheets, as well as the papers for internal audit of...
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...Biltrite Organizational Structure Strengths and Weaknesses Strengths: –The Board of Directors meets 4 times throughout the year. –The Audit Committee is made up exclusively of external members. –In June and December, the Audit Committee holds a joint meeting with the external auditor partner, director of internal audit, and controller to be briefed on audit findings and approve the scope of planned audit activities. Also, significant changes in internal control over financial reporting are presented and explained. –The Audit Committee and compensation committee approves the recommendations of the controller regarding the annual appointment of the external auditor, and the compensation and retention of the director of internal audit .–Biltrite's internal audit staff of three members plus the director is viewed by our external audit firm as competent. The internal audit group conducts evaluations of important process on a recurring basis, usually once every ten to fourteen months. In addition the Weaknesses There is not a great deal of separation of duties for upper management and independence can be impaired. –The external members and Lawton's siblings have limited financial expertise in the bicycle industry. The Board members do not really question or challenge the upcoming budget. –Managers of Marketing and Controlling have high demands on performance targets and high financial rewards for reaching their benchmarks. Because of this, many marketing and production...
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...Project Title: HR Audit INDEX SR NO. | TOPIC | PAGE NO. | 1 | Acknowledgement | 3 | 2 | Executive Summary | 4 | 3 | Introduction to HR Audit | 6 | 4 | Qualitative & Quantitative Indicators for HR Audit | 8 | 5 | Types of Audit | 13 | 6 | HR Audit Process | 17 | 7 | Human Resource Management v/s Performance | 21 | 8 | Approaches to Human Resources Audit | 25 | 9 | HR Audit Tools | 30 | 10 | Checklist for HR Audit | 33 | 11 | Audit Report | 35 | 12 | Audit of HR Results | 36 | 13 | HR Audit in India | 37 | 14 | Conclusion | 40 | 15 | Bibliography | 49 | s ACKNOWLEDGEMENT “For any successful work, it owes its thanks to many” Presentation of this project gives us the feeling of fulfillment. It has taken an exhaustive effort in preparing this project. It took several hours, several days, and several meetings amongst us to make this project work up to its expectations. The faculty members of our college have provided us with great source of inspiration and have provided great help in pursuing this project. Many individuals have contributed in preparation of his project. We take this opportunity to thank few people without whom this project would not have been possible. We would like to thank our faculties for their kind support. Our sincere thanks go to our project guide Prof.Anjali Saida, who helped us through many aspects and whose friendly guidance on many issues helped us for the betterment of our project. Without her support...
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