Auditing Concepts ZZZZ Best Company, Inc Case Solutions: 1. A review is performed to obtain a reasonable basis for providing limited assurance that the client's financial statements have been prepared in conformity with generally accepted accounting principles. An independent audit is designed to provide a reasonable basis for expressing an opinion concerning whether or not a client’s financial statements have been prepared in accordance with generally accepted accounting principles.
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seminar is about: Introducing the concepts of “IS auditing” Software technology Specific computer application Sharing experiences in conducting IS auditing Detailing a certain sophisticated IS audit techniques Introducing practical approach to conduct IS auditing © 2006 Veda Praxis Control Advisory Page 2 1 Outline • The need for control and audit of computers • IS auditing definition • Foundation of IS auditing • IS Audit Profession • ISACA • Certified Information System Auditor (CISA) ©
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CHARTER OF THE FINANCE AND AUDIT COMMITTEE OF THE ORACLE CORPORATION BOARD OF DIRECTORS (As last amended by the Board of Directors on July 13, 2008) I. PURPOSE The primary function of the Finance and Audit Committee (the “Committee”) is to provide advice with respect to the Corporation’s financial matters, to oversee the accounting and financial reporting processes of the Corporation and the audits of the financial statements of the Corporation, to assist the Board of Directors in fulfilling its
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principles’ (i.e. GAAP) has a very specific meaning for accountants and auditors. A code of professional conduct prohibits accountants from making statements that would imply or assert financial statements or other financial data conform to ‘generally accepted accounting principles,’ unless they actually fell within those principles promulgated by a body designated by the American Institute of Certified Public Accountants (AICPA). The purpose of this body is to establish accepted principles throughout the
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Introduction to Accountant Responsibility Essentially, accountants have a responsibility a number of parties, with the major parties in this case being the government, clients and third parties. In today’s capitalist society, the accounting profession is deemed to be a common and important feature. Discussing the responsibilities accountants have to the three parties identified above would, therefore, certainly be a prudent and logical move. Responsibility to Clients To begin with, accountants
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feelings of one's friends D. All of these 5. If one's reputation is tainted it may create a: A. Conflict of interests B. Loss of independence C. Lack of trust D. All of these 6. The Independence Principle in the AICPA Code applies to: A. All accountants and auditors B. All CPAs regardless of professional services C. All CPAs who render attestation services D. All members of the audit committee 7. The method of ethical reasoning that does
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STUDY LIST & ESSAYS FOR THE FINAL Fall 2013 AICPA and PCAOB standards on computers can be used for the whole exam, keep time limits in mind Numbers in red are incomplete or need additional information. Some in red may not need additional information, but if additional information can be provided that will help with essays add it. 1. Code of Professional Conduct as it relates to the cases that we discussed -Rule 101 Independence-A member in public practice shall be independent in
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Health Management Inc. Kasus yang menimpa Health Management Inc. (HMI) merupakan kasus pertama untuk penerapan Undang-Undang Reformasi Pengajuan Perkara Sekuritas Swasta/Publik Securities Litigation Reform Act (PSLRA). Sebelum PSLRA, firma-firma akunting seringkali ikut menanggung kerugian yang diakibatkan oleh manipulasi akuntansi oleh klien-klien mereka, karena undang-undang sebelumnya mengharuskan para terdakwa untuk menanggung bersama kerugian penggugat. Jika satu atau beberapa
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Chapter 01 Student: ___________________________________________________________________________ 1. What is the common characteristic of Aristotle's virtues and ethical standards for CPAs? A. Truthfulness B. Integrity C. Loyalty D. Due care Jane finds a material misstatement while auditing a client's accounts receivables. Her senior tells her to ignore the misstatement so that the client does not get upset. Jane wants to be viewed as a team player in order to advance in the firm. So Jane follows
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Glossary oF Accounting, Finance and Economic Terms Accounting – pages 1‐7 and 8 Finance – page 7 Economics – page 7 ACCOUNTING: http://www.alpineguild.com/glossary_of_important.htm Account ‐‐ a record of financial transactions; usually refers to a specific category or type, such as travel expense account or purchase account. Accountant ‐‐ a person who trained to prepare and maintain financial records. Accounting ‐‐ a system for keeping score in business, using dollars. Accounti
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