CHAPTER 6 Audit Planning, Understanding the Client, Assessing Risks, and Responding Review Questions 6–1 In their investigation of a prospective client, the CPAs should assess the backgrounds and reputations of the prospect and its major shareholders, directors, and officers. Thus, inquiries are made of underwriters, bankers, and attorneys that conduct business with the prospective client. Also, the CPAs are required to make inquiries of the prospect’s predecessor
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Customer Focus Quality Policy Planning Responsibility, Authority and Communication Management Review 14 14 14 14 14 14 15 6 6.1 6.2 6.3 6.4 Resource Management Provision of Resources Human Resources Infrastructure Work Environment 15 15 15 15 16 7 7.1 7.2 7.3 7.4 7.5 7.6 Product Realization Planning of Product Realization Customer-Related Processes Design and Development Purchasing Production and Service Provision Control of Monitoring and Measuring
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of the assignment of responsibility. And for the rationalization, the top management displays a significant disregard for controls and ethical conduct maybe one of the factors. In order to reduce the risk of fraud, the company should set some regulatory to reduce the fraud risks. In my opinion, the internal control is the key point. The AICPA has already set a guideline in order to help the Board of Directors and Management to anti-fraud. First, the company can create and maintain a culture of
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Auditors and Regulatory Oversight Jennifer Edmundson Dr. Dahli Gray ACC 403-Auditing I May 3, 2015 Auditors and Regulatory Oversight Brooke Corporation was a holding company that was located in Overland Park and Phillipsburg Kansas. They mainly dealt with insurance franchising, insurance agency financing and banking. Brooke Corporation also owned interest in Brooke Capital, Aleritas and Brooke’s Savings Bank. Brooke Capital dealt with insurance agency franchises and had bookkeeping and
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material and interpret it in the context of their own agency methodologies. ISO/IEC 19770-1 Audit Checklist This checklist has been developed to be used in conjunction with ISO/IEC19770-1 Information technology – Software asset management – Part1: Processes (the ISO Standard), and should not be used in isolation from this Standard. The checklist has been developed to assist agencies to perform self-audits to monitor their progress towards best practice in software license management. The checklist
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non-OECD countries and have been adopted by the Financial Stability Forum as one of the Twelve Key Standards for Sound Financial Systems. The Principles are intended to assist in the evaluation and improvement of the legal, institutional and regulatory framework that influences corporate governance. They also provide guidance for stock exchanges, investors, corporations, and others that have a role in the process of developing good corporate governance. The Principles should be viewed as a
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Plant Health Inspectorate Services (KEPHIS), Kenya Flower Council (KFC), National Environmental Management Authority (NEMA) and Fresh Produce Exporters Association of Kenya (FPEAK). Horticultural Crop Development Authority (HCDA) is the Government’s regulatory agency for the horticultural sub-sector. Its mandate is to regulate the horticulture industry through licensing and application of rules as prescribed under the Agriculture Act, Cap 318. HCDA also provides advisory and marketing services to the
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PA1 EXAMINATION BLUEPRINT 2014/2015 Effective Date: December 2014 This document is the property of: CGA-Canada 100-4200 North Fraser Way Burnaby, British Columbia Canada V5J 5K7 Phone: 604 669-3555 Fax: 604 689-5845 www.cga.org/canada Updated: January 21, 2014 CGA-Canada PA1 Examination Blueprint 2014/2015 Table of Contents About the Examination Blueprint ........................................................................................................................
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the company’s ability to provide the best services possible to an ever-growing list of clients. The addition of Premier Consulting’s expertise to KPMG’s established business portfolio brings a new dimension to the firm expanding its traditional Audit, Tax and Advisory services in to additional consulting, payroll, compliance and other essential business services. “We constantly strive to undertake strategies to develop new services and capabilities, recruit new experts and assist clients with
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The Coordination of Legal Systems in Environmental Protection Introduction The objective of this paper is to examine the issues involved while protecting the environment and coordinate with the Australian legal system to devise an action plan for civil law. Factors that control the right usage of environment are a legal requirement in many countries. Australia is not an exception to this mainly because of the availability of abundant natural resources present in the country. This calls for biodiversity
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