| |Qualification |FNS60210 Advanced Diploma of Accounting | |Subject Name |Auditing and Reporting | |Details of Unit(s) of competency
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Economic Structure and Major Industries 2 Major Firms 4 China’s Stock Market 6 China Securities Regulatory Commission 7 Legal Enforcement of IFRS 8 Summary of contents of financial statements 9 Transition Process of Accounting Standards 10 Auditing Standards 11 Full convergence with International Standards 11 Verification of Capital Contribution 13 Comparison of China’s old GAAP and IFRS 14 Accounting Education in China 15 The Chinese Institute of Certified Public Accountants 15
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internal control Qver Financial Reporting CASES INCLUDED iN THIS SECTiON 1. Simply Steam, Co. 155 Evaluation of Internal Control Environment 2. Easy Clean, Co. 155 Evaluation of Internal Control Environment 3. Red Bluff Inn & Café 165 Establishing Effective Internal Control in a Small Business 4. St. James Clothiers 169 Evaluation of Manual and IT-Based Sales Accounting System Risks 5. Collins Harp Enterprises 177 Recommending IT Systems Development
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Fall 15 Fall 15 Case II report Shasha Chen Professor: Dr. Maureen Mascha Date: 11/09/2014 Case II report Shasha Chen Professor: Dr. Maureen Mascha Date: 11/09/2014 08 Fall 08 Fall 1. Auditors should always evaluate the design and test the
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environment. On the other hand, audit risk is mainly related to the auditors. We have to know that risk is always there in doing anything. There is a risk that the auditors missed out the misstatement or fail to detect frauds when performing their auditing job, hence issuing an unqualified report which doesn’t reflect the fair view on the company’s financial condition. Audit risk might lead to business failure but the auditors should not be blamed for the business failure unless he or she is proven
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causes of information risk relating to the financial statements of BL and explain how the conduct of an audit reduces each Information risk is the likelihood of improperly record information which end up being provided to decision makers. In this case I was able to identify two possible causes of information risk at Beaumont Limited: i. Not adopting proper internal control and formal accounting policies to prepare financial statements. An audit will reduce this risk by evaluating the management
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1. CASE SUMMARY Androids is an audit firm which provides audit and consulting services to their clients. Androids & Co started in 1913 when Arthur and Clarence, both from the audit firm of Price, bought out a small audit firm in Illinois to form Arthur, Clarence & Co, which became Androids & Co in 1918. Arthur Androids, who is the founder, headed the firm of Androids & Co until his death in 1945. He was a passionate supporter of high standards in the accounting industry. In 1945, Leonardo
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CORPORATE FRAUD & THE ROLES OF AUDITOR (BANGLADESH PERSPECTIVE) Submitted To: Tahmina Ahmed Lecturer Department Of Accounting And Information Systems University Of Dhaka. Submitted By: Group No. 02 ID 18003 18051 18053 18073 18089 18200 NAME Safiqur Rahman Mahadin Anik Mahmudul Islam Arnab Kumar Chakrabartty Abdullah Al Noman Namrata Chakma Date of Submission: November 11, 2014. 1|Page This Report Includes The Following Contents Chapter No. Contents Page No. 01.Introduction 1.1 1.2 1
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Michael Dobe Jr. Bernie Ebbers(left) 5340–Ethics CEO Timothy McCoy 4/6/2015 Scott Sullivan(right) CFO&CPA 1. Two General Accounting employees-Dan Renfroe and Angela Walter-made journal entries in the amount of $150 million and $771 million, respectively, without detailed support. It was noted that this was not out of the ordinary at WorldCom. In your opinion, was this a proper accounting practice? Explain. Normally at the end of each month, Worldcom
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and reporting the results, but we must remember that these acts provide no value in and of themselves. They only provide value when the internal control issues are resolved. This is an important distinction to remember as we develop our approach to auditing and, most important, to dealing with the people who are the "targets" of our audits.
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