return on assets is: 8.33% 83.3% 12.0% 120% 8. If Beginning Retained Earnings was $184,300, the company distributed $46,000 in dividends and Ending Retained Earnings was $345,000, what was the net income for the period? $154,700 $206,700 $114,700 $575,300 $160,700 9. Ethical behavior requires: That an auditors' pay not depend on the figures in the client's reports Auditors to invest in businesses they audit Analysts to report information favorable to their companies Managers to use
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Chapter 7 – Internal Controls • Key topics: • Know the broad definition of internal control and its purposes, including the objective that is particularly relevant to an audit (i.e. reliability of financial reporting) A process, effected by the entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations (effective and efficient operations), reporting (accurate financial reporting) and
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deploy a fully functional, complete version of the VCF before the end of calendar year 2004. Shortly before the hearing, the Office of the Inspector General (OIG) initiated a follow-up audit to assess the FBI’s management of the Trilogy project. Today the OIG released the results of this follow-up audit. Our audit found that the FBI successfully has completed the Trilogy IT infrastructure upgrades – albeit with delays and significant cost increases. However, the FBI has failed to complete and deploy
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Techniques 14 Security hardened network design 14 Research of auditing features 14 Description of a trigger 14 Implementation of auditing 14 Week 5: Auditing Policies 15 Write SQL 15 Report based on access 15 Report based on system privileged 15 Audit report showing connection details 15 Report showing object access 15 References 16 Week 1: Database Security Architecture Differentiate between a Database Management System and a database Databases at their essence are nothing
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Social Audit: A Toolkit A Guide for Performance Improvement and Outcome Measurement CENTRE FOR GOOD GOVERNANCE Knowledge Technology People Social Audit: A Toolkit No part of this book may be reproduced in any form without permission in writing from the publisher, except by a reviewer or a research scholar who may quote brief passages in a review in a magazine or a newspaper or for research purposes as the case may be. Copyright
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(Arens) Chapter 1 The Demand for Audit and Other Assurance Services Learning Objective 1-1 1) The Sarbanes-Oxley Act applies to which of the following companies? A) All companies. B) Privately held companies. C) Public companies. D) All public companies and privately held companies with assets greater than $500 million. Answer Terms: Sarbanes-Oxley Act Diff: Easy Objective: LO 1-1 AACSB: Reflective thinking skills Topic: SOX 2) Which of the following is considered audit evidence? A) Oral statements
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Resort & Spa Sdn Bhd. My training period took me twelve weeks to complete, which started from 20th February 2012 and ended at 12nd May 2012. The main purpose of this internship report is to record down what I have learned during my training period. This report embody the background of the employer company that I report to, details of tasks that assigned to me, working environment, the findings and results of the tasks assigned, problem that I faced during completion of task, and recommendations
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Running Head: WORLDCOM AND ETHICS IN ACCOUNTING 1 WorldCom and Ethics in Accounting Brian Bartram Professor Hogan Strayer University Accounting 557 11/05/2012 WORLDCOM AND ETHICS IN ACCOUNTING 2 There have been many corporate and ethical breeches over the years in financial record keeping but it is believed that the current business and regulatory environment is conducive
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RA G PC+ E IN E RM TH FO OR NS O F RA OV T N LE ual Ann 3 2 /1 2 2 01 Code 99 ck Sto o nov t Le or Rep ited Lim up Gro ov rso NV L e n R : L ion pe any – to l ( A D 34 bil comp o PC ted $ dica siness g y p t w and e US nolo to bu s. D ld h ng t e c o f t h e he wor P l u s untrie novo’s d stro e o n M t o n e ers in n g P C 160 c vices, L chain a rmer IB d i mak m e r g re than rnet de supply f the fo ures an s e t o ct te lobal o an ufac odu ition ile in nm rs i d mob ficient g acquis
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uncovered by Congress was the effect of auditor conflicts of interest might be having on auditor independence. Auditors were performing tax, consulting and attestation services, to name a few, in addition to the audit. Often time the fee from the other services was greater than their audit fee. The auditor had a conflict of interest in keeping the large client, and its enormous fees, or reporting crooked financials and losing a large account. Congress took notice of the
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