Androids guilty of issuing materially false and misleading audit reports on Solid Waste financial statements for the period 1993 through 1996. Then, Androids also issued an audit report on Solid Waste’s financial statements in which it stated that the company’s financial statements were presented fairly, in all material respects, in conformity with generally accepted accounting principles (GAAP) and that Androids had conducted its audit of those financial statement in accordance with generally accepted
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1.What does Applied Corporate Governance mean to you? As for me, Applied Corporate Governance is a subject about the application of mechanisms of management and supervision of a corporation. Rights and responsibilities are distributed to different people in the corporation, such as shareholders, the Board of Directors, managers and so on. Corporation governance also covers the rules and procedures for decision making of corporate affairs. Besides, it also includes the whole control structure of
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1. What would you like the GGSB admissions board to know about your professional work and / or academic experience? I graduated in 2007 from Hariri Canadian University holding a Bachelor degree in Accounting & Finance; I started my career path working as an external auditor with Deloitte Beirut working on auditing financial statements for major clients. In Late 2007 I had the opportunity to join the Enterprise Risk Services within Deloitte Middle East based in Kuwait; I was able to prove my capabilities
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Can Auditors be Truly Independent With the globalization of investment market and enhanced regulation, independent audits of the financial statements of public companies are one of the most valued contributor to the confidence of the investors. It is crucial that auditors could provide reasonable assurance of the fair presentation of a company’s financial statements. In the past decades, especially with the enactment of Sarbanes-Oxley Act of 2002, auditors are required to
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Enron, Arthur Andersen, WorldCom, and Tyco, these corporate names are heard and scandal is what it thought. When corporate names become associated with scandal and greed, public confidence begins to falter. The Sarbanes-Oxley Act (SOX) came to be in July 2002 and introduced major changes to the regulation of corporate governance and financial practices. Also like other regulatory requirements, some sections of the act are more pertinent to compliance than others. Sarbanes-Oxley has been called by
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Vendor Rebates Audit Work Program PROJECT TEAM MEMBERS: * Project Timing | Date | Comments | * Planning | | | Fieldwork | | | Report Issuance (Local) | | | Report Issuance (Worldwide) | | | ITEMS TO BE CONSIDERED: Audit Objectives To review supporting documentation for significant or unusual reconciling items and determine whether: * Vendor rebate receivables have been properly recorded * Vendor rebate receivables have been properly calculated according to
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Audit Report and Internal Control Evaluation Nathalie Salib University of Phoenix ACC546/PR April 9, 2015 Prof. Rafael Marrero - Diaz ANDERSON, OLDS & WATERSHED Certified Public Accountants Independent Auditor’s Report To the Board of Directors of Apollo Shoes, Inc. We have audited the accompanying balance sheets of Apollo Shoes, Inc. as of December 31, 2007 and 2006 and the related statements of income, shareholder’s equity and cash flow for the two years in the period ended
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AM All use subject to JSTOR Terms and Conditions THEIDENTIFICATION CATEGORIZATION AND OF AUDITORS' VIRTUES Theresa LibbyandLinda Thorne paper, we develop a typology of auditors' virtues throughin-depth interviewswith nine exemplarsof the audit community.We comparethis typology with prescribed auditors'virtues as represented in the applicable Code of ProfessionalConduct.Our comparisonshows that the Cocleplaces a primary emphasis on manw datoryvirtues includingthe virtues of "independent,""objective
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fraud problem that continues to plague the United States, as embodied by Enron, WorldCom, Global Crossing, and too many others. Simply stated, Sarbanes-Oxley takes direct aim at the perceived drivers of fraud by attempting to strengthen board and audit committee oversight, increase auditor vigilance and independence, strengthen internal controls and risk management, and create accounting fraud penalties with a significant deterrent effect “(Boatright, 2004). THE UPSIDE OF SARBANES-OXLEY/ADVANTAGES
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creditors, and regulatory organizations following the end of its fiscal year. The report typically contains at least an income statement, balance sheet, statement of cash flows, and accompanying footnotes. It may also contain management comments, an audit report, and various supporting schedules that may be required by regulatory organizations. In addition to the auditor's report, an annual report commonly includes management's review of the operations of the firm and its future prospects, balance
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