Auditing Regulations: As Rapoport states in his recent article, “the annual audit report is about to get an extreme makeover.” The Public Company Accounting Oversight Board plans to propose new rules that will require auditors to put more information in their report. Contrary to the current pass-fail system auditors use in their report, regulators are pushing auditors to provide the public with more useful reports about the information in companies’ financial statements. By doing this, regulators
Words: 721 - Pages: 3
Introduction The purpose of this report is to investigate the current financial reporting environment in Sri Lanka and its impact on the companies listed on the Colombo stock exchange. Hotel SIGIRIYA PLC has been chosen to study the financial reporting requirements, cultural impacts and the political influences on the Sri Lankan listed companies. 1. Financial Reporting Environment in Sri Lanka 2.1. Current financial reporting requirements for publically listed companies in Sri Lanka
Words: 2500 - Pages: 10
How to Develop a Communications Plan What is a communication plan? When should it be developed? Where does the information in the plan come from? How do you write one, and why should you bother? Overworked and underfunded communicators (Are there any other kind?) have a right to ask whether the work involved in developing a plan is worth it. The answer is yes because a written communication plan will • give your day-to-day work a focus, • help you set priorities, • provide you with a sense
Words: 832 - Pages: 4
will be able to use this information to assist in your investing decisions. Did all of you receive your 2009 Eaton Annual Report? I will have to follow up with our assistant Diane. She seems to drop the ball from time to time. Regardless, each of you will be receiving the 2010 Annual Report by the end of next week. Let’s take a look at Eaton’s 2009 Annual Report. The report is divided up into 3 sections. I will highlight some of them. My colleagues may refer to them in a little more detail 1
Words: 499 - Pages: 2
Care Financial Accounting HCS/405 December 06, 2010 Health Care Case Study: Financial Statements This paper is a health care case study of financial statements for Patton-Fuller Community Hospital. This summary is a review of the annual report and financial statements and the differences between the audited and the unaudited statements. The financial ratios are examined to determine if there has been improvement from 2008 to 2009 and to explain the cause. This paper will also summarize
Words: 761 - Pages: 4
[pic] PENYERAHAN DAN PENILAIAN TUGASAN ASSIGNMENT SUBMISSION AND ASSESSMENT ____________________________________________________________ _____________ BBAW2103 PERAKAUNAN KEWANGAN/FINANCIAL JANUARI/JANUARY 2011 ____________________________________________________________ _____________ ARAHAN KEPADA PELAJAR / INSTRUCTIONS TO STUDENTS 1. Tugasan ini mengandungi SATU (1) soalan sahaja yang disediakan dalam bahasa modul bercetak kursus ini. / This assignment contains only ONE (1)
Words: 1003 - Pages: 5
CPA Report This memo has been prepared in response to Mr. Butterworth’s inquiry on behalf of the independent audit team reviewing XYZ Corporation, a wholly owned subsidiary of ABC Company. Specifically this memo addressed the methodology used to determine deferred taxes, the procedure for reporting accounting changes and error corrections, and the rationale behind establishing XYZ Corporation as a subsidiary. Also included in this memo, as requested, is a discussion of the responsibilities of
Words: 1149 - Pages: 5
Audit Problem 6-32 pg. 172 A) The bank decided that the assurances provided by a review would be needed before the large loan would be approved, but the audit was something Rene wanted. A review includes a CPA firm performing analytical procedures, making inquiries about the fair presentation of the statements, and examining the information for Reasonableness. Because of a CPA firm’s expertise in accounting, the accountant from the CPA firm can often identify incorrect presentations
Words: 454 - Pages: 2
of the standard is determining where the line should be drawn between these relationships and the auditor’s ability to maintain these relationships and the independence considered necessary to give an unbiased opinion when it comes time to write a report that is unprejudiced and reliable to the public and investors at large. Let us begin with Health Management’s CEO Clifford Hotte and CFO Drew Bergman’s 1995 inventory fraud scandal by which author Michael C. Knapp’s assertion could be considered
Words: 1813 - Pages: 8
For this question, please state either that no report should be issued or what specific type of report should be issued (such as compilation, review, audit, etc.) and what that report will be on, such as on the financial statements, on internal controls, etc. You should also include if any disclaimers should also be issued. a. A compilation report should be issued that describes what the compilation engagement was and an opinion. b. A review report should be issued and it should describe the review
Words: 808 - Pages: 4
