2. What is an audit and how often can a business be audited by the tax office? An audit is the examination of the financial report of an organization - as presented in the annual report - by someone independent of that organization. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes. The purpose of an audit is to form a view on
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目錄 封面----------------------------------------------------------------------------------------------------P.1 目錄----------------------------------------------------------------------------------------------------p.2 章節:---------------------------------------------序言------------------------------------------------p.3 章節1:----------------------------------聯想集團公司簡介------------------------------------P.4 章節2:---------------------------------聯想在中國的發展戰略----------------------------P.5-7
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Reflexion I: Es ist unglaublich welche Gier, Macht und Selbstübereinschätzung damals bei Enron vorgeherrscht hat. Jahrelang konnte das Unternehmen Bilanzverfälschungen, Betrug und dubiosen Geschäften geheim halten. Doch letztendlich ging Enron bankrott und alle Geheimnisse des Konzerns kamen ans Licht. Regulierungsphase (- 1985) 1926 wurde der Vorgänger von Enron, Houston National Gas, gegründet. Es war ein regionales Pipeline-Unternehmen mit einem guten Ruf. Aufgrund der Wirtschaftskrise in
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目录 《证券分析》中译本序 ................................................................................................................... 2 《证券分析》推荐序 ....................................................................................................................... 3 致读者 ............................................................................................................................................... 4 导言 .............................................................................
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financial statement users about the audit and the auditor. "These proposed changes will make the auditor's report more relevant to investors," said James R. Doty, PCAOB Chairman. "More robust audit reports that demonstrate the strength and value of the audit also should lead to better public awareness of, and appreciation for, auditors' skill and insight." In 2010 and 2011, PCAOB staff conducted outreach to investors, auditors, preparers of financial statements, audit committee members, and other interested
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considering whether or not to accept a new audit client, the successor audit should make specific and reasonable inquiries of the predecessor auditor regarding matters that will assist the successor auditor in determining the acceptance of the engagement. Matters subject to inquiry include: information that might bear on the integrity of management, disagreements with management as to accounting procedures, or other similar significant matters, and communications to audit committees regarding fraud, or illegal
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Unit: Participate in a Quality Audit Project No.: 2 Student Name: Sonia Rana Name : Sonia Rana List of Contents Description Page No. Introduction Quality Audit and Its Importance Audit Team and Their Roles Audit Procedure Entry and Exit Meetings Reporting Audit Standards Summary References 3 4-5 5-7 8-11 11-13 13-14 14-15 15 15 Page 2 of 15 Name : Sonia Rana Introduction: This paper details the importance of the Quality audit, why audit are conducted and what is the purpose of auditing
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professional skeptism and due care during the audit. 1. What steps does an auditor ordinarily take when confirming cash balances held on deposits with financial institutions? The auditors usually require a confirmation letter from the financial institution to check if the account balance of bank agrees with the numbers on the company’s books. Auditing standards require direct communication that mailing the confirmation letter to the bank be sent by the audit firm and responded directly to the firm
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Act of 2002, the Public Company Accounting Oversight Board or PCAOB requires auditors of U.S. public companies be subject to external and independent oversight. As well as a “provision requiring auditors to evaluate the effectiveness of companies’ audit committees” (Sharp Paine & Eric Bettcher, 2006). On October 2002 there were four appointed members and two of them were Goelzer and Charles D. Niemeier who were both accountants that had served at the SEC (Sharp Paine & Eric Bettcher, 2006)
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With the complexity of accounting today there is a need for someone to oversee the auditors and the publicly help companies. The auditors must prove their independence when attesting to the financial statements of publicly held companies. The public companies must be honest and open when they file their financial statements. In recent years there have been auditors who were bias towards some companies and also companies have not been disclosing all the facts about their financial position. These
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