Unit 4 Research 1: Using Global Variables Advantages of using Global Variables * Global variable belongs to every function in the program. * Avoid passing frequently-used variables between several functions. * A global variable is accessible in every scope. * A global variable can potentially be modified from anywhere. * It can be accessed from any other files using extern. Disadvantages of using Global Variables * Non-locality -- Source code is easiest to understand when
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PRINCIPLES OF AUDITING The field of accounting offers its candidates several career choices from Tax Accountant, Payroll Accountant, CPA, and Forensic Accountant just to name a few. Most of the jobs require a Bachelors’ Degree from an accredited university. Local accounting firms (AKA) public accounting firms provide services such as preparing taxes for business or personal, located within the city limits. The federal, state, and local taxes that are due from or to the business or individual
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1. An audit provides high level of assurance on the fairness on presentation of the financial statement while a review provides limited assurance on the financial statements of a company. 2. The limitations of the evidences provided by the procedures with regard to management assertion of occurrence will be that the auditors relied heavily on documentation that was provided by the management of ZZZZ best company, they should verified from 3rd parties the claims made by ZZZZ best in their financial
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HUISWERK WEEK 3 (E6 C32 & E8 C39) + OPGAVE E7 DQP 29 & 31 Case 6-32 a. A review provides limited assurance about the fair presentation of financial statements in accordance with generally accepted accounting principles but far less assurance than an audit. Presumably, the bank decided that the assurances provided by a review were needed before a loan could be approved, but an audit was not necessary. A review includes a CPA firm performing analytical procedures, making inquiries about
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nonprofit corporation that oversees the auditors of public companies. The PCAOB protects the interests of investors by helping ensure fair, independent audit reports. * Requires that external auditors report to an audit committee, rather than to an organization’s management. Prior to Sarbanes-Oxley, the external auditors often reported to the company’s upper management. * Requires that a company’s Chief Executive Officer (CEO) and Chief Financial Officer (CFO) certify all annual, or quarterly
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Bangladesh Standards on Auditing (BSA) Current Status of Adoption of ISA |BSA | |Present Title | | | |200
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2-7 - The PCAOB (Public Company Accounting Oversight Board) was created by the Sarbanes-Oxley Act to oversee auditors of public companies to establish auditing standards. For privately held companies the ASB (auditing standards board) provide auditing standards. Prior to PCAOB, ASB also provided guidelines for public companies. 2-10 The GAAS were not supposed to be a step-by-step set of instructions in how to conduct an audit but rather they are meant to represent a framework for the audit
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1. Who is the author of this paper and what is his position (give description of responsibilities) with the PCAOB at the time of this article? The author of the article titled, “The PCAOB and the Social Responsibility of the Independent Auditor” is Douglas R. Carmichael. At the time of this article Douglas Carmichael was the Chief Auditor of the Public Company Accounting Oversight Board. His responsibility as Chief Auditor was to advise the Board and the head of the PCAOB’s professional standard-setting
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ENRON The Downfall of Enron Introduction In recent months, the well publicised collapse of Enron has dominated the international financial news. The impact that Enron has had on both the accounting and business world will be long lasting and there is a need for an accounting shake-up. German newspapers have been casting doubts on the long-term prospects of the so-called “Big 5”. Some articles have been sceptical over the remaining “Big 4” accounting firms’ future and see Andersen as the
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Independence - Its Importance to the External Auditor's Role in Banking Regulation and Supervision Marianne Ojo Oxford Brookes University - School of Social Sciences and Law; The Institute for Business and Finance Research, LLC; Covenant University January 1, 2006 Abstract: The role of the external auditor in the supervisory process requires standards such as independence, objectivity and integrity to be achieved. Even though the regulator and external auditor perform similar functions
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