Experience: July 2011 to Present Global Data Solution Services Co., Ltd Position: Senior Manager Principal responsibility & Key Areas: Preparing consolidation statement and MD&A for Mgt Meeting & BOD Meeting Working with external auditor, assessor, lawyer and following the outstanding list Assorting with other departments and designing the process of the revenue recognition and AR collection Beforehand controlling the items of purchases contracts and sales contracts
Words: 975 - Pages: 4
Auditor independence refers to the position of the external auditor’s level of personal and financial ties to a particular organization which can sometimes be complex. When deciding whether to accept an auditing engagement, one must judge their independence and objectivity. This is why integrity is imperative in business, especially within the world of audit. Congress passed the law, The Sarbanes-Oxley Act of 2002 (SOX) that applies to publicly held companies and their auditors. It was intended
Words: 513 - Pages: 3
Flat Cargo Berhad Presented by: ABDUL RAHMAN BIN YAACOB AFIFAH BINTI HALIM MAZIAH BINTI MOKHTAR MOHAMMAD AZWAN BIN BASHIRUN MOHD ZUBAIR BIN NOR AZMAN AC088467 AC088398 AC088445 AC088323 AC086470 Presented to: SIR AZWAN ABD RASHID NABILAH BINTI SAAD AC088349 INTEGRATED CASE STUDY ACSB 413 INTRODUCTION Company Background 1997 Started operations with 2 aircraft - Boeing 737-200F - Cessna Grand Caravan Operating Primarily -Air cargo carrier Principal activities of FCB Subsidiaries
Words: 2310 - Pages: 10
Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s, WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result, their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
Words: 3407 - Pages: 14
Question: Why is it important for external auditors to be independent? Relate your answer to the primary role of external auditors. Give examples of specific ways the lack of auditor independence may impact adversely on an audit. Auditing can be defined as the systematic process of obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested
Words: 1588 - Pages: 7
the case chart requirements are met satisfactorily. | Most of the case chart requirements are met satisfactorily. | All case chart requirements is met satisfactorily. | | Submission | On-time submission | N/A | N/A | N/A | | TOTAL | | Case analysis STAGE 1 Issues Explain the main issues underlying the case. Place extra attention on the what, why and when. Main issue regarding to the Flat Cargo Berhad is consist of few factor, the main issue face by Flat Cargo Berhad, accounting fraud, found
Words: 1375 - Pages: 6
system efficiency IS Auditing system effectiveness data integrity 8 Information Technology Auditing IT audits: provide audit services where processes or data, or both, are embedded in technologies (Hall, 2011). Joint with internal, external, and fraud audits Scope of IT audit coverage is increasing Characterized by CAATTs IT governance as part of corporate governance 9 Phases of the Information Systems Audit 1. Initial review and evaluation of the area to be audited
Words: 647 - Pages: 3
Department of Law, Economics, Accountancy and Risk AUDITOR INDEPENDENCE Introduction The concept of independence is strongly associated with professionally standard auditing (Olagunju, 2011, pp.85). In other to maintain the utmost standard for the accounting profession, independence is seen as being free from control or pressure and not allowing situations which would tend to weaken objectivity or create personal preconceived notions (Porter and Simon et al., 1996). Audit improves the trustworthiness
Words: 2487 - Pages: 10
2. Planning and Analysis Team .Internal customer BU/departments to serve - Real Estate & Construction, Marketing, Human Resources, Supply Chain, IT . Key Responsibilities a. Provide financial vision, insight and strategy, and lead annual business planning and budgeting process b. Monthly rolling forecasting (income projection) c. Quarterly business review and monthly financial commentary & presentation d. Provide key decision support via Pre and Post analysis of :- Capital
Words: 318 - Pages: 2
4.1 Audit objective relating to database access is verify that database access authority and privileges are granted to users in accordance with their legitimate needs. Audit procedures for testing data access controls are: Responsibility for authority tables and subschemas. The auditor should verify that database administration personnel retain exclusive responsibility for creating authority tables and designing user views. Evidence may come from three sources: (1) by reviewing company policy and
Words: 1785 - Pages: 8
