Title CORPORATE GOVERNANCE AND THE ROLE AND INTERNAL AUDIT WITHIN HIGHER EDUCATION IN UNITED ARAB EMIRATES (UAE) Why I am interested in this area I am working as Senior Internal Auditor in the Education Industry from last 4 years and for this reason, I consider it as a great opportunity to explore and research, that, any importance is available and provided in this aspect or not and what are the preventive and mitigating measures taken by the Institutions to overcome towards any shortfalls
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after its’ sponsors, U.S. Senator Paul Sarbanes and U.S. Representative Michael G. Oxley. The act was enacted on July 30, 2002. It is also known as the Public Company Accounting Reform and Investor Protection Act (Senate) and the Corporate and Auditing Accountability Act (House). The bill was enacted as a reaction to a large number of major corporate and accounting scandals. These scandals raised public confidence in the nation’s securities markets. The bill does not apply to privately held
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Audit Plan ACC 410 I will attempt to set up an audit plan for Keystone Computers & Networks, Inc. In order to set up this audit plan, I will use an outline format that will cover systematically throughout the entire audit. Every audit is unique in which all auditors have their own ways of making their plans. Planning of an audit is a continuous process and that the strategy and planned audit approach may change as new information comes to an auditor’s attention during the course of the
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Internal Auditor Recommendation Brief The client has mentioned that it has an out-of-control system and is in need of direction, organization, and establishing appropriate controls. Because of the increased attention surrounding increased operating expenses, speculative transactions and corporate fraudulent activities by legislators, shareholders and the media has caused United States companies to focus on implementing and maintaining a comprehensive and effective system of internal controls.
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BAC4664 – Internal AuditingSection B01DTrimester 3, 2014/2015 | Internal Auditor and Whistleblowing Policies | Group Assignment | | Prepared by:Gabriella Rena Vanessa Darmadji 1121116458Nur Aida Binti Mohd Jasmin 1121118345 | | | Multimedia University Cyberjaya 2015 | INTRODUCTION Fraud negatively impacts organizations in many ways including financial, reputation, psychological and social implications. According to various surveys, monetary losses from fraud are significant
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Audit Procedures for Account Balances Substantive procedures for disclosures and account balances are necessary to acquire enough evidence as there are many restrictions on internal controls. The auditor's judgments based on opinions when preparing risk assessment concerning the business and its scope can be a limitation to obtaining enough audit evidence (Clatworthy & Peel, 2013). Therefore, the auditor must perform essential procedures applicable in different transaction classes and account
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are materials that correspond with generally accepted accounting principles. When giving the information of the financial statements, ZZZZ client makes several claims about their financial conditions and results of restoration business operations. External users that trust the financial statements to make business decisions to observe the auditor’s report a warning of the statements’ trustworthiness. ZZZZ best company value the auditor’s assurance because of the auditor’s independent firm from the
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the field of Accounting and Auditing; that’s why I obtained my Bachelor degree in Business Administration and Accounting. During my university years, I worked throughout to gain the relevant experience needed in my career. I started as a Junior Accountant with Pannell Kerr Forster and within a year I was promoted to an Audit Senior. This opportunity helped me identify my passion as an Auditor. From there, I have decided to further my career in the field of Auditing and obtain all necessary
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Assignment 2: Accounting and Audit Enforcement ACC 599 – Graduate Accounting Capstone QUESTION #1 After so many scandals in regards to financial frauds, Sarbanes-Oxley Act Section 404 mandates that all publicly-traded companies must establish internal controls and procedures for financial reporting and must document, test and maintain those controls and procedures to ensure their effectiveness. Non-for-profit healthcare organizations do not hold themselves to the same standards as the for-profit
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an independent auditor for Koss during fiscal year 2004 through 2008. However, Grand Thornton was sued into court because it failed in its fiduciary role by issuing false audit opinions during this period. The negligence, carelessness and reckless auditing behavior caused that the scheme of Sachdeva wasn’t uncovered for a long time. Before March, 2004, PWC played the role of main auditor of Koss Corporation. According to the information disclosed by the proxy statement during the fiscal year 2004,
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