Identification of Potential questionable numbers Student’s Name Institution Course Tutor Date Identification of Potential questionable numbers The financial statements of an organization should present the accurate and true financial position of the organization. Information contained in financial statements should, therefore, be clear, reliable, self explanatory, and easy to understand. This will ensure that these financial statements are useful to the concerned stakeholders. In evaluating
Words: 286 - Pages: 2
Introduction of the article From 2013, the global coal price has decreased significantly caused by the declining coal consumption and many researches indicate that the sharp decline in coal price is structural rather than cyclical which means, unlike what the government and the coal fraternity said, demand may not rebound. Under such circumstance, the Australian coal producer, Peabody Energy is under a huge financial distress risk. In four years, the equity market value of Peabody has fallen from
Words: 958 - Pages: 4
categories. First is services required by legislation or contract to be undertaken by the auditors of the business. This is include regulatory returns, legal requirements to report on matters such as share issues for non-cash consideration, expenditure for grant application purposes and contractual requirements, for example to report to lenders or vendors on net assets. Other than that, services that it is most efficient for the auditors to provide because of their existing knowledge of the business,
Words: 293 - Pages: 2
Auditing and Assurance Introduction The essay is mainly discussing that Transval Ltd wants to hire a new auditing team and depend on the request that be given to the new auditor, whether the new auditor should accept the offer to audit for Transval Ltd or not. Upon that, the essay also talks about the threats to the objectivity as an auditor and the ways to mitigate these threats. Last part of the essay is talking about the risks that could cause misstatements to the financial statements and
Words: 3060 - Pages: 13
MCGILL UNIVERSITY Desautels Faculty of Management MID-TERM EXAMINATION | | | STUDENT NAME | | STUDENT NUMBER | PRINCIPLES OF AUDITING ACCT 475-001 LECTURER: | Ralph Cecere, CPA, CA | | DATE:TIME: | Tuesday, February 25, 20142.5 Hours | | | | | | INSTRUCTIONS: 0 This is a CLOSED BOOK examination. 1 ONLY TRANSLATION dictionaries are PERMITTED. 2 Noiseless non-programmable calculators are PERMITTED. 3 READ BOTH THE QUESTIONS & EACH REQUIRED
Words: 2538 - Pages: 11
STUDY LIST & ESSAYS FOR THE FINAL Fall 2013 AICPA and PCAOB standards on computers can be used for the whole exam, keep time limits in mind Numbers in red are incomplete or need additional information. Some in red may not need additional information, but if additional information can be provided that will help with essays add it. 1. Code of Professional Conduct as it relates to the cases that we discussed -Rule 101 Independence-A member in public practice shall be independent in
Words: 10499 - Pages: 42
CGA-CANADA AUDITING 2 EXAMINATION March 2005 Marks 30 Time: 4 Hours Question 1 Select the best answer for each of the following unrelated items. Answer each of these items in your examination booklet by giving the number of your choice. For example, if the best answer for item (a) is (1), write (a)(1) in your examination booklet. If more than one answer is given for an item, that item will not be marked. Incorrect answers will be marked as zero. Marks will not be awarded for explanations
Words: 7836 - Pages: 32
Ways of Preventing Students from Submitting Materials Written by Someone Else For Academic Credit While there is no magic bullet to prevent students from using the Internet in this manner, the following are ten tips to curb electronic cheating. Use anti-plagiarism websites. Sites like turnitin may be fast and effective at catching plagiarized writing in student's papers. These services scan uploaded essays for lifted material from across the web. Many teachers require students to submit their
Words: 1466 - Pages: 6
and are free from material misstatement, whether by error or fraud. 2. There are definitely fraud risk factors present in the 2000 NextCard audit including: rapid growth compared to competitors, lack of an internal audit team, and pressures to report a profitable quarter. NextCard was able to obtain growth so fast because, they were offering rather generous credit policies which attracted many people who could not get credit elsewhere. As a result, NextCard ended up loaning out over one billion
Words: 710 - Pages: 3
* * * Charles Arthur * The Guardian, Wednesday 16 June 2010 15.30 EDT * Jump to comments (99) Why Minority Report was spot on It's only eight years since Steven Spielberg's Minority Report amazed audiences with its futuristic technology. But now science is fast catching up Tom Cruise as John Anderton in Minority Report - an early adopter of gesture-based computing. Photograph: 20th Century Fox The launch of Microsoft's new Kinect games system, which allows players
Words: 1470 - Pages: 6
