CGA-CANADA ADVANCED EXTERNAL AUDITING [AU2] EXAMINATION December 2010 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
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Case 1: The Fraud Continues July 17, 2011 Abstract Focusing on the internal control weaknesses that existed at MCI, which contributed to the commission of Walt Pavlo’s famous multi-million dollar fraud. Discussing the approach that should have been taken if fraud was suspected and applying one theory related to crime causation of this case. As well as critiquing the ethical behavior of Pavlo and MCI – discussing what actions could have been taken to prevent the crime. 1. Discuss the
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(Client X) SAMPLE ACCOUNTING POLICIES AND PROCEDURES MANUAL Adopted May 20XX TABLE OF CONTENTS 1.00 BACKGROUND INFORMATION 1.01 Tax Status and Purpose 1 1.02 Service Area 1 2.00 CHART OF ACCOUNTS 2.01 Assets 2 2.02 Liabilities 2 2.03 Net Assets (Fund Balance) 2 2.04 Revenues 2 2.05 Expenses 2 2.06 Cost Centers 2 3.00 ACCOUNTING PRINCIPLES AND PROCEDURES 3.10 Policies 3 3.20 Procedures 3.21 Revenue Recognition 3 3
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topic and generate ideas Activity B – Organize ideas into a coherent text structure Activity C – Compose a first draft Part 3: Revising (40 marks) Activity A – Evaluate a text Activity B – Organize a text Activity C – Revise a text General Instructions The writing tasks you will complete in this assignment are based on real-world scenarios that describe a variety of situations. 1. Read every activity and scenario carefully in order to understand the problems that the
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Bears have managed to handle the refurbishment of the project. ZAP is responsible as no contract was signed regarding any issues. As Bears being a construction company, they are handling all the painting, interior work of the project. They signed a memo with John, the past Project Manager, whose project I have taken over. As the project discusses an issue of doing a quick review of seeing Bear being responsible, I simply believe that does not make sense or prove anything of having them held responsible
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Week 4 Knowledge Check Study Guide Concepts Mastery Questions Four Levels of Needs 100% 1 2 3 100% 4 5 6 100% Analysis 7 8 9 100% 10 Principles That Enhance Learning Three Categories of Training Methods Steps in Evaluation Phase Score: 12 / 12 11 12 Concept: Four Levels of Needs Analysis Mastery 100% Questions 1 2 3 1. The level of training needs analysis that focuses on identifying whether training supports
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BUSINESS COMMUNICATION TRENDS More often than not, business depends on communication. A good communication trend enhances understanding in businesses. People must communicate to plan products and services; hire, train, and motivate workers; coordinate manufacturing and delivery; persuade customers to buy; and bill them for the sale. In every organization, communication is the way people get their points across and get work done. Business communication helps organizations and the people in
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the amount owed sales and customer payments. Originally sent and one or more copies reserved to the customer. Sales invoice is recorded record sales accounting documents. c. Credit memo document represents the number of reduction is due from the customer due to return or pocket money. Usually it takes the same general form sales invoices, but it reduces the customer's accounts receivable balance rather than increasing it. d. Remittance advice is a document, accompanied by the sales invoice to
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Conflicting Federal and State Medical Marijuana Policies: A Threat to Cooperative Federalism Todd Grabarsky* Abstract The legal status of medical marijuana in the United States is something of a paradox. On one hand, federal government has placed a ban on the drug with no exceptions. On the other hand, over one-third of the states have that legalizes the cultivation, distribution, and consumption of the drug for medical purposes. As such, the usage of medical marijuana is an activity that
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assessment, and enhanced financial disclosure. The bill was enacted as a reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco, WorldCom and Arthur Andersen LLP. These scandals cost investors billions of dollars when the share prices of affected companies collapsed and shook public confidence in the nation's securities markets. The Sarbanes-Oxley Act of 2002 and Its Effect on the Accounting Profession Enron, World Com and Arthur Andersen LLP, three names
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