ATTACHMENT A: GENERIC TRAINING PLAN EY Zimbabwe – 2013 Instructions for completion · This is a generic training plan for ONE hypothetical trainee · All applicants must complete all the sections TRAINING PLAN Elective: Auditing & Assurance Residuals: Taxation Management Decision-Making & Control Financial Management Internal Audit, Risk Management and Governance COMPULSORY SKILLS BUSINESS ETHICS Mode through which competence will be achieved (i.e. practical experience/ simulation Competency to
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enough information about the company under audit’s inventory procedures. Aside from that, he must also identify inventory locations, have a tour of the business, and forbid movement of inventory. Observation of inventories is a generally accepted auditing procedure. The independent auditor who issues an opinion when he has not employed them must bear in mind that he has the burden of justifying the opinion expressed. A decision to observe less than
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information, or its context, for decision makers. 8. The four major elements in the broad definition of assurance services are independence, professional services, improving the quality of information, or its context, and for decision makers. 10. Auditing Standards Board’s management assertions are existence or occurrence, rights and obligations, completeness, value or allocation, and presentation and disclosure. Existence asserts that each of the balance sheet and income statement balances actually
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Hilario, Kedron ACTG 6310 Dr. Harrington 4 February 2015 From Sparks to Fired: Case Study 1. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) Enterprise Risk Management (ERM) – Integrated Framework (2004) is a guideline for managing risk and understanding internal controls. The eight components of the COSO ERM Framework are as followed: internal environment, objective setting, event identification, risk assessment, control activities, information and communication
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------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Module 3 - CIT Case 1. Explain the three aspects of the fraud triangle and how these factors enabled fraud to occur at CIT. The three aspects of the fraud triangle were available in the CIT case. Niakan was the Director of Assets Management. He was in charge of two departments, the
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kellyjones@gmail.com ------------------------------------------------- Objective Auditor position in the public accounting field in the Chicago area. Summary * More than two years of progressive accounting and auditing experience * Auditor internship with Ernst & Young in New York City * Magna Cum Laude graduate with BBA in Accounting * Proficient with MS Office, Windows, and the Internet Education Bachelor of Business Administration
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Planning the Audit Process I wanted to let you know that Apollo Shoes is satisfied with our services and wants to continue with a full audit. Therefore I wanted to explain to you how I plan to conduct the audit. I will begin with an explanation of the objectives, responsibilities and strategies for completing the audit. This will be followed by explanations on how analytical procedures will be used to plan, conduct and complete the audit, how materiality and risk will be consider in designing the
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Case 1-2 Giles and Regas 4/21/2015 1.Facts Ed Giles, 35 year old CPA and a partner at Saduga & Micha accounting firm Susan Regas, 25 year old senior accountant in the same firm Giles and Regas been dating for four months They well know firm policy does not permit different ranks to date Most of the staff seem to know about their relationship Regas was assigned to audit CAA industry under Giles supervision Giles and Regas spending personal time during
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Ms. Jill Karnick, the BDO Seidman semi-senior who had been assigned the primary responsibility for auditing HMI's inventory account, took the witness stand. Karnick revealed in fact, she had attempted during the audit to perform an inventory roll forward, which is essentially equivalent to an inventory roll back. But she didn't continue to carry out the test for it was "normal practice" to discard the results of inconclusive audit test. Working paper must contain an accurate statements and data
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preparation and retention of audit work paper, the requirement prepare by auditor should be in a manner that it helps the auditors to carry out auditing services in the most appropriate way. Hence the working paper requirement at most should avoid accumulating unnecessary working papers for the sake of client and for the requirement of professional auditing standards. When it comes to the ownership of audit work paper and as with the general principles, audit paper is the property of the auditor
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