Free Auditing Essays   Free Auditing Essays

Accounting
Accounting On September 28, 1998, Chairman of the U.S. Securities and Exchange Commission Arthur Levitt sounded the call to arms in the financial community. Levitt asked for, immediate and coordinated action? to assure credibility and transparency of financial reporting. Levitt's speech emphasized the importance of clear financial reporting to those gathered at New York University. Reporting which has bowed to the pressures and tricks of earnings management. Levitt specifically addresses five of...

Accounting Differences
Accounting Differences General Comments about the Insurance Industry Insurance Companies generate revenues by selling insurance policies. These policies provide a known amount of revenue for an unknown amount of losses offsetting that revenue. This can make the matching principle difficult. Some of the potential losses can come years after the insurance policy was written and the premiums received. The liabilities for these future losses are estimated by actuaries and are subject to a certain am...

Asia
Asia A large economic downturn in East Asia threatens to end its nearly 30 year run of high growth rates. It is hard to understand what these declines will actualy do to the world market. The crisis has caused Asian currencies to fall 50-60%, stock markets to decline 40%, banks to close, and property values to drop. The crisis was brought on by currency devaluations, bad banking practices, high foreign debt, loose government regulation, and corruption. Due to East Asia's large impact on the worl...

Charles Manson: Methods To The Madness
Charles Manson: Methods To The Madness On the morning of August 9, 1969, three LAPD officers arrived at 10050 Cielo Drive (Bugliosi 7). The scene that awaited them was horrendous. In the driveway, in a parked car, the body of Steven Parent was found. He was shot four times and stabbed once. Laying about eighteen or twenty feet past the front door of the house, Voytek Frykowski had been shot twice, beaten over the head with a blunt object thirteen times, and stabbed fifty-one times. Also discover...

Statistical Concepts Are Used In Various Aspects On Industry. The Foll
Statistical concepts are used in various aspects on industry. The following highlights the use of statistics in these industries: Accounting/Auditing, Insurance, and Medical (Pharmaceutical). In the accounting/auditing field, it is imperative that the auditor makes an effort to determine that financial statements are stated accurately and free of material error (appear to be stated accurately). To accomplish this task, auditors utilize test methods that include statistical sampling of accounting...

Accounting And Auditing Processes
Accounting and Auditing Processes Justin Denman Accounting and Auditing Processes March 4, 2000 Writing Assignment #1 Revenue Recognition Policies The purpose of this paper is to compare the revenue recognition policies of two companies in the search, detection, navigation, guidance, and aeronautical systems industry. The two companies I have selected are Aerosonic Corporation, and Esco Electronics Company. Esco Electronics Company is engaged in the design, manufacture, sale and support of engin...

Auditor Liability
Auditor Liability Throughout the Eighties and into the Nineties the question of liability has become more prevalent in the practice of public accounting. Recently, the AICPA has been lobbying for liability reform in cases involving negligence or malpractice by public accountants. Opposition to this lobbying has come from consumer advocacy organizations, trial lawyers' associations, and state public interest groups to name a few. (Bolinger p. 53) The key to success for the AICPA, according to Gar...

Audit Risk Model
Audit Risk Model This is defined in AUS 402 as ?the susceptibility of an account balance ... to misstatement that could be material ... assuming there were no related internal controls' (AUS 402.09). Estimating the inherent risk (IR) for each account balance or class of transactions requires the auditor to take into account such factors as the level of complexity involved in determining the ?correct' balance of an account, the complexity of transactions involving the particular account(s) and t...

Financial Reporting
Financial Reporting On September 28, 1998, Chairman of the U.S. Securities and Exchange Commission Arthur Levitt sounded the call to arms in the financial community. Levitt asked for, immediate and coordinated action... to assure credibility and transparency of financial reporting. Levitt's speech emphasized the importance of clear financial reporting to those gathered at New York University. Reporting which has bowed to the pressures and tricks of earnings management. Levitt specifically add...

Asian Crisis
Asian Crisis A large economic downturn in East Asia threatens to end its nearly 30 year run of high growth rates. It is hard to understand what these declines will actualy do to the world market. The crisis has caused Asian currencies to fall 50-60%, stock markets to decline 40%, banks to close, and property values to drop. The crisis was brought on by currency devaluations, bad banking practices, high foreign debt, loose government regulation, and corruption. Due to East Asia's large impact on...

Auditor Liability
Auditor Liability annon Throughout the Eighties and into the Nineties thequestion of liability has become more prevalent in the practice of public accounting. Recently, the AICPA has been lobbying for liability reform in cases involving negligence or malpractice by public acco untants. Opposition to this lobbying has come from consumer advocacy organizations, trial lawyers' associations, and state public interest groups to name a few. (Bolinger p. 53) The key to success for the AICPA, according ...

TOSCO MARKETING COMPANY
TOSCO MARKETING COMPANY Quality control comes in many forms. For some it is following a specific philosophy, such as those developed by Demming or Juran. For others it is achieving a specific degree of merit as that established by the Malcolm Baldridge Awards, or International Standard Organizations (ISO). However, the petroleum industry as a whole has compromised, shifted, and remained adaptable to an ever-changing world filled with government regulations and restrictions. The negative environm...

Welcome
Welcome Software Developer Why? Evaluate Operating Systems (OS) that could be beneficial Overview What is an Operating System? Types of Operating Systems History of the two OS Overview cont... Opinion on subject matter: Reliability, Performance, Applications, Support, Security, Installation and Setup, along with the cost of the two systems. Recommendation of Operating Systems Presented Summary of all Major Points Operating System (OS) What is it? Primary Purpose To support applications (programs...

INTRODUCTION
:INTRODUCTION : In this essay, I would like to start with a brief explanation about the accounting regulation and standards set for various treatments consists of gaps where the rules are vague or even incomplete. Then, I would like to give a brief introduction about the development of standards set for capital instrument, such as TR677 (ICAEW), FRED 3 and FRS 4. Next, I will go into details examining the problems found in these proposals and standard, especially FRS 4. Coming to this stage, I wi...

TRUTH AND THE EVOLUTION OF THE PROFESSIONS: A COMPARATIVE STUDY OF `TR
TRUTH AND THE EVOLUTION OF THE PROFESSIONS: A COMPARATIVE STUDY OF `TRUTH IN ADVERTISING' AND `TRUE AND FAIR' FINANCIAL STATEMENTS IN NORTH AMERICA DURING THE PROGRESSIVE ERA Both advertisers and auditors wrestled with the truth of their text during the Progressive Era (1880-1940). Although in North America, advertisers adopted truth in advertising as a theme, auditors rejected true and fair as a description of financial statements. Auditors instead adopted the weaker statement that financial st...

Association Of Certified Fraud Examiners
Association Of Certified Fraud Examiners Corporations are often the victims of the most common white-collar crimes that occur in corporate America. According to the Association of Certified Fraud Examiners (cfenet.com), abuse and fraud by employees cost U.S. organizations more than $400 billion annually&[which equals] $9 per employee per day. These statistics show the corporate need for forensic accountants, there also is an immense demand for these specialized accountants in the private secto...

America Tax
America Tax Running head: Taxes Taxes: Who benefits and who gets ripped off Taxes 2 Abstract Taxes are the dollars that we pay to government to supply the services that are not or can not be provided through the free enterprise system. Taxes have been around since the beginning of organized societies. They come in various forms. Most common are income taxes both federal and local government. These taxes are assessed on the amount of income a person earns. Other taxes come in the form of user tax...

Real Estate Investment Trusts
Real Estate Investment Trusts Derrick Robicheaux Auditing 11:00-11:50 Accounting for REITs A real estate investment trust, or REIT, is a company that buys, develops, manages and sells real estate assets. There are three types of REITs; they are equity REITs, mortgage REITs, and hybrid REITs. An equity REIT is a corporation that purchases, owns and manages real estate properties; it does not own or originate real estate loans. It may also develop properties. A mortgage REIT is a corporation that ...

Islamic Banking
Islamic Banking INTRODUCTION The basic concept of Islamic banking which is also known as 'interest-free banking' is based on basic ethical standards with just one main difference- Muslims are not allowed to pay or receive interest. This does not mean that business activities or making a profit are not encouraged, they are but as long as they dont involve interest in any form. To fulfil this purpose, financial instruments have been introduced by the Islamic financial institutions to satisfy thes...

Financial Regulation In The Uk And Ireland
Financial Regulation In The Uk And Ireland There has been considerable changes in the regulation of financial markets in the UK and other countries. Why is this? Financial markets tend to be more highly regulated than other markets. Explain why. In May 1997, the British Chancellor of the Exchequer made the decision to move the responsibility of supervision of financial institutions into the hands of a new regulatory authority, the Financial Services Authority (FSA). This new authority replaced t...

Integration And Animal Farm By Orwell
Integration And Animal Farm By Orwell Derrick Robicheaux Auditing 11:00-11:50 Integration of Education in the United States Throughout history, education is recognized as one of the key components of any civilized society. It is a natural instinct for man to learn, and feel the need to pass on that knowledge to their young and to all those who come behind them. People have a passion for education, and will fight for the opportunity to gain the valuable knowledge that education provides. The impo...

Mattel - Auditors Liablity
Mattel - Auditor's Liablity Certified Public Accountants are expected to conduct themselves at a higher level than most other members of society and are held to the highest of ethical standards. The American Institute of Certified Public Accountants provides general accepted auditing standards and the code of professional conduct as a framework of guidance for CPAs to follow in performing audit procedures. The following audit case demonstrates potential problems that can occur when the client, M...

Regional Economic Impacts Of Idaho State
Regional Economic Impacts Of Idaho State The Regional Economic Impacts of Idaho State University, 1996 Dr. Richard Bowen, President of Idaho State University, requested the Center for Business Research to conduct a study of the impact of the University on Idaho, with particular emphasis on its regional impacts upon the Pocatello area. This publication reports the findings and results of that effort, which was begun in the fall of 1997. This report is a follow-up to, and a complete revision of, a...

The Actor
The Actor Moe Minkara The Actor What is acting, who are people which we can name actors? In fact we are all actors. Every single human being is an actor in his everyday life. Yet acting can be subdivided into two parts depending on a professional basis or daily one. Within the professional acting there are two major categories, Imitation and the art of becoming. Imitation, is when an actor tries to mime or imitate a certain character by talking the same way and making similar physical gestures t...

Computer Fundermentals
Computer Fundermentals The society in which we live is complex and sophisticated. As consumers we demand a variety of goods and services to enable us to maintain the quality of life we enjoy. In order to satisfy these demands, suppliers must produce the goods and services, which the consumer wants by combining factors of production such as land, labour and capital in the most efficient manner. To do this the hiring of workers, rent or purchase of the appropriate premises, and maybe, even investi...

Natural Resource Aspects
Natural Resource Aspects NATURAL RESOURCE ASPECTS OF SUSTAINABLE DEVELOPMENT IN LEBANON AGRICULTURE Decision-Making: Coordinating Bodies The Ministry of Agriculture (MoA) and The Rural Development and Natural Wealth Directorate are most responsible for agriculture. National and International NGOs and UN organizations are also active. Programmes and Projects In terms of rural development, MoA is implementing a $5.5 million internationally-supported integrated rural development programme in the Ba...

Recruitment Of Trainee Accountants
Recruitment Of Trainee Accountants RECRUITMENT OF TRAINEE ACCOUNTANTS Finding ways to support improvements on traditional approaches is a constant challenge to any field and control professionals, who must be open and receptive to change. Not being afraid of change isn't enough, however; accountants must be excited and motivated about new ways of doing things. With the introduction of Human Resources, people in an organization have taken a new role. Long gone were the days when an accountant is ...

Materiality In Financial Statements
Materiality In Financial Statements It is the responsibility of an independent auditor to plan and perform an audit of financial statements that will provide reasonable assurance of detecting errors and irregularities that are material in nature. According to the Financial Accounting Standards Board, the essence of the concept of materiality is: The omission or misstatement of an item in a financial report is material if, in the light of surrounding circumstances, the magnitude of the item is s...

J.C. Penney Gift Certificate Concerns
J.C. Penney Gift Certificate Concerns J.C. Penney Gift Certificate Concerns J.C. Penney Company, Inc. has recently introduced a new point of sale (POS) system developed by NCR Corporation into their stores. In the first six months of operation, it has become apparent that there are unanticipated problems with the accounting and control functions pertaining to gift certificates. The new POS system does not provide for adequate tracking or control of the certificates on the sales floor, store leve...

Mcse Analyisis
Mcse Analyisis Job Task MCSE Analysis: Report to Participants Michael Angelo Southern Illinois University June 1999 Overview and Summary In preparation for new MCSE examinations, between February 19th and March 16th of 1999 more than 2,800 computer professionals completed a survey via the web. The purpose of the survey was a job analysis--a description of the on-the-job activities necessary for positions that MCSEs fill. Both employment tests and certifications must be based on job analyses . Be...

Scientology: Religion Or Bizarre Cult?
Scientology: Religion Or Bizarre Cult? English 150 Sean Roberts Dec. 13/99 Scientology New Age Religion or Bizarre Cult? 1. Many people have heard of the revolutionary new religious practice called Scientology. However, the majority of people who have heard of it, have little knowledge of the principles and practices behind the religion. In fact, there is a dark side behind Scientology, and much speculation that the religion is a brainwashing cult. Many people are opposed to the religion because...

Ibm Company
Ibm Company I. Current Situation (1991-1993) 1. History of IBM: IBM is a multinational corporation that started its activities in 1911. But its origins can be traced back to 1890, during the height of the Industrial Revolution. It was first known as the Computing-Recording Company, then in 1924, it took the name of International Business Machines. Nowadays, this multinational company is known as the ? Big Blue ?. 2. Mission statement IBM main activity is to find solutions to its wide range of cl...

Accounting
Accounting ACCOUNTING THE LIFE-LINE OF THE BUSINESS WORLD Christian De Church Professor Hercer Communications 215 April 18, 2000 Introduction What goes on in business and other organizations? How are their activities carried out? Who is responsible for them? And, what part does accounting play? These questions and many more are often thought about by many confused and mislead business majors. The main purpose of accounting is to provide useful, reliable, and timely information to people who make...

Windows Nt
Windows Nt Windows NT Operating System Windows NT History. Since it was first released in 1993, Microsoft Windows NT Server has established itself as the network operating system (NOS) of choice for countless organizations of all sizes in private industry and public agencies. They have discovered that Windows NT Server is extremely reliable, highly scalable, and capable of handling the complex, mission-critical demands of even large Fortune 500 corporations. But the widespread adoption of Window...

Turkish Banking Sector Analysis
Turkish Banking Sector Analysis INTRODUCTION The banking sector constitutes the greater part of the Turkish financial system. Banks carry out a great portion of the activities taking place in both money and capital markets. The share of the banking sector in the financial system as of the end of March 1997 was 71 %. Turkey's financial system and its banking sector are virtually synonymous as a consequence of the country's economic and historical development. There are a number of factors that gi...

accounting standards board paper
Accounting Standards Boards Paper In 2001, the company Enron made financial history. This energy company was warehoused in Houston, TX. Due to poor financial reporting, and theft, this company became known for its bankruptcy. Thousands of employees lost their jobs and billions of dollars were lost. This act was done by strategically planned accounting fraud. The Sarbanes-Oxley Act was also created as an outcome. However, accounting issues have gone back way before this incident. History of IASB ...

INTERIM FINANCIAL REPORTING AND INVESTMNET DECISIONS
INTERIM FINANCIAL REPORTING AND INVESTMNET DECISIONS BY A.A. OWOJORI, PhD, FCA Senior Lecturer in Accounting & Business Education Accounting and Business Education Unit Department of Educational Management Faculty of Education Ekiti State University Ado-Ekiti, Ekiti State, Nigeria [email protected] [email protected] 08033525195 ABSTRACT The main objective of financial report, annual or interim, is to provide information about the reporting entity?s financial performance and fina...

Managements
Ferdinand Porsche This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (December 2006) This article is about the founder of Porsche automobiles. For his grandson, the designer of the Porsche 911, see Ferdinand Alexander Porsche. Ferdinand Porsche Born 3 September 1875 Maffersdorf, Bohemia, Austro-Hungarian Empire Died 30 January 1951 (aged 75) Stuttgart, West Germany[...

Ethics in Accounting
Ethics in Accounting Assessing the Role of Ethics in, and the Impact of Recent Issues on, the Practice of Accounting : An Analysis of Unethical and Illegal Practices Leading to the Downfall of Corporations and Companies By: October 12, 2016 BAF3M Unit 19 & 20 (Accounting Careers and Ethics) Mrs. Hruska Ethics in Accounting An Analysis of Unethical and Illegal Practices Leading to the Downfall of Corporations and Companies The two main jobs of an accountant are to classify and record financial i...

Literacy Narrative
Literacy Narrative Growing up, one of the biggest intrusions getting into the way of my ability to read and write was my learning disability. Before identifying my learning disability (severe ADHD) after more than 20 years of suffering within the context of classroom settings and activities, I had gone through incredulous amounts of frustration. I could never understand why it would take me so long to read the same few pages of a book that my classmates breezed by within minutes. I could never ...

Network implementation infrastructure for GAI adve
Network implementation infrastructure for GAI advertising firm Author's name Institution Course Date Abstract The sole purpose of this paper is to show the network implementation infrastructure for GAI advertising firm in its two newly established sites at New York and Los Angeles. The paper will highlight the advantages of using windows server 2012 in order to meet the firm's objectives in networking. Introduction It is beneficial to have a review of the overall network infrastructure at GAI a...

NAME KANYAI RUTENDO S
NAME KANYAI RUTENDO S REG. NUMBER R121166A PROGRAMME HAD COURSE AD222 LECTURER MR TADERERA T/A MR TINARWO QUESTION D iscuss the utility of the International Labour Organization's Occupational Health and Management System. TUTORIAL GROUP TUESDAY (9-10am) Occupational Safety and Health (OSH) is a discipline dealing with the prevention of work related injuries and diseases, and the protection and promotion of the health of workers. It aims at the improvement of working conditions and environment. ...

For Any course, any tutorial just email us at uopa
For Any course, any tutorial just email us at [email protected] If you provide any new syllabus (not available on our website), we will provide the tutorials at very reasonable cost Threat Model CMGT/431 (BITIS0415M) Date Threat Model A threat is Any circumstance or event with the potential to adversely impact organizational operations (including mission, functions, image, or reputation), organizational assets, or individuals through an information system via unauthorized access, de...

For Any course, any tutorial just email us at uopa
For Any course, any tutorial just email us at [email protected] If you provide any new syllabus (not available on our website), we will provide the tutorials at very reasonable cost Week 1 Week 1 The security of the organization should be of significant performance for every employee. The potential for threats can be found in each and every area of the organization. A threat can be any circumstance or event that has the ability to impact the operations or assets of the organization. ...

For Any course, any tutorial just email us at uopa
For Any course, any tutorial just email us at [email protected] If you provide any new syllabus (not available on our website), we will provide the tutorials at very reasonable cost CMGT/431 (BITIS0415M) Date (Slide 3) Audit Process: The audit serves as a monitoring device and is thus part of the corporate governance mosaic (Cohen, J., Krishnamoorthy, G., Wright, A. M. 2002). Auditors consider Risk analysis and contingency procedures. They promote more transparency and governances an...

System Integrity and Validation Kudler Fine Food i
System Integrity and Validation Kudler Fine Food is a specialty food store that caters their service to a variety of special clients. Providing great service has been a calling card for Kudler Fine Food. Since their first store was open back in 1998, they have enjoyed great success. This has also allowed them to open a few more locations. Having the ability to have a strong accounting information system and great business structure in place was vital to the growth and development of Kudler Find...