Audit

Clinical Audit

This essay intends to focus upon an audit carried out by the author on her recent practice placement. The practice placement was in a continuing care unit which cared mainly for patients who were at the end stages of life. The author decided to choose safe drug administration for her audit for a number of […]

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The Relationship Between Audit Tenure and Audit Quality

This dissertation proposal will investigate the relationship between audit tenure and audit quality in Sierra Leone.1.1 Background of the StudyThe trend of auditing failure cases has attracted wide attention from the public over the years in both developing and developed countries. Several people have started to notice that behind these failures, the auditors of most […]

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Importance of Human resources Audit

The concept of HR audit has emerged from the practice of yearly finance and accounting audit, which is mandatory for every company, to be done by external statutory auditors. This audit serves as an examination on a sample basis of practices and systems for identifying problems and ensuring that sound accounting principles are followed. Similarly, […]

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Audit Plan

In order to prepare an audit plan in a timely and efficient way, it is essential that a proper strategy is put in together. There are many areas that need to be addressed thoroughly to ensure that the correct outcomes are established. The following are the key areas discussed in the report: Initially the auditor […]

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Strategic Audit Report and Recommendations

It is not to be denied that any business works on taking advantage of the opportunities that it comes across and handling the threats that it is posed with. However, these are the external factors that govern the working of any business. The elements that actually give the control and hold over your business are […]

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Tay Kim Chuan Patrick v PublicAccountants Board

The appellant (“Tay”), who was a publicaccountant, appeared before an Inquiry Committee (“IC”) appointed by the respondent (“PAB”), where he faced 19 charges concerning breaches of professional and technical standards. The appellant was then suspended for 18 months on the ground of professional misconduct. On appeal, he denied the allegation of professional misconduct and asserted […]

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Ten Publicized Audit Failures

i. Parmalat (2003) – Deloitte & Touche Tohmatsu /Grant Thornton Misleading investors with “Brazen Fraud” was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors and banks, which then […]

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Tommy O’Connelll Case Study

1. Compare and contrast the professional roles of an audit senior and a staff accountant. In your analysis, consider the different responsibilities assigned to each role, the job-related stresses that individuals in the two roles face, and how each role contributes to the successful completion of an audit engagement. Which of these two roles is […]

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Kudler Fine Foods Audit Processes

Kudler’s Audit Processes Kudler Fine Food has expanded business and updated their computer systems to meet demands. As IT information is adopted within the organization, automation control processes has become more virtualized. To ensure that Kudler’s computerize systems function properly an audit must be performed on an annual basis. Management at Kudler Fine Foods wants […]

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North Face Inc. Case Study

1. Should auditors insist that their clients accept all proposed audit adjustments, even those that have an “immaterial” effect on the given set of financial statements? Defend your answer. When it comes to immaterial effect on a set of financial statements I would say that clients should not accept all proposed audit adjustments. By clients […]

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Barry Minkow’s Fraudulent Activities

Barry Minkow started a carpet cleaning business in his garage at the age of 16. One year later, Barry decided that hid business does not bring him much profit and began his fraudulent activities. He was running false credit card charges on clients’ cards and check kiting. However, he was able to commit fraud on […]

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Parmalat – College Essay

1. Review the facts in the case, especially the charges in the complaint, and evaluate the auditors’ compliance with GAAS. Do you think the auditor did all they could to detect the fraud? Evaluate whether auditors exercised due care and the level of professional skepticism to be expected in an audit the size of Parmalat. […]

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Madoff Securities

In the case of Bernie Madoff this is perfect example of how unethical behavior can turn into corruption. Madoff, a former investment and stock broker, was formally introduced to the world as the ‘sole’ operator in the largest Ponzi scheme on record. Madoff turned his financial management company into a colossal Ponzi scheme that swindled […]

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The Rogue Trader

Have you ever told a lie? In most causes after telling one small lie another lie follows. After time passes and the lies began to seem like the truth, you dig yourself into a pool of lies which eventually contradicts your first lie. The same truth happens to Nick Lesson and his 8-8-8-8-8 account. It […]

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The performance of Tax Audit in ERCA, LTO branch

Revenue is probably the most important part of the government and most of its plans and policies also depend on the amount of revenue collected. Government has also given priority in reducing the budget deficit through the mobilization of internal resources. Good tax system, apart from generating revenue, minimizes distortion of resource allocation and simplifies […]

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Chicken Run

The purpose of this report is to provide recommendation to the Credit Controller of Excel Poultry and Meat (EPM) Sdn Bhd, Ms Choy on the strategic direction to be taken in relation to alternatives on disclosure. Organization Chart Excel Poultry and Meat (EPM) Sdn Bhd is the subsidiary of PCK holding since 2005 was managed […]

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