...INTRODUCTION 1. This standard explains what constitutes audit evidence and establishes requirements regarding designing and performing audit procedures to obtain sufficient appropriate audit evidence. 2. Audit evidence is all the information, whether obtained from audit procedures or other sources, that is used by the auditor in arriving at the conclusions on which the auditor's opinion is based. Audit evidence consists of both information that supports and corroborates management's assertions regarding the financial statements or internal control over financial reporting and information that contradicts such assertions. OBJECTIVE 3. The objective of the auditor is to plan and perform the audit to obtain appropriate audit evidence that is sufficient to support the opinion expressed in the auditor's report.1/ SUFFICIENT APPROPRIATE AUDIT EVIDENCE 4. The auditor must plan and perform audit procedures to obtain sufficient appropriate audit evidence to provide a reasonable basis for his or her opinion. 5. Sufficiency is the measure of the quantity of audit evidence. The quantity of audit evidence needed is affected by the following: • Risk of material misstatement (in the audit of financial statements) or the risk associated with the control (in the audit of internal control over financial reporting). As the risk increases, the amount of evidence that the auditor should obtain also increases. For example, ordinarily more evidence is...
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............................................................................ 1−2 Effective Date ............................................................................................. 3 Objective .................................................................................................... 4 Definitions .................................................................................................. 5 Requirements Sufficient Appropriate Audit Evidence ....................................................... 6 Information to Be Used as Audit Evidence ................................................. 7−9 Selecting Items for Testing to Obtain Audit Evidence ................................ 10 Inconsistency in, or Doubts over Reliability of, Audit Evidence ................ 11 Application and Other Explanatory Material Sufficient Appropriate Audit Evidence ....................................................... A1−A25 Information to Be Used as Audit Evidence ................................................. A26−A51 Selecting Items for Testing to Obtain Audit Evidence ................................ A52−A56 Inconsistency in, or Doubts over Reliability of, Audit Evidence ................ A57 International Standard on Auditing (ISA) 500, “Audit Evidence” should be read in conjunction with ISA 200, “Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing.” AUDIT EVIDENCE 381 ISA 500 AUDITING ...
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...and Modifications To Promote Access to the General Education Curriculum And Standardized Assessment Procedures The information provided in this document is to serve as guidance for best practices in selecting, administering, and evaluating adaptations, accommodations and modifications in instruction and assessment. This document provides information on federal and state guidance, equal access to grade level content, selecting accommodations for instruction, and strategies that can be used with students to promote their ability to access the general education curriculum. Information about variations, accommodations and modifications for use in the classroom and standardized statewide assessment system is also included. These guidelines are intended for use by individualized education program (IEP) teams, Section 504 Accommodation Teams, Student Success Teams (SST), other types of Educational Monitoring Teams (EMT), general and special education teachers, administrators, and assessment personnel. Federal and State Guidance The inclusion of all students in statewide assessment and accountability systems is not merely a legal obligation; it is a mechanism for ensuring that all students, including those with disabilities, are included in the general education curriculum. Federal and state laws stress the importance of documenting accommodations and/or modifications for instruction and assessment in the student’s IEP as noted below: ... a statement of the special education and related...
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...should be read in conjunction with the Preface to Malaysian Approved Standards on Auditing; Preface to International Standards on Quality Control, Auditing, Review, Other Assurance and Related Services; Glossary of Terms and International Framework for Assurance Engagements. The status of International Standards on Auditing is set out in the Preface to Malaysian Approved Standards on Quality Control, Auditing, Review, Other Assurance and Related Services. Applicability International Standards on Auditing (ISAs) are to be applied in the audit of financial statements under all reporting frameworks. Reporting frameworks are determined by legislation, regulations and promulgations of the Malaysian Institute of Accountants and where appropriate mutually agreed upon terms of reporting. ISAs are to be applied in the audit of historical financial information. Effective Date in Malaysia Effective for audits of financial statements for periods beginning on or after January 1, 2010. Reproduction of Full Text of Final IFAC Publication “Copyright © April 2010 by the International Federation of Accountants (IFAC). All rights reserved. Used with permission of IFAC. Contact Permissions@ifac.org for permission to reproduce, store or transmit, or to make other similar uses of this document.” 1 500 INTERNATIONAL STANDARD ON AUDITING 500 AUDIT EVIDENCE (Effective for audits of financial statements for periods beginning on or after January 1, 2010) CONTENTS Paragraph Introduction ...
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...School or Agency Assessment Program Goals and Purposes of the Assessment Program/Plan Teachers, counselors, administrators, and parents need all types of information about students. They need to know about their cognitive and scholastic abilities, their interests, their achievement, and their problems. Schools implement assessment programs to provide information needed to improve the public schools by enhancing the learning gains of all students and to inform parents of the educational progress of their children (Drummond & Jones, 2010). School assessment programs are in place for a variety of purposes, such as: 1. Identifying the readiness of kindergarten and first-grade students. 2. Determining whether students have mastered the basic and essential skills required by the school system. 3. Placing students in educational programs. 4. Identifying students with special needs. 5. Evaluating the curriculum and specific programs of study. 6. Helping students make educational and vocational decisions. 7. Assessing the intellectual ability and aptitude of individual students. 8. Measuring achievement in specific courses and subject areas. Types of Information Needed to Make Decisions Accommodation Resources is one type of resource needed to make decisions. Accommodations are changes to materials or procedures that enable students with disabilities or English language learners (ELLs) to participate meaningfully in...
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...Informatics Needs Assessment HCS/482 Date Informatics Needs Assessment Explains the purpose of a needs assessment in selecting an EHR product for a health care workplace The purpose of the needs assessment is to determine the gap between an organization’s current state and the overall needs of the organization with consideration to the strategic plan. The process is usually initiated by a person or group with a vision of the future. Evaluation of the strengths and weaknesses of the organization related to efficiency, quality, and financial strengths should be considered. Understanding an organization’s current state workflow process as well as long-term goals related to efficiency, quality, and financial outcomes by creating a gap analysis can assist the decision-making group. Long-term goals in today’s environment include the patient needs within a clinical setting, getting feedback from patients to evaluate how they may use technology to connect with medical personnel for their healthcare needs. “Use of systems for patients to self-schedule, entering data into daily logs for chronic illness, and Internet-enabled communication to their healthcare team are cogent considerations” (Hebda & Czar, 2013, p. 155). Implementing a new electronic health records (EHR) system to replace manual records is a complicated task. EHRs use complex algorithms to exchange patient data among different physicians and departments such as pharmacies and laboratories. EHRs are becoming...
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...tQUESTION 2 (JANUARY 2012) 2. B) Materiality is the magnitude of omission or misstatement of accounting information that in light of surrounding circumstances which could influence the economic decision users and matter that can affect professional judgment. Audit risk model provides the foundation for the current emphasis on the risk-based audit account balance or class of transaction. Audit risk model can be specified as, AUDIT RISK = INHERENT RISK x CONTROL RISK x DETECTION RISK Inherent risk is the measure of the auditor’s assessment of the possibility that there is material misstatement in an account balance before taking into account the effectiveness of internal control. Control risk is the risk that material misstatement will not be prevented or detected on a timely basis by an entity’s internal control. Detection risk is the risk that the substantive audit procedures performed will not detect a material misstatement that exists in an account balance or class of transactions. 2. C) i) Inherent risk incurred from enviroment of business or likehood that a material misstatement exist in the financial statement without any consideration of internal control.it is due to economic downturn, the slow collection of debt from the government has increased the level of debt. ii) control risk is the that material misstatement that could occur will not be prevented or detected and corrected by in ternal controls. In this case,it occur when the company do not...
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...All you need to know about SSA SSA 200: Objective and General Principles Governing an Audit of Financial Statements 2 SSA 300: Planning an Audit of Financial Statements 3 SSA 500: Audit Evidence 4 SSA 520: Analytical Procedures 5 SSA 580: Management Representations 6 SSA 315: Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement (PART 1) 6 SSA 315: Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement (PART 2) 8 SSA 320: Audit Materiality 8 SSA 330: The Auditor’s Procedures in Response to Assessed Risks (PART 1) 9 SSA 330: The Auditor’s Procedures in Response to Assessed Risks (PART 2) 10 SSA 620: Using the Work of an Expert 11 SSA 240: The Auditor’s Responsibility to Consider Fraud in an Audit of Financial Statements (PART 1) 12 SSA 240: The Auditor’s Responsibility to Consider Fraud in an Audit of Financial Statements (PART 2) 13 SSA 240: The Auditor’s Responsibility to Consider Fraud in an Audit of Financial Statements (PART 3) 14 SSA 240: The Auditor’s Responsibility to Consider Fraud in an Audit of Financial Statements (PART 4) 15 SSA 250: Consideration of Laws and Regulations in an Audit of Financial Statements (PART 1) 16 SSA 250: Consideration of Laws and Regulations in an Audit of Financial Statements (PART 2) 17 SSA 505: External Confirmations 18 SSA 540: Audit of Accounting Estimates 19 SSA 501: Audit Evidence – Additional Considerations for Specific Items 21 SSA 545:...
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...consideration and assessing understanding's reaction to give a second thought. You will likewise take an interest in patient training and release arranging and work together with, direction and aide assigned consideration colleagues in arranging patient care and accomplishing objectives. Responsibilities Include: Develops and evaluates plan of care. * Systematically and continuously assesses patient's knowledge base and physical, psychosocial and spiritual health through interviews, physical examinations and data collection. * Consults with multidisciplinary health care team in regard to nursing assessment findings. * Creates written, individualized plan of care based on priority of patient problems, anticipated length of stay, input from patient and family and other members of the health care team. * Communicates pertinent information and changes in patient status to appropriate members of care team and other health care providers, as necessary. * Collaborates with team members to make changes in plan of care, as necessary. Provides and/or delegates patient care according to the plan of care and established protocols. * Utilizes clinical resources in implementing patient care and provides rationale for patient care decisions. * Conducts clinical rounds, provides emergency care and administers medications to patient. * Operates equipment required for patient care according to manufacturer's...
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...Write a 3500 report on the following…. What is Human Resource management? How selection does happen in the organization? How does assessments happens I the organization? What is the role of HR in assessing the candidates? What are the measures to be taken while selecting and assessing the candidates for organization? 1.1 Human Resource Management: According to Susan M. Heathfield, this is in short referred as HRM. It is responsible for the personnel’s hiring, managing, directing workforce in the association. Sometimes line managers in the organization tend to perform HR Management. Payment, appointing, recital supervision, improvement of the association, security, wellness, remunerations, rousing the worker, communication, management, and instruction etc are to be performed by the Human Resource Management in the Organization. According to Civil Service Branch, December 1995, the success of any organization is fairly based on the HR as it is responsible for the in-taking of the suitable staff, training etc. A HRM is an organization’s deep-routed undertaking of the task depending on the requirement. It is responsible for ingestion of the personnel; develop along with supervising the workforce and present preeminent capability to improve the organization. Their most important task is to manage the personnel and they give out their effort with a better patron renovate and recital oriented ethnicity through prominence staff administration constantly. HRM proposes...
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... Policies for accepting cash, checks, money orders, and credit or debit cards * Arrangements for sliding scales and low income payments * Other pertinent policies deemed appropriate to include based on their research * The policy is 750 to 1,050 words in length. Part B: Following the financial policy, the student has included a separate narrative. The student * explains why the chosen policy is best suited to the selected type of medical office setting * provides support for their rationaleThe narrative is 550 to 700 words in length. | | The content is comprehensive, accurate, and persuasive. | | The paper develops a central theme or idea directed toward the appropriate audience. | | Rationale is provided by identifying the type of facility covered by the policy and explaining its effectiveness. | | * Student provides a minimum of three reliable references from the University Library or the Internet. | | The introduction provides sufficient background on the topic and previews major points. | | Critical Thinking 50 Points | Points Earned20/20 | Critical thinking skills are exercised by synthesizing major concepts relating to policies, procedures, and collections and using these concepts to design a medical office financial policy appropriate for a selected medical...
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...their importance to the audit opinion formulation process Copyright © 2014 South-Western/Cengage Learning 5-2 LEARNING OBJECTIVES 5. 6. 7. 8. Describe the assertions that are inherent to financial statements and explain their importance to the audit opinion formulation process Define audit evidence and describe the purpose and types of audit procedures used to obtain audit evidence Discuss the importance of audit documentation and provide examples Discuss audit activities in Phase I of the audit opinion formulation process Copyright © 2014 South-Western/Cengage Learning 5-3 LEARNING OBJECTIVES 9. 10. 11. 12. Discuss audit activities in Phase II of the audit opinion formulation process Discuss audit activities in Phase III of the audit opinion formulation process Discuss audit activities in Phase IV of the audit opinion formulation process Discuss audit activities in Phase V of the audit opinion formulation process Copyright © 2014 South-Western/Cengage Learning 5-4 LEARNING OBJECTIVES 13. 14. Apply the concepts related to the auditor’s assessment of internal control design effectiveness, implementation, and operating effectiveness Apply...
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...through system acquisition and development, implementation, operations and maintenance, and ends with disposition of the system. Service decisions about security made in each of these phases to assure that the system is secure. The initiation phase begins with a determination of need for the system. The organization develops its initial definition of the problem that solved through automation. This followed by a preliminary concept for the basic system that needed, a preliminary definition of requirements, and feasibility and technology assessments. Also during this early phase, the organization starts to define the security requirements for the planned system. Management approval of decisions reached is important at this stage. The information developed in these early analyses used to estimate the costs for the entire life cycle of the system, including information system security. An investment analysis determine the appropriate strategy for achieving the system requirements, while taking mission needs and budget constraints into account. Expenditures for security before the system built. It is difficult to add functionality into a system after it’s built, and it is usually more cost-effective to include preventive security measures from the start rather than to deal with security breaches later...
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...Social Studies School Based Assessment Outline School Based Assessment. This is an evaluation conducted by the school while the social studies course is still in process. Candidates are required to conduct a guided research and document their findings your teacher/ other appropriate persons will guide you throughout the process. You MUST do your own work; it should not be done for you. Punishment will be administered to candidates in which it can be proven that they have plagiarized other persons work. The First draft must be handed in to your teacher NO later than the third week in November this will be corrected and returned. FINAL drafts must be handed in by the FIRST week in February. **WARNING** Do NOT hand in your drafts a few days before the deadline and pressure your teacher to mark and return it immediately to suit your needs. You will not be accommodated except in extraordinary circumstances, speak with your teacher if there is a problem. Be disciplined, MEET YOUR DEADLINES. If you hand in a research that your teacher has never seen before, this may be to your disadvantage and you may not get the marks you deserve. Tasks The S.B.A. is marked out of 40. This values 20% of the total marks. Your report must be between 1000 – 1200 words in length, this should include appropriate graphs and charts . Each task is allotted a certain number of marks. If you miss (omit) a task, the marks cannot be allotted (the...
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...Social Studies School Based Assessment Outline School Based Assessment. This is an evaluation conducted by the school while the social studies course is still in process. Candidates are required to conduct a guided research and document their findings your teacher/ other appropriate persons will guide you throughout the process. You MUST do your own work; it should not be done for you. Punishment will be administered to candidates in which it can be proven that they have plagiarized other persons work. The First draft must be handed in to your teacher NO later than the third week in November this will be corrected and returned. FINAL drafts must be handed in by the FIRST week in February. **WARNING** Do NOT hand in your drafts a few days before the deadline and pressure your teacher to mark and return it immediately to suit your needs. You will not be accommodated except in extraordinary circumstances, speak with your teacher if there is a problem. Be disciplined, MEET YOUR DEADLINES. If you hand in a research that your teacher has never seen before, this may be to your disadvantage and you may not get the marks you deserve. Tasks The S.B.A. is marked out of 40. This values 20% of the total marks. Your report must be between 1000 – 1200 words in length, this should include appropriate graphs and charts . Each task is allotted a certain number of marks. If you miss (omit) a task, the marks cannot be allotted (the...
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