Lecture 1 Chapter 1- Demand for audit and assurance services. Assurance services * Independent professional services that improve the quality of information for decision makers. 1. Attestation services * A type of assurance services in which the public accounting firm issues a written communication that express a conclusion about the liability of a written assertion of another party. * Three categories of Attestation services: a. Audit historical financial statements A
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(the chief executive, the chief financial officer, the head of the public relations and the chief regulatory officer) voice their views on the risks, collectively bringing a multiple stakeholder perspective to the risk profile. The case challenges students to define the problems and risks that the company faces, given its strategic objectives, its evolving risk profile, and the changing environment. The case also offers a discussion ground for defining the role of the chief risk officer, and the
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Strengthening Corporate Accountability and Responsibility with Sarbanes-Oxley Act and COSO Enron, Arthur Andersen, WorldCom. What does these companies and others have in common? They involved audit and corporate governance failures, resulting in the erosion of public confidence. Because of these high-profile corporate and accounting scandals, Congress passed the Public Company Accounting Reform and Investor Protection Act, commonly known as the Sarbanes Oxley Act of 2002 (SOX). SOX mandated
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should include: * A work flow analysis to identify and prioritize process that must be recovered. * The potential impact of uncontrolled, non-specific events on business processes identified during the work flow analysis. * The impact of legal and regulatory requirements. * An estimate of the maximum allowable downtime (MAD) and the associated acceptable level of losses for the identified business processes. * An estimation of recovery time objectives (RTOs), recovery point objectives (RPOs) and
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ASSESSMENT TOOL 2 (Written/Oral Questions) 1. Describe the basic objective/purpose of Work Health and safety legislation The goal of the legislation is to promote safe and healthy working environments through consultation between workers, worker representatives, and management. As with any legislation it only successful if people want it to be. Health and Safety is the responsibility of everyone. It is important to set a good example by awareness of relevant legislation and policies, and to uphold
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systematic, planned and documented manner. It includes the organizational structure, planning and resources for developing, implementing and maintaining policy for environmental protection. BASIC EMS An EMS helps an organization address its regulatory demands in a systematic and cost-effective manner. This proactive approach can help reduce the risk of non-compliance and improve health and safety practices for employees and the public. An EMS can also help address non-regulated issues, such as
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Institution: The Impact of Sarbanes-Oxley Act (SOX) on IT audit and controls Abstract Experiences from various organizations and companies shows that the effects of the Information Technology audits that have been conducted in line with the Sarbanes Oxley as well as its IT section, which is the Section 404, displays significant differences with the kind of focus traditional IT audit does (NetIQ Corporation, 2006). Typically, traditional IT audit tends to focus on the component, the subsystem, and on
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internal control. Today’s complex business and regulatory environment has evolved internal control auditors from corporate cop to a savvy in-house consulting service (Resolver, 212). Internal control auditors will learn the intimate ins and outs of the company they work for companies prefer to have in-house teams in this function and having this team available to assist the external financial auditors as an additional cost savings. Companies rely on internal audit teams to help the company become as effective
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DOCUMENT TYPE DOC NO. REVISION Quality Management Policy TITLE ISSUED BY QMP-001 EFFECTIVE DATE 1.0 PAGE Q Pharma Quality System Manual rJ Boatman 16 Feb 2007 1 of 32 SUPERCEDES CSSC QSM-001 iPT QSM-001 QUALITY MANAGEMENT POLICY QUALITY SYSTEM MANUAL QMP-001 Rev. 1.0 Prepared by Date (Signed) Jeff Boatman, Director of Quality Reviewed by 01 Feb 2007 Date (Signed) Alexis Stroud, Compliance Manager Reviewed by 07 Feb 2007 Date (Signed) Raymond Roggero
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Internship Report On NGO Accounting Practices in Bangladesh-A Case Study on BRAC Submitted to: Dr. Mahfuzul Hoque Professor Department of Accounting & Information Systems Faculty of Business Studies University of Dhaka Submitted by: Syeda Marzana Farha Roll No-11097 M.B.A. 11th batch Department of Accounting & Information Systems [pic] University of Dhaka CHAPTER 1 Introduction
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