Midterm Examination ADM 3349 Auditing Theory Fall 2011 Time: 2 hours Student Name: _________________________________ Student #: _____________________________________ Section: A (Prof Liboiron) ____ B (Prof Church) ____ Make sure that you read the instructions on page 2 of this exam. Q1 Q2 Q3 Q4 Q5 Q6 Q7 TOTAL /8 /7 /4 /6 /8 /7 /10 /50 1 Instructions: Answer all questions in this booklet. Booklet is not to be removed from the examination room. You may separate the pages but ensure that
Words: 3043 - Pages: 13
Tavonna Triplett Career Paper Accounting The different types of accounting careers are Public, Government, National, Management, Financial, Tax, and. Fiduciary Accounting. Public accounting is the most varied type and includes bookkeeping, account management and financial analysis for individuals, private businesses, public firms, government or NGOs, which are either based nationally are internationally. A public accounting business can have one or more accountants and both certified and non-certified
Words: 3415 - Pages: 14
part of your new job as a senior manager in the national office, you have been assigned to do a quality control review of the Pop Shop Company audit file, for the audit conducted by one of your offices in north west Manitoba. Your firm has been auditing the Pop Shop Company for the last four years, ever since Pop Shop went public. There may be a problem with the financial statements, as the bank did not recently renew the bank loan, and Pop Shop is scrambling to meet payroll costs. It is also having
Words: 723 - Pages: 3
Term Papers and Free Essays Browse Essays Read full version essay Fred Stern &Amp; Co Acc492 Case Study Fred Stern &Amp; Co Acc492 Case Study Print version essay is available for you! You can search Free Term Papers and College Essay Examples written by students!. Join Essays24.com and get instant access to Fred Stern &Amp; Co Acc492 Case Study and over 30,000 other Papers and Essays Category: Business Autor: anton 07 May 2011 Words: 2202 | Pages: 9 Week Five Case Studies Team D
Words: 1249 - Pages: 5
INTERNATIONAL STANDARD ON AUDITING 620 USING THE WORK OF AN AUDITOR’S EXPERT (Effective for audits of financial statements for periods beginning on or after December 15, 2009) CONTENTS Paragraph Introduction Scope of this ISA ........................................................................................ The Auditor’s Responsibility for the Audit Opinion ................................... Effective Date ..............................................................................
Words: 6572 - Pages: 27
2013 Auditing Research Paper The profession of auditing plays a very important role in our economy especially after Congress passed the Sarbanes-Oxley Act its role in the economy was greatly solidified. Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria. Auditing should be done by a competent, independent person. “The auditing profession offers
Words: 2376 - Pages: 10
Case 1.11 WorldCom: The Definition of an Asset Line Cost Expenses WorldCom generally maintained its own lines for local service in heavily populated urban areas. However, it relied on non-WorldCom networks to complete most residential and commercial calls outside of these urban areas and paid the owners of the networks to use their services. For example, a call from a WorldCom customer in Boston to Rome might start on a local (Boston) phone company’s line, flow to WorldCom’s own network, and then
Words: 2310 - Pages: 10
owns stock for J& J’s Manufacturing Co. His manager states that one of the auditors has quit and left the engagement and they need them to fill it. The professional auditor takes the engagement on. 4-18) A. What is the meaning of the generally accepted auditing standard that requires the auditor be independent? 1) The auditor must be without bias with respect to the client under audit. B. The independent audit is important to readers of financial statements because it 3) involves the objective
Words: 1121 - Pages: 5
marks) The following are independent statements concerning certain auditing issues. Required Indicate whether you agree or disagree with each statement, and explain your reasoning. a. An adverse report would be issued when an auditor was unable to observe a company’s inventory count at the beginning of the year because the auditor was appointed during the year. (1 mark) b. When encountering a violation of generally accepted accounting principles in an audit of financial statements, the auditor
Words: 1982 - Pages: 8
Overview “All families are alike, and all families are different” said Wayne Upton, Director of International Activities for the International Accounting Standards Board (IASB). It means that every country have their own accounting standards. There are many accounting standards in the world, with each country using a version of their own generally accepted accounting principles, also known as GAAP. Dissimilar financial reporting and accounting practices make it very difficult for users of accounting and
Words: 3183 - Pages: 13
