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Professional responsibilities
You are required to write an essay, in which you consider the extent to which an auditor should be responsible for detecting fraud and other irregularities when auditing the financial statements of limited liability companies. Your essay should:
Required:
• Briefly outline the extent to which an auditor is responsible for detecting irregularities and fraud (as expressed in the auditing guidelines)
• Consider the extent to which it would be reasonable to extend the auditor's responsibilities beyond that and the practical problems of extending auditor's responsibilities.
• Reach a conclusion on and provide a definition of the extent to which you consider it reasonable for an auditor to be responsible for detecting irregularities and fraud.
Prepare the cash flows from operating activities section of the statement of cash flows, using the indirect method.
Prepare a schedule that shows the relevant cost of operating the existing equipment versus the cost of operating the new equipment for a four year time period - Should the existing equipment be replaced based upon your quantitative analysis? Explai..
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what is the value today of these 20 installments - Further suppose that the State of Florida will pay you the winnings in 20 annual installments,
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questionfunzy cereal includes one coupon in every package of wheatos that it sells and provides a premuim a toy car in
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The net present value and the internal rate of return are similar metrics to present the return of a project. What are the differences? What is an advantage of each metric compared to the other?
What is the learning curve represented by the data in the unit learning curve table - What is the correct amount to include in your budget request for this project?
Evaluate the 2010 cash-basis net income and evaluate the 2010 accrued-basis net income (show calculations)
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