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The auditor's report is the key to communicate the results of the audit process to information users. In response to the expectation for a more informative auditor's report from various stakeholders, AUASB proposed the new audit standards on auditor's report as the convergence to the international auditor reporting standards (IAASB 2014), to be effective December 2016.
A. Why did AUASB (IAASB) propose the changes to auditor's report?
B. Compare the proposed Australian changes to the auditors' report with the auditors' report on a large listed FTSE100 company from the UK and a large listed FORTUNE100 company from the US. Present your comparison using a table or a figure/chart.
C. Critically comment on the likely impact of the changes to various stakeholders, e.g., the auditors, the shareholders, and other stakeholders.
you expect dividends to grow at a rate of 6% a year in perpetuity. If you require a return of 12% on your investment, explain how much should you be prepared to pay for the stock?
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TQM's benefits include continuous improvement, which "reflects a way of management in which every employee has a role to play, everything is subject to change and customer needs are the driving force" (Sarkissian, n.d.). TQM empowers the employees to..
Chris and Karen are married and own a three- bedroom home in a large Midwestern city. Their son, Christian, attends college away from home and lives in a fraternity house. Their daughter, Kelly, is a senior in high school. Chris is an accountant who ..
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