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Write a 700- to 1,050-word paper in which you explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the following:
Describe the elements of the Generally Accepted Auditing Standards (GAAS).
Describe how these standards apply to financial, operational, and compliance audits.
Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.
Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB.
at the end of the question and answer portion of the annual stockholders meeting of kemper corporation stockholder mike
Prepare journal entries the June 30, 2015, interest payment by both Gless and Century assuming both use the straight-line method.
pine company produced 128000 units in 60000 direct labor hours. production for the period was estimated at 132000 units
everett miguel and ramona are partners sharing income 123. after selling all of the assets for cash dividing losses on
how are the analytical procedures used in an audit engagement? what premise underlies the use of analytical procedures
an auto plant that costs 220 million to build can produce a line of flexfuel cars that will produce cash flows with a
Prepare a Schedule of Expected Cash Collections for November and December. Prepare a Merchandise Purchases Budget for November and December.
the manager of weiser is given a bonus based on net income before taxes. the net income after taxes is 35700 for fifo
Summarize the events of a recent accounting scandal
Last year Attic charged $3,496,000 Depreciation on the Income Statement . If early this year Attic sold all its depreicable assets for their book value, the effect on financial statements would be (all other items remaining equal):
Think back over what you have studied and learned in this course. Do you have a new perception of or appreciation for the field of accounting and how it contributes to business? Explain
crossroads mall had 100000 outstanding shares of common stock. on june 16 2012 crossroads repurchased 20000 shares of
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