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Advanced Auditing Topics
Good points on the actions of PCAOB. I concur that Dodd-Frank Act can be very effective in curbing bad corporate behaviors. PCAOB requires Separation of Audit and consulting.
In other words you cannot do audit and consulting and other nonattest engagements with public clients. Do you favor this practice? What are the benefits and drawbacks?
2 Please respond the below statement.
200 words and reference:
I do believe that regulatory bodies such as the SEC do help to protect shareholders from not being able to access information that should be available to them when choosing which companies they would like to invest their money in.
3 Please respond the below statement.
The Public Company Accounting Oversight Board (PCAOB) was created because of the Sarbanes-Oxley Act of 2002.
Attachment:- Advanced Auditing Topics.rar
Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?
Code of Ethics for Professional Accountants
Prepare Swag's consolidated balance sheet
Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to
Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors
Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.
State whether Event is adjusting or non-adjusting event.
As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.
To identify principal audit risk and corresponding audit procedures
Show the audit inherent risk and rate the risk as low, medium or high.
Explain the role of the following three 'bodies' in National Health Reform
Prepare a memo on the 'state of the company's industry' and associated risk factors.
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