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Q. What is ordinarily the first step in the formation of a corporation?a. Development of by-laws for the corporationb. Issuance of the corporate charterc. Application for incorporation to the appropriate Secretary of Stated. Registration with the SEC
The modern integrated audit approach combines elements of various traditional audit areas having financial, operational, and information technology.
Banks Features (a) Profit and loss account: When looking at a bank's profit and loss account the accountant should seek to discover what proportions of the bank's profits
audit procedure for shares or common stock
Non-Adjusting Events - Audit Process Non-adjusting events are those that are indicative of conditions such arose than the balance sheet date as a decline in the market price o
Relevance The auditor obtains evidence either through compliance testing of the internal controls or through substantive tests of the information contained in the financial sta
Business Risk Approach This approach requires the auditor to determine what are the very important business risks which the client faces. This line of approach both helps the c
methods of determining break even point
The management of a newly incorporated company is unsure as to the need for an audit. Your services have been requested to explain to management the concept of auditing. Requir
Co-operative Societies and Parastatals Co-operative Societies An audit in this case is carried out as a general audit except you should notice that the auditor is appoi
For each threat explain how it might be avoided.
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