Financial audit

Dage Michael Martinez Fraud Auditing May 1, 2016 Fraud Audit Program: Hollate Assess: Fraud: Type/Scheme Control Opportunity Occurs/Fraud Scenario Concealment Red Flags Conversion Journal Entry Scheme The scheme likely occurred due to management override of controls. Strengthen controls to discourage management override may prevent this from happening again. CFO is creating journal entries to increase company inventories and decrease costs of goods sold. Internal audit team was required to meet directly with CFO and the CFO required the internal audit team to work on acquisition related projects to keep them unaware about what had been going on. Internal audit team reports to CFO. Internal audit team focuses mainly on operational controls…

The Phoenix Suns organization will be conducting a financial audit throughout the organization. This audit will be conducted by Deloitte. Deloitte is an independent auditing firm specializing in the sport industry. This firm provides financial services in accounting, process improvement, data analytics and risk advisory (Deloitte, 2016). The financial audit will cover the records of the Phoenix Suns’ previous seven fiscal years. This audit will ensure the Phoenix Sun’s financial information is…

KPMG is one among the Big Four. The latter designates the four largest financial audit groups worldwide that are Deloitte, Ernst & Young, PricewaterhouseCoopers and KPMG. In fact, the company's name stands for Klynveld Peat Marwick Goerdeler which is a merger between two auditor companies Klynveld Main Goerdeler and Peat Marwick. Actually KPMG is operating in 152 countries. Each national firm is an independent entity that is part of the universal KPMG network and so member of the KPMG…

Abstract By offering audits and program evaluations, both equally assess an organization’s actions and results to an established code, standards, or parameters. Transparency also provides government agencies and public administrators to operate with integrity and carry out policy goals efficiently and effectively. Audits and Program Evaluations Program evaluations and audits within terms of their purpose relate to accountability on many levels. Both ensure that government agencies and public…

The rule of Texas Public Accountancy Administration (TPAA) prohibits Certified Public Accountants (CPA) in Texas from advertising their tax services to the person whose name is on the IRS’s potential audit list within 30 days following the date of publication. This case raises a question whether the TPAA’s policy of banning CPA’s solicitation to potential customers violates the right of free speech under the First Amendment. We hold the opinion that the policy is unconstitutional in serving the…

true. Accounting is a diverse field with a plethora of different responsibilities that range from investigating tax fraud in large corporations to providing critical analysis of data to financial decision makers. Despite the wide range of jobs in the accounting profession, UNLV’s accounting major prepares its students for any direction they wish to take with a wonderful array of internships, clubs, and programs. According to the Oxford Dictionary, accounting is “the action or process of keeping…

reasoned text, explain why you wrote the CPA Oath as you did. How does your Oath answer to the needs of the profession? The Certified Public Accountant (CPA) is a financial profession which serves to a wide range of client base and provides a variety of services to businesses. Predominantly, CPAs have a fiduciary duty towards the public as the sole reason behind the origination of CPA profession was to provide the investors and shareholders an independent and objective view of accounts of the…

OBJECTIVE C: From the audit population sample, determine if the event(s) meets the intent of AR 37-47 para 2-1a, which pertains to “official courtesies will be in keeping with propriety as dictated by the occasion and conducted on a modest basis to maintain the standing and prestige of the United States at home and abroad.” CONCLUSION: We believe that several of the sizable ORF events based on their purpose, scope, and desired end state was fulfilled with a larger than necessary attendees…

Harry organizes and prepares materials in advance of meetings; documents action items and follows through with delivery dates. The work he produces is accurate and relied upon. During this review period, CAFM was internally audited and Harry was the primary responder to many of the auditors’ questions and information requests. The JCC audit team’s inquires focused, in part, on contract details and executive decisions made over 10 years ago and Harry responded to the detailed requests for…

help gain an educated insight to crisis situation. As a result, I have been able to offer suggestions that can be used to rectify a situation in which medication was wrongly prescribed to a Service User. Working in Human Services, I demonstrate the ability to value individual difference and communication barriers through continual interaction with the Service Users. I do this through offering time to listen to their views and perspectives and acknowledging the information provided. As a…