The integration of the GAAS, the AICPA, the PCAOB and the IAS Background Information The Generally Accepted Auditing Standards refers to standards that are used to audit Private Corporations (Sunder, 2010 P. 100). The standards are divided into three categories. The categories include; fieldwork standards, reporting standards as well as general standards. The general standards address the individual’s qualifications to become an auditor as well as the minimum standards for the work product.…
Introduction: Forensic audit includes lots of activities and it is not part of regulatory guidance. Forensic auditing are the wide range of activities for investigation purpose, which are performed by accountant in practice. The work of the forensic auditor is to investigate the financial affairs of the organization and most importantly includes investigation of any fraudulent activity. Internal auditor can use a third party forensic auditor for this purpose and than report the findings to the…
Assignment # 5 1. Visit the IMA website www.imanet.org . List, describe, and evaluate the requirements to become a Certified Management Accountant. What topics are covered on the exam for certification? Would you be interested in a career as a management accountant? In order to become Certified Management Accountant, the candidate need to be active member in the Institute of Management Accountants & Pay for the entrance fee. Candidate must complete the CMA certification within three years from…
Title IV focuses on enhancing financial disclosures. Section 401 requires all financial statements prepared in accordance with GAAP to reflect all material adjustments identified by the auditors. The section also required the SEC to establish standards to address off-balance sheet transactions. Result was rules for consolidation of variable interest entities. Section 402 prohibits personal loans to directors and executive officers. Section 404 requires that management acknowledge its…
Thank you for taking the time to speak with me today. We are disputing Notice # 45978, Acct # 11164 as we believe these charges had previously been paid to Linebarger. We filed a dispute with ETAN stating we believe these tolls were previously paid. The response we received was “After researching our records, we were not able to locate a payment on the account.”. However, as you and I discussed, there have been previous payments for tag # 1687PI. This notice includes toll charges for a span of…
participant is taking a survey on test anxiety and is in a rigid environment they may feel those unnatural conditions and they will affect their responses. Each administration of the test must happen in similar circumstances (Moskal & Leydens, 2000). External validity is the ability to have the results generalized to larger populations. In this case, the internal validity and construct of other portions of the test will allow for larger generalizations to be made. For example, one can state…
Strengths: - Good execution on strong intro with team member. - Chris uses the client's name throughout the phone call to personalize it. - Prior to sending the registration link, Chris verifies the clients email on file. He then gets confirmation from the client before sending the link. - Chris properly concludes the call Opportunities: - Loan properly noted/coded. Chris did not mention in the notes the discrepency with the client's ssn and the action that he took (which was to have…
These are set issues that are always at heart of external validity, and that will set the tone for trustworthy results that can play a key role when sharing certain thoughts or opinions. Validity can be divided into two; external and internal validity. Internal validity refers to the consistency of variables at an internal level that whether the results represent the claims provided while external validity refers to evaluating a sample that is far away or not associated with…
The client’s management is responsible for preparing the financial statements which auditors examine and issue a report, thus providing reliability of the financial statements by users when making economic decisions. The auditors’ report on financial statements and related disclosures for both public and nonpublic entities provides or disclaims an opinion on whether the financial statements and related disclosures are presented in accordance with the Generally Accepted Accounting Principles…
Construct validity ensures the translation of concept to variable. Internal validity minimizes intrusion of extraneous variables. External validity assures samples representativeness. Statistical conclusion validity ensures the correctness of the decisions the researcher makes regarding statistical tests used in the study. Validity in a research study is ensured by the four facets of…