External fixation

SAS 99 Summary The Auditor has the responsibility to plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement whether caused by error or fraud. The Auditor has standards of fieldwork that should be used as a guide to fulfill their responsibility. These standards are covered in SAS 99. Fraud is the intentional act that results in a material misstatement in financial statements that are the subject of an audit. There are two…

All over the world, factories and people are creating Apple products. Apple is a company that takes their workers, suppliers and products seriously, alongside making sure that all aspects as far as the environment are taken care of as safely as possible. Apple also wants to make sure that their workers are educated and have a chance to grow which is why they created curriculums and training programs to educate workers. It is a huge job but every year Apple comes up with changes to keep up with…

Introduction: An audit is a process of examining the financial statements for accuracy and free of fraud. According to the textbook, Intermediate Accounting by Spiceland chapter one, it said “Audits add credibility to the financial statements, increasing the confidence of those who rely on the information” (page. 16, 2016). After the frauds scandal of WorldCom and other companies, the investors lost their confidence in the accounting department (page.16, 2016). To increase the investors’…

Audit risk evaluation and planning materiality for the audit of “2016 Annual Report” Toshiba Corporation A. Introduction The auditor must assess client risk and perform audit planning after accepting client engagement. The assessment includes understanding the client, identifying factors impact the risk of a material misstatement, performing a risk and materiality assessment and developing an audit strategy (Moroney, Campbell, & Hamilton, 2014). This essay will discuss what the inherent risk…

or a pass/fail rating. After scoring and recording the FMS test results, the mobility test was used for areas that scored less than a 3. The areas checked for mobility on subject 1 included thoracic extension, ankle flexion, shoulder internal and external rotation, hip adduction, and hip flexion. In addition, for subject 2, the mobility areas checked included thoracic extension, ankle flexion, and hip adduction. Furthermore, tests for normal range of motion were conducted in accordance with in…

Carter V. Tokai Financial Services, Inc. In the case, it follows Randy P. Carter and Tokai Financial services, Inc. where Tokai sued Carter for money that was not given under a lease agreement that the two had entered. It as stated that ARC made 4 of the rental payments before they defaulted on the obligation they had with Tokai. Following the ceasing of payment, Tokai the repossessed the equipment and sold it for $5,900. After the sale, Tokai brought a suit against in which they were awarded…

Question 5 Apex Healthcare Berhad The sustainability disclosure made on the company’s website is disclosed the same information with the disclosure made in the annual report 2014. While, there are something difference between the sustainability disclosures made on the company’s website and the annual report 2013. In the annual report 2013, Apex Healthcare Berhad does not organized the “gotong- royong” sessions in schools, which will help and support them to fight against dengue menace. They…

KPMG’ explicit responsibilities for auditing MS&Co included: • KPMG’S audit Procedures relative to MS&Co’s assets at BAC were to obtain a confirmation from BAC of assets on held on MS&Co’s behalf • To search public records to ensure no adverse issues were noted for BAC relating to any regulatory actions. In September, 2014 MS&CO’s investors and creditors initiated a lawsuit against their auditors, KPMG, on the charge that they conducted a substandard audit, while also failing to follow GAAS.…

From the case it is clearly reflected that Hi-Sail Company's balance sheet was not as per the standard. The president and the chief financial officer along with client showed some sense of urgency to get the incorrect audit fieldwork (Draft of balance sheet) from the auditor without last year’s potential tax liabilities, debt related to join ventures information etc. During audit information was not correctly provided to the auditor. To handle this situation the first action…

Facts The internal auditor of G-BioSport realizes some unusual entries that have possibilities to bring about the sign of fraud because the entries are not compliant with GAAP. The internal auditor sends an email to the accounting manager of G-BioSport, who is currently in charge of those entries, in order to investigate further. However, Owen Silver, the accounting manager of G-BioSport, claims that G-BioSport’s accounting vice president, Kenneth Loeb, has personally authorized him to make the…