Single Audit

the ISO 9001 Audit in September and the best corrective action for the errors encountered and maintain preventive actions in all areas. Summary As of May 8,2018, Atticus Radley has approved our proposal to fix errors that hinder the company from passing the NQA audit for the ISO 9001 certification. All of the areas in FD that are under the ISO 9001 order have been audited internally to be ready for the external audit by NQA in September. The areas of documentation, internal audits, management…

According to Cooper, the partner in charge of the engagement didn’t seem concerned about the fact that the corporate accounting team was reversing allowance entries. In fact, he assured Cooper that based on Arthur Anderson’s audit tests; WorldCom’s allowance was greater than the required reserves in other areas of the company. Therefore, WorldCom as a whole had the required allowance reserves. Cooper also brought the issue to Scott Sullivan the CFO. During her conversation with…

1. Provide a brief description of the audit process required to satisfy the auditing of IT controls over financial reporting. The objective of auditor in an audit of IT controls over financial reporting is to express an opinion on the effectiveness of the company’s internal controls over financial reporting. As a company’s internal control cannot be considered effective if there are any material weaknesses, the audit must be planned in a way to obtain appropriate evidence that is sufficient…

♣ to the audit committee, as in the GM case. NYSE requirements require the audit committee to discuss policies with respect to risk assessment and risk management. However, the NYSE commentary clarifies that the “audit committee is not required to be the sole body responsible for risks assessment and management” [See Part I, Exhibit C Rule 303A.07(b)(iii)(D)]. If the board allocates risk responsibilities to the audit committee, these responsibilities should be thoughtfully addressed in the…

Based on the information you researched, evaluate the level of responsibility of the company in terms of the effectiveness of the response to the security breach. Provide support for your rationale. The accounting field has over past few decades witnessed a number of changes mostly due to increased advancement in technology level. There has been an improvement from paper-based journal and ledgers to a new level of accounting system that is completely automated (The WritePass Journal, 2012). The…

Employment Outlook The employment outlook for accountants and auditors is expected “to grow 11 percent from 2014 to 2024, faster than the average for all occupations” (Bureau of Labor Statistics, U.S. Department of Labor). This could be a good indicator that the economy is growing and businesses are looking at future growth and preparing for it. The outlook locally in the state of Idaho on the Idaho.gov website shows there are 83 job postings for accountants and auditors with bachelor’s degrees…

Imagine a world without accounting. Would businesses still be able to operate and function? How would they know if they know what Would businesses still exist. Accounting information is a fundamental part of accounting it allows businesses to know where they financially stand. Accounting is a system that was specifically constructed and developed to record data, the field of accounting has developed over the years and is a key part of keeping society in order; it is a vital tool. The objective…

Corporate Finance: The Overlooked Finance Career Corporate finance has been overlooked as a secondary choice for an undergraduate finance major that wasn’t able to break into Wall Street. Until recently, the reputation of holding a corporate finance job was not as prestigious as an investment-banking resume. In this paper, my objective is to enlighten the reader on the career paths of an entry-level corporate finance analyst and why I decided that corporate finance is the right path for me. The…

CHAPTER IV ANALYSIS AND INTERPRETATION OF DATA 1. Overall, how well does Airtel website meet your needs? Table 4.01 Sl.No Level of need Fulfilled No. of Respondents Percentage 1 Extremely well 7 11.66% 2 Very well 19 31.66% 3 Moderately well 23 38.33% 4 Not so well 4 6.66% 5 Not at all well 3 6.66% 6 Never visited airtel website 4 5% Total 60 100 Graph 4.01 INTERPRETATION: From the above graph we can interpret that around 81% of customer needs are fulfilled by visiting Airtel website and 14%…

While this argument seems convincing at first glance, there are critical flaws that raise doubt about the conclusion. The writer uses an illogical line of reasoning in order to achieve a goal, uttered in their recommendation, which is the complete banning of the skateboarding activity in Central Plaza. The next paragraphs are to refute the writer’s recommendation by asking several unanswered questions in the paragraph. Firstly, the writer states that in the last two years the number of shoppers…