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Explain why the emphasis in auditing property, plant, and equipment is on the current period acquisitions and disposals rather than on the balances
The audit for the year ended December 31, 2013 was completed on June 10, 2014, and the report was issued to CLICO Ltd, a private company, on June 30, 2014.
Will it prevent the auditors from engaging in practices that could undermine the intent of Sarbanes-Oxley?
The ultimate purpose of ERM is to increase shareholder value through a risk-return based strategy.
Define a Ponzi scheme. Next, describe why the Madoff fraud is considered a Ponzi scheme.
Give an example of an Audit firms systems of quality control.
Consider the principles, assumptions, and constraints of Generally Accepted Accounting Principles (GAAP).
What is the definition of a material misstatement and how can this lead to conflict between the auditor and the client?
Is an auditor responsible for detecting fraud, or just making sure that the financial statements don't have material misstatements and conform to GAAP?
What is the AICPA's process for issuing a new standard? How is an ICFR different from an audit of financial statements?
Find a recent CPA case where the member was expelled (it's public information) and discuss the reasons why the member got in trouble.
Under the responsibilities principle, auditors are required to exercise due care and maintain professional skepticism throughout the audit.
1. How does mark-to-market work in accounting? 2. Why under the current accounting derivative rules can two parties to a bi-lateral contract both claim profits?
What are some other important requirements of SOX that are applicable to public companies
It consists of 31 schedules that discusses about Financial Trends, Revenue Capacity, Debt Capacity, Demographic Information and Operating Information.
What do you feel are the ethical responsibilities of the tax preparer?
Are all of the elements of the fraud triangle present in the case? Which elements of the triangle are present and how are they present?
What are the advantages and disadvantages of each recruiting method for the job?
Discuss the issues related to forensic analysis in regards to computer design, according to Trusted Computing Group specifications
Scope of the accounting fraud examination, factors aiding the examination, and limitations on the examination of the below case.
What roles does physical evidence play in financial crimes versus witnesses and confessions?
Calculate and testify to the reasonableness of alimony or support payments, determine cash flow from business operations
One of the most often obtained professional designations in forensic accounting is the Certified Fraud Examiner (CFE) designation.
Sign a Declaration of Intent to comply with the requirements of CFF recertification.
Another designation in the forensic accounting field is the Certified Valuation Analyst (CVA) designation.