Auditing en Study guides, Class notes & Summaries

1 PRTC OBLIGATION 1. A mango tree in the land of O is reclining towards the road. All of a sudden, without a storm or an earthquake or even strong wind, the tree falls hitting a car belonging to X causing a P20, 000 damage. The liability of O to X arises from: a. a. Law b. Contract c. Quasi –contract d. Delict e. Quasi – delict 2. The obligation of the employer to pay death benefits and funeral expenses for his employer’s death while in the course of employment as sanctioned by the Workmen...

Sarbanes-Oxley Act of 2002 (SOX) actually only applies to publically traded companies. However, the scrutiny that nonprofit health organizations live under due to the nature of their business and tax-exempt status, likely leads the public to require that non-profit companies adhere to the same if not greater standards. SOX requires various standards be met in order to protect investors as well as increase corporate oversight of for profit health care organizations. Non-profit health care organiz...

Large multinational organization wants to improve elasticity and resource usage of hardware that is housing on-premise critical internal services. Correct answer- Private cloud with IaaS Collection of organizations in the same industry vertical developing services based on a common application stack. Correct answer- Community cloud with PaaS Organization that has an orchestration but that integrates with a large on-premise footprint, subscribing to a small amount of external software servi...

Accounting and Auditing Enforcement Courtney D. Moore ACC 599 Graduate Accounting Capstone Professor David Humphreys Questions and Answers

Accounting and Auditing Enforcement Courtney D. Moore ACC 599 Graduate Accounting Capstone Professor David Humphreys

ACC 599 Accounting and Auditing Enforcement Sarbanes-Oxley Act of 2002 (SOX) actually only applies to publically traded companies. However, the scrutiny that nonprofit health organizations live under due to the nature of their business and tax-exempt status, likely leads the public to require that non-profit companies adhere to the same if not greater standards. SOX requires various standards be met in order to protect investors as well as increase corporate oversight of for profit health care...

1. internal audit independent, objective assurance and consulting activity designed to add value and improve an organization's operations. independence and objectivity, systematic and disciplined approach 2. governance the process conducted by the BOD to authorize, direct, and oversee management toward the achievement of the organization's objectives.It is the system of rules, prac- tices, and processes by which a company is directed and controlled. 3. risk manage- ment the process con...

ACC 490 Final Exam 1. An audit that involves obtaining & evaluating evidence about the efficiency & effectiveness of an entity’s operating activities in relation to specified objectives is a(n): a. internal audit. b. external audit. c. operational audit. d. compliance audit. e. financial statement audit. 2. When providing audit services, the CPA is expected to be: a. independent of the client. b. an advocate for the client. c. an advocate for the general public. d. ind...

ACC707 Auditing and Assurance Services 17/06/2019 – MONDAY - 9AM - M101 (MARKET) - Seat Number 14 DETAILS 20 MCQs = 40% covering all matters covered in the lecture from week 1 - 11 3 short answer questions in the form of case studies from Chapter 9 (substantive procedures); Chapter 11 (subsequent events); Chapter 12 (auditor's opinion) = 60% Total marks = 100% Marks will be scaled to 50 EXTRA Inventory and Property planed Equipment Evidences and Facts Know the Procedures Adjustm...