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Question: Victoria Lilly is a practicing CPA. A long-time audit client has asked
Lilly to design and implement a computer-based accounting information system. The fees associated with this opportunity are very attractive. However, Victoria is concerned that she will not be able to maintain objectivity in future financial statement audits if she was responsible for the design and implementation of the client's accounting system. Furthermore, Victoria knows that professional standards require her to remain independent in "fact" and "appearance" from her auditing clients.
1. In regards to financial statement audits, what is the difference between independence in "fact" and independence in "appearance"?
2. Why do professional standards require that an auditor remain independent of their audit clients?
3. Do you believe that Victoria can accept the engagement to develop the client's accounting system and still remain independent? (Support your answer)
Did the ‘founding generation' create a revolutionary new society and government, or did they perpetuate the old colonial social, economic, and political order.
Describe this team experience. What made this team so special? What was your role on the team? Why was this experience rewarding for you?
Explore various resources to research other famous speeches related to stereotyping and prejudice. S
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In TV courtroom dramas, we often see these amazing cross-examinations and usually the very emotional closing statements. Which do you think is most important, the opening statement or the closing statement, and why?
Kevin concludes that the patient has some sort of peripheral sensory deficit. What is incorrect in Kevin's methods or conclusion
Serial murder requires both a reactive and proactive investigative approach. Discuss both the reactive and proactive approaches in depth. Identify sources of information (such as databases) and how these are important in each approach from an inve..
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Propose two (2) safeguards that Facebook and other social media platforms should put into place to help prevent acts of violence from being broadcast.
What have you learnt? What would you have liked to spend more time discussing?
Along with those great opportunities comes the great challenges to preserve individual thinking while optimizing the positive dynamics of group thinking.
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