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Summarize the five fundamental principles of ethics as articulated by the International Ethics Standards Board for Accountants (IESBA).
Describe the AICPA's six principles of professional conduct.
Which describes the AICPA's rules of conduct. Read Rule 101 and answer the following questions.
a. Are auditors of publicly traded clients required to be independent?
b. Are auditors of privately held clients required to be independent?
c. Rule 101 applies only to covered members. What does it mean to be a covered member?
d. What is the difference between a direct financial interest and an indirect financial interest?
e. What services does the Sarbanes-Oxley Act of 2002 prohibit auditors from performing for their publicly traded clients?
Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?
Code of Ethics for Professional Accountants
Prepare Swag's consolidated balance sheet
Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to
Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors
Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.
State whether Event is adjusting or non-adjusting event.
As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.
To identify principal audit risk and corresponding audit procedures
Show the audit inherent risk and rate the risk as low, medium or high.
Explain the role of the following three 'bodies' in National Health Reform
Prepare a memo on the 'state of the company's industry' and associated risk factors.
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