Accounting schemes report - Study guides, Class notes & Summaries

Testbank to accompany Audit and assurance 2 nd edition by Leung et al. © John Wiley & Sons Australia, Ltd 2023 Chapter 1: Auditing and governance © John Wiley & Sons Australia, Ltd 2023 1.2 Chapter 1: Auditing and governance Multiple-choice questions 1. The three major professional accounting bodies in Australia are: a. CAANZ, CPA and ASIC. b. CPA Australia, IPA and AARF. c. ATO, AUASB and ASIC. *d. CAANZ, CPA Australia and IPA. The correct option is d. Learning objective 1....

C254 WGU Practice Review 2024 In the past (early 20th century time-frame), what was the general consensus of the principal purpose of audits (including among auditors)? To detect fraud To certify for the public that management is qualified to run the entity To evaluate that companies follow GAAP Investigative and analytical purposes - ANS To detect fraud Why has there been so much frustration between the general public and auditors regarding fraud detection? The ...

ISTM 210 Final Test Questions with Correct A Computer Security - Answer-concerned w/ risk mgmt, confidentiality, integrity, and availability of the electronic info that is processed and stored w/in a computing system Risk Mgmt - Answer-recognition, consequences, and assessment of risk to a comp's assets. Also developing strategies to manage and protect them Hacker/Hacktivist - Answer-someone who tries to invade or disable a comp's security measures and then steals comp resources Fire...

WGU C254 - Fraud and Forensic Accounting Questions and answers, 100% Accurate, Rated A+ What are three ratios that are useful for detecting Overstatement of Asset Fraud? - -1. Individual FA account balances/Total FAs 2. Total Def Chgs/Total Assets 3. Def Chg W-offs (amort)/Def Chg Bal What are the three categories of Fixed Assets? - -Property, Plant, and Equipment. (PP&E) What are three common ways to overstate Fixed Assets? - -1. Inflated amounts are recorded in nonarm's-length pur...

What were the two major scandals in 2003 in Europe that caused major reassessment of continent's approach to governance? - Answer Ahold and Parmalat What did the Greenbury report conclude? - Answer Performance related pay in long-term schemes should be released over a minimum of three years Within the EU, how often are public companies required to change their audit company? - Answer Every 20 years What does an AGM address: - Answer Board structure, audit and oversight, executive pay, ...

CFE Exam 349 Questions with Verified Answers Falsified Hours & Salary Schemes - CORRECT ANSWER The most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage rate. Common ways ...

CISA Domain 2 Exam 183 Questions with Verified Answers IT management - CORRECT ANSWER the process of managing activities related to information technology operations and resources, which helps ensure that IT continues to support the defined enterprise objectives IT resource management - CORRECT ANSWER the process of pre-planning, scheduling and allocating the limited IT resources to maximize efficiency in achieving the enterprise objectives - When an organization invests its resources in...

What structure for Ethical considerations? Tucker's 5 Questions What structure for deciding strategy on public sector projects Public Sector Portfolio Matrix ACCA - 5 Skills? Commercial Acumen -Judgement - Awareness Analysis -Investigate -Enquire -Consider Communication -Inform -Persuade -Clarify Evaluation -Assess -Estimate -Appraise Scepticim -Probe -Question -Challange What model for environmental? PESTEL 5 Forces National What model for competitiveness? ...

Company Law for Business 266 All Topics Questions and Answers 100% Correct.(Tutors only) Multiple Choice Questions and Answers Tutors Only Topic 1: About Companies, company Law and Legal nature of Companies 1. From a shareholder‟s point of view, the purchase of shares in a Pty Ltd company may be an attractive option because: a. The investor has limited liability. b. The company has limited liability. c. Both the investor and the company have limited liability. d. The shares can...

Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements - answer-Which of the following risks allows the perpetrator to hide the theft in the accounting records? a. Checks issued payable to cash b. Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements c. Lack of matching documentation d. Checks made payable to authorized signer Checks created a...