I believe that they have two main concerns about this situation. First of all, auditor needs to evaluate the manager’s honesties. They need to work hard not to rely on manager’s argument and approach the audit with a skeptical attitude and keep questioning mind during the entire audit procedures. Especially when auditors plan audit and evaluate audit evidence, it is important to have skeptical mind set. Then, they are able to find any possible fraud conditions existing in the school. Another concern they must have is if the school has proper documentation policy and procedures. Auditors have a right to require the manager with a copy of hotel invoices or any relevant information which is needed for them to perform due diligence as an auditor.
The DOT (also know as USDOT) Number is an ID for federal safety regulations. The MC Number is your "Interstate Operating Authority." This is the $300 fee I believe you were referring to. The cost is dependent on Authority. 'Permanent Authority has a filing fee of $300."
The managers demeanor is defensive and rude and does not show respect to the auditors who are merely trying to exercise due care in the performance of their
This paper identifies several topics such as the type of protocols and cryptosystems used to complete online financial transactions, the development and implementation of Advanced Encryption Standard (AES), a fire control system in an automated server room, factors considered when converting general office space to a server room, and power systems in server rooms. Research indicates the use of secure hypertext transfer protocols and digital certificates for the use of online financial transactions. Additionally, AES provides:____. A fire control system requires_____. When converting general office space to a server room_____. Power options for server rooms __________.
Dodger was being sent off to Australia, he got caught for stealing. Fagin freaked out, he was thinking that Dodger would rat them out and it would be over for them. Soon after Fagin got the news, Monks showed up… He wanted Charley out of the room. He was about to tell him what Nancy did. Bill flipped out, thinking that she turned against him. He went to go find Nancy. On the way to find her, everyone got out of his way; nobody wanted his attention. He asked everyone if they have seen her and they all said “no.” Then, Bill found Nancy… Seconds later there was a loud scream. Everyone ran to see what happened and saw Nancy’s lifeless body with Bill running away. People chased after Bill, he went to Fagin’s place asking for money to get away.
-the number of proxy’s online is hard to count, thus making it difficult to tell the difference between the good and bad, there are some proxy set up by hacker to fish out information of the user while the person uses the
The supported platforms are Windows 7, 8, 10, and Android. The software is personal firewall that’s designed for home or personal users. And I used the paid version, the license was provided for me.
Recommended dietary allowances (RDAs) are a set of guidelines that apply to specific vitamins and minerals that are in the foods and supplements that are consumed on a daily basis. The guidelines of RDAs are to help one stay on top of how much of each nutrient their body needs on a daily basis. Sometimes meeting all of our recommended dietary allowances on a daily basis can be difficult, but it is best to try and meet the personal dietary allowances that are set for us individually so that our body has what it needs to function and operate properly.
My appropriate way that I would do during my audit process was that I would ask questions to Toby and his accountants to provide concrete evidence of each item that include in the miscellaneous expense. My team members and I must test the selected items or all the elements from the miscellaneous account by reviewing all the supporting documents such as receipts and invoices. Moreover, the audit team has to conduct the procedure to interview Toby and his staff to clarify all the suspicious about their financial statement reporting amounts. Even Betty and her team had questioned Toby and his employee several times about their miscellaneous expense, they have just realized heavily on Toby’s answers since they trusted him for having a long client relationship, and this was the reason that makes them decided not to investigate further. In my opinion, it is crucial for Betty and her team to investigate further about her client’s miscellaneous expense because it could help them to discover more inappropriate actions that Toby had done to his company’s financial statements. As a result, I think that because Betty did not practice an appropriate professional judgment as well as professional skepticism; she and her audit team have missed red flag in Toby’s fraud
Oliver is the one that gave Daniel the task of performing the audit, and he is expecting a clean opinion from Daniel on the matter. the analysis of the Sub in order to secure the clients account exclusively. While performing the audit, Daniel found a discrepancy with the value of the Sub’s largest real estate properties. The Sub valued the property at $2 million on their balance sheet, and Daniel had estimated the property at $2 million. value of that property is much lower.
According to the article authored by Mark Rupert, what are the seven best practices in the roles and responsibilities of an internal audit function?
...hile it is important that the administrator monitor the amount of money spent and the amount of money to be spent, he/she is not responsible for the overall account of the budget. Most schools employ a secretary to handle the accounting duties. This person writes the checks, makes deposits, and balances the general ledger. They are also responsible for providing paperwork when audited.
The oversight responsibilities of the board, the CAE lacking of expertise or broad understanding of financial controls and responsibilities, and the understaffed internal audit functions lacking of independence and direct access to the board of directors contributed to the absence of internal controls. To begin with, the board should be retrained to achieve financial literacy to review financial reporting. Other than attending formal meetings, the board of directors should be more involved with the management. For the Audit Committee, the two members who were recruited as acquaintances to Brennahan need be replaced with experts who are more sufficiently knowledgeable about accounting rules beyond merely “financially literate”. Furthermore, the internal audit functions need to expand with different expertise commensurate with the expanded activities of the organization, testing financial reporting rather than internal controls from an operational perspective. The CAE should be more independent and proactive to execute audit plans, instead of following orders from the CFO, and initiate a direct and efficient communication between internal audit and audit
Because members of school administration are entrusted with the management of public funds, administrators must act ethically and with integrity to ensure school funds are utilized responsibly and that policies that affect the district’s financial integrity are closely examined. Therefore, policies, such as approval of expenditures and payroll, finance and goal setting, and the preparation of the budget, that directly impact the financial integrity of a school district should be carefully
...e financial reports and statements are correct. This auditing will be conducted by auditing department of the organization, even may be done by an independent auditor who is not part of the organization, and sometimes public officials are elected. In case of unmatched consequences the organization need to give explanation on the misrepresentation of wrong statements. Auditors purpose is then to ensure that the misrepresentations are corrected, then maintain accurate, reliable financial documents and statements.
The audit risk is consists of three elements which are inherent risk, control risk and detection risk. The audit model is important to the audit process. The audit risk model provides the basic for the current emphasis on the risk-based audit approach and it assists the auditor in determining the scope of auditing procedures for a particular account balance or class of transactions. Based on the assessed risk, the auditor may determine whether the use of more tests of control or substantive procedures is appropriate to address the