1: There are four different types of audit reports. There are (1) unqualified reports, (2) qualified reports, (3) adverse reports, and (4) disclaimer reports. An unqualified report is issued when the independent auditor finds that the books and records of the company being audited conform to generally accepted accounting principles. A qualified report would be issued when the auditor encounters one of two types of situations which do not comply with generally accepted accounting principles. Auditing: Four Types of Reports essays
Accounting Concepts and Conventions Author: Jim Riley Last updated: Sunday 23 September, 2012 Accounting concepts and conventions In drawing up accounting statements, whether they are external "financial accounts" or internally-focused "management accounts", a clear objective has to be that the accounts fairly reflect the true "substance" of the business and the results of its operation. The theory of accounting has, therefore, developed the concept of a "true and fair view".
The FAR Group - CPA Exam Club
CPAnet's Groups - CPA Exam Club
ENROLL TODAY and join over 2,000 students from more than 30 different countries around the world who are currently taking or have graduated from the RLA course. Read their testimonials and find out what they have to say. The HEART of Accounting - A 4-hour introductory course in accounting essentials. Real Life Accounting - Learn Accounting Step by Step - Online & E-book Tutorials Teaching Basic Accounting
Errors of Commission These errors by definition are of clerical nature. These errors may be committed at the time of recording and/or posting. At the time of recording, the wrong amount may be recorded in journal which will be carried throughout. Such errors will not affect the agreement of the trial balance. Errors in Accounting
Your Source For Investing Education How Obamacare Is Raising Your Taxes Obamacare brings tax increases for certain people, including a Medicare tax increase for high earners and increased taxes on net investment income (NII). Here’s a summary of what you need to know about Obamacare and your taxes. Healthcare 2.0 - Obamacare Reboots The Health Insurance Market A key issue for the insurance exchanges is whether enough younger and healthier people will take advantage of the new subsidized coverage. This will be crucial to making sure that the exchanges do not enroll too many older, less healthy people. Obamacare Update: Canceled Health Plans And Subscriber Options The president's latest change to the Affordable Care Act has subscribers choosing between continuing coverage with an out-of-date plan, accepting their insurer’s proposed plan, or finding health insurance somewhere else.
Adjusting Entries in Accounting | Accounting: Accounting Cycle | College-Cram.com Posted by Professor Cram in Accounting Cycle Adjusting Entries in Accounting – Introduction Adjusting Entries are journal entries that are made at the end of the accounting period, to adjust expenses and revenues to the accounting period where they actually occurred. Generally speaking, they are adjustments based on reality, not on a source document.
Accounting Today - Tools and Resources for the Electronic Accountant - An Investcorp and SourceMedia Publication
SAS 70 Audit Training Videos | Learn about Type I and Type II Compliance SAS 70 training videos, developed by NDB Accountants and Consultants, are an excellent resource for learning all you need to know about Statement on Auditing Standards No. 70 (SAS 70) Type I and Type II audits. Each SAS 70 training video covers an essential component necessary for gaining the knowledge, awareness, and skill sets relating to Type I and Type II audits. Additionally, these videos are geared towards a wide ranging audience, from external auditors seeking to learn more about SAS 70 audits, to internal personnel whose organization may be considering embarking on SAS 70 compliance. In short, the videos provide an excellent resource for anyone seeking to strengthen their knowledge base on this widely used, internationally known auditing standard. Currently, the SAS 70 training videos consist of the following content:
Market Size and Liquidity | What is Forex? Unlike other financial markets like the New York Stock Exchange, the forex spot market has neither a physical location nor a central exchange. The forex market is considered an Over-the-Counter (OTC), or “Interbank”, market due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period. This means that the spot forex market is spread all over the globe with no central location.
Principles of Management Slide Shows
MANAGEMENT FAQs What is strategic management? Strategic management can be used to determine mission, vision, values, goals, objectives, roles and responsibilities, timelines, etc. Top of Category What is strategic planning? STRATEGIC MANAGEMENT
Forum: FAR - Financial Accounting & Reporting