Opinion
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The audit profession: Center stage
Auditing, in general, has received mixed reviews in light of last year's series of corporate failures. Although internal auditors have…
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To whom it may concern
A key skill in accounting is the ability to clearly communicate information to management. Consequently, it is a skill that…
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Audit evidence
When external auditors are employed to express an opinion on the financial statements of an entity, they must ensure that…
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The CPA Exam Alert
After years in the making, the computerized CPA exam is slated to launch April 2004. Lorraine P. Sachs, Executive Vice…
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Creating a risk-intelligent organization
In the aftermath of last year's debacles and governance meltdowns, stakeholders are demanding greater transparency about the risks an enterprise…
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Fraud threats in organisations
Fraud includes the improper usage of resources and the misrepresentation of facts to receive gain. It is related to the…
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Risk analysis
To say Risk Analysis is an important issue is an understatement. It is difficult to quantify the losses suffered each…
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Has the time come for quarterly reporting?
Accountancy currently finds itself in the eye of the hurricane. Financial scandals, changes in the form of Basel II and…
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The theory of supply and demand
"Teach a parrot to say supply and demand and you have an economist. Discuss" (Question in a higher education final…
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Top 10 Audit Deficiencies
How can auditors learn to more effectively detect financial statement fraud? One of the best ways is to “profit” from…
