24. Which one of the four components of the exposure rectangle do ext.pdf
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24. Which one of the four components of the exposure rectangle do external auditors primarily focus on when looking for management fraud? A. Management and directors B. Company's relationship with other entities C. The organization and its industry D. Financial results and operating characteristics 25. Fraud in financial statements usually takes the form of: I. Overstated assets or revenue II. Understated liabilities and expenses A. I only B. II only C. Both I and II D. Neither I nor II 26. When management overstates inventory, it current year's income and the next year's income. A. Overstates, does not affert B. Overstates, owerstates C. Understates, overstates D. Overstates, understates 27. When management creates fictitious revenues, it current year's income and the next year's income. A. Overstates, does not affect B. Overstates, overstates C. Understates, overstates D. Overstates, understates 28. Bribery schemes usually benefit the employee who accepts the vendor bribe, but the company rarely suffers economic loss? A. True B. False 29. It is normally not a good idea to ask employees whether or not fraud is occurring within their organisation because it makes the auditor look unprepared and ignorant of what is going on within the company. A. True B. False.
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Chapter 05
© 2023 McGraw Hill, LLC. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further distribution permitted without the prior written consent of McGraw Hill, LLC.
Because learning changes everything.®
Learning Objectives
L O 5-1: Distinguish between audit requirements for errors, fraud, and illegal acts.
L O 5-2: Explain the components of the Fraud Triangle and how they are integrated into A U-C 240.
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2
© McGraw Hill, LLC
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Ethics Insight
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Concerns found in:
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Performing audit sampling procedures.
Auditing of estimates.
Auditing fair value measurements and disclosures.
3
© McGraw Hill, LLC
P C A O B Recommendations for AuditorsRecommendationDescriptionResultInteractive meetings/coaching workshopsEngagement Team, often tied to audit milestonesIdentifying how financials might be materially misstated
Identifying risks of material misstatementEarly involvement of engagement quality reviewer (E Q R)From audit planning stage forwardMay result in in early identification of potential or actual audit challengesNarrative descriptions of quality controlFirms created narratives of their quality control process or prepared process flow maps of themUsed to monitor engagement performance and enhance the audit effectivenessIncreased partner involvement in planning of audit tests and controlsEngagement team leadership held planning meetings with whole engagement team Discussions and robust risk assessment procedures improve staff ability to analyze effectiveness of controlsUse of firm specialists during audit planning to assist in risk assessmentEarly involvement of specialists during audit planning stageEnhances the ability of auditors to more effectively identify and assess risks of material misstatementImplementing coaching programs and refining audit tools for specific audit areasTargeting areas where the firms have had audit deficiencies in the pastNoted improvement in the auditing of estimates at firms that implemented these programs
4
© McGraw Hill, LLC
Chapter Roadmap
Consider the following questions as you read the chapter
What are the auditor’s responsibilities to assess the risks of material misstatement of the financial statements, whether due to error or fraud?
What is the frau.
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a function averege_steps that takes one argument for the file name and returns the list of average
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A network intrusion detection system (NIDS) analyzes all incoming and outgoing traffic for
signs of intrusion. More specifically, a NIDS extracts the payload part of each network packet,
and compares it with rules that are called vulnerability signatures. The payload is the actual data
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various checks that are performed by a NIDS. Attackers split the attack data into multiple
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On the other hand, defenders have improved the code of NIDS by reassembling fragmented
network packets before analyzing them, so that their payloads are merged and analyzed as a
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TCP sequence numbers. When a new network packet arrives, the NIDS needs to insert it in the
linked list at a position that does not break the ascending order of the nodes. Furthermore, if the
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simply uses the methods of the IntNode class to create and maintain the linked list of network
packets. Students can verify the correctness of their IntNode class by comparing their output
with the following output: Prj1 is running. The (sequence number, data) pairs in the 1inked 1ist
are: (13,230185386) Running renovebuplicate() on target 13 The linked list is enpty. Running
addNodeInOrder( () on target 13 and data 308329763 The (sequence number, data) pairs in the
linked list are: (13,308329763) Running renoveDuplicate() on target 14 The (sequence number,
data) pairs in the linked 1ist are: (13,3e8329763) Running addwodeInonder() on target 14 and
data 248041794 The (sequence number, data) pairs in the linked list are:
(13,3e8329763)(14,248941794) Running renoveDuplicate() on target 14 The (sequence number,
data) pairs in the 1inked 11st are: (13,308329763) Running addNodeInorder() on target 14 and
data 295106305 The (sequence number, data) pairs in the linked 1ist are: (13,308329763) (14,
295106305) Running renovebuplicate() on target 15 The (sequence number, data) pairs in the
1inked 11st are: (13,398.
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Fraud in Financial Statements and Auditor Responsibilities
Chapter 05
© 2023 McGraw Hill, LLC. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further distribution permitted without the prior written consent of McGraw Hill, LLC.
Because learning changes everything.®
Learning Objectives
L O 5-1: Distinguish between audit requirements for errors, fraud, and illegal acts.
L O 5-2: Explain the components of the Fraud Triangle and how they are integrated into A U-C 240.
L O 5-3: Describe fraud risk assessment procedures and red flags which might indicate that an individual may be committing fraud, or susceptible to it.
L O 5-4: Describe the responsibilities of the External Auditor, Board of Directors, and Company Management in regard to internal controls over financial reporting (I C F R).
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2
© McGraw Hill, LLC
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Ethics Insight
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3
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(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
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Event Link:- https://meetups.mulesoft.com/events/details/mulesoft-mysore-presents-mule-event-processing-models/
Agenda
● What is event processing in MuleSoft?
● Types of event processing models in Mule 4
● Distinction between the reactive, parallel, blocking & non-blocking processing
For Upcoming Meetups Join Mysore Meetup Group - https://meetups.mulesoft.com/mysore/YouTube:- youtube.com/@mulesoftmysore
Mysore WhatsApp group:- https://chat.whatsapp.com/EhqtHtCC75vCAX7gaO842N
Speaker:-
Shivani Yasaswi - https://www.linkedin.com/in/shivaniyasaswi/
Organizers:-
Shubham Chaurasia - https://www.linkedin.com/in/shubhamchaurasia1/
Giridhar Meka - https://www.linkedin.com/in/giridharmeka
Priya Shaw - https://www.linkedin.com/in/priya-shaw
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Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
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