Rodel S. Navarro; Business and Management Consultant and Director; RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS); Tel / Mobile: +63-0917-7333563; Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS; (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com; https://www.slideshare.net/FREEPDFBOOKSPH; freepdfbooksph@gmail.com; www.slideshare.net/IFRS_IAS_COMPILED; ifrs.ias.compiled@gmail.com; https://www.slideshare.net/PH_STANDARDSONAUDITING_COMPILED; psauditing.compiled@gmail.com
At the end of this lecture, you should be able to:
- Define taxation and taxes.
- Enumerate and explain the three inherent powers of the state.
- Describe different internal revenue taxes.
- Explain the different characteristics of taxes.
- Describe the nature of taxation in the Philippines
Analysing Students’ Communicative Strategies in Synchronous Telecollaboration...University of Valencia
Talk to be given at the "New Directions in Telecollaborative Research and Practice: The Second Conference on Telecollaboration in University Education" at Trinity College Dublin, 21-23 April, 2016.
Our presentation outlines a study carried out in the context of the European-funded project TILA (Telecollaboration for Intercultural Language Acquisition - Grant Agreement Number 2012-4001/001-001). This two-year project involved secondary school students from France, Germany, the Netherlands, Spain and the United Kingdom.
Our aim in this presentation is to offer insights into the verbal and non-verbal characteristics of synchronous telecollaboration (STC). Our corpus consists of twelve recordings of tandem interactions between Spanish and British secondary school students aged between 14 and 15. In the first stage of our analysis we transcribed the video recordings. The transcriptions include all linguistically coded communication –both spoken and written– as well as annotations of paralinguistic and non-linguistic phenomena. In our analysis we draw on Goffman, 1956, Brown and Levinson, 1987 and Pennock-Speck and del Saz-Rubio, 2013. We focus specifically on Goffman’s (1956: 476) notion of deference, “a symbolic means by which appreciation is regularly conveyed to a recipient”. There are two main types of deference: “avoidance rituals”, similar to Brown and Levinson’s (1987) negative politeness strategies, and “presentation rituals” (Goffman, 1956: 481), akin to Brown and Levinson’s (1987) positive politeness strategies.
This research brings to light empirical evidence of the affordances of STC when compared with other kinds of online peer interaction. Our results show that participants systematically use body language and non-verbal cues along with verbal language to make their interlocutors feel at ease, to resolve potentially embarrassing moments and also to offer them praise. It also provides insights into how TC can enhance Classroom Interactional Competence (CIC) defined by Walsh (2011: 158) as “Teachers’ and learners’ ability to use interaction as a tool for mediating and assisting learning”. We posit that TC promotes CIC and that students benefit from the peer-feedback and the peer-scaffolding that ensue from interaction of this kind.
At the end of this lecture, you should be able to:
- Define taxation and taxes.
- Enumerate and explain the three inherent powers of the state.
- Describe different internal revenue taxes.
- Explain the different characteristics of taxes.
- Describe the nature of taxation in the Philippines
Analysing Students’ Communicative Strategies in Synchronous Telecollaboration...University of Valencia
Talk to be given at the "New Directions in Telecollaborative Research and Practice: The Second Conference on Telecollaboration in University Education" at Trinity College Dublin, 21-23 April, 2016.
Our presentation outlines a study carried out in the context of the European-funded project TILA (Telecollaboration for Intercultural Language Acquisition - Grant Agreement Number 2012-4001/001-001). This two-year project involved secondary school students from France, Germany, the Netherlands, Spain and the United Kingdom.
Our aim in this presentation is to offer insights into the verbal and non-verbal characteristics of synchronous telecollaboration (STC). Our corpus consists of twelve recordings of tandem interactions between Spanish and British secondary school students aged between 14 and 15. In the first stage of our analysis we transcribed the video recordings. The transcriptions include all linguistically coded communication –both spoken and written– as well as annotations of paralinguistic and non-linguistic phenomena. In our analysis we draw on Goffman, 1956, Brown and Levinson, 1987 and Pennock-Speck and del Saz-Rubio, 2013. We focus specifically on Goffman’s (1956: 476) notion of deference, “a symbolic means by which appreciation is regularly conveyed to a recipient”. There are two main types of deference: “avoidance rituals”, similar to Brown and Levinson’s (1987) negative politeness strategies, and “presentation rituals” (Goffman, 1956: 481), akin to Brown and Levinson’s (1987) positive politeness strategies.
This research brings to light empirical evidence of the affordances of STC when compared with other kinds of online peer interaction. Our results show that participants systematically use body language and non-verbal cues along with verbal language to make their interlocutors feel at ease, to resolve potentially embarrassing moments and also to offer them praise. It also provides insights into how TC can enhance Classroom Interactional Competence (CIC) defined by Walsh (2011: 158) as “Teachers’ and learners’ ability to use interaction as a tool for mediating and assisting learning”. We posit that TC promotes CIC and that students benefit from the peer-feedback and the peer-scaffolding that ensue from interaction of this kind.
Lezingen van Artetcetera (Michiel Kersten) over de verbeelding van emoties in de Nederlandse kunst in de Gouden Eeuw. Lezingen naar aanleiding van de tentoonstelling in het Frans Hals Museum, winter 2015/15
Audit of Internal Financial Control over Financial Reporting (IFCR) A complet...Taufir Alam
Introduction to the Presentation on internal financial control over financial reporting_a complete guide
The Companies Act, 2013 has introduced some new requirements relating to audits and reporting by the statutory auditors of companies.
One of these requirements is given under Section 143(3)(i) of the Act which requires the statutory auditor to state in his audit report whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.
The section has cast onerous responsibilities on the statutory auditors because reporting on internal financial controls is not covered under the Standards on Auditing issued by the ICAI.
Since the concept of reporting on internal financial controls is still new in India this new reporting requirement has thrown up many challenges for the members.
To help the members properly understand and perform the various aspects of this reporting responsibility, the Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has brought out this Guidance Note on Audit of Internal Financial Controls Over Financial Reporting.
The Guidance Note covers aspects such as Scope of reporting on internal financial controls under Companies Act 2013, essential components of internal controls, Technical guidance on the audit of Internal Financial Controls, Implementation guidance on the audit of Internal Financial Controls.
I have presented the above guidance note into a presentation that will have a complete guide for those who are planning to go for Audit of Internal financial control over financial reporting. this presentation will cover all the relevant aspects and also provide the standard operation process for the efficient conduct of the IFCR Audit. You don't need to read the complete Guidance note.
Ranska. Karkea käännös. Small entity audit standard NP 2010 Lasse Åkerblad
France: New small entity audit standard from July 2017. Based on the ISAs.
Ranska: Pienen yrityksen tilintarkastusstandardi alkaen 7/2017 ja korvaa aikaisemman version. Perustuu ISA:aan.
INTERNATIONAL STANDARD ON AUDITING 200 (REVISED)
OVERALL OBJECTIVES OF THE INDEPENDENT AUDITOR AND THE
CONDUCT OF AN AUDIT IN ACCORDANCE WITH INTERNATIONAL
STANDARDS ON AUDITING
1. Major failure of BK&D CPAs are as follows-a. Portions of the r.pdfviji4laxmi
1. Major failure of BK&D CPAs are as follows:-
a. Portions of the report by PCAOB may describe deficiencies or potential deficiencies in the
systems, policies, procedures, practices, or conduct of the firm that is the subject of this report.
The express inclusion of certain deficiencies and potential deficiencies, however, should not be
construed to support any negative inference that any other aspect of the firm\'s systems, policies,
procedures, practices, or conduct is approved or condoned by the Board or judged by the Board
to comply with laws, rules, and professional standards.
b. Any references in this report to violations or potential violations of law, rules, or professional
standards should be understood in the supervisory context in which this report was prepared.
Any such references are not a result of an adversarial adjudicative process and do not constitute
conclusive findings of fact or of violations for purposes of imposing legal liability. Similarly, any
description herein of a firm\'s cooperation in addressing issues constructively should not be
construed, and is not construed by the Board, as an admission, for purposes of potential legal
liability, of any violation.
c. Board inspections encompass, among other things, whether the firm has failed to identify
financial statement misstatements, including failures to comply with Securities and Exchange
Commission (\"SEC\" or \"Commission\") disclosure requirements, in its audits of financial
statements. This report\'s descriptions of any such auditing failures necessarily involve
descriptions of the apparent misstatements or disclosure departures. The Board, however, has no
authority to prescribe the form or content of an issuer\'s financial statements. That authority, and
the authority to make binding determinations concerning whether an issuer\'s financial
statements are misstated or fail to comply with Commission disclosure requirements, rests with
the Commission. Any description, in this report, of financial statement misstatements or failures
to comply with Commission disclosure requirements should not be understood as an indication
that the Commission has considered or made any determination regarding these issues unless
otherwise expressly stated.
2. Analytical procedures are one of many financial audit processes which help an auditor
understand the client\'s business and changes in the business, and to identify potentialrisk areas
to plan other audit procedures.
The objective of analytical procedures used in the overall review stage
of the audit is to assist the auditor in assessing the conclusions reached and in
the evaluation of the overall financial statement presentation. A wide variety of
analytical procedures may be useful for this purpose. The overall review would
generally include reading the financial statements and notes and considering
(a) the adequacy of evidence gathered in response to unusual or unexpected
balances identified in planning the audit or in the c.
Oprah Winfrey: A Leader in Media, Philanthropy, and Empowerment | CIO Women M...CIOWomenMagazine
This person is none other than Oprah Winfrey, a highly influential figure whose impact extends beyond television. This article will delve into the remarkable life and lasting legacy of Oprah. Her story serves as a reminder of the importance of perseverance, compassion, and firm determination.
The Team Member and Guest Experience - Lead and Take Care of your restaurant team. They are the people closest to and delivering Hospitality to your paying Guests!
Make the call, and we can assist you.
408-784-7371
Foodservice Consulting + Design
The case study discusses the potential of drone delivery and the challenges that need to be addressed before it becomes widespread.
Key takeaways:
Drone delivery is in its early stages: Amazon's trial in the UK demonstrates the potential for faster deliveries, but it's still limited by regulations and technology.
Regulations are a major hurdle: Safety concerns around drone collisions with airplanes and people have led to restrictions on flight height and location.
Other challenges exist: Who will use drone delivery the most? Is it cost-effective compared to traditional delivery trucks?
Discussion questions:
Managerial challenges: Integrating drones requires planning for new infrastructure, training staff, and navigating regulations. There are also marketing and recruitment considerations specific to this technology.
External forces vary by country: Regulations, consumer acceptance, and infrastructure all differ between countries.
Demographics matter: Younger generations might be more receptive to drone delivery, while older populations might have concerns.
Stakeholders for Amazon: Customers, regulators, aviation authorities, and competitors are all stakeholders. Regulators likely hold the greatest influence as they determine the feasibility of drone delivery.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
Senior Project and Engineering Leader Jim Smith.pdfJim Smith
I am a Project and Engineering Leader with extensive experience as a Business Operations Leader, Technical Project Manager, Engineering Manager and Operations Experience for Domestic and International companies such as Electrolux, Carrier, and Deutz. I have developed new products using Stage Gate development/MS Project/JIRA, for the pro-duction of Medical Equipment, Large Commercial Refrigeration Systems, Appliances, HVAC, and Diesel engines.
My experience includes:
Managed customized engineered refrigeration system projects with high voltage power panels from quote to ship, coordinating actions between electrical engineering, mechanical design and application engineering, purchasing, production, test, quality assurance and field installation. Managed projects $25k to $1M per project; 4-8 per month. (Hussmann refrigeration)
Successfully developed the $15-20M yearly corporate capital strategy for manufacturing, with the Executive Team and key stakeholders. Created project scope and specifications, business case, ROI, managed project plans with key personnel for nine consumer product manufacturing and distribution sites; to support the company’s strategic sales plan.
Over 15 years of experience managing and developing cost improvement projects with key Stakeholders, site Manufacturing Engineers, Mechanical Engineers, Maintenance, and facility support personnel to optimize pro-duction operations, safety, EHS, and new product development. (BioLab, Deutz, Caire)
Experience working as a Technical Manager developing new products with chemical engineers and packaging engineers to enhance and reduce the cost of retail products. I have led the activities of multiple engineering groups with diverse backgrounds.
Great experience managing the product development of products which utilize complex electrical controls, high voltage power panels, product testing, and commissioning.
Created project scope, business case, ROI for multiple capital projects to support electrotechnical assembly and CPG goods. Identified project cost, risk, success criteria, and performed equipment qualifications. (Carrier, Electrolux, Biolab, Price, Hussmann)
Created detailed projects plans using MS Project, Gant charts in excel, and updated new product development in Jira for stakeholders and project team members including critical path.
Great knowledge of ISO9001, NFPA, OSHA regulations.
User level knowledge of MRP/SAP, MS Project, Powerpoint, Visio, Mastercontrol, JIRA, Power BI and Tableau.
I appreciate your consideration, and look forward to discussing this role with you, and how I can lead your company’s growth and profitability. I can be contacted via LinkedIn via phone or E Mail.
Jim Smith
678-993-7195
jimsmith30024@gmail.com
1. Philippine Standard on Auditing 120
FRAMEWORK OF PHILIPPINE STANDARDS ON
AUDITING
Auditing Standards and Practices Council
2. PSA 120
FRAMEWORK OF PHILIPPINE STANDARDS ON AUDITING
CONTENTS
Paragraphs
Introduction 1-2
Financial Reporting Framework 3
Framework for Auditing and Related Services 4-5
Levels of Assurance 6-10
Audit 11-13
Related Services 14-18
Auditor Association with Financial Information 19
Acknowledgment 20-21
Philippine Standards on Auditing (PSAs) are to be applied in the audit of financial statements.
PSAs are also to be applied, adapted as necessary, to the audit of other information and to
related services.
PSAs contain the basic principles and essential procedures (identified in bold type black
lettering) together with related guidance in the form of explanatory and other material. The
basic principles and essential procedures are to be interpreted in the context of the explanatory
and other material that provide guidance for their application.
To understand and apply the basic principles and essential procedures together with the related
guidance, it is necessary to consider the whole text of the PSA including explanatory and other
material contained in the PSA not just that text which is black lettered.
In exceptional circumstances, an auditor may judge it necessary to depart from a PSA in order
to more effectively achieve the objective of an audit. When such a situation arises, the auditor
should be prepared to justify the departure.
PSAs need only be applied to material matters.
3. PSA 120
The PSAs issued by the Auditing Standards Practices Council (Council) are based on International
Standards on Auditing (ISAs) issued by the International Auditing Practices Committee of the
International Federation of Accountants.
The ISAs on which the PSAs are based are generally applicable to the public sector, including
government business enterprises. However, the applicability of the equivalent PSAs on
Philippine public sector entities has not been addressed by the Council. It is the understanding
of the Council that this matter will be addressed by the Commission on Audit itself in due
course. Accordingly, the Public Sector Perspective set out at the end of an ISA has not been
adopted into the PSAs.
4. PSA 120
Framework of Philippine Standards on Auditing
Introduction
1. The Auditing Standards and Practices Council has been authorized to issue
Philippine Standards on Auditing (PSAs). The purpose of this document is to
describe the framework within which PSAs are issued in relation to the services
which may be performed by auditors.
2. For ease of reference, except where indicated, the term “auditor” is used
throughout the PSAs when describing both auditing and related services which
may be performed. Such reference is not intended to imply that a person
performing related services need be the auditor of the entity's financial statements.
Financial Reporting Framework
3. Financial statements are ordinarily prepared and presented annually and are
directed toward the common information needs of a wide range of users. Many of
those users rely on the financial statements as their major source of information
because they do not have the power to obtain additional information to meet their
specific information needs. Thus, financial statements need to be prepared in
accordance with one, or a combination of:
(a) accounting standards generally accepted in the Philippines;
(b) International Accounting Standards; and
(c) another authoritative and comprehensive financial reporting framework
which has been designed for use in financial reporting and is identified in
the financial statements.
Framework for Auditing and Related Services
4. This Framework distinguishes audits from related services. Related services
comprise reviews, agreed-upon procedures and compilations. As illustrated in the
diagram below, audits and reviews are designed to enable the auditor to provide
high and moderate levels of assurance respectively, such terms being used to
indicate their comparative ranking. Engagements to undertake agreed-upon
procedures and compilations are not intended to enable the auditor to express
assurance.
5. PSA 120
-2-
Auditing _______ Related Services ________
Nature of
service
Audit Review Agreed-
upon
Procedures
Compilation
Comparative
level of
assurance
provided by
the auditor
High, but not
absolute,
assurance
Moderate
assurance
No
assurance
No assurance
Report
provided
Positive
assurance on
assertion(s)
Negative
assurance on
assertion(s)
Factual
findings of
procedures
Identification
of
information
compiled
5. The Framework does not apply to other services provided by auditors such as
taxation, consultancy, and financial and accounting advice.
Levels of Assurance
15. Assurance in the context of this Framework refers to the auditor's satisfaction as
to the reliability of an assertion being made by one party for use by another party.
To provide such assurance, the auditor assesses the evidence collected as a result
of procedures conducted and expresses a conclusion. The degree of satisfaction
achieved and, therefore, the level of assurance which may be provided is
determined by the procedures performed and their results.
16. In an audit engagement, the auditor provides a high, but not absolute, level of
assurance that the information subject to audit is free of material misstatement.
This is expressed positively in the audit report as reasonable assurance.
17. In a review engagement, the auditor provides a moderate level of assurance that
the information subject to review is free of material misstatement. This is
expressed in the form of negative assurance.
6. PSA 120
-3-
18. For agreed-upon procedures, as the auditor simply provides a report of the factual
findings, no assurance is expressed. Instead, users of the report assess for
themselves the procedures and findings reported by the auditor and draw their
own conclusions from the auditor's work.
19. In a compilation engagement, although the users of the compiled information
derive some benefit from the accountant's1
involvement, no assurance is
expressed in the report.
Audit
20. The objective of an audit of financial statements is to enable the auditor to express
an opinion whether the financial statements are prepared, in all material respects,
in accordance with an identified financial reporting framework. The phrase used
to express the auditor's opinion is “present fairly, in all material respects.” A
similar objective applies to the audit of financial or other information prepared in
accordance with appropriate criteria.
21. In forming the audit opinion, the auditor obtains sufficient appropriate audit
evidence to be able to draw conclusions on which to base that opinion.
22. The auditor's opinion enhances the credibility of financial statements by providing
a high, but not absolute, level of assurance. Absolute assurance in auditing is not
attainable as a result of such factors as the need for judgment, the use of testing,
the inherent limitations of any accounting and internal control systems and the fact
that most of the evidence available to the auditor is persuasive, rather than
conclusive, in nature.
1
To distinguish compilation engagements from audits and other related services the term "accountant"
(rather than "auditor") has been used to refer to a professional accountant in public practice.
7. PSA 120
-4-
Related Services
Reviews
14. The objective of a review of financial statements is to enable an auditor2
to state
whether, on the basis of procedures which do not provide all the evidence that
would be required in an audit, anything has come to the auditor's attention that
causes the auditor to believe that the financial statements are not prepared, in all
material respects, in accordance with an identified financial reporting framework.
A similar objective applies to the review of financial or other information
prepared in accordance with appropriate criteria.
15. A review comprises inquiry and analytical procedures which are designed to
review the reliability of an assertion that is the responsibility of one party for use
by another party. While a review involves the application of audit skills and
techniques and the gathering of evidence, it does not ordinarily involve an
assessment of accounting and internal control systems, tests of records and of
responses to inquiries by obtaining corroborating evidence through inspection,
observation, confirmation and computation, which are procedures ordinarily
performed during an audit.
16. Although the auditor attempts to become aware of all significant matters, the
procedures of a review make the achievement of this objective less likely than in
an audit engagement, thus the level of assurance provided in a review report is
correspondingly less than that given in an audit report.
Agreed-upon Procedures
17. In an engagement to perform agreed-upon procedures, an auditor3
is engaged to
carry out those procedures of an audit nature to which the auditor and the entity
and any appropriate third parties have agreed and to report on factual findings.
The recipients of the report must form their own conclusions from the report by
the auditor. The report is restricted to those parties that have agreed to the
procedures to be performed since others, unaware of the reasons for the
procedures, may misinterpret the results.
2.
As explained in paragraph 2 the term auditor is used when describing both auditing and related
services. Such reference is not intended to imply that a person performing related services need to be
the auditor of the entity’s financial statements.
3
See footnote 2.
8. PSA 120
-5-
Compilations
18. In a compilation engagement, the accountant4
is engaged to use accounting
expertise as opposed to auditing expertise to collect, classify and summarize
financial information. This ordinarily entails reducing detailed data to a
manageable and understandable form without a requirement to test the assertions
underlying that information. The procedures employed are not designed and do
not enable the accountant to express any assurance on the financial information.
However, users of the compiled financial information derive some benefit as a
result of the accountant's involvement because the service has been performed
with due professional skill and care.
Auditor Association with Financial Information
19. An auditor5
is associated with financial information when the auditor attaches a
report to that information or consents to the use of the auditor's name in a
professional connection. If the auditor is not associated in this manner, third
parties can assume no responsibility of the auditor. If the auditor learns that an
entity is inappropriately using the auditor's name in association with financial
information, the auditor would require management to cease doing so and
consider what further steps, if any, need to be taken, such as informing any known
third party users of the information of the inappropriate use of the auditor's name
in connection with the information. The auditor may also believe it necessary to
take other action, for example, to seek legal advice.
Acknowledgment
20. This Framework of Philippine Standards on Auditing is based on ISA 120,
Framework of International Standards on Auditing, issued by the International
Auditing Practices Committee of the International Federation of Accountants.
21. This PSA differs from ISA 120 with respect to the deletion of the section on
Public Sector Perspective included in ISA 120.
4
See footnote 1.
5
This includes an accountant engaged to perform compilation engagements.
* * * * * * *
9. PSA 120
-6-
This Philippine Standard on Auditing 120 was unanimously approved on October 29,
2001 by the members of the Auditing Standards and Practices Council:
Benjamin R. Punongbayan, Chairman Antonio P. Acyatan, Vice Chairman
Felicidad A. Abad David L. Balangue
Eliseo A. Fernandez Nestorio C. Roraldo
Arturo G. San Gabriel Joaquin P. Tolentino
Joycelyn J. Villaflores Carlito B. Dimar
Froilan G. Ampil Jose T. Valencia
Horace F. Dumlao Isagani O. Santiago
Eugene T. Mateo Emma M. Espina
Edijer A. Martinez