audit committee oversight of financial statements and financial disclosures

... communication with audit committees; CEO/CFO sign-off on financial statements; increased emphasis on quality of auditors; more rigorous audits; and audit committee oversight of auditors Interview ... member of the audit committee has recent and relevant financial experience.’ The responsibilities of the audit committee include monitoring ‘the integrity of the financial statements of the company…reviewing ... culture within an audit firm; the skills and personal qualities of audit partners and staff; the effectiveness of the audit process; the reliability and usefulness of audit reporting; and factors outside...

Ngày tải lên: 16/03/2014, 00:20

... Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited ... without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited ... without permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited...

Ngày tải lên: 03/06/2014, 00:50

Ngày tải lên: 19/06/2014, 15:20

Ngày tải lên: 19/06/2014, 15:20

... considering that the basic function of an audit committee is to press companies to generate quality financial statements, as well as being the final judge of the quality of the financial reporting process, ... supervise the process of financial reporting and provide professional audit services If yes, AUDITCOM = 1, otherwise AUDITCOM = C Board behavior characteristics This group of variables include ... related to the quality of financial reporting shows that, having financial professionals as independent directors, or establishment of audit committees to exclusively supervise financial reporting...

Ngày tải lên: 02/01/2015, 17:34

... party and all the risks and rewards of the asset have been substantially transferred Cash and cash equivalents Cash and cash equivalents comprise cash on hand and at banks, demand deposits and ... described in Note 3.f i) Financial assets and liabilities Financial investments All normal purchases and sales of financial assets are recognized in the statement of financial position on the ... disposals of property, plant and equipment and intangible assets Payments on investments in property, plant and equipment and intangible assets Proceeds on disposals of companies, net of cash and cash...

Ngày tải lên: 18/02/2014, 05:20

... client’s policies and procedures related to the preparation of financial statements, and much more The model requires auditors to gain an understanding of a company’s internal control, and to test ... firms and some of those changes are highly significant AUDIT FIRM METHODOLOGIES 16 While all audits of financial statements of publicly held companies are required to comply with GAAS, audit ... strong, the auditor might send a larger number of accounts receivable confirmations at year end The model requires an assessment of the risk of fraud (intentional misstatements of financial statements) ...

Ngày tải lên: 29/03/2014, 18:20

... www.adultpdf.com The University of Montana A-14 A Component Unit of the State of Montana Consolidated Statements of Net Assets As of June 30, 2009 and 2008 ASSETS Current Assets Cash and cash equivalents ... Pensions The increase in the OPEB liability was offset by decline in long-term debt of $6.0 million net of new borrowings of $803 thousand Net assets of the University increased by over $27.7 million ... salaries and benefits, other post employment benefits, and utility and supply costs, of $11.6 million, $7.4 million, and $4.4 million, respectively Salary increases in FY08 for classified staff and...

Ngày tải lên: 18/06/2014, 20:20

... reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during ... part of these financial statements NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS A-21 THE UNIVERSITY OF MONTANA A COMPONENT UNIT OF THE STATE OF MONTANA FOR THE YEARS ENDED JUNE 30, 2009 AND ... integral part of these financial statements The University of Montana A-20 A Component Unit of the State of Montana Consolidated Statements of Cash Flows For the Years Ended June 30, 2009 and 2008...

Ngày tải lên: 18/06/2014, 20:20

... the sale of land and land assets, together with proceeds from the sale of timber, oil royalties and other minerals, must be reinvested, and constitute, along with the balance of unsold land, a ... percentage of total investments, was 43.09% and 31.29%, respectively Land grant earnings In 1881, the Congress of the United States granted land to the State of Montana for the benefit of the state’s ... 2004, and Series J 2005 revenue bonds The University’s land grant assets are not reflected in the consolidated financial statements, but are included as a component of the State of Montana Basic Financial...

Ngày tải lên: 18/06/2014, 20:20

... unit of the State of Montana The University’s consolidated financial statements and the combined financial statements of its component units include only the activities, funds and accounts of the ... Consolidated Statements of Net Assets as of June 30, 2009 The net effect of this transaction on the Consolidated Statements of Net Assets as of June 30, 2009 would be as follows: Current Assets Cash and ... provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point The projection of benefits for financial reporting...

Ngày tải lên: 18/06/2014, 20:20

... The University of Montana Supplemental Information - All Campuses A-49 (Unaudited) DESCRIPTION Fall 2008 Enrollment (Headcount) 18,979 FY2009 ... of Technology Undergraduate Graduate 2,560 12,565 1,805 2,358 12,223 1,837 2,121 12,167 1,777 2,055 11,985 1,747 1,881 12,026 1,765 1,905 12,149 1,772 Enrollment (FTE) In-State students Out -of- State ... FY2005 FY2004 Employees (FTE) - All Funds Contract Faculty Contract Admin & Professional Classified GTA/GRA Part Time and Other 1,044 502 1,311 174 530 6/30/2009 Degrees Granted Certificate Associate...

Ngày tải lên: 18/06/2014, 20:20

... Table of Contents Independent Auditors' Report 1-2 Financial Statements Statement of Financial Position Statement of Activities Statement of Functional Expenses Statement of Cash Flows Notes to Financial ... on those financial statements We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained ... purposes of additional analysis as required by U S Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and is not a required part of the...

Ngày tải lên: 18/06/2014, 20:20

... make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of support, revenue and expenses during ... Department of Housing and Urban Development Community Development Block Grants (CDBG): Passed through: City of Milpitas City of Los Gatos City of Los Altos City of San Jose City of San Jose City of Campbell ... foundations and corporations, United Way, and individual donations from the general public Note - Summary of Significant Accounting Policies: a Basis of Accounting The financial statements of the...

Ngày tải lên: 18/06/2014, 20:20

... conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, ... audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, ... General of the United States; and OMB Circular A-133, Audits of States, Local Governments, and NonProfit Organizations Those standards and OMB Circular A-133 require that we plan and perform the audit...

Ngày tải lên: 18/06/2014, 20:20

... conducted my audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, ... Overview of the Financial Statements This management discussion and analysis is intended to introduce the City of Altus’ basic financial statements The City of Altus’ basic financial statements ... City of Altus, Oklahoma Report on Audit of Financial Statements June 30, 2007 Table of Contents Introductory Section Pages Selected City Officials Financial Section Independent Auditor’s...

Ngày tải lên: 19/06/2014, 11:20

... provide the same type of information found in the government-wide financial statements, but in more detail Unrestricted net assets of the Altus Municipal Authority, as of the end of the fiscal year, ... information of the City’s capital assets can be found in Note V.D on pages 33–34 of this report Long-term debt As of the end of the current fiscal year, the City had total debt outstanding of $ 25,290,645 ... water plant, Phase IV of Navajoe Gateway, and the completion of the Hotel/Motel improvements at the City Library and Auditorium, Park Lane improvements to include the relocation of water lines on...

Ngày tải lên: 19/06/2014, 11:20

... Government-wide and fund financial statements The government-wide financial statements (i.e., the statement of net assets and the statement of activities) report information on all of the nonfiduciary ... the purpose of contracting for payment of reimbursable costs and operating a reliable source of water for the City The governing body of the District is a board of directors composed of a five ... government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements...

Ngày tải lên: 19/06/2014, 11:20

... Reconciliation of government-wide and fund financial statements A Explanation of certain differences between the governmental fund balance sheet and the government-wide statement of net assets ... administrator and city financial officer to review the needs estimates and requests of the departments The council holds a public hearing prior to June 15, and a final budget is formally approved and adopted ... Inventory is valued at average cost and consists of gasoline stored for use in the City vehicles, material and supplies used for vehicle maintenance, and office and janitorial supplies The cost...

Ngày tải lên: 19/06/2014, 11:20