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    termed as auditor. Internal Audit, Internal audit is conducted by the internal auditor who is an employee of an organization. The main purpose of internal audit is to find out whether the internal control system is working successfully or not. The report of the internal

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    Companies use accounting policies while preparing their financial statements. All financial statements are set to follow an international standard guideline. These policies are available to users of financial statements while making financial decisions in order to make sure that the proper decisions are being made. According to The Financial reporting and analysis article by Gibson, the full disclosure principle states that a company’s financial statements should include all the information needed

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    responsibility of issuing a report; alternately the crucial challenges for an auditor are the liabilities, and presentation of the opinions. Reports an auditor can issue. Initially, defining the five types of reports an auditor has the option of issuing should assist in the comprehension of the severity of the tasks. Namely, the five are the unqualified or unmodified, modified, qualified, adverse opinion, and disclaimer reports; the definitions follow. (1) Unqualified/unmodified audit reports are defined as

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    American Telephone and Telegraph Corporation was founded in 1875 as an arrangement between Alexander Graham Bell, Gardiner Hubbard and Thomas Sanders. AT&T’s core business is all about communication between individuals connecting the world, bringing individuals closer together. Their mission is to “exploit technical innovations for the benefit of AT&T and its customers by implementing next-generation technologies and network advancements in AT&T 's services and operations” (AT&T). In recent years

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    given company. There are some financial disclosures in any business that ensure proper understanding of financial statements to the financial readers, or potential auditors. Examples are the annual financial reports and the financial declarations of the company. The annual financial reports of the enterprise are very useful since they discloses the revenues recognized in the business, and the accountability of the inventories plus the income taxes accounted for during that period of operation. Second

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    services internationally into Canada, Latin America, and Europe (Ernst & Young LLP, 2015). However, to continue its success, Netflix must evolve with its business strategy, evaluate the company’s outlook, minimize risk factors, and analyze the auditor’s report that will help investors identify as relevant to an investing decision. Netflix has a business strategy that is composed of three business segments: domestic streaming, international streaming, and domestic DVD (Ernst & Young LLP, 2015). The two

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    (A) In the following analysis, we choose profit margin ratio for to analyze profitability and debt to equity ratio to analyze financial structure. CCA and RGP are two companies in the beverage industry; both companies have reported an increase in profit during the 2014 financial year. The profit margin ratio can helps us to compare how efficient does the two companies use their resources. The debt to equity ratio helps us to measure the use of leverage and risks of the two companies. (B) CCA

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    additional evidence about the conditions that existed on the balance sheet date. This type includes events occurring up to the date of the auditor 's report. In it 's simplest form, recognized subsequent events are changes to assets or liabilities or an alteration to the estimates or summary of the financial information included in the auditors report. In other words, they require adjustments to the financial statements. An example of a recognized subsequent event is if a company resolves a legal case

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    arises, though we eventually learned how best to function together and were able to successfully complete the challenge before D4 with a significant amount of time to spare, though we did have some issues with time management in regard to the Final Report later. I have found that, although relevant skills to the task at hand, proficiency with SolidWorks or a general aptitude for mechanical engineering for example, organizational abilities, or other things of that nature, these are effectively

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    Background In order to understand financial statements better, two healthcare organizations, one for-profit and the other non-profit, will be selected and their financial statement will be reviewed. The first healthcare organization that was selected was Adeptus Health, Inc. (Adeptus), a for-profit entity. Adeptus was founded in 2002, and currently serves communities in Colorado, Texas, and Arizona, with partnerships within Ohio and Louisiana (Adeptus, 2016). The company was founded to improve

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