Auditing Essay Example | Topics and Well Written Essays - 1250 words - 1

Auditing - Essay Example 1 Fixing up the date of the audit report is the other important aspect. The date should not be earlier than the probable last date of collecting all the audit evidences to support the auditor’s opinion or the last day of the field work. AU 530 has mentioned the appropriate date while delivering additional copies of the previous report as demanded by CPA. 2 Here subsequent events refer to the events that have occurred between the balance sheet date and that of the audit report. The process to identify the events that may require changes or disclosures in the financial statement can be presented accordingly. To ensure that the subsequent events have been recognized, the auditor needs to review all the processes that have been established by the management. Careful checking of the minutes of the meeting is also required. The meeting that has been held after the balance sheet date among the shareholders, board of directors and auditors is regarded here. Diminutive observation of the interim financial statement is also required. The other way of determining the subsequent events is to make inquiry of the lawyers who are concerned with litigation and claim. Even management can also be inquired to find out the events occurred after the balance sheet date. The auditor needs to be conscious regarding certain factors; namely development of any risk factor or contingencies, unusual accounting adjustments and the status of the items those are accounted on the basis of the inconclusive data. 3 Even the departments or the components of an entity that have been audited by any another auditor, should also be audited by the principal auditor. The auditor needs to observe the events those have materiality influences on the financial statements to check whether it has been accounted properly in the financial statement. 4 The responsibility of the auditor is to evaluate the appropriateness of the process of using going

Learning Styles Essay Example | Topics and Well Written Essays - 1000 words - 1

Learning Styles - Essay Example In this model there are five ways that our brain processes: Visual, Auditory, Kinesthetic, Gustatory, and Olfactory. According to Ellerton (2003), "these modalities are the primary ways we represent, code, store and give meaning or language (linguistic) to our experiences". (par. 1). However, we work with the Visual, Auditory and Kinesthetic (VAK) areas most of the time, according to this model. The model states that we use more than one of these VAKS, depending on what we are doing. For instance, when we listen to music, we are feeling the music (kinesthetic), listening to it (auditory) and some picture is coming to mind (visual). Usually one of these is a "preferred" mode for a learner to use. Individuals have the ability to move from one to the other easily. According to this model Visual learners tend to be neat because they want to "look good." Their decision making tends to use visualization and they have insights that they share. They remember faces more than names and they want to see the big picture (Ellerton, 2003, par. 8). The auditory learner falls into two categories, either the Auditory Tonal or the Auditory Digital learner. The Auditory Tonal spends time listening to the tone of a persons voice and are paying attention to the total voice inflection. They are verbal processors and like to think out loud as they are working through a problem (Ellerton, 2003, par. 9). Auditory Digital learners usually are more thinkers and tend to work things out in their mind rather than on paper. It is more important for them to memorize "steps, procedures and sequences" (Ellerton, 2003, par. 11). Kinesthetic learners will use their senses of feeling to get in touch with their learning. They learn best by moving, touching and feeling. They also make decisions based on their feelings (Ellerton, 2003, par. 12). The Myers Briggs Type Indicator (MBTI) is a personality test