BUS 426 Chapter Notes - Chapter 2: Deloitte, Grant Thornton International, Pricewaterhousecoopers

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sapphiresnake846

19 Sep 2012

School

Simon Fraser University

Department

Business Administration

Course

BUS 426

Professor

Michael Favere- Marchesi

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Document Summary

Key factors influencing the structure of public accounting. Canadian public accountability board (cpab): oversees the audits of publicly listed businesses. Responsible for issuing assurance recommendations, a framework for the auditor to use in assisting him. Ways public accountants are encouraged to perform. General standard: auditor must be competent, experienced in the client"s industry, due care (perform work diligently and carefully), free of bias. Examination: use the risk-based approach to auditing (client must be assessed in the context of the business environment and corporate governance process), audit should be well planned with supervision of assistants. Reporting: specific wording outlining auditor"s responsibilities, management"s responsibilities, the financial. Chapter 2 - the public accounting profession statements audited, the scope of the engagement and the auditor"s opinion required. Practice inspections: where auditor firms are inspected by professional associations, provincial institutes, cpab (canadian public accountancy board)

Related Questions

Case Study - 5

Breaking The Bargaining Pattern

Gilson steel is a local fabricating and supply firm. Situated in open country, far from the large steel making centers. The firm has been in business many years. About the third of employees have worked in the organization for more than ten years. Top management would like to get away from the current practice in which negotiations on wage matters and fringes follow the pattern. The firm’s president feels that industry – wide bargaining tends to divorce employees from the firm. He thinks they feel that their employer is a combination of U.S steel and bethlem steel instead of Gilson. He argues that the local firm which has prospered can do better by employees than is possible in national pattern. He says that the local conditions should be considered. His basic objection to current practice, however, is his conviction that it tends to divorce its employees from local employer. The labor relations manager has been urged to try negotiating terms at variance with the national pattern.

Answer the following questions: ·

What theory and policy do you read into the president’s suggestion? ·
How will his ideas fit into the existing pattern of public union policy? ·
Can you suggest a promising innovative approach?

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BUS 426 Chapter Notes - Chapter 2: Deloitte, Grant Thornton International, Pricewaterhousecoopers

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