1. The client acceptance process can be quite complex. Discuss five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards and identify the applicable standards? 1. Obtain an understanding of the client ’s business and operations. Consideration should be given to reading available financial information regarding the prospective client such as annual reports‚ registration statements‚ Forms 10-K‚ other reports to regulatory
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The Ocean Specific Purpose: To inform my audience about the ocean and the benefits the ocean has on us. Central Idea: We have not discovered a majority of the ocean and I wanted to share why we have not done that. To inform that the ocean is very valuable and that we need to spend more time on really discovering what is down there. Introduction I. The ocean covers more than 70% of the planet’s surface. II. 95% percent remains unexplored‚ and unseen by the human eye. III. Over one million
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Financial Management Read ‘Ocean Carriers’ and answer the following questions: Ocean Carriers uses a 9% discount rate. 1. Do you expect daily spot rate to increase or decrease next year? - The expected daily hire rates drives the daily spot rates higher. So we are expecting the higher daily spot rates under higher expected daily hire rates. 2. What factors drive average daily hire rates? - Demand in iron ore shipments‚ - World economy‚ strong economy in western countries will raise
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Seas and oceans provide various types of resources to human beings and habitats to numerous species of plants and animals. They play very important roles in the economy of a nation and its people. Still‚ the marine and coastal ecosystems are under severe stress due to human activities. Ocean Resources The ocean is one of Earth ’s most valuable natural resources. It provides food in the form of fish and shellfish—about 200 billion pounds are caught each year. It ’s used for transportation—both travel
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Ocean Carriers Inc. A Case Study By ab Introduction • Ocean Carriers Inc. owned and operated cape-size dry bulk carriers worldwide. • Major Cargo type : Iron ore. • Vessel sizes : 80000 DWT to 210000 DWT. • Cape-size carriers travel around Cape Horn rather than the Panama Canal due to size constraints. Operations Maintenance Maintaining Supplies And on board Stores Supply of Lubricants Cargo Operations Repairs Insurance Business Model • Mostly chartered
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Ocean Turns Into Plastic Island? Could Happen Have you ever wondered what happens to that plastic bottle or plastic bag that you throw away? What if I told you that the bag and the bottle are slowly killing off marine life and slowly turning our oceans into dumps? This is the case and the problem is only growing and everybody is responsible for it and everybody needs to pitch in and clean up this mess. We all use plastic because it’s convenient for us‚ but in the end it ends up killing the marine
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Imagine being a little kid‚ playing in the ocean. All the waves are crashing and you are jumping over them. Suddenly‚ you see a large amount of trash‚ beer bottles‚ plastic containers‚ and strings that hold all of it together. You remove the trash from the ocean and put it into a trashcan. By this small task‚ you have supported the sustainability of the ocean. “Sustainability is ensuring that critical social‚ economic‚ and ecological processes are maintained in a way so that both the short and long-term
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to inform my audience about ocean pollution Thesis: Polluting the ocean is a major concern for all of us living on earth; we couldn’t live without the beautiful open waters. Organizational Pattern: Topical Introduction I. Our oceans make up most of the world A. Without our oceans we couldn’t live B. Animals in the ocean are suffering more and more each day C. Beautiful coral reefs are becoming depleted little by little each day 1. (Thesis) Polluting the ocean is a major concern for all
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Part 1: 1. Describe four factors that influence ocean currents. There are many factors that influence ocean currents‚ four of the factors would be planet rotation‚ wind‚ density of water‚ and gravitation. Planet rotation causes the currents to move clockwise in the northern hemisphere and counter clockwise in the southern hemisphere. Wind blows on the surface of the ocean therefore pushing the water in the direction of the wind. Different densities in the water can cause currents to form and move
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Plastic in Our Oceans 46‚000 pieces of plastic per square mile make up 90% of our ocean’s trash accumulation (Nichol‚ 2012‚ Plastics‚ like Diamonds‚ are forever‚ para. 1). Within the areas‚ many animals will either ingest‚ become entangled in‚ or even die due to the high plastic amounts. Nearly 267 species are harmed by plastic (Nichol‚ 2012‚ Fast Facts). With such deadly effects due to yearly accumulation‚ the banning of plastic bags and reduction of usage in a household will improve overall health
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