Management and Organizational Studies 1023A/B Lecture Notes - Lecture 5: Harmonized Sales Tax, Audit Evidence, Financial Statement

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1023A/B
• Professor: Christina Maco

Document Summary

Tutorial: thurs, oct 20th, 8:30-10 am, ssc 2050. Making sure they are charging the tax properly and reporting to government (complying with. Checking the company is deducting the correct amount of income tax. Having the reduction for cpp, and ei (employment insurance) I want to deduct but the government controls how much you can deduct. You can deduct, but is a different amount you put in your income statement. They are independent, objective assurance and consulting activity designed to add value and improve an organization"s operations. It helps a company accomplish its objectives by bringing an approach to evaluate and improve effectiveness of risk management, control and governance processes. Reliability and integrity of financial and operational information. Report to audit committee within the (board of directors) Companies prepare information to be used by financial decision makers. These companies do so to obtain loans or sell stock. Users are a naturally skeptical of the financial information.