Lecture 1 Introduction
Two general types of tax: o Direct taxes taxes are
levied on the person who is liable to pay the tax, e.g.
income tax o Indirect taxes tax is passed onto
consumers by incorporating the taxes into the price of
goods & services, e.g.
Lecture 1: Auditing and the Assurance Environment
Describe how assurance relates to auditing
Explain what an audit is and the assurance it provides
Understand why audit services are demanded
Evaluate whether audits meet the demands of users
Lecture 1 Introduction to Financial Forensics and Business Intelligence
Data vs. Information
Data are the raw pieces of information such as a transaction record, a click stroke on an
Internet site etc.
Information is data to which business context and me