Mr Engida, of Ethiopia, has had a distinguished international career in auditing and financial management for prominent international companies and also worked for the International Fund for Agricultural Development (IFAD) as Assistant Comptroller.

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Bookkeeping, accounting and auditing clerks handle the financial affairs of an association, like donations, costs of new fundraising programs and grant proposals.

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But Uppal tells us that the talk has been cancelled after concerns were raised by a financial industry client of the security auditing firm he works for, Information Risk Management.

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Deloitte Fireside Chats are interactive programs on current issues in financial regulation of interest to the accounting and auditing professions.

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Nor does the issue help the reputation of the accountancy profession, whose auditing before and during the global financial crisis has come into question.

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The board is being given incredible powers, among them the right to paw through the financial documents of clients of any accounting firm auditing the books of publicly held companies.

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He's also the chief shariah adviser to the accounting and auditing standards organization for the entire shariah compliant finance - financial industry.

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The auditing firm says that it obeyed the principles laid down by America's Financial Accounting Standards Board.

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Under Auditing Standard 5, passed in mid-2007, the audit of internal control over financial reporting is now integrated with the audit of the financial statements.

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