Assignment 8.1 Handout 1. Internal controls are designed to safeguard assets‚ encourage employees to follow company policies‚ promote operational efficiency‚ and ensure accurate accounting records. Requirements R1. Which objective is most important? R2. Which must the internal controls accomplish for the business to survive? Give your reason. 2. The Sarbanes-Oxley Act affects public companies. Requirement R1. How does the Sarbanes-Oxley Act relate to internal controls? Be specific. 3. Separation
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• 4-7 Procedures To Obtain An Understanding Of Internal Control And Related Documentation: - The auditor’s understanding of the client’s internal control is usually gained through the following procedures: - A- Prior experience with the entity: - This can be a major source of audit efficiency in recurring audits. Because systems and controls usually don’t change frequently or significantly from year to year‚ information obtained by the auditor in previous audits of the entity can be updated
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Richelle A. Chiongson‚ RN March 18‚ 2013 LEGAL PROBLEMS IN NURSING 1. Describe three (3) instances in which the conduct of the professional nurse (with regards to the treatment of patients)might be a cause for possible criminal charges. a. Art. 253. Giving assistance to suicide. — Any person who shall assist another to commit suicide shall suffer the penalty of prision mayor; if such person leads his assistance to another to the extent of doing the killing himself‚ he shall
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Audit Committee Quality‚ Auditor Independence‚ and Internal Control Weaknesses Yan Zhang‚ Jian Zhou‚ and Nan Zhou* * All authors are from SUNY – Binghamton. We thank two anonymous reviewers for detailed and insightful suggestions that have significantly improved the paper. We also thank workshop participants at the 2006 American Accounting Association Auditing Midyear Meeting and the 2006 American Accounting Association Annual Meeting for comments‚ and Raj Addepalli‚ Shanshan Chen‚ Yujing
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Counter-Terrorism strategy before 9/11: Since the creation of Pakistan in August ‚1947 various governments have taken several measures to combat terrorism as well as introduced special legal measures to deal with criminals offended outside the regular criminal regime. This included‚ The public Representative Offices Disqualification Act (PRODA) 1949‚ The Elected Bodies Disqualification Order (EBDO) in August‚1959‚ Suppression of Terrorist Activities (Special Courts) ordinance 1957 and Anti-Terrorism
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RESEARCH ESSAY The more our country develops‚ the more our life conditions need to be improved. However‚ the environmental problem is so serious that it causes too much damage for our life‚ not only in many years ago but also nowadays. Have you ever heard about the Great Pacific Garbage Patch yet? It is twice the size of Texas and floating somewhere between San Francisco and Hawaii. It also has 80% plastic and weighs in at 3.5 million tons. Many attempts have been made to clean them
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Part I: Rodrik (80 points) A. Briefly summarize a key argument in the book (49): In The Globalization Paradox Rodrik contends that countries should retain the right to their preferences over the needs of the global economy. He argues that cultural and societal preferences should outweigh economic preferences. He describes this as one of the major challenges moving forward in an increasingly interlinked economy. B. Analyze the strengths and weaknesses of the argument (198): Rodrik bases his arguments
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Recommendations Based on (b)‚ the control environment sets the tone of an organization‚ influencing the control consciousness of its people. It is the foundation for all the other components of internal control‚ providing discipline and structure for the whole organization. It is important to an entity in the overall attitude and actions of managements. To overcome the weaknesses for the internal control system over sales‚ the company should have separation of the duties. The company should assign
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Testing and Monitoring Security Controls A few different types of security events and baseline anomalies that might indicate suspicious activity Different traffic patterns or influx in bandwidth usage can be considered suspicous activity. Or sevices changing port usage‚ in turn creating variaitons in normal patterns. A sudden increase in overall traffic. This may just mean that your web site has been mentioned on a popular news site‚ or it may mean that someone is up to no good. A sudden
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Preparation Resources Module 1: Introduction to internal auditing Overview The first module in this course sets the stage for your study of internal auditing (also known as “management auditing”). You consider the definition‚ development‚ and scope of internal auditing. You also consider the business environment and identify and analyze its accompanying risks. The various types of internal audits and the relationship between internal auditing and performance measurement are explained. Finally
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