09882243490 Master of Business Administration- MBA Semester 3 MF0013–Internal Audit & Control-4 Credits (Book ID: 1733) Assignment (60 Marks) Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60. Q1. Describe & explain the term auditing. “Personal qualities of an auditor are important for the successful conduct of audit”. Comment Answer. Auditing is defined as a systematic and independent examination
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Beginning the Audit Report ACC/546 Auditing January 12‚ 2015 Beginning the Audit Report January 12‚ 2015 Mr. Arnold Anderson Anderson‚ Old‚ and Watershed‚ CPAs‚ LLC Shoetown‚ ME 00001 Dear Mr. Anderson: This is letter is to inform you of the plans for the beginning of the audit process that we plan to take to complete the audit of Apollo Shoes. There are many parts to the process and we will discuss each within this letter. The beginning of the audit process is to describe the objectives
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techniques‚ and introduction of new packaging. None of these external risk factors produce a going concern for Coca Cola Company at this point. They should be monitored and updated in the coming years to reassess for the potential of going concern. Nature of Business: The Coca-Cola Company is the world’s leading owner and marketer of nonalcoholic beverage brands. Incorporated in September 1919 under the laws of the state of Delaware and succeeded to the business of a Georgia corporation with the same
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Internal Control Audit Standards a. For what purposes should an auditors’ understanding of the internal control components be used in planning an audit? An auditors’ understanding of the internal control components should be used for 3 reasons: a) To identify the potential misstatement that might occurs b) To identify the factors that affect the risk of material misstatement c) To influence the design of substantive procedures b. What is required for an audit team to assess
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TERM PAPER OF STRATEGIC MANAGEMENT STRATEGIC AUDIT VODAFONE SUBMITTED TO:Mr. Amit Kumar Lal SUBMITTED BY:ARUN KUMAR GULERIA Section T1801 Roll No. RT1801A02 Program Code: 194 Reg. No. 10807166 LOVELY PROFESSIONAL UNIVERSITY LOVELY INSTITUTE OF MANAGEMENT (LIM) 1 © ARUN GULERIA | arun_guleria@ymail.com ACKNOWLEDGEMENT In order to make my project I acknowledge a special thanks to all those people without whose supports it would not be possible for me to complete for me to complete my
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Beginning the Audit ACC 546 June 11‚ 2012 Anderson‚ Olds and Watershed Phoenix‚ Arizona 85003 Mr. Larry Lancaster Apollo Shoes Phoenix‚ Arizona 85003 Dear Mr. Lancaster‚ The purpose of this letter is to make sure we have an understanding as to what the audit of Apollo Shoes financial statements will consist of for the year ending December 31‚ 2011. The objective of this audit of the company’s financial statements is to confirm that all aspects of the company are in compliance
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Adidas stores worldwide were 1804 in 160 countries. Adidas History The company traces its origins to 1924‚ when Adolf Dassler and his brother Rudolf Dassler began a small shop factory in Herzogenaurach named Dassler brothers shoe factory. During 1928 to 1936‚ Adolf Dassler equipped couple Olympic athletes; one of them is 2 four gold medals winner Jess Owens‚ it was the first step to expand his business internationally. However‚ the brothers split up in 1948‚ Adi founded Adidas and registered
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Audit in private and public sector * Research problem Private companies have lack of confidence‚ since they are not sure for property of financial records. Procedures and numbers of company are not reviewed regularly. Most importantly‚ internal controls are getting poorer‚ and reliability of financial statements is not attaining progress. In addition‚ errors on tax payment are influencing the yearly activity of company. All these pitfalls happen as result of ignores of annual audit. Many
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O N O T C O PY Red Bull Brand Audit Report D BRAND AUDIT REPORT MURTUZA VAID Page | 1 Red Bull Brand Audit Report CONTENTS 1. EXECUTIVE SUMMARY ............................................................................................................................ 3 2. BRAND INVENTORY .................................................................................................................................. 4 2.1. History .....................
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complex environment. To be competitive in dynamic environment‚ corporation has to become less bureaucratic and more flexible. 4. Explaining the term triggering events ANS: A Triggering event is something that stimulates a change in strategy. 5. Some of the possible trigging event ANS: New CEO‚ by asking a series of embarrassing question‚ the new CEO cuts through the veil of complacency and forces people to question the very reason for the corporation existence Intervention by an external
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