In accounting and auditing‚internal control is defined as a process effected by an organization’s structure‚ work and authority flows‚ people and management information systems‚ designed to help the organization accomplish specific goals or objectives.[1] It is a means by which an organization’s resources are directed‚ monitored‚ and measured. It plays an important role in preventing and detecting fraud and protecting the organization’s resources‚ both physical (e.g.‚ machinery and property) and
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and the way these choices respond to incentives‚ interact‚ and are influenced by government. Microeconomics involves the analysis of how consumers make decisions about what to consume‚ how firms decide what and how much to produce‚ and how the interactions of consumers and firms determine how much of a good will be sold‚ and at what price. Many interesting questions can be approached by applying the methodology developed. For example‚ how will a cut in price of V3 Motorola hand - phone affect the
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prepared by the concerned Executing Agencies. The concerned Technical Section in consultation with other technical sections i.e; Physical Planning & Housing‚ Manpower‚ Governance and Environment sections undertake the technical appraisal‚ wherever necessary. This covers engineering‚ commercial‚ organizational and managerial aspects‚ while the Economic Appraisal Section carries out the pre-sanction appraisal of the development projects from the financial and economic points of view. Economic appraisal
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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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functions have certain basic characteristics that permit transient and steady-state analyses of the feedback-controlled system. Five factors of prime importance in feedback-control systems are stability‚ the existence and magnitude of the steady-state error‚ controllability‚ observability‚ and parameter sensitivity. The stability characteristic of a linear time-invariant system is determined from the system’s characteristic equation. Routh’s stability criterion provides a means for determining stability
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Bridgeton Industries: Automotive Component & Fabrication Plant DESCRIPTION. The Automotive Component & Fabrication Plant (ACF) was a major supplier of components for the domestic automotive industry‚ the original plant site for Bridgeton Industries. ACF was a long-term business since the early 1900s. The market of ACT’s production was growing and dominated by U.S. automobile manufacturers‚ ACF faced less competition pressure because most competitions from local suppliers and other Bridgeton plants
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The components of any organisations Macro environment must seriously be considered when any decision is to be made. This is called an environmental analysis. They are as follows; Political: With politicians in charge of policy changes and some law changes on must look at policies in place and how they may affect the plan. Marketers must consider how stable the political environment is‚ the influence that politicians can have‚ Government trade agreements and taxations and government rebate policies
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Cycle Component 4: Expanding Contexts and Applying Learning Context When addressing the Component 4 requirement‚ I considered a class of third graders who are reading approximately one grade level below their same age peers. This reading group consists of three English Learners and three struggling readers who receive Title 1 reading services. The students participate in an alternative reading program‚ eighty minutes daily. Identify a List of Target Terms for Big Idea invention‚ patent‚ applications
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: Control Systems Kaplan University Abstract This paper will first explain exactly what a control system is and the purpose it serves. Next‚ this paper will turn its focus towards an incident of misreporting hours that happened in Dalman and Lei’s growing business‚ Sandwich Blitz Inc‚ and how the situation should be handled. The four step control process will be implemented and used accordingly to solve this problem within the company. Sandwich Blitz Inc.: Control Systems Control is
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Unit 9 M1 Describe how the components of a balanced diet contribute to an individuals health at different stages. A balanced diet is food intake that includes all of the dietary needs of the organism in the correct proportions. In order to live a healthy lifestyle all individuals must have a balanced diet. A balanced diet is not about just eating fruit and vegetables‚ it is all based on eating the right adequate amount from the 5 food groups. Each food group has a purpose to the human body which
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