Safeguards Objective Assessment a) The lending of staff by the firm to an audit client may create a self-review threat. (APES110.290.142) Referring to APES110‚290 142‚ it states that if the firm lend the staff to audit client‚ and it will create the self-review threat. The possible safeguards are as following: Pay more attention on the work done by the loaned staff while in audit engagement. Do not assign any audit responsibility to the task that is performed by that loaned staff. Remove
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otorisasi tarif ( rate authorization form ) : formulir yang mengotorisasi tingkat/tarif gaji. 4. Kartu absen ( time card ) : dokumen yang menunjukkan jam berapa seseorang pegawai mulai bekerja dan jam berapa selesainya serta jumlah jam kerja setiap harinya. 5. Tiket waktu pekerjaan ( job time ticket ) : dokumen yang menunjukkan pekerjaan khusus pengujianyang dilakukan pekerja pabrik untuk waktu tertentu. 6. Cek gaji ( payroll check ) : cek yang diberikan kepada pegawai atas jasa yang telah diberikan
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Overview of Audit Closure & Reporting The audit report should serve the fundamental purpose of informing‚ persuading‚ & getting the desired improvements implemented. ◆ Inform the audience with required background‚ evidence‚ and conclusions of the issues. ◆ Persuade the audience on the impact of risks & concerns on the business in case adequate mitigation / control measures are not implemented. ◆ Obtain feedback from the management in the form of agreed corrective action plan with target
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CLINICAL AUDIT LITERATURE AND EVIDENCES [ARTICLE] Audit is currently defined as a cyclical activity incorporating both systematic evaluation of the quality of clinical practice and action .The aim of audit is to establish the extent to which actual clinical practice compares with best clinical practice. Bowie etal(2012 It incorporates the systematic and critical analysis by nurses‚ midwives and health visitors‚ in conjunction with other staff‚ of the planning‚ delivery and evaluation
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IP Audit Mrs. C. Arthi Gandhimathi Dr. K. Gopalakrishnan Research Scholar Member‚ Board of Governors Anna University Coimbatore National Design and Research Forum Coimbatore – 641 047 Bangalore – 560 001 e-mail: arthibala2009@gmail.com Abstract The single most compelling reason for any company‚ particularly an SME‚ to conduct an intellectual property (IP) Audit. But what should be measured and how can we begin the process? An IP Audit is defined as a systematic
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Week 6 Case Analysis MKTG 301 1. Harris told Houston that he needed a couple of weeks to think about his proposal. How should Houston handle this? Harris is using what is called a time objection also known as stalling technique. In this particular case study Harris already has the need fulfilled by a different supplier and while they have had a few late deliveries Harris need to determine if it worth going through all of the work to get set up a new vendor. The time objection is often
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accounts in each Division‚ for which you believe there is a concern about material misstatements. Use a format similar to d. (10 Marks) Part 2 The purpose of Part 2 is to identify factors influencing risks and the relationship of risks to audit evidence. During the planning phase of the
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6-3 Case Study Strategic planning refers to a course of action for outlining organizational objectives‚ carrying out planning to achieve those objectives‚ and measuring the usefulness of those strategies (Kovner & Knickman‚ 2011). How will the organizational performance at Montefiore be measured? Performance measures are important for it improves communication internally among their employees and externally between the organization‚ customers‚ and stakeholders. After all‚ Montefiore effective communication
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Question 11. 25 Your firm has been engaged to audit the financial statements of Haven Ltd. In obtaining an understanding of internal control relating to credit sales‚ the following questionnaire is used: 1 Does the company evaluate the customer’s credit history‚ and is amount of available credit checked before a sale is authorised? Select a sample of credit order and inspect credit history and other supporting documents. Review the policy/procedure for customer approval and setting of
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The internal audit function plays a key role in assisting the board to discharge its governance responsibilities. Yet how does the board – and its audit committee – satisfy itself that internal audit is functioning effectively and efficiently? The board’s responsibility for internal controls Through working with a broad range of organisations in Australia and internationally‚ KPMG has identified a number of better practices in relation to the role played by the board audit and/or risk
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