In some cases we have found that indents were approved‚ but the Purchase Order for same was pending till the date of analyzing the data i.e. August 12‚ 2009. As per the practice followed in the institution‚ Purchase Order should be prepared within 3 days from the date of 4th approval. In some cases materials has been issued but indent for the same is not yet closed. Therefore system still showing pending indents. It needs to be closed. The details of such cases with there reasoning
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CHAPTER 17 COMPLETING THE AUDIT ENGAGEMENT Answers to Review Questions 17-1 A contingent liability is defined as an existing condition‚ situation‚ or set of circumstances involving uncertainty as to possible loss to an entity that ultimately will be resolved when some future event occurs or fails to occur. FASB ASC Topic 450‚ “Contingencies‚” classifies uncertainties into three categories: 1. Probable: The future event is likely to occur. 2. Reasonably possible: The chance of the future
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LECTURES 2-3 CORPORATE CARBON AUDIT Agenda Carbon Footprint Concepts Why and What Carbon Measurement Standards and Procedures Emission Scopes and Conversion Factors Assignment 1 Agenda Carbon Footprint Concepts Why and What Carbon Measurement Standards and Procedures Emission Scopes and Conversion Factors Assignment 2 Carbon footprint is a “measure of the impact human Carbon Footprint activities have on the environment in terms of the amount of green house
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external financial statement audits. 1. What is the purpose of a financial statement audit? a. To confirm the accuracy of management’s financial statements. b. To provide assurance that the audited entity is financially sound. c. To express an opinion on the fairness of the financial statements. d. To provide assurance that fraudulent activities have not occurred. 2. Information risk arises from which of the following situations? a. Adverse selection threats. b. Audit risk‚ inherent risk‚ control
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characterization of Pierisin gene in P. napi The strategy was followed to amplify the Pierisin-6 gene was given in the supplementary Fig. 1. The mRNA of pierisin-6 gene was purified from the total RNA of fifth instar larvae of P. napi‚ the conserved region was amplified using gene specific primers (supplementary table-1)‚ cloned into pGEM®-T vector and sequenced. Further‚ 3’ and 5’ untranslated regions of pierisin-6 gene were identified by 3’/5’ RACE-PCR. The amplified cDNA sequence consisted of 2946 bp
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Case Study Project What is the purpose of auditing? Describe the relationship between internal controls and the audit process. Answer The purpose of an audit is to provide financial statement users with an opinion by the auditor on whether the financial statements are presented fairly‚ in all material respects‚ in accordance with the applicable financial reporting framework. An audit also enhances the degree of confidence of intended users in the financial statements. Financial audits
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Case 1 – page 6 1. How do information technologies contribute to the business success of Sew What .Inc? Give several examples. The following are information technologies that contribute to the success of Sew What. a) Computer software technology: Website • For example‚ before they put up their website (www.sewwhatinc.com) business was almost all local. Duckett admitted that business couldn’t grow optimally only by word of mouth without embracing technology. However‚ after launching website‚ they
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INTRODUCTION Internal auditing is a management-oriented discipline that has evolved rapidly since World War II. Once a function primarily concerned with financial and accounting matters‚ internal auditing now addresses the entire range of operating activities and performs a correspondingly wide variety of assurance and consulting services. By definition‚ according to Institute of Internal Auditors (IIA)‚ internal auditing is an independent‚ objective assurance and consulting activity designed to
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Quality Area 6 is an area of the National Quality Framework (2017) that articulates the importance of collaborative partnerships with families and the community‚ with the Australian Children’s Education and Care Quality Authority (2017) arguing‚ partnerships are essential for excellent outcomes for children‚ and the surrounding community. Bessie Street Children’s centre has been asked to research theories and come up with strategies and recommendations to implement to improve their practice of Quality
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WT + 15 = 20 WT = 5 6-6 Trapezoids and Kites Find each measure. 1. ANSWER: 5 COORDINATE GEOMETRY Quadrilateral ABCD has vertices A (–4‚ –1)‚ B(–2‚ 3)‚ C(3‚ 3)‚ and D(5‚ –1). 3. Verify that ABCD is a trapezoid. SOLUTION: First graph the points on a coordinate grid and draw the trapezoid. SOLUTION: The trapezoid ABCD is an isosceles trapezoid. So‚ each pair of base angles is congruent. Therefore‚ ANSWER: 101 2. WT‚ if ZX = 20 and TY = 15 SOLUTION: The trapezoid WXYZ is an isosceles trapezoid
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