business processing. The purpose of this audit is to evaluate the access and security internal controls related to the XYZ and to assess whether there are internal control weaknesses that could allow errors and irregularities to go undetected. Audit Scope. Based on an initial risk-based assessment plus a discussion with client‚ the scope has been defined as the 3rd floor VIP rooms and all access points to those rooms. The QTTR audit team has categorized the audit area into three main sections for
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1. What do you expect to drive a company’s price-to-book equity and price-to-earnings multiples? PE ratio is expected to be affected by various factors include company earnings‚ payout ratio‚ growth rate and cost of equity. From the dividend discount model we know that P0=EPS0×Payout ratio×(1+gn)r-gn ‚ thus P0EPS0=PE ratio=Payout ratio×(1+gn)r-gn. Thus we see that the PE ratio is an increasing function of the payout ratio and the growth rate and a decreasing function of the riskiness of the firm
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How should a company account for the legal costs of formation? Should the accounting treatment be the same as that for underwritten and other share issue costs? Generally it is recorded as the asset but as it does not have any economic future benefits to the company and it occurs only once so it should be treated as intangible assets. Under paragraph 69 of AASB 138‚ intangible assets does not allow the initial cost to be treated as an asset which needs to be treated as an expense and should be
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Part I.c – Summary of Observations Including Assessment of Business Risk Based on the financial ratios calculated‚ it appears that Pinnacle Manufacturing (the “Company”) is both using up cash assets and increasing its debt. The Cash Ratio has declined each of the past three years indicating that the Company has a decreasing ability to pay its current liabilities from cash and will be required to liquidate assets to pay off current liabilities. The Current Ratio has also declined each of the
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A. Review Part II and identify information that affects your assessment of acceptable audit risk. Note that only some of the situations in Part II will relate to acceptable audit risk. Classify the information based on the three factors that affect acceptable audit risk. • External users’ reliance on financial statements o There is a large amount of debt for a publically held company‚ and the financial statements will be used rather extensively. o Situation 6: the board of directors has decided to
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Part A - Acceptable Audit Risk and Engagement Risk Issues: External users’ reliance on financial statements: Pinnacle Manufacturing Company is a privately owned‚ however it relays on loans and has a substantial amount of debt. For that reason‚ the financial statements are extremely useful to investors. Pinnacle management is planning to sell their Machine – Tech division if profits don’t increase in the coming years. If Pinnacle sells‚ the financial statements will be extremely important
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Interdisciplinary Journal of Research in Business Vol. 1‚ Issue. 3‚ March 2011(pp.47-61) The role of employee engagement in work-related outcomes Dr. Padmakumar Ram Director of Experiential Education & Associate Professor‚ School of Management‚ New York Institute of Technology‚ Sixth circle - Zahran Street‚ P.O. Box 840878 Amman 11184‚ Jordan E-mail: pram01@nyit.edu Dr. Gantasala V. Prabhakar Department Assessment Director & Assistant Professor‚ School of Management‚ New York Institute
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Engagement A. Engagement is the last phase in a boy and girl relationship before they get married. This is set as soon as the couple pledges to get married. It is a stage where a man and a woman have already decided greater involvement and deeper attachment to each other. In Cebu‚ Philippines‚ after the courtship stage and the girl decides that she also would like to take the suitor’s offer of love and commitment‚ then the girl will give her favorable answer to the suitor. At times it takes months
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Question 1 (Statement of the Problem) Pinnacle Machine Tool Company is an example of an opportunity and a problem that needs to be examined. The CEO of Pinnacle‚ Don Anglos‚ has the opportunity to acquire Hoilman Inc. If Pinnacle Machine Tool Company acquires Hoilman Inc‚ they have the resources to develop software that transmits real-time information on its customers’ equipment. This advantage will enable the company to upgrade itself and be more sufficient to its customers. However‚ CFO and
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Beauty Of Pinnacle At Duxton – An Overview Pinnacle at Duxton is the tallest unique housing project completed in 2009 situated in Singapore.80% of Singapore people living in Government houses. Because constructing a house in Singapore is very costly. Pinnacle is one of the important Government house in Singapore. It is the world’s first housing project that links seven towers with two sky bridges. Pinnacle has two longest sky garden of 500meterplaced in 26th and 50th floor. It have a total of 1848
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