What is INTELLECTUAL PROPERTY? Intellectual property (IP) is a legal concept which refers to creations of the mind for which exclusive rights are recognized. Under intellectual property law‚ owners are granted certain exclusive rights to a variety of intangible assets‚ such as musical‚ literary‚ and artistic works; discoveries and inventions; and words‚ phrases‚ symbols‚ and designs. Common types of intellectual property rights include copyright‚ trademarks‚ patents‚ industrial design rights‚ trade
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Buckless‚ Steven M. Glover‚ Douglas F. Prawitt INSTRUCTIONAL OBJECTIVES • • • • • • To provide students with an opportunity to learn (by doing) how auditors identify various client and audit risks. The case also provides students with insight into how a risk analysis ties in to the strategic audit planning process. To provide students with hands-on experience responding to client concerns and issues. Often auditing students do not realize the extent to which clients request interpretations
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Audit Proposal Brenda Pina‚ Rachel Foster‚ Maria Kight‚ Christine Twiford‚ and Clorissa Willie ACC/542 July 14‚ 2014 Professor Thomas Cappels Audit Proposal There are many different types of audits including internal‚ external‚ and information technology. Companies should be familiar with the types of audits that may possibly be used on an Accounting Information System (AIS). Knowing the different types of audits and where they are used will help a company be ready for an audit and make
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concerned with ensuring that these resources and competencies are understood and evaluated - a process that is often known as a "Strategic Audit". The process of conducting a strategic audit can be summarised into the following stages: (1) Resource Audit: The resource audit identifies the resources available to a business. Some of these can be owned (e.g. plant and machinery‚ trademarks‚ retail outlets) whereas other resources can be obtained through partnerships‚ joint ventures or simply supplier
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PERSONAL PROTECTIVE EQUIPMENT Hazards exist in every workplace in many different forms: sharp edges‚ falling objects‚ flying sparks‚ chemicals‚ noise and a myriad of other potentially dangerous situations. Controlling a hazard at its source is the best way to protect employees. Depending on the hazard or workplace conditions‚ the use of engineering or work practice controls to manage or eliminate hazards to the greatest extent possible. When work practice and administrative controls are
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Although Intellectual property can be catorigized under many aspects‚ not every idea the mind can think is included. The legal definition of intellectual property often abbreviated IP is ideas‚ inventions‚ artistic works‚ songs‚ business processes etc. In general terms is any commercialily viable product created out of a persons mental processes. The Coca Cola company for example has legal ownership of several factories‚ bottling equipment‚ trucks for transporting their product and the actual ingredient
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INTERNATIONAL STANDARD ON AUDITING 320 AUDIT MATERIALITY (This Standard is effective‚ but contains conforming amendments that become effective at a future date)* CONTENTS Paragraph Introduction ................................................................................................... Materiality ..................................................................................................... The Relationship Between Materiality and Audit Risk ................................. Evaluating
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INTERNAL AUDIT 1 Internal audit ‘Internal audit’ is an appraisal activity established by management for the review of accounting and internal control systems as a service to the entity. It reviews‚ monitors and make recommendations for the improvement of systems. Other activities include: Examination of financial information Review of economy‚ efficiency and effectiveness (‘value-for-money’ audits) Review of compliance with external laws and regulations Review of internal policies Review
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notes from the lecturer‚ Mr. Mwachiti 2. K. H. Spencer Pickett (2010). The Internal Auditing Handbook. (John Wiley & Sons Ltd) 3. International Standards on Audit‚ ISA 620. (15th December 2009). Using the work of an auditor’s expert. Page 632-652. 4. International Standards on Audit‚ ISA 210. (15th December 2009). Agreeing the terms of audit engagements. Page 9-21 5. Online ACCA F8: Auditing and Assurance course notes. Retrieved on 5th September‚ 2011 from (http://opentuition.com/acca/f8/f8-course-notes/)
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Explanation of what a marketing audit is: The purpose of a marketing audit is to review and appraise existing marketing activities and to look at the way the marketing is planned and managed‚ giving the opportunity for a systematic examination of each element of the organisations current marketing activity and achievements‚ and to objectively evaluate the effectiveness of the organisations investment in marketing. The marketing audit assists in the evaluation of the whole marketing activity‚ and
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