and Limitation of the Study CHAPTER TWO: LITERATURE REVIEW 1. Introduction 2. Types of Bank Frauds 3. Causes of Fraud 4. Effects of Fraud on Banks 5. Internal Audit function 6. Fraud and Internal Audit 7. Fraud Prevention 1. General Measures 2. Specific Preventive Measures 8. Elements of Fraud Auditing 9. Measures of Controlling Fraud in Banks 10. Statement of Internal Audit Standard No. 3 2.10.1 Deterrence of Fraud CHAPTER THREE: Research Methodology 1. Area of
Premium Internal audit Internal control Bank
assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
Premium Audit Auditing Internal control
CONTROLS IN AN EDP ENVIRONMENT The second standard of field work requires that we obtain a sufficient understanding of the client’s internal controls (I/C) to plan the audit and assess control risk. We hope that our assessment of control risk shows it to be low so that we can reduce substantive testing‚ thereby reducing audit costs. When EDP is used in significant accounting applications‚ then you must consider the effects the computer has when evaluating the internal controls. The auditor’s
Premium Internal control Auditing Financial audit
Personal Value Reconciliation Michael Piers March 1‚ 2010 CMGT 350 I.T. Organization Behavior Mark Paxton The process of changing our thoughts‚ behavior‚ values and ethics in a global setting is how we reconcile and as a result‚ conform to a socially accepted standard. This is often called normative behavior; we act according to the appropriateness of conduct deemed satisfactory to a particular group. The rules of acceptable conduct are dependent on the setting; what is right and wrong
Free Psychology Stanford prison experiment Behavior
U.S. Citizen: Bank Remittance Program I believe it is ethical for U.S. Citizen Bank to continue their remittance program and to continue to allow the matricula consular card as a proper form of identification. My argument will be that it is more ethical for U.S. bank to offer business to immigrants‚ even if they are illegal immigrants‚ but I believe that the argument that the matricula card is a valid source of identification is false. The matricula consular card is a source of identification
Premium United States Immigration to the United States
“The Tempest is more concerned with reconciliation than with revenge.” Evaluate this view of The Tempest by exploring the action and effects of the play. Revenge tragedy was a highly popular genre during the Jacobean era‚ so understandably Shakespeare would have been heavily influenced by this; one of these examples being Hamlet. Revenge tragedies carried the evident message that those who dabble in revenge will end up being hurt themselves. This is seen in the final scene of Hamlet where the
Premium The Tempest Hamlet Moons of Uranus
April‚ 2008. An accountability court also cleared Mr. Asif Ali Zardari on March 05‚ 2008‚ of five corruption charges and illegal use of property under the NRO. The Supreme Court of Pakistan on December 16‚ 2009‚ declared the (NRO) National reconciliation ordinance null and void and declared that all the cases which were active at the time of promulgation of the NRO may be reopened at the point at which they were closed. A 17-members bench of the Apex court headed by the Chief Justice Iftikhar
Premium Benazir Bhutto President of Pakistan Pakistan
Question: Define audit and accounting risk‚ give 3 specific example of each type of risk and explain why they are called audit and accounting risk. * Accounting risk is the risk that errors associated with forecasts used in GAAP accounting estimates are not properly disclosed. Accounting risk is primarily the responsibility of accounting standards. It is dealt with only indirectly in accounting standards. For example: * Bad debts on loans had an historic rate of 1% of outstanding loans
Premium Auditing Audit Internal control
ACL ADMINISTRATION PAYCHECK FILE How many records are there in database? There are 147 records in the paycheck file. How many data validity errors are there in the database? There were no validity errors in the database; all records are entered into the system‚ thus makes it all valid. What are the following totals? Gross Pay (TOTAL_GROS) = 178‚831 Taxes withheld (TOTAL_TAXE) = 36‚584 Deductions withheld (TOTAL_DEDU) = 24‚947 Net Pay (NET_PAY) = 117‚292 EMPLOYEE FILE How
Premium Salary Causality Employment
Audit Evidence This chapter deals with the types of evidence decisions auditors make‚ the evidence available to auditors‚ and the use of that evidence in performing audits. NATURE OF EVIDENCE • Evidence is any information used by the auditor to determine whether the information being audited is stated in accordance with the established criteria. • Evidence includes information that is highly persuasive‚ such as the auditor ’s count of marketable securities‚ and less persuasive information
Premium Audit Auditing Balance sheet