SEMESTER 1‚ 2013 SEMINAR 9 - PROBLEM QUESTIONS PROBLEM 9.1 While assessing the risk of material misstatement and determining the appropriate response with regard to the inventory of Ace Computers Ltd (Ace) for the year ended 30 June 2011 audit‚ you become aware of the following information: 1. The best-selling computer presentation package has been experiencing a high level of returns owing to suspected software problems. 2. Based on closing inventory‚ inventory turned over
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and density than a disturbed habitat. The experiment will investigate the sample area’s using the method of Quadrant sampling. Quadrants are placed in a grid pattern on the sample area. The occurrence of organisms in these squares is noted. It is used to estimate population parameters when the organisms present are too numerous to count in total. In this case‚ Quadrant sampling will be used to estimate and compare population species diversity and density of a abandoned lot and a city pathway using
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Chapter 1 An Introduction to Business Statistics True/False 1. A population is a set of existing units. Answer: True Difficulty: Easy 2. If we examine some of the population measurements‚ we are conducting a census of the population. Answer: False Difficulty: Medium 3. A random sample is selected so that on each selection from the population every unit remaining in the population has an equal chance of being chosen. Answer: True Difficulty: Easy 4. A process is in statistical control
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What is an HR audit? : What is an HR audit? An HR audit is a process to review implementation of your institutions policies and procedures‚ ensure compliance with employment law‚ implement best practices and educate your managers. HR Audit refers to an examination and evaluation of policies ‚ procedures and practices to determine the effectiveness of personnel management. HR AUDIT COVERS : HR AUDIT COVERS MEASUREMENT & EVALUATION OF PERSONNEL PROGRAMMES ‚ POLICIES‚ & PRACTICES.
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AUDIT METHODOLOGY A systematic environmental audit consists of 3 main stages: Pre-Audit On-site Audit Post Audit All 3 stages need to be fulfil in order to complete the audit procedure on water quality management which to ensure clean water is to be preserved to be consumed by the end user. Pre-Audit Pre-audit is the first step in the audit procedure. During a pre-audit‚ a company or individual’s financial documents are examined to ensure that all information is correct before the company or individual
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Samples and Sampling The term "sampling‚" as used in research‚ refers to the process of selecting the individuals who will participate (e.g.‚ be observed or questioned) in a research study. A sample is any part of a population of individuals on whom information is obtained. It may‚ for a variety of reasons‚ be different from the sample originally selected. Samples and Populations The term "population‚" as used in research‚ refers to all the members of a particular group. It is the group of
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Audit Objectives: a. Determining that cash on hand as shown in the general ledger is represented by currency and coins on hand. b. Determining ownership and proper accountabilities c. Ascertaining that cash balances are available without restrictions. Audit Procedures: a. Examination of cash proof sheets and tracing of their totals to the general ledger b. Test tracing of deposit or withdrawal slips to individual subsidiary ledgers and vice
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sharing your opinions with others. Many of you already have commented to these issues‚ but I would like to recap once more for your own organization and study aid. 1. What are several red flags that E&Y either was or should have been aware of in the audit of HealthSouth? E&Y was aware that there was an undue emphasis on analysts’ reaction to quarterly profits. They were also aware of the centralized power exerted by Scrushy. Other red flags included the high turnover in the CFO position‚ and the rapid
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scale: 1. not at all‚ 2 somewhat‚ 3 very (a) Suppose you take random samples from the following groups: freshmen‚ sophomores‚ juniors‚ and seniors. What kind of sampling technique are you using (simple random‚ stratified‚ systematic‚ cluster‚ multistage‚ convenience)? Answer: For all students I would use the convenience sampling. The reason I would use this method is because college students often are very busy between school and work there is not very much room for anything else. So I would
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Case Memo #2 In this assignment‚ students will read and analyze a case study. In response to the case study‚ students will write an analysis in business memo format‚ addressed to the Board of Directors for the company. The memo is written by the student acting as a hired consultant for the company. The case study to be analyzed‚ The Case of Plant Relocation‚ is attached. By completing this assignment‚ students will meet the outcome(s): identify ethical issues that arise in domestic
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