Chapter 10 Multiple Choice 1. IT applications can be developed in which of the following ways? a) build the system in-house b) buy an application and install it c) lease software from an application service provider d) outsource it e) all of the above Ans: e Response: See page 302 2. The information systems planning process proceeds in which order? a) organization mission – organization strategic plan – IS strategic plan – new IT architecture b) organization mission – IS
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Ethics Auditing: Identify the benefits and limits of ethics auditing. Is there a strategic role that ethics auditing may play in a company? Ethics Auditing By definition‚ an ethics audit is a “systematic evaluation of an organization’s ethics program and/or performance to determine its effectiveness.” (1) This concept of ethics auditing is fairly new and few companies have conducted an ethics audit. However‚ performing such audits will likely become more mainstream as recent legislation encourages
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BA 305 – Chapter 9 Notes Chapter 9: Visual Media CHAPTER OUTLINE Understanding Visual Communication The Power of Images The Visual Evolution in Business Communication Visual Design Principles The Ethics of Visual Communication Identifying Points to Illustrate Selecting Visuals for Presenting Data Tables Line and Surface Charts Bar Charts‚ Pictograms‚ and Gantt Charts Scatter and Bubble Diagrams Pie Charts Data Visualization Selecting Visuals for Presenting Information‚ Concepts‚ and Ideas Flowcharts
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Chapter 1 Assurance Services The broad range of information enhancement services that are provided by CPAs There are two types: -Increase reliability of information -Putting information into a form or context that facilitates decision making Types of Services Assurance Services -Attestation Services Example: Audits of Financial Statements‚ Examinations of Internal Control -Other Assurance Services Example: CPA ElderCare Prime Plus Services Non Assurance Services -Tax Services -Management
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Business Economics MBA LIMITS‚ CHOICES AND SCARCITY ANSWERS TO END-OF-CHAPTER QUESTIONS 2-1 Explain this statement: “If resources were unlimited and freely available‚ there would be no subject called economics.” If resources were unlimited and freely available‚ making choices would not be necessary. Every person could have as much as they wanted of any good or service. Economics‚ the science of choice‚ would be unnecessary. 2-2 Comment on the following statement from a newspaper
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explain how an auditor goes about the process of auditing financial statements and presents the five basic stages that the auditor performed during the financial statement audit at Maryward Primary School in Kwekwe for the year ending 31 December 2012. In order to be in a position to fulfil auditing responsibility to report on the client’s annual financial statements‚ the auditor followed a series of procedures and activities as required by the auditing profession. The auditor applied the following
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CHAPTER 1 INTRODUCTION TO ASSURANCE ENGAGEMENTS I. Review Questions 1. Refer to page 2‚ paragraph 3 of the textbook. 2. Refer to page 3‚ paragraph 2 of the textbook. 3. Refer to page 4‚ paragraph 2 of the textbook. 4. In an assurance engagement‚ a practitioner aims to provide a high or moderate level of assurance that an assertion being made by one party for use by another party can be relied upon while in a consulting engagement‚ the practitioner aims to provide
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– 23‚000) = $99‚000 / 11‚000 hrs = $9/hr Fixed maintenance cost: | March | January | | (34‚000 hrs) | (23‚000hrs) | Total maintenance costLess: Variable cost at $9/hrFixed maintenance cost | $ 469‚000 306‚000$ 163‚000 | $ 370‚000 207‚000$ 163‚000 | 3. Manufacturing OH at 29‚500 labor hours: Machine supplies at $3/hrDepreciationPlant maintenance cost: Variable at $9/hr Fixed Supervisory laborTotal | $
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Information (FTI) By Proactive Auditing Introduction The traditional way to audit a system involves identifying issues that have already occurred‚ then reviewing audit logs to determine which relevant events are of a serious nature. While this "after the fact" or “passive” auditing is an important tool in data security‚ an auditing program requires significant resources in people‚ process and technology to effectively identify potential incidents in a timely manner. Auditing management should be
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Control risk The auditor obtains an understanding of the design and implementation of internal Control to make a preliminary assessment of control risk as part of the auditor’s overall Assessment of the risk of material misstatements. The auditor uses this preliminary assessment of control risk to plan the audit for each material class of transactions. However‚ in some instances the auditor may learn that the control deficiencies are significant such that the client’s financial statements may
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