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    Internal Auditing notes

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    ACC621 Midterm review Internal auditing is an independent objective assurance and consulting acitivity designed to add value and improve an organizations operations. Adding value is provided by improving opportunities to achieve organizational objectives identifying operational improvement reducing risk through exposure through both assurance and consulting. Auditing has its key components - accomplish objectives -evaluate and improve effectiveness of risk management -assurance and consulting

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    Com 100 – 22527 Chapter13 Presenting a Speech Confidently and Competently Introduction Styles of Delivering a Speech 1. Some speeches are impromptu P.282 2. Some speeches are extemporaneous P.282-283 3. Some speeches are scripted P.283-284 4. Some speeches are memorized P.284 Managing Public Speaking Anxiety 1. Public speaking anxiety is a common form of stress P.285 A. Psychological effects of public speaking anxiety B. Physical effects of public speaking anxiety C. Behavioral effects

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    The Act of Supremacy in 1543 made an abundance of people irate‚ this anger resulted in the Pilgrimage of Grace taking place. There were many people that opposed this movement and many that favored it. The Oath of Honorable Men (doc.1) shows a goal of the Pilgrimage of Grace. It states how you cannot enter the pilgrimage for worldly gain but only for your love of God. It also states‚ and to expel evil counselors which was a clear goal of The Pilgrimage of Faith. The best way to figure the cause of

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    POINT/COUNTER-POINT: Has the Futures Market Created More Uncertainty for Stocks? POINT: Yes. Futures contracts encourage speculation on indexes. Thus‚ an entire market can be influenced by the trading of speculators. COUNTER-POINT: No. Futures contracts are commonly used to hedge portfolios‚ and therefore can reduce the effects of weak market conditions. Moreover‚ investing in stocks is just as speculative as taking a position in futures markets. WHO IS CORRECT? Use the Internet to learn

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    Tropical Africa and Asia (1200 – 1500) Ibn Battuta 1. Young Muslim scholar 2. Completed the pilgrimage to mecca 3. logged 75‚000 miles of travel in 29 years 4. Powerful states and commercial systems were only made possible by local farmers‚ fishermen and pastoralists Tropical Lands and Peoples The Tropical Environment 1. Africa lies almost entirely within the tropics‚ as do southern Arabia‚ most of India and all of the Southeast Asian mainland and islands 2. In the lands around

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    problem 1 step 1 data input plan A level aggregate plan using inventory and back orders cost data regular time labor cost per hr 10 step 2 production rate overtime labor cost per hr 15 total demand 34000 34000 subcontracting cost per unit labor only 84 number of periods 6 400 holding cost per unit per period 10 33600 net inventory demand back order cost per unit per period

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    Auditing and Control

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    Dilemma Four – Long Association with the Audit Client 8 Dilemma Five – Commencement in Practice 9 Dilemma Six – Financial Interest in a Client 10 Dilemma Seven – Business relations with audit clients 11 Dilemma Eight - Policies and Procedures 12 Appendix 1 – Accounting services - dos and don’ts 13 Appendix 2 – Accounting services - examples of threats and safeguards 14 Appendix 3 – Non-audit services – sample audit work paper Appendix 4 – Sample audit planning letter

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    Comtemporary Auditing

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    Campbell Soup Company 1. Identify legitimate business practices that corporate executives can use for the primary purpose of manipulating or “managing” their company’s reported operating results. Are such practices ethical? Defend your answer. Some examples of legitimate business practices that executives can use to manage their company’s reported operating results include: offering customers extended payment terms at the end of the a period to accelerate sales‚ recording generous reserves

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    Andrea The Scarlet Letter-Analysis of chapters 13 & 14 In Nathaniel Hawthorne‚ The Scarlet Letter Chapters 13 and 14 has a real importance to the novel. One of Hawthorne’s key ideas in the two chapters is the change of Hester. Hawthorne is also trying to emphasis the theme element of identity. The bound of Humanity is also of great value to the book. The thematic elements that are present in Chapters 13 and 14 help create the importance of Nathaniel Hawthorne‚ The scarlet Letter. Throughout the

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    Section 1 1. Define mutualism and commensalism. Mutualism- Both are benefited Commensalism- One benefits the other doesn’t care. 2. Give examples of mutualism. Oxpeckers (a type of bird) and Zebras‚ the Oxpecker picks ticks and parasites off of the Zebra. The oxpecker gets food and the Zebra gets pest control. 3. Explain why most parasites do not kill their host. Why is it in their own best interest to keep their host alive? If a parasite kills its host the parasite will most likely die too Section

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