Q1 (a) Highlight four control objectives that would be essential in a sales cycle (b) Outline three tests of control that should be performed by an auditor in each of the following areas: i. Cash receipts ii. Cash payments iii. Bank reconciliations (c) Summarize seven sources of internal control risks that have an impact on the financial reporting framework in an organization. Q2 (a) Outline four audit procedures you would carry out to verify the following items: i. Leased property
Premium Audit Internal control Auditing
control framework used to conduct its assessment of internal controls. Discuss the options in selecting a control framework. Regarding the control framework‚ the SEC has made specific reference to COSO as a recommended model. Furthermore‚ the PCAOB Auditing Standard No. 5 endorses the use of COSO as the framework for control assessment. Although other suitable frameworks have been published‚ any framework used should encompass all of COSO’s general themes 24. Prior to SOX‚ external auditors were required
Premium Audit Auditing
Why has interactive marketing grown as quickly as it has? Analysis Brands has increasingly executed interactive marketing campaigns in an effort to gain customer attention. Conventional approaches to marketing involve brands sending out a radio broadcast‚ tv spots or print campaign in the hopes that people will take notice‚ interactive marketing‚ on the other hand‚ has involved the consumer interaction‚ the customer is actively getting
Premium Marketing Advertising
Chapter 1- Demand for Audit and Assurance Services Assurance Services- Are the independent professional services that improve the quality of information for decision makers. Individuals who are responsible for making business decisions seek assurance services to help improve the reliability and relevance of the information used as the basis for their decisions. Assurance services are valued because the assurance provider is independent and perceived as being unbiased with respect to the information
Premium Certified Public Accountant Auditing Financial audit
Mälardalen University School of Sustainable Development Of Society And Technology EFO705-Master thesis BUDGETARY AND MANAGEMENT CONTROL PROCESS IN A MANUFACTURING: CASE OF GUINNESS NIGERIAN PLC. BY: AMALOKWU OBIAJULUM JOHN LAWRENCE NJILEFACK NGOASONG ABSTRACT Date : June‚ 2008. Level : Master Thesis EF0705‚ 10 points (15credits) Authors : Amalokwu Obiajulum John (820821) Lawrence Njilefack Ngoasong (770901) Title : Supervisor: Budgetary and Management
Premium Strategic management Management Strategic planning
InterActiveCorp Based on the article about InterActiveCorp‚ the corporate level strategy is gaining acquisitions in travel‚ finance‚ and classified ads. This sounds like a horizontal merger and acquisition strategy because of the range of services that IAC has been acquiring. Their focus seems to be mostly travel and entertainment companies. These include companies like Match.com‚ Expedia‚ and Hotels.com. As for the restructuring strategies for IAC‚ Barry Diller is trying to focus on businesses
Premium Mergers and acquisitions Management Strategic management
Dell case According to the 10-K filed on 30/13/2012 on Dell’s website‚ the following data has been appeared on the fiscal 2012 financial statement. Sales: 62‚071 Total Assets: 44‚533 Net income: 3‚492 Cash flows from operating activities: 5‚527 Number of employee: 2012 109‚400(106700 regular employee and 2‚700 temporary employee) 2011 103‚300(100‚300 regular employee and 3‚000 temporary employee) 39‚900 located in USA and 66‚800 in other countries Dell’s products Dell’s products
Premium Balance sheet Audit Revenue
Content Executive summary 1. 0 Business operation of REX 1.1 Nature of revenue sources 1.2Conduct of operation 1.3 Products and services 1.4 Market conditions and competition 1.5 Regulatory environment 2.0 PEST analysis 2.1 Political 2.2 Economics 2.3 Social 2.4 Technical 3.0 Audit risks 3.1 Measurement risk of aircraft 3.2 Revenue manipulate risk 3.3 Derivative financial instruments risk 3.4 Employee benefit risk 4.0 Internal control Reference Executive summary
Premium Airline Financial statements International Financial Reporting Standards
INTRODUCTION TO INTERACTIVE MULTIMEDIA Interactive media normally refers to products and services on digital computer-based systems which respond to the user’s actions by presenting content such as text‚ graphics‚ animation‚ video‚ audio‚ games‚ etc. Though the word media is plural‚ the term is often used as a singular noun. Interactive media is related to the concepts interaction design‚ new media‚ interactivity‚ human computer interaction‚ cyberculture‚ digital culture‚ and includes augmented
Premium Education New media Interactive media
Introduction to Business Winter 2006 An Approach to Case Analysis Winter 2006 What is a Case Study? A case study is a description of an actual administrative situation involving a decision to be made or a problem to be solved. It can a real situation that actually happened just as described‚ or portions have been disguised for reasons of privacy. Most case studies are written in such a way that the reader takes the place of the manager whose responsibility is to make decisions to help
Premium Decision making Case study