STAKEHOLDERS OF A COMPANY 1 A stakeholder is an individual or a group‚ which has a legitimate interest in a company. Interest in a stakeholder could mean several things. A stakeholder could be interested in the profits of the company‚ its ability to pay its creditors or how it gives back to the community it is operating in. The stakeholder concept was initially used in 1963 at the Stanford Research Institute through an internal memorandum‚ defining stakeholders as those groups without whose support
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Auditing and Assurance: Week 1: Chapter 1: Question 1-44: In examining the audit opinion formulation process‚ identify the areas in which auditor judgment must be made. To what extent does that judgment extend beyond accounting issues? Answer: Well in this process there are four different phases the auditors must follow in order to reach phase 5. Whereas‚ this determines whether or not there is any fairness of an organization’s financial statements and‚ for integrated audits‚ the effectiveness
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Chapter 1 Auditing and Internal Control Review Questions 1. What is the purpose of an IT audit? Response: The purpose of an IT audit is to provide an independent assessment of some technology- or systems-related object‚ such as proper IT implementation‚ or controls over computer resources. Because most modern accounting information systems use IT‚ IT plays a significant role in a financial (external audit)‚ where the purpose is to determine the fairness and accuracy of the financial statements
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Chief Auditor It is a distinct pleasure to speak to this group that uniquely blends a passionate interest in auditing standards‚ practice‚ and education. I have the honor of being the first Chief Auditor of the Public Company Accounting Oversight Board – the primary advisor to the Board on policy and technical issues related to the auditing of public companies‚ including auditing standards‚ and the head of the PCAOB’s professional standard-setting division. However‚ the views I express today
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on Internal Audit and Corporate Governance‚ 7-8 April 2005 (Cass Business School‚ London). We would like to thanks all participants for their constructive feedback. 1 D/2005/7012/22 Abstract In addition to a number of quantitative studies in this area‚ this study wants firstly to elaborate in a complementary qualitative way how internal auditors perceive their current role in risk management within the Belgian context where internal auditing is a relatively young profession. Secondly‚ we
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Exam International Economics Academic Year 2011 -2012 Questions and Answers Question 1 Chapter 5 Suppose‚ as a result of various dynamic factors associated with exposure to international competition‚ Albania’s economy grew‚ and is now represented by the rightmost product ion possibility frontier in the figure above. a) If its point of production with trade was point c‚ would you consider this growth to be export -biased or import biased? b) If Albania were a large country with respect to
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lifetime. Comprehensive sexual education should be taught in schools over abstinence-focused sex education. In abstinence-only education‚ it is highly stressed that premarital sex will lead to social‚ physical‚ and psychological consequences‚ and that abstinence is the only acceptable way to guarantee a life of moral integrity. A comprehensive curriculum may include topics like consent and power‚ sexuality and identity‚ safer sex and contraception‚ and communication and values. Comprehensive curriculums
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Comprehensive Sex Education vs. Abstinence-Only Effectiveness of Comprehensive Sex Education Programs vs. Abstinence-Only Programs By A. Marie Butler February 2011 University of Phoenix‚ Axia College University Composition and communication II Abstract Sex education is an important tool to students and youth today so they can make crucial life decisions. Educational Institutions should implement special programs to support knowledge regarding safe sex practices along
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Project management-Chapter 8 review questions 1. How does resource scheduling tie to project priority? -resource scheduling is directly tied to the project priority‚ because of the amount of available resources. The resources available will automatically go towards the project with the highest priority assigned by the organization’s objectives. 2. How does resource scheduling reduce flexibility in managing projects? -Resource scheduling will reduce the flexibility because the scheduling
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1. An audit charter should: A. be dynamic and change often to coincide with the changing nature of technology and the audit profession. B. clearly state audit objectives for‚ and the delegation of‚ authority to the maintenance and review of internal controls. C. document the audit procedures designed to achieve the planned audit objectives. D. Outline the overall authority‚ scope and responsibilities of the audit function. Answer:_____D______________________ 2. Which of the following
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