AUDITING 4 INTERNAL CONTROL In business control is required for optimum utilizatiion of resources and for maximising the profits.business operations are carried on with the help of human agents and equipments.both require supervision to ensure that tasks assigned to them are carried out properly to avoid wastes and losses. Internal control required for small business is not identical with that required for a large business in the sense that in case of the former‚the entire control
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Information Systems has Improved Payroll Accounting Abstract Payroll accounting has been greatly improved with the invention of accounting information systems (AIS). The process of payroll is a complicated one that involves many steps. From updating the employee information to printing the checks‚ almost all areas have been improved with the help of AIS. There are many things to keep track of when processing payroll from beginning to end. Many larger companies have turned to outsourcing payroll services
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CHAPTER AUDIT PLANNING AND ANALYTICAL PROCEDURES THE FALL OF ENRON: DID ANYONE UNDERSTAND THEIR BUSINESS? 8 LEARNING OBJECTIVES After studying this chapter‚ you should be able to 8-1 Discuss why adequate audit planning is essential. Make client acceptance decisions and perform initial audit planning. Gain an understanding of the client’s business and industry. Assess client business risk. Perform preliminary analytical procedures. State the purposes of analytical procedures and the timing
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Summer 2010 Update for Auditing Assurance Services: An Integrated Approach 13th Edition and Alvin A. Arens Randal J. Elder Mark S. Beasley We are committed to providing students and faculty up‐to‐date content for use in the classroom and are pleased to provide this newsletter highlighting recent events affecting the audit and assurance profession. Pearson Prentice Hall SUMMER 2010 UPDATE AUDITING AND ASSURANCE SERVICES: AN INTEGRATED APPROACH‚ 13TH EDITION
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any audit? Explain clearly 4) What is professional clearance? What is the importance of professional clearance in auditing? 5) An audit fee is an auditor’s remuneration. In what ways can the aspect of audit fees affect auditors’ independence? 6) Explain clearly the ethical codes that are required of any professional auditor? 7) Audit planning is an important input in the auditing assignment‚ discuss. 8) Assume you are an experienced auditor with an audit firm in Dar. Your senior has requested
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Social Groups and Organization A social group is a collection of people who interact with each other and share similar characteristics and a sense of unity. • social category is a collection of people who do not interact but who share similar characteristics. • social aggregate is a collection of people who are in the same place‚ but who do not interact or share characteristics • Collective groups - These are temporary groups which are not generally governed by established norms of
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Summary 2 Methodology 3 Introduction 4 Findings 5 A. Inventory balances and purchases transactions 5 B. Trade receivables and credit sales system 5 C. Property‚ Plant and equipment (PPE) 6 D. Trade payables transactions and balances 6 Implications 8 A. Inventory balances and purchases transactions 8 B. Trade receivables and credit sales system. 10 C. Property‚ Plant and equipment (PPE) 12 D. Trade payables transactions and balances 15 Conclusion The following conclusions have been drawn
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in such particular field of industry‚ particularly for those activities that requires computation storage of information presentation security and many uses of system software by the company‚ organization and in some aspect of educational areas. One of these changes is through the use of LAN-Based Attendance Monitoring and Payroll System of Caltex Gasoline Station which is programmed automatically set the time and date employees log; so that the office assistant monitors the record and liable easily
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Copyright © 2003 by The Institute of Internal Auditors‚ 247 Maitland Avenue‚ Altamonte Springs‚ Florida 32701-4201. All rights reserved. Printed in the United States of America. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted in any form by any means — electronic‚ mechanical‚ photocopying‚ recording‚ or otherwise — without prior written permission of the publisher. The IIA publishes this document for informational and educational purposes. This document
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Measurement Systems This package has been created as a practical guide to developing performance measurements in any industry. It has been divided into the following 6 sections: 1. Introduction 2. Measurement as a management support system 3. What is a balanced scorecard? 4. Developing a customized balanced scorecard 5. Target setting and quantifying performance for incentive programs 6. New performance management system and the performance improvement process Performance Measurement Systems: 1.0 Introduction
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