Q1. Components of H.R. developmental audit? ANS: There are three components:- 1: Organization and admin of H.R The organization of H.R office SOP and internal control features Admin retention rights‚ notice‚ matrix and outplacement practices Communication and appointment authorities 2: information management through documentation Personnel documentation Documenting: • Hiring‚ Working and leave information • Compensation benefits and perks • Employee profile • Performance
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udit 22-31 a. The audit program for the audit of Rakin Corporation’s capital stock account would include the following procedures: 1. Examine the articles of incorporation‚ the bylaws‚ and the minutes of the board of directors from the inception of the corporation to determine the provisions or decisions regarding the capital stock. the authorization for the sale of new issues or additional sales of unissued stock‚ declarations of stock splits and dividends in the form of cash
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controversial issue(s)‚ 3. Support your arguments 4. Answer the question - State your opinion/ conclusion Case Study 5 The answer is adapted from HKICPA FE (December 2003) Paper II Case Question 4. There is an inconsistency in the auditor’s report. The Qualified Opinion paragraph indicates that the opinion is qualified on the basis of scope limitation‚ while the Basis for Qualified Opinion paragraph suggests that the uncertain results of Lam’s negotiations with potential buyers is the reason
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will be taxable on taxable income earned in Canada because he will be employed in Canada. This taxable income earned in Canada will be computed under subsection 115(2) and taxable under Part I. He will need to file a Canadian income tax return to report the employment income earned in Canada. He will be entitled to the personal tax credits for CPP and EI. He will not be entitled to personal tax credits available to residents‚ such as the basic personal amount‚ since less than 90% of his world income
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financial statements are correct or not. B. Auditors must balance the cost of the audit with the need for precision. C. Auditors must limit their exposure to their client to maintain independence. D. The auditor’s relationship with the client is generally adversarial‚ so the auditor will not have access to all of the financial information of the company. 3. The basic purpose of a financial statement audit is to A. Detect fraud. B. Examine individual transactions so that the auditor may
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Book review In the book “The Bad Beginning” the story is about three kids and their life getting robed by a house fire. Violet Baudelaire‚ a fourteen year old girl‚ Klaus Baudelaire‚ a twelve year old boy‚ and Sunny Baudelaire‚ the baby in the family‚ In the beginning‚ the mom and the dad die in a house fire and the kids are forced to live with an evil man named count Olaf. Count Olaf is trying to steal the Baudelaire family fortune by marring Violate and then plans to kill her. During this
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The Beginning of the American Revolution “The American Revolution was the struggle by which the Thirteen Colonies fought in order to win independence from Great Britain and become the United States.” (American Revolution). But why did they want independence from Great Britain in the first place? What did the British do to anger the colonists? For starters‚ the colonists were already independent because of the lack of attention that Britain had given them in the beginning. (England’s main incentive
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Beginning with the end in mind First of all I would like to finish my studies and become a successful engineer from Mapua. I also want to have a work that will help me to support my siblings finish their studies and help my parents in our daily expenses. I want to have many friends that will make me laugh‚ help me if I’m down or even listen to my problems if I have some. Another thing is that I want to be a very good friend to them. If in the future I’ll have a wife and children‚ I would like
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important part of business strategy is concerned with ensuring that these resources and competencies are understood and evaluated - a process that is often known as a "Strategic Audit". The process of conducting a strategic audit can be summarised into the following stages: (1) Resource Audit: The resource audit identifies the resources available to a business. Some of these can be owned (e.g. plant and machinery‚ trademarks‚ retail outlets) whereas other resources can be obtained through
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GENETIC ENGINEERING: THE BEGINNINGS OF MODERN GENETICS The first scientific investigation of inheritance came from an unlikely place—a monastery garden in what later became Czechoslovakia. There in the 19th century‚ a monk named Gregor Mendel bred generations of pea plants‚ observed the way they inherited characteristics‚ and founded modern genetics. While cell science and evolution theory were advancing‚ what was happening in inheritance studies? Nothing! Mendel’s work was quickly forgotten
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