Example auditing case 1)” Based on the information given in this case and your knowledge of auditor’s reports‚ identify the deficiencies in the draft of the proposed report. Do not redraft the report‚ but provide justification or explanation for each of the deficiencies you identify” (Pany‚ Auditor’s Report‚ 2010). A. In the Introduction paragraph it states “As discussed in Note K to the financial statements‚ the Company has properly disclosed a subsequent event dated March 14‚ 20x9” (Pany‚ Auditor’s
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Introduction to Marketing Final Exam M2: Explain the limitations of marketing research used to contribute to the development of a selected organisation’s marketing plan. There are 3 types of limitations of market research. These are; * Cost effectiveness of data collection * Reliability of data collected * validity of data collected Costly: Marketing research is a costly affair. It needs a lot of money to conduct various market research activities. Huge funds are required
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Limitations of Ratios used for analysis: 1. Inflation will distort a firm’s balance sheet and a trend analysis may not give a true picture of the firm’s financial performance. 2. Different fiscal year‚ example‚ a firm may have a fiscal year that ends on June 30‚ whereas another company in the same industry may have a fiscal year ends on 31 . 3. Financial analysis is performed on historical data mainly for the purpose of forecasting future performance. The historical relationships may not continue
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“Congress shall make no law respecting… petition the government for a redress of grievances.” This amendment is very powerful but cannot be overly abused. Over time the freedom of speech has been constricted. There are many court cases that display the limitation of free speech. Environmental factors and certain materials are not covered in free speech. To understand our rights and know how and when our rights are limited‚ we must
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Limitations and constraints of marketing: Finance: Marketing costs money‚ having an advertisement broadcasted on television or on a radio costs a significant amount of money. Gathering research on marketing for your business will also cost a lot of money. Organisations with low finance may have to resolve on gaining data for the organisation that is “cheap” and acquired from secondary sources which a lot of the time isn’t exactly precise but it’s still better than nothing. Time Constraints:
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ISSUE: A) Common and statutory law limitations of landownership in Zambia; and (B) the legality of Compulsory Acquisition. AUTHOR: KATALILO JOY (A) INTRODUCTION This is a paper discussing the limitations imposed by law (common and statutory) on land in Zambia. Land in Zambia is governed using the Land Act Chapter 184. According to section 3(1) of the Land Act‚ all land in Zambia is vested in the President who is to hold it forever on behalf of the people of Zambia[1]. The President
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ethical duty to protect private client communication. As has been noted by Corey‚ Corey‚ Corey‚ & Callanan‚ (2014). AMERICAN COUNSELING ASSOCIATION (2014). At the creation and throughout the counseling process‚ counselors inform clients of the limitations of confidentiality and seek to identify situations in which confidentiality must be breached (p.204.). Confidentiality‚ privileged communication‚ and privacy are related concepts‚ in reality there are important distinctions among them. Confidentiality
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Risks and Limitations Tesla stands to lose momentum in its culture if the proposed solution fails‚ so it is important to address a few of the risks and limitations. The company must avoid major culture degradation if it wants to remain relevant in the luxury car industry. Tesla’s “cool factor” culture and state-of-the-art technology has made an impression in the United States. However‚ will the company be able to maintain this excitement when expanding? Tesla will most likely face some degree
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Capabilities And Limitations Of ICT Advantages of ICT Over Manual Methods of Processing Data • Repetitive Processing – Computers can carry out the same or similar tasks (e.g. mail merge‚ payroll) over and over very quickly and with a high level of accuracy. • Speed of Processing – A computer system can process raw data very quickly to produce information. • Data Storage Capacity – Traditionally‚ a company’s information would be stored on paper in filing cabinets which takes up expensive
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investors’ next step was to sue the auditors of Stanford Financial Group. BDO‚ the accounting firm that was responsible for auditing Stanford’s financial statements‚ is currently the target of a major lawsuit. BDO did not act in accordance with the responsibilities of an auditor and thus led to audit risk‚ lack of independence‚ and various violations of the PCAOB’s auditing standards regarding investment securities. BDO consistently issued unqualified reports when there were material misstatements
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