Training Material on Internal Auditing Internal Auditing Handbook 1 Session 1 – External Audit........................................................................5 1.1 Definition and Objective.....................................................................5 1.2 Responsibilities of External Audit ......................................................5 1.3 Scope of the Audit .............................................................................6 1.4 Auditor’s Report Basic
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3. a) Three parties that auditors might be held liable for negligence are : 1. Liability to client (Better Production & Co) 2. Liability to third party who use the information (Usahasama City Bank) 3. Liability to the foreseen user (who rely on the auditor’s financial statement) b) No. Aiman & Co can not be held liable to Usahasama & Co. The only action available for financial loss caused by a false financial statement was in the tort of deceit. In order to succeed‚ the claimant (Usahasama)
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mentioned in the case study above‚ Kellogg is going through a challenging time. Perform an external audit on Kellogg. Discuss the opportunities and threats facing the company. Answer Perform an external audit on Kellogg‚ will gain the team with better understanding of the firm industry‚ competitors and markets. It should involve as many managers and employees as possible. Before perform the audit‚ Kellogg must try to gather as much as possible on competitive intelligence and information about
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Question 1 Dr. Montessori gave us a Decalogue. Comment on each one of them. What can happen if we did not did not follow them. You could refer to your personal experiences. The Montessori Decalogue are explained as below. 1. Never touch the child unless invited by him (in some way or another). Unless there is a very strong reason to (like avoiding an accident‚ for example)‚ it is important that one should never touch a child unless a child requests it. Picking up a child without the child’s
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Part 1- Scenario 2 Katherine wants to investigate if the time of day a plant is watered affects the growth of the plant. She hypothesizes that a plant watered in the morning will grow faster than a plant watered at other times of the day. 1) Identify the specific independent and dependent variables that will be involved in an experiment to test this hypothesis. Independent variables: The time of day the plants were watered (examples include: sunrise‚ noon‚ sunset) Dependent variables: The resulting
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Writtle College: CHELMA 2A 13 Tutor: Kay Milton Title: “Describe and evaluate two approaches to the treatment of self- defeating behaviour” Word Count: 2774 In this essay I will describe what self defeating behaviours are and where they originate from‚ their causes and maintenance of the behaviour. As an example I will show two treatments that might be offered to help the presenting condition of depression in a person who suffered a stroke‚ and how they differ in their similarities. I will
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Employee Engagement-The Gallup Q12 Survey (or the Gallup Workplace Audit) The Gallup Q12 (1992-1999) is a survey designed to measure employee engagement. The Gallup Workplace Audit is composed of 12 items that measure employee perceptions of work characteristics. The criteria for selection of these questions came from focus groups‚ research on management and scientific studies on the aspects of employee engagement that are important and influenced by the manager at the business unit or work group
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Forecasting Highline Financial Service offers three types of service to its client. Managing partner‚ Freddie Mack would like to arrange the financial and staffing for the upcoming year. The data has shown that there is fluctuation with regards to each service the company offers Mr. Mack would like to estimate future demand for services‚ keeping in mind that advertising‚ promotion and competition will remain constant at current rate. The data covers the company’s last eight quarters (2 years)
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Logistics & Transport - Inventory - Task 1.1 Itemise some of the inventory held by the following operations: Hotel: Food and beverages‚ bed sheets‚ toiletries‚ cleaning equipment Hospital: Syringes‚ overalls‚ bed sheets Retail Store: Clothing‚ food‚ drinks Task 1.2 Using the above illustration‚ what do you consider to be the aim of the inventory management? Are there any conflicts likely to occur for inventory control? I consider the aim of the inventory
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Pride and Prejudice Both Texts Letters to Alice Connections/Comments about texts Context (prompts‚ purpose‚ shapes‚ values) Personal context and social‚ political and historical context Austen is covert and implicit because she is female “if you turned out to be barren‚ that was a terrible disaster‚ not just personally but socially” “breaking through the thin walls between idea and experience” – reality poking into your life and preventing artists notions A teacher Cold war reference
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