Substantive Procedures for Cash Outflow Irregularities Substantive Procedures for Cash Outflow Irregularities Apollo Shoes has recognized that there is a risk of loss due to irregularities in cash outflows‚ accounts payable‚ and payroll. Substantive procedures for cash outflows‚ accounts payable‚ and payroll are needed to detect irregularities in each of these. Failure to implement appropriate procedures will lead to loss irregularities. Substantive Procedures to Evaluate Cash Irregularities
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DISCUSSION QUESTIONS‚ CASE INTRODUCTION AND KEY POINTS Introduction Under Armour’s rapid rise in the sports apparel industry under its founder and CEO Kevin Plank has surprised many. Plank has turned a company that he started in his grandmother’s basement into a powerful opposing force to Nike. The company’s competitive advantage comes through its focus on performance‚ and its products have been well received by athletes. The company currently enjoys a strong position as professional athletes
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grounds of void contract under Nepalese Contract Act by illustrating the cases. Any contract which is not enforceable by law is said to be void. A void contract is one which has no legal effect whatsoever owing to the fact that a transaction which is void. Even if they satisfy some of the conditions of a valid contract‚ they are not enforceable. In the eye of law such contract is no contract at all. There are some contracts which have been declared as void by section 13 of Nepalese Contract Act 2056.
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What is Contract? Discuss Essentials of Contact. According to Section 2 (h) of the Indian Contact Act‚ 1872‚ "A contract is “an agreement enforceable by law”. A contract therefore‚ is an agreement the object of which is to create a legal obligation i.e.‚ a duty enforceable by law. From the above definition‚ we find that a contract essentially consists of two elements: (1) An agreement and (2) Legal obligation i.e.‚ a duty enforceable by law. As per section 2 (e) "Every promise and every set of
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AUDIT MANAGEMENT | | | |(Topic: Internal Control & Related Aspects) | | | |
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The Federal Constitution b) The 13 Constitution of the States comprising the Federation c) Federal law made by Parliament d) State laws made by State Assemblies e) Federal and State Subsidiary Legislation made by persons or bodies under powers conferred on them by Acts of Parliament or Enactments of State Assemblies respectively f) Judicial decisions of the Superior Courts and often referred to ‘common law’ or ‘ judge-made law’ g) Principles of English law suitable to local
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country with 97% population being Muslim‚ and only about 1.8% Hindus. Diplomatic relations between the two are defined by the history of the violent partition of British India into these two states‚ and numerous military conflicts and territorial disputes thereafter. Some of the contemporary issues mentioned below get you thinking whether or not the long hatred between India-Pakistan will ever fade out. Abu-Jindal in the making of 26/11 Abu Jindal‚ is from the Beed district in Maharashtra‚ and
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Contract Law Introduction In the following case note I will examine the High Court case; Smart Telecom Plc. V Radio Teilefis Eireann & Glanbia Plc. [2006] IEHC 176. The essence of this case is one involving a request for tenders put forward by RTE for sponsorship and the subsequent refusal of Smart Telecom’s referential bid thereto. The questions raised were (1) whether referential bidding was a permissible term of RTE’s offer and (2) if not‚ were they were obliged to re-tender the contract
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Preparation Resources Module 1: Introduction to internal auditing Overview The first module in this course sets the stage for your study of internal auditing (also known as “management auditing”). You consider the definition‚ development‚ and scope of internal auditing. You also consider the business environment and identify and analyze its accompanying risks. The various types of internal audits and the relationship between internal auditing and performance measurement are explained. Finally
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Sea between China and Japan‚ are perfect examples of how one can analyze and provide reasoning as to why these conflicts are occurring and in the manner that they occur. MAIN CONFLICT The major dispute between these countries is historically one of the main reasons two nations have a dispute in the first place‚ territorial claims. These claims are over a small group of uninhabited islands in the East China Sea‚ which Japan refers to as the Senkaku Islands and the Chinese refer to as the Diaoyu
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