largest public accounting firms in Norway provided misstatement data from 58 audits. The results show that inherent risk factors related to personnel issues are related to the incidence of misstatements at the financial statement level. These factors plus factors related to management integrity and prior period accounting adjustments are related to the magnitude of the misstatements. Inherent risk assessments at the account level had a marginally significant relationship with both the incidence and
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Inherent Risk i) expanded into a national manufacturer of high technology sustainable energy products brings with it a range of uncertainties‚ including compliance requirements and logistical problems increased potential for misstatement due to the judgements required requiring more judgement such as research and development (valuation)‚ intangible assets (valuation)‚ inventory (valuation) and property plant and equipment (valuation). ii) assets include “intellectual property rights”
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Inherent Risk * i/3 of audit risk model.. lesast amount of evidence awailable use professional judgement * not static‚ assessed at the planning stage mostly and audit too Major factors that an auditor should consider when assessing inherent risk 1) Nature of clients business – the more susceptible the client the greater the risk ( if the client is in a business with heavy changes in technology 2) Nature of data processing – the more poorly the IT system is made
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Inherent risk Computerizing risk Non-routine transactions (Beasley 2010‚ p268) ‘Transactions that are unusual for the client are more likely than routine transactions to be incorrectly recorded‚ because of the client often lacks experience in recording them.’ Why it is risk: Santos use a series of computerizing or IT technology to support their business for increase market competition. IT technology has been used for trade ordering systems between customs and Santos. Customers can order
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Ariana Nieves Stu. ID#: 004884655 Comm. 180 Hillary Clinton for 2016 Presidency According to the New York Times‚ Hillary Clinton has built the largest campaign operation of any potential candidate so far. She has now announced that she is running for the 2016 Presidential Campaign as a Democratic candidate. Clinton was the former Secretary of State from 2009 to 2013. In 2001‚ she was elected to the U.S. Senate and became the first lady to hold national office. As we all know‚ Hillary Clinton was
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North South University Course: Mkt 470(Marketing Research) Section – 04 proposal on Travel and tourism Date:14-10-2014 To: Samy Ahmed From: Shanaz Islam 1110019030 Md.rakib ashraf jitu 1231393630 Asif Reza 1030100030 Sanjida sharmin shorupa 1030726530 Md. Amir Hamza 1221039030 Subject: Proposal to do a research on travel and tourism in Bangladesh. RESEARCH Questions: Which country you would like to visit in south Asia
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CIS 470 PROJECT PLAN Team: Team A Team Members: Melinda Ahmed Nathan Gruss Daniel McIntyre Catherine Roberts Date: 9/4/11 Project Title: Williams Specialty Company e-Commerce Web Site. WSC Team Leader Daniel McIntyre 1. System Overview Williams Specialty Company‚ a small printing and engraving organization‚ wants a web site developed to enable their customers to enter their order information including but not limited to: Type of job (print or engraving) Media (clothing‚ plague
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How E-tailing affect on Traditional Retail Market in Hong Kong? Products The product quality and Word-of-mouth are importance evaluation of online products. The consumers would consider both quantitative and qualitative aspects of online reviews. The consumer will also collect the comments about favorable news and unfavorable news before they are going to purchase in internet. Moreover‚ when consumers read online reviews‚ they are concern that not only to review marks but to other contextual
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Question 2 (c) The critical path and activities are D→E→F→G→J。 MKT B370 (Specimen) SUGGESTED SOLUTION Page 2 of 6 Question 2 (d) To compute the probability of selling the house within 7 weeks (49 days)‚ first compute Z 49 mean / std.dev. 49 46 / 7.0789 0.4238 Looking this z-value up in the standard-normal table results in a probability of 0.664 for selling the house within 7 weeks. Question 2 (e) To determine this value‚ first find a z-value in the standard-normal
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Three-level Sentence Outline Thesis Statement: Engaging in art affects child’s development by stimulating the child’s imagination and creativity and refining his or her cognitive skills. I. Engaging in art affects child development by stimulating child’s imagination and creativity. A. Engaging in art affects child development by generating ideas and creating illustrations. B. Engaging in art affects child development by molding child’s creative thinking. 1. A child
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