Melissa Ginez‚ Matthew Gourlie‚ Juel Rypka) University of Phoenix ACC/491 Alisa Dumond December 19‚ 2011 ------------------------------------------------- interoffice memorandum to: John Smith‚ CEO Key west company from: Audit Team D subject: Audit Findings for Key West Company date: 12/18/2011 ------------------------------------------------- Dear Mr. Smith The purpose of this memo is to communicate to you the results and findings from our team’s assessment of the Accounts
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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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MIS - MIB DMS - DBM - PGDM - BBM – DBA – PGDM www.mbacasestudyanswers.com www.casestudysolution.in aravind.banakar@gmail.com ARAVIND 09901366442 – 09902787224 AUDITING Q1) H.W.P. Private Ltd. Is having only two members H and W. During the audit of accounts for the year ended 31st March 2000‚ you as a auditor find that : a) H‚ who is incharge of purchases has introduced fictitious purchase bills of Rs 50 lakhs. b) W‚ who is incharge of sales has sold goods worth Rs 1 crore without bringing
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company. B. What are an auditor’s responsibilities under auditing standards to detect management fraud? An auditor should conduct an audit in accordance with GAAS and design procedures to provide reasonable assurance that material frauds that might misstate the financial statement are detected. C What are some characteristics of management fraud that an audit team should consider to fulfill the responsibilities under auditing standards? Auditors are concerned about the management fraud that
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INTRODUCTION This case presents the actual family-business dilemma and identities have been changed to protect family privacy. The author’s opinions do not necessarily reflect the views of the Malaysian Institute of Accountants and this case was written for academic purpose only and the author disclaims any legal responsibilities. This report will be discussed more details about the issues that arise in the company. Those issues are about the leadership‚ management and also
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are necessary purchases and consistent with the best interest of the company i.e. not for personal use. Refer to lecture note: Most companies have different levels of general authorisation depending on the type of purchases. Weakness Strength Audit procedure (To what‚ for what) Objective There are no proper procedures for authorisation. Purchase requisition does not need to be approved by authorised personnel. This may results to unauthorised and invalid company purchases i.e. for personal
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Table of Contents The Questionnaire Analysis Report 1. Summary 1.1．The purpose of investigation The investigation was made to understand the degree students in SEGi University based on their age‚ gender‚ nationality‚ major category‚ preferences on fast food restaurant‚ hand phone brand and activities do on their phones. 1.2．Method of investigation A questionaire was used as a way to garner views and information of the degree students in SEGi University. A sample of ramdom survey was
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record such item may be difficult to detect. 5. Regulations: They are regulated by governmental authorities and the resultant regulatory requirements often influence accounting and auditing practices in the banking sector. Special audit considerations arise in the audit of bank because of: 1. The particular nature of risks associated with the transactions undertaken by banks; 2. The scale of banking operations and the resultant significant exposures which can arise within short periods of time;
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With the world’s fossil fuel supply beginning to dwindle‚ and the threat of climate change looming in our future‚ conservation of energy has become more important than ever before. In this personal energy audit I will analyze my energy use over the week of September 21st-27th. I made a log of any daily activities which required an energy input‚ and noted their duration. This information was then used to determine the energy required per year. As I have not been living at my current address for
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Questionnaire 1) How many training programs have you attended in last 5 years? A) 0-5B) 6-10C) 10-15 D)More than 15 2) The programme objectives were known to you before attending it A) Strongly agree B) Moderately agree C) Can’t Say D) Moderately Disagree E)Strongly Disagree 3) Is the training program considered as importance on your part? A) Yes B) No 4) The training programme was relevant
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