MBA Semester 3 Subject Code – MF0013 Subject Name – Internal Audit and Control -4 Credits (Book ID: B1211) Assignment Set- 1 (60 Marks) Q.1 Critically evaluate the qualities of an Auditor in the wake of recent scams Ans:- What should be the qualities of Internal Audit Personnel? There is no universal answer to this question. We can only generalize about the qualities of internal Audit Personnel. It has been observed that internal auditors and independent auditors often belong to the same
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Internal Audit Working Paper Physical Plant Audit Page: 8.3.1/1 Evaluate Annual Construction and Major Repair Costs Prepare: KRS Date: 12/08/93 List of Unfinished Projects Reviewer: BMT Date: 12/09/93 Project | Type | BeginningDate(M/YR) | Projected Ending Date(M/YR) | Projected Ending Date(M/YR) | | Wagner Greenhouse | C |
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The Control function of management of Wal-Mart How do internal and external factors affect Control The external and internal factors affect the control function in business by simple change. External factors are forces that are outside the company such as customers‚ competitors‚ government‚ and economy. The internal factors or forces are those that consist of situations or events that occur inside the business and under the control of the company ( ). Control is one of the major functions
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1a. Disclosure controls is the performance to ensure that information required to be disclosed in periodic reports filed under the Exchange Act is recorded‚ processed‚ summarized and reported within the time periods specified by the Securities and Exchange Commission’s rules and forms and such information is accumulated and communicated to management as appropriate to allow for timely decisions regarding required disclosure. Disclosure controls are important because it reduces the risk of the
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Conclusion In this experiment I tested different light intensities. I tested a normal fluorescent light bulb‚ a 100-watt light bulb‚ a 25-watt light bulb‚ and a 15-watt light bulb. I was surprised to find that the control plant grew the most at 135 mm. The 100 watt plant grew the least at 0 mm due to the fact that it fried the plant. The 25 watt plant grew the next highest at 120 mm. The 15-watt light bulb grew tall fastest‚ but then slowed down and stopped at 98 mm you would want to use this
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Professionalism‚ Ethical Codes and the Internal Auditor: A Moral Argument Mary Ann Reynolds ABSTRACT. This paper examines the case of the internal auditor from a sociological and ethical perspective. Is it appropriate to extend the designation of professional to internal auditors? The discussion includes criteria from the sociology literature on professionalism. Further‚ professional ethical codes are compared. Internal auditors’ code of ethics is found to have a strong moral approach‚ contrasting
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Types of Information Security Controls Harold F. Tipton Security is generally defined as the freedom from danger or as the condition of safety. Computer security‚ specifically‚ is the protection of data in a system against unauthorized disclosure‚ modification‚ or destruction and protection of the computer system itself against unauthorized use‚ modification‚ or denial of service. Because certain computer security controls inhibit productivity‚ security is typically a compromise toward which security
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How compelling are Hayek ’s epistemological arguments against central planning and in defense of market economies? Introduction This paper discusses the epistemological arguments of Austrian born economist Friedrich Hayek against central planning and in defense of market economies. Personally‚ I believe that Hayek’s views in this regard are logical and theoretically well grounded. Therefore‚ throughout the essay I will try to demonstrate the soundness of Hayek’s arguments. This
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How to Write a Conclusion for a Proposal Instructions 1. Make a list of key points in your proposal. The conclusion should always be the last thing you write and should focus on the key elements you included in the document. Put yourself in your investor’s shoes. Include points that will be of interest to him such as marketing plans‚ proven success in the past‚ and a clear path to future success. • Write a list of potential questions investors may have after reading your proposal. You may
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ABC Company Internal Audit Manual Internal Audit Manual Page 1 TABLE OF CONTENTS TABLE OF CONTENTS...................................................................................... .....2 CHARTER......................................................................................... ....................5 INTRODUCTION................................................................................................5 ORGANISATION AND BOARD REPORTING....................................
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