whether the client owns the asset. 2. Confirmation--is the receipt of a written or oral response from and independent third party verifying information requested by the auditor. Because of the independence of the third party‚ confirmations are a highly desirable‚ though costly‚ type of evidence. SAS 67 (AU 330) describes two types of confirmations. A positive confirmation asks the respondent to provide an answer in all circumstances‚ while a negative confirmation asks for a response only if the information
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With Reference to appropriate theory and research‚ critically discuss those principles‚ representations‚ and processes that underpin social cognition and social knowledge about ourselves and others. In so doing‚ consider those factors that influence the accuracy of our perceptions. How do we make sense of others and ourselves? Are the judgments we make within a social context formed on the basis of our social knowledge alone? How accurate are our perceptions of the people that occupy our daily
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information could not be changed by clients when they were transferring the paper confirmation. Standard written back confirmations have not been effective in detecting the fraud at Peregrine. According to the case‚ Peregrine changed the information by using Photoshop‚ Excel‚ scanners and printers when they were using standard written back confirmations. However when the company agreed to using electronic confirmation‚ it decided to commit fraud
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person must climb‚ step by step‚ until he or she reaches the summit to enjoy the view. The hydration of the Sacraments of Initiation is Baptism; it’s the entrance into the Christian path. The gift of the Holy Spirit received during the Sacrament of Confirmation gives the strength needed to slowly‚ but surely make the journey. The summit that is then reached after the climb is the Sacrament of the Eucharist. As it is said in the Catechism of the Catholic Church‚ “The Holy Eucharist completes Christian
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formulate a mathematical programming model and develop solution techniques. We identify structural properties of our models and develop closed-form solutions and effective heuristics for various special cases of our models. Finally‚ we conduct extensive computational experiments to quantify the effectiveness of our heuristics and to develop managerial insights. Subject classifications: inventory/production: uncertainty‚ deterministic; planning horizons; operating characteristics; marketing: pricing
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Climate Change Beliefs and Cultural Values Controversy surrounding the public understanding of climate change is influenced by the deficit in cognition of scientific information. As a result the knowledge deficit‚ people turn to cultural differences for alternative explanations. In a straight forward explanation‚ the difference in opinions is a result of both ignorance and culture. This view aligns with Kahan et al.’s cultural cognition thesis‚ according to which the political disagreement about
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Perception is the major reason behind people falling into the trap of conjunction fallacy. People caught in conjunction fallacy find it easier to conceive two events occurring together than them happening separately. To be more precise a conjunction fallacy occurs when two events which can occur together or alone are seen more likely to happen in combination than isolation. This usually happens when it is easier to imagine two events occurring in a combination than occurring alone. It is a formal
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Case 10-8 Ellie Enterprises An investment that is not one of the three traditional asset types such as stocks‚ bond and cash are considered as an alternative investment. “These types of investments include hedge funds‚ managed futures‚ real estate‚ commodities and derivative contracts.” (www.investopedia.com). These are subject to less regulation and use leverage and derivative instruments to optimize their returns. “In spite of many pensions and private endowments beginning to invest in these
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I use Experimental research (p.28) on my cousins. They always played violent games. I wanted to see how much it impacts on them. Accordingly‚ my example what is the influence of video game violence on my cousin’s aggressive. Therefore‚ I randomly assign some my younger cousins who still play violent games. I did not have to tell them how to play the game‚ but I still told them to play a violent video game for 1 hour only. As for my other cousins‚ I told them to play a non-violent video game for
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aAssignment 1 Q1 Organizations 1. How has the company changed over the years in order to survive a highly competitive marketplace? Coca-Cola is a billion dollar global operating organization. They’ve been around for over a 100 years and they currently operate in over 200 countries. This is not a simple task‚ but Coca-Cola has found ways to manage by taking the right risks and evolving over time. Coca-Cola has over time invested in their brand‚ their quality‚ the right marketing‚ the availability
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