Administration - 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
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Cropping a Photo The following procedure is assisting in cropping a photo‚ the software program that will be used is Microsoft Photo Editor. Cropping photos will help remove the unnecessary space in a photo‚ or if there is something that is not wanted in the photo such as a tree or a car. Cropping photos will enhance the photo and help emphasize what the main part of the photo is. Retrieve the Photo The first part in cropping a photo is deciding the photo that you would like to change. There
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financial statements are correct or not. B. Auditors must balance the cost of the audit with the need for precision. C. Auditors must limit their exposure to their client to maintain independence. D. The auditor’s relationship with the client is generally adversarial‚ so the auditor will not have access to all of the financial information of the company. 3. The basic purpose of a financial statement audit is to A. Detect fraud. B. Examine individual transactions so that the auditor may
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University‚ Bangladesh. Subject: Submission of assignment on “Planning of audit & independence of auditor”. Dear Sir‚ I am proud to present you my assignment which has done under your instruction. I would like to thank you for giving me the opportunity to work on such assignment. By doing this assignment‚ I gain lots of valuable knowledge not only on creating an assignment‚ but also on understanding the significance of audit analysis. I sincerely hope that this assignment meets your approval and
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LLP‚ to perform a financial statement audit for the year ended December 31‚ 2013. Using the PCAOB’s proposed standard on confirmations and electronic confirmations‚ you are to complete the testing of the cash balance reported by Simply Soups Inc. at year-end. Today‚ a majority of large banks require auditors to use electronic cash confirmation requests and‚ as a result‚ mostly all large audit firms use them. When using electronic confirmation requests‚ audit firms typically rely on a third-party
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Grievance procedure in Honda Cars India Limited Any workman having a cause for complaint about his work or working conditions shall have a right to present his case for investigation and consideration within 2 days of the arising of the cause. The procedure for its redress shall be as follow:- Stage-1 A workmen desiring to raise any question in which he is directly concerned shall in the first instance discuss it with his immediate supervisor or his sectional head. Stage-2 Falling
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Under attestation engagement‚ an evaluation of subject matter would have already been conducted by the responsible party against a set criteria. As this evaluation is usually given in the form of a report issued to the intended users by the responsible party. This report is actually a claim by the responsible party of a fair evaluation of subject matter. On that assertion made by the responsible party practitioner is asked to confirm whether such assertion of evaluation is fair or not. An engagement
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Walt Disney Corporation Marketing Audit Max McKay Sabrina Coady Henrik Oiseth Principles of Marketing 308 Professor Simpson November 14‚ 2006 Walt Disney Corporation Founded in 1923‚ the Walt Disney Company has predicated itself as the world’s best in the family entertainment business. After 80 years in the business‚ who could argue with that statement? Today‚ Walt Disney Corporation dominates the market of family entertainment. An unparalleled experience is the direct affect
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article was about parents having cosmetic procedures done on their children to stop bulling‚ but I do agree with children having corrective procedures done for medical. I disagree with parents having corrective procedures done on children to stop bulling. My reasons are; corrective procedures want solve the problem‚ corrective procedures for children to undergo‚ but I do believe corrective procedures are necessary for medical reasons. Firstly‚ Corrective procedures do not solve the problem of bullying
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controversial topics that coincide with teenage pregnancies such as abortion. Teenagers impregnated by accidental or forceful means often turn to the procedure as a safety route out of their current situations. Now that the topic of abortion has made its arguable reappearance into almost all aspects of human development‚ including
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