Distinguish between primary data and secondary data? Primary data is the data that is collected first hand from the original source for the purpose of making statistical inference while secondary data is the data that is collected by the method of abstraction and is used to make statistical inference by using primary data already collected by an investigator. Primary data is collected by Identifying population of interest choosing sample analyse sample information draw inference from
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Q1 - What is the relationship between the risk assessment process and the collection of audit evidence? The risk assessment process happens at the very beginning of the engagement and is to determine the level of risk present in the company. The risk assessment phase is when the auditor assess the client’s situation‚ conducts an independence threat analysis and decides whether to accept the client or not. The risk assessment is influenced by various factors such as the degree to which external
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Interim An audit which conducted in between the two annual audits with a view to find out interim profits to enable the company to declare an interim dividend is known as Interim Audit. It is a kind of audit which is conducted between the two periodical or balance sheet audits. Objectives Of Interim Audit 1. To know profit or loss of interim period. 2. To distribute interim dividend. 3. To get loan on the basis of interim account. 4. To get information about the financial position
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The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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Process Types P. 101-108 Basic Concept Volume and variety affect process type; usually low variability goes together with high volume and vice versa. Other factors involved or affected are diversity and repetition as well as continuality or intermittency of production. The position in the volume variety matrix shapes the design and approach to managing activities. These approaches are called process types. Process Types Project Processes Discrete‚ highly customized products/goods
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Title: Show how a proportional system might be used in deconstruction Name: Matheuss Adriano Bintoro Proportional system and deconstruction are symbolized as oil and water that in an instance can’t be integrated as one element‚ but somehow it compliments each other. The former is a method that emphasizes in playing with scale and form which must be logical and can be identified clearly‚ it has to be in exact order or has certain pattern that can be understand easily. The latter is a style
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12.1 Types of assessment used in lifelong learning There are three types of assessments used in lifelong learning. These are; * Initial * Formative * Summative At the beginning of a course the prior knowledge of a student must be uncovered; this is what the initial assessment is for. Establishing knowledge of ability through an initial assessment allows the tutor to tailor the teaching material appropriately‚ giving more time when lesson planning to cover weaker areas and spending
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improve your revision process. It certainly does not intend to cover everything in the exam. It is very possible that some questions‚ which are not covered in this revision guide‚ may appear in the exam. 2. You should refer primarily to other material‚ such as textbook‚ lecture notes and class exercises. 3. When you use this guideline‚ try to understand the fundamental principles and please don’t try to memorize the information. Topic 3B- Management assertions and audit objectives - Define
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Federalism is a governmental organization in which authority is divided between two sovereign levels of government. ·National ·Regional Federalism is a method of government where decision on taxes and education are shared between two political powers and are exercised on two levels of government. There are several distinguishing deference’s between federalist‚ unitary‚ and confederation government structures. Federal states may be created in one of two ways · Separate political units may decide
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DISTINGUISHING BETWEEN SCREENING TEST AND DIAGNOSTIC TESTS A diagnostic test is any kind of medical test performed to aid in the diagnosis of detection of a suspected disease or condition. This is different from a screening test which is used when not when a disease or condition is suspected‚ but when people are considered to be at high risk of developing a disease or condition. Diagnostic test are usually performed after a positive screening test to establish a definitive diagnosis. They are
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