Compare the responsibilities of internal auditor and external auditor in relation to: I. The design and operations of systems and controls Internal auditor | External auditor | Internal auditing activity is primarily directed at improving internal control. Internal auditors perform audits to evaluate whether the systems and processes are designed and operated effectively as well as providing recommendations for improvement. | External auditors may be called upon to determine if an organization
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E3: Health‚ Safety and Welfare at Work: Employment and Equality (A) The health safety and welfare at work 2005. This act applies to all employers‚ self-employed and employees in all places of work. The manual handling‚ which forms part of the safety‚ health and welfare at work regulations 2007. Safety should be a high priority for everyone. Employers and employees work safely to protect themselves and other employees. The HAS is a state sponsored body that monitors the workplace to ensure that they
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Since ancient times‚ people have realized how important of human rights are and they have been fighting for thousands years to achieve and complete them. The fight for human rights is still happening nowadays. Because of the rise of technology and media‚ freedom of press is as much important as freedom of speech‚ especially with journalists. The article “____” written by AUTHOR states that a new law has threaten many journalists in revealing the truth about a food industry. The author uses lots of
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There are four basic financial statements that companies use. They begin with income statement‚ statement of owner’s equity‚ balance sheet‚ and the statement of cash flows. Company’s use income statements to report how much money they have made and how much they have spent over a specified period of time. The statement of owner’s equity is used to report any changes in equity from a company’s net income or net loss‚ as well as report changes in the owner’s investments and withdrawals over a specified
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for external auditor to be independent? Throughout the years‚ banks‚ shareholders‚ possible investors and creditors always relied on the financial statements produced by a company. Since the management of a company is producing these documents it has been assumed that the managers may act dishonestly so that their performance looks better. To monitor the company’s performance better the directors along with the shareholders employ external auditors to check all these financial statements for
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INC.: An analysis of Instructional Case Focusing on Ethical Issues Involving Financial Accountants and Independent Auditors Questions 1. Should auditors insist that their clients accept all proposed audit adjustments‚ even those that have an “immaterial” effect on the given set of financial statements? Defend your answer. To confirm that materiality is a pervasive concept in auditing‚ simply refer to the index
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biological community and the physical habitat within which it lives together. Deductive reasoning uses general principles to predict specific results‚ whereas inductive reasoning uses specific observations to formulate general principles; scientists use both types of reasoning. There is no absolute truth in science; a theory can be rejected if data from a properly designed experiment does not support the theory‚ but it can never be proven
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How an SCR works?-Principle of Operation SCR Working Principle The SCR is a four-layer‚ three-junction and a three-terminal device and is shown in fig.a. The end P-region is the anode‚ the end N-region is the cathode and the inner P-region is the gate. The anode to cathode is connected in series with the load circuit. Essentially the device is a switch. Ideally it remains off (voltage blocking state)‚ or appears to have an infinite impedance until both the anode and gate terminals have suitable
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appropriate methods to answer scientific questions and solve problems Why are Daphnia cultures ‘pre-incubated’ for 5 minutes under specified conditions‚ prior to experimentation? Criterion 4: Risk management – laboratory work Safety issues arise in all practical work‚ whether laboratory-based or field studies. In science laboratories there are a range of potential hazards that must be identified. Think about these‚ bearing in mind the experiment to be undertaken. ■ ■ ■ ■ List the
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Pasko sa PHEnas Praxis Project Reflection Paper 1 Charlene Shine J. Aloria‚ Batch 8 a. How was I as a leader in the course of my Praxis involvement in the conceptualization and planning stage? Being a member again of this year’s Paskuhang Pathways praxis project‚ I think this is another opportunity for me to enhance my leadership skills. I am assigned in the Programs Committee because our project head thinks that I can really help by making last year’s project even better. I’m
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