Internal Controls Internal controls are all the procedures and measures companies put in place in order to achieve two specific goals related to accounting (Kieso‚ Kimmel‚ & Weygandt‚ 2011). The first goal is the protection against loss of assets from various sources such as theft or accounting error (Kieso‚ Kimmel‚ & Weygandt‚ 2011). Companies‚ clients and shareholders must have assurance that there is suitable control over all business assets like inventory and bank accounts all the
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Assignment 2: Information Management and the Digital Firm The Digital Firm is a general term for organizations that have enabled foundation business associations with employees‚ clients‚ suppliers‚ and additional exterior associates during digital networks. These digital networks are supported by enterprise set technology platforms that have been leveraged surrounded by an association to hold up serious business functions and services. A number of examples of these knowledge platforms are Customer
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a) Explain Plato’s concept of "Forms" [33] Plato‚ an ancient Greek philosopher living around 400 BCE‚ came to an belief that as well as the visible world‚ there was in fact another‚ separate ’world’ which contained the ’Forms’. Forms are what Plato understood to be the reality that lies behind each concept and object in the visible world. Plato was exploring how the human senses know how to categorise objects‚ animals and concepts‚ however warped they may be from their mundane Form. He believed
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litigation against auditors‚ increasingly including shareholder class actions‚ and the effects of lawsuits on audit firms. 2. Describe the causes of legal action against auditors and identify parties that may sue auditors. 3. Explain the impact of key court cases on the public accounting profession. 4. Describe auditor liability‚ discuss auditor responsibilities‚ identify possible auditor defences‚ and discuss possible remedies and sanctions available under both common law and statutory
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sign-posting one answer to another. Criteria Number Assessment Criteria 1.1 Explain the functions of assessment: Why is assessment carried out? What is the purpose of assessment? What does assessment measure? What are the anticipated outcomes of assessment? 1.2 Define these key concepts and principles of assessment: Fair Reliable Valid Safe and manageable Suitable to the candidate needs 1.3 Explain the responsibilities of the assessor with regard
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International Journal of Scientific Research Engineering & Technology (IJSRET) Volume 1 Issue 5 pp 165-170 August 2012 www.ijsret.org ISSN 2278 - 0882 Key Concepts and Network Architecture for 5G Mobile Technology Sapana Singh1‚ Pratap Singh2 Information Technonlogy‚ 2Electronics and Communication 1 IIMT Engineering College‚ Meerut‚ 2RGEC‚ Meerut 1 Sapanasingh8407@gmail.com‚ 2 pratapsinghbiet2000@yahoo.co.in 1 ABSTRACT 5G technologies will change the way most highbandwidth users access their phones
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UNDERSTANDING THE PRINCIPLES AND PRACTIES OF ASSESSMENT 1.1 EXPLAIN THE FUNCATIONS OF ASSESSSMENT IN LEARNING AND DEVELOPMENT. During the initial assessment the assessor must ensure the learner knowledge performance and practical skills. The assessor must ensure that the learning understands their course‚ The assessor must explain all the units to the learner and support them in choosing the most suited units for their learner. The assessor and the learner must decide on an assessment plan. Setting
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Explain the need for keeping records of assessment of learning and describe the types of records you would maintain. Accurate‚ factual‚ up to date Record keeping is a very important part of a teacher’s role. They need to keep effective assessment records for every student. It allows both teacher and the student to reassess the teaching-learning relationship. This identity’s which students need more help‚ guidance and support and helps them understand what they need to do next to improve their
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to have better quality management concepts to maintain customer satisfaction. Quality management concepts give the control and measure the organizational performances in required level. Through internal and external communication can enhanced the set standards to internationally accepted level. These conditions will add more value to the organizational brand image. Lo 1 different approaches to quality management 1.1 definitions of quality in terms of business and services Quality in terms of businesses
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INTERNAL AUDIT 1 Internal audit ‘Internal audit’ is an appraisal activity established by management for the review of accounting and internal control systems as a service to the entity. It reviews‚ monitors and make recommendations for the improvement of systems. Other activities include: Examination of financial information Review of economy‚ efficiency and effectiveness (‘value-for-money’ audits) Review of compliance with external laws and regulations Review of internal policies Review
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