1. Assertions about classes of transactions and events: I. Occurrence: transactions and events so recorded in the financial statements actually occurred and relates to the same period. II. Completeness: all such transactions and events that required recording have been recorded III. Accuracy: transactions and ancillary information have been recorded with accurate amounts IV. Cutoff: only those transactions and events have been recorded that pertains to the accounting period under consideration
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The assignment for GSLC‚ November 8‚ 2013 (05PAF SMART CLASS) Read the Chapter of “Motivation” and answer the following questions. 1. Identify five different criteria by which organizations can compensate employees. Based on your knowledge and experience‚ do you think performance is the criterion most used in practice? Discuss. 5 Different Criteria by which organizations can compensate employees: Discipline Results Contribution Diligence Attitude Yes‚ we do think that performance is
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A First Data White Paper Now You See It‚ Now You Don’t: A Review of Fraud Costs and Trends Fraud is more dangerous to your business than you think‚ and treating it as a cost of doing business may be emboldening criminals and costing you customers. A well-designed fraud management program can help protect your customers and improve profitability. By Krista Tedder Product Owner‚ Risk Management and Fraud Solutions © 2009 First Data Corporation. All trademarks‚ service marks and trade names
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INTERNATIONAL STANDARD ON AUDITING 315 IDENTIFYING AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT (Effective for audits of financial statements for periods beginning on or after December 15‚ 2009) CONTENTS Paragraph Introduction Scope of this ISA .................................................................................. 1 Effective Date ....................................................................................... 2
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Fraud in Special Education Published: August 7‚ 2012 Over the last several weeks‚ Comptroller Thomas DiNapoli of New York has issued audits detailing millions of dollars in fraud by private companies that provide special education services to preschool children with learning‚ developmental or other disabilities. With more than a dozen audits in the works‚ the bad news about the troubled program is clearly not over. And the scope of the wrongdoing could be broader still given that many of the
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(CRIM 105 South Bend) Connie Wawrzyniak 02/02/2011 The Theories Of Risk And Protective Factors Among Youth Offenders In today’s world there are many risk factors that play into a youths life. A risk factor approach assumes that there are multiple‚ and overlapping‚ risk factors in an individuals background that lead to adverse outcomes. Examples of risk factors which may lead to a youth being a offender are non-attendance at school‚ school failure‚ substance abuse‚ being abused‚ unemployment
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additional procedures are required to support the changed materiality. 8. Reconsider the assessments of internal control at the entity level and the risk of fraud. Their conclusions about the effectiveness of internal control could be affected by control exceptions found during testing. Consider whether any material misstatements indicate fraud. 9. Revisit planning documentation to determine that all significant issues identified during the planning phase have been
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Fraud Prevention and Management Recommendations Paper CJR-334-Z1 Economic Crime Investigation October 29‚ 2012 Fraud Prevention and Management Recommendations The purpose of this Fraud Prevention Plan is to set out the approach to dealing with fraud risk within our organization. In order to prevent the types of frauds that have already occurred within our organization it will be necessary to create “a culture of honesty‚ openness‚ and assistance…..fraud prevention is where the big savings
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The True Risk Factors for Non-communicable Diseases Introduction Greeting my fellow classmates and a happy holiday. As the name implies‚ non-communicable diseases are those diseases that cannot pass from one individual to another individual‚ these diseases include coronary heart disease‚ stomach ulceration‚ stroke‚ ischemic diseases‚ neuropsychiatric diseases‚ cancer‚ cardiovascular diseases‚ diabetes etc. Previously‚ in our community we referred to these diseases as the “rich man” diseases‚ because
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When does employee fraud occur? It is commonly accepted that the presence of the three elements of the “Fraud Triangle” increases the risk of employee fraud: Motivation: The employee is somehow motivated to commit a fraud. Economic factors such as personal financial distress‚ substance abuse‚ gambling‚ overspending‚ or other similar addictive behaviors may provide motivation. The current national economic recession may serve to increase the incidence of such financial motivations. Opportunity:
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