Jurgen Skembi Homework5 Internal Control Audit Standards a. For what purposes should an auditors’ understanding of the internal control components be used in planning an audit? An auditors’ understanding of the internal control components should be used for 3 reasons: a) To identify the potential misstatement that might occurs b) To identify the factors that affect the risk of material misstatement c) To influence the design of substantive procedures b. What is required
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I think when considering the strengths and weaknesses of the ways in which NSW courts deal with cases which could involve any form of mental illness or incompetence the strengths most definitely outweigh the weaknesses. I think one of the most prominent strengths is that for those individuals found not guilty by reason of mental illness‚ although not being imprisoned they are still being incarcerated in order to try and ensure the same incident or level of violence doesn’t occur again. this is extremely
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myself musically and as a person. Since attending‚ I have been given the opportunity to join numerous ensembles and clubs. I was also given the chance to notice my strengths and weaknesses with my major. These strengths and weaknesses are exhibited in my everyday life and help lay the foundation of my future. One of my biggest weaknesses is procrastination. There are times where I have assignments and obligations that I tend to push back until close to the due date. In my head‚ I think “it will get
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Internal Controls Your Name XACC/280 Date Instructor Name Internal Controls Internal controls are an essential asset to any company that wishes to maintain their company’s security and accuracy. These controls help to protect the assets belonging to a company from unforeseen events such as employee theft‚ robbery‚ or any sort of unauthorized use (Weygandt‚ Kimmel‚ & Kieso‚ 2008). They also create the opportunity for accounting records to be more accurate and reliable by limiting the possibility
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became powerful; the Safavids and Mughals shared common strengths‚ and weaknesses with the Ottoman Empire. The empires controlled many rich lands‚ and fought many victorious wars until their decline beginning in the 1700’s CE. Due to their weaknesses‚ the Ottomans‚ Safavids‚ and Mughals were all collapsed or in the process of collapsing by the 1800’s CE. Although all three empires were very successful using their strengths‚ they weaknesses they possessed eventually caused destruction A very militaristic
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Discuss Strengths and Weaknesses of the Demographic Transition Model The Demographic Transition Model is a partially fact based‚ partially theoretical model that shows birth‚ death rates and population over time. There are 5 different stages involved in it and almost every country applies to a particular one of those stages‚ for example The USA is currently in stage 4 as its birth and death rates are quite low and constantly overtaking each other while the population is still rising reasonably quickly
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When it comes to personal strengths and weakness in writing‚ most people are probably good at getting the work done on time and struggle when it comes to spelling and double checking their work‚ however I’m the complete opposite. I am generally a great speller and have pretty good sentence structure‚ but when it comes to getting the work done when I should‚ I always have a hard time. After identifying and understanding my weaknesses‚ I hope to turn them into strengths to better my writing. Unlike
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Internal Control and Accounting Systems Learning Area Overview Welcome to this learning area overview for Internal Control and Accounting Systems‚ prepared by AAT. In this overview we’ll explain what Internal Control and Accounting Systems is all about‚ and how it fits into the bigger picture of the AAT Accounting Qualification. We’ll explore the main topics you can expect to cover‚ and how the knowledge and skills you’ll pick up will be of practical use to you in the workplace. Finally‚ we’ll
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The only strength that I believe that the Professional Women’s Basketball association has are the price of tickets for each game. The average per ticket is lower than the NBA‚ according to StubHub. The reason why tickets are lower in the WNBA is because of less amount of advertising compared to the NBA. The objective of having lower prices in the WNBA is to get as many people to the games in order to bring more revenue. Also the numbers of teams in Professional Women’s basketball are slim. There
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Discuss the strengths and weaknesses of the mischief rule. A strength of the mischief rule is that it helps to avoid absurd or harsh results. This is good because someone can be charged with something but if the literal rule was applied they could get away‚ but if the mischief rule is applied then the judge can change the meaning of the word and they wouldn’t get away with it. This happened in Smith v Hughes when prostitutes were soliciting men from a balcony but the act said they couldn’t do it
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