theft. D. Expected effectiveness of controls. 13. The risk that an auditor’s procedures will lead to the conclusion that a material misstatement does not exist in an account balance when‚ in fact‚ such misstatement does exist is referred to as A. Audit risk B. Inherent risk C. Control risk D. Detection risk 14. Evidential matter concerning proper segregation of duties ordinarily is best obtained by A. Preparation of a flowchart of duties performed by available personnel. B. Inquiring whether
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Flash Technologies‚ Inc Memo to the Planning File by Audit Manager – General Information 12/31/2008 General Background Information Emanuel “Manny” Schwimez‚ is the CEO and chairman of the board of Flash. Mr. Schwimez is originally from Tel Aviv. He has an impressive resume‚ including a master’s degree from the London School of Economics and many years of eexecutive-level experience. He has led several high technology companies in the U.S and abroad since the early 1970’s. In 1990 he became president
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Computer Information System Brief Kathy Kudler was a Vice-President of a large defense contractor is tired of travel and pressure from her corporate lifestyle. Searching for other opportunities during her travel she discovered ways to relieved her stress through shopping varieties of ingredients for gourmet cooking‚ and suddenly realized her fashion shifted to establishing an upscale epicurean food shop in La Jolla. Needless to say‚ a business plan was developed‚ after she obtained her financing
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Introduction to Statistics Research proposal To: Mr. Yaseen Ahmed Meenai. Date: 9th June 2012. Group Members: 1. Ammar Showkat 2. Syed Muzzammil Hasan 3. Abdul Raffay Usman 4. Nausherwan Khan Proposed Research Topic: A statistical analysis of fast food consumption and trends in Pakistan. Purposes: In Pakistan‚ the fast food trend has entered mainstream. It has taken its roots from the American culture of fast food. Many multinational eateries like McDonald‚ Pizza Hut‚ KFC
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the circumstances and opinion expressed by an auditor‚ where he is unable to obtain sufficient audit evidence. 2. Auditors of M/s Santa Banta (P) Ltd. were changed for the accounting year 2010-11. However there was no change in the position of closing stock which remained at ` 400 lacs . The auditors of the company propose to exclude the audit of closing stock of ` 400 lacs from their audit programme on the understanding that it pertains to the preceding year which was audited by another
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Research Proposal (Fast Food Industry) To study the attitude towards consumption of healthy food within the fast food industry Background We are a marketing research team of a fast food chain store. With increasing awareness about healthy food among the masses and with consumer preferences changing towards healthy food‚ we intend to launch a health food segment to cater to this need of the customers. We are also concerned about the pricing of the product that whether it should be priced same as
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DECLARATION This is to certify that project titled “Consumer Perceived value in Fine Dining Restaurants” is an original work of the student and is being submitted in fulfillment for the award of the Bachelor’s Degree in Business Studies of Shaheed Sukhdev College of Business studies‚ University of Delhi. This report has not been submitted earlier either to this college or to any other university/ college for the fulfillment of the requirement of a course of study. She has successfully
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confidential proposal for the manufacture of his wine cask invention. While standard wine casks generally ensure a 12 month use-by-date‚ his Long Life Cask enables wine to be consumed 20 years after bottling‚ even if opened and resealed. The FWPL board were the only ones to have knowledge of the invention at this time. The full board briefly considered the proposal at its regular monthly meeting. However‚ given its complex nature and the fact they had never received a similar proposal before‚ Nick
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ACL ADMINISTRATION PAYCHECK FILE How many records are there in database? There are 147 records in the paycheck file. How many data validity errors are there in the database? There were no validity errors in the database; all records are entered into the system‚ thus makes it all valid. What are the following totals? Gross Pay (TOTAL_GROS) = 178‚831 Taxes withheld (TOTAL_TAXE) = 36‚584 Deductions withheld (TOTAL_DEDU) = 24‚947 Net Pay (NET_PAY) = 117‚292 EMPLOYEE FILE How
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assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
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