a) The Report’s main points The report identifies the complexities that exist within the economic paradigms with relations to uncertainties and economic instability that have characterized the markets and businesses at large. The report analyzes the imperatives of organizations identifying efficient approaches to governance‚ risk and compliance (GRC). This is a sensitization on the part of various business organizations and entities about business environment that involves a number of risks and
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the year ended 31 December 2012. You are a member of the audit team and the following information relates to the client: 1. The company has six petrol stations located in different parts of the country and has a head office in the capital city. 2. Each petrol station sells fuel. In addition‚ each petrol station has car wash services‚ a garage‚ a retail shop for motor accessories and a restaurant. 3. All petrol stations have point of sale micro-computers which are linked to the main computer
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CHAPTER II RELATED STUDIES and LITERATURE Local -Folder Lock Folder Lock is a fast file-security program that can password-protect‚ lock‚ hide and encrypt any number of files‚ folders‚ drives‚ pictures and documents in seconds. Protected files are hidden‚ undeletable‚ inaccessible and highly secure. It hides files from kids‚ friends and co-workers‚ safeguards them from viruses‚ trojans‚ worms and spyware‚ and even protects them from networked PCs‚ cable users and hackers. By: Jued Ocampo
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Methods and Procedures This chapter presented the method which was used in evaluating the musical preferences of the students of Saint Louis University-Laboratory High School for the school year 2013-2014. It also discussed the tool and the procedure used in gathering the data‚ the population of the students involved in the study and the statistical treatment used in analyzing and interpreting the data. A. Research Design The descriptive method of research was used in the study
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Chapter I 1. Introduction There are some school and companies that still using manual procedure in their system due to the price of a system and lack of knowledge in making a system. The problem to the said school is their way of using manual procedure in inputting details about their students. The Proponents of Datamex Institute of Computer Technology Camarin Branch wants to make changes to Sagrada Familia School of Caloocan Inc. by making a system that will
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CHAPTER II Review of related Literature Local Literature Police Ranking The PNP conducts regular recruitment programs‚ depending on annual budget allocation. The entry level for non-commissioned officers is the rank of PO1 (Police Officer 1). The new recruits undergo Police Basic Recruit Course for six months and a Field Training Program for another six months prior to deployment to various units. Officers for the Philippine National Police are sourced from the Philippine National Police Academy
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Week 5 Assignment What is the correct relationship of internal audit to senior management? The correct relationship to exist between internal auditors to senior management is one that meets the risk areas as defined by importance to senior management; this includes assurance and consultative reporting result. The same premise is also true for creating a correct relationship with operational management and the audit committee; under these cases‚ operational management desires consultative results
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been something that happened that was immaterial that it didn’t need to be adjusted. If the inherent risk was zero there wouldn’t been the chance that anything could go wrong and to give it a zero risk there is no point then to audit the firm. 2) In chapter three they mention that control risk should not be assessed so low that the audit team places complete reliance on controls and does not perform any other audit work. By stating this it shows that it is incorrect to assume the control risk is zero
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AUDITING 4 INTERNAL CONTROL In business control is required for optimum utilizatiion of resources and for maximising the profits.business operations are carried on with the help of human agents and equipments.both require supervision to ensure that tasks assigned to them are carried out properly to avoid wastes and losses. Internal control required for small business is not identical with that required for a large business in the sense that in case of the former‚the entire control
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Problem 2-43 (35 minutes) |1. |San Fernando Fashions Company | | |Schedule of Cost of Goods Manufactured | | |For the Year Ended December 31‚ 20x2 | | |
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