NVQ LEVEL 3 CU1536 PROFESSIONAL PRACTICE IN EARLY YEARS SETTINGS 1.1 Explain how the range of early years settings reflects the scope and purpose of the sector The range of Early Years Settings reflects on the requirements of parents and families for their children. Some parents want care for their children so that they can return to work‚ some may want to stay with their children while they socialise‚ some may want their children in a setting which offer services aimed at learning‚ whilst
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TYPES OF AUDITS Operational PURPOSE: To evaluate whether operating procedures are efficient and effective USERS: Management of the organization NATURE: Highly non-standard; often subjective FREQUENCY: PAs: Frequently AGs: Frequently CRA: Never Internal: Frequently Compliance PURPOSE: To determine whether the client is following specific procedures set by higher authority USERS: Authority setting down procedures‚ internal or external NATURE: Highly non-standard; often subjective FREQUENCY: PAs:
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underpins the development of accounting standards. It provides guidance on identifying the boundaries of financial reporting. A conceptual framework form a theoretical basis for determining which events should be accounted for recognized‚ how transactions should be measured and how they should be communicated or presented to users. Accounting standards are written by a group of people. They may have slightly different prospective of view on accounting standards. Conflict and controversial issues may
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You Can’t be on Both Sides The movie 12 Years a Slave‚ is a film about Solomon Northup‚ a free black man‚ who is kidnapped and sold into slavery in the south. This video shows the struggle of to survive and maintain some of this dignity. In today’s world‚ many things can be considered hypocrite or double standard. You even can be doing a double standard thing‚ and don’t even know. A prominent example of this hypocrisy is the people who say that they are pro-animal rights and love animals‚ but they
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external financial statement audits. 1. What is the purpose of a financial statement audit? a. To confirm the accuracy of management’s financial statements. b. To provide assurance that the audited entity is financially sound. c. To express an opinion on the fairness of the financial statements. d. To provide assurance that fraudulent activities have not occurred. 2. Information risk arises from which of the following situations? a. Adverse selection threats. b. Audit risk‚ inherent risk‚ control
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INTERNATIONAL STANDARD ON AUDITING 320 AUDIT MATERIALITY (This Standard is effective‚ but contains conforming amendments that become effective at a future date)* CONTENTS Paragraph Introduction ................................................................................................... Materiality ..................................................................................................... The Relationship Between Materiality and Audit Risk ................................. Evaluating
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and contrast Accrual Earnings Management and Real Earnings Management. Real Earnings Management: a. Real activities manipulation: managers try to mislead at least some of their stakeholders to believe that the financial reporting goals have been met through normal operational practices. However‚ this is not a value added activity‚ sometimes may even reduce firm value because current actions will have negative effect on future cash flow. b. It is probable that real earnings management will have
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Subject – AUDIT Topic – AUDIT OF BANKS. Name – Arwa Khambati Roll no. – 29 College Name – Sydnehem College of Commerce and Economics Seat Number - Certificate of Completion Date: 19/10/2013 This is to certify that Ms. Arwa Khambati (Roll No. 29) a student of Master of Commerce (Part 2)‚ Sydenham College of Commerce and Economics‚ has undergone Project work on titled AUDIT OF BANKS. 19/10/2013 Mumbai
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The Role of Audit An audit is ‘an independent examination of‚ and the subsequent expression of opinion on‚ the financial statements of an organization’ (Hussey‚ 1999‚ p. 33). The audit can be viewed as an integral part of corporate financial reporting‚ where the assurance it provides stems from the trust placed in the judgement of the auditor. The audit is designed to demonstrate ‘the completeness‚ accuracy and validity of transactions which‚ when aggregated‚ make up the financial statements’ (Power
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Product Release Notes: NComputing vSpace® Server 6.6.2.3 for L-series‚ M-series and vSpace Client Product: NComputing vSpace Server for L-series and M-series devices and vSpace Client Version: 6.6.2.3 This release supports 64-bit versions of Microsoft Windows Server® 2008 R2 SP1‚ Windows MultiPoint Server® 2011 (WMS)‚ and single user instances of Windows 7 SP1* (32- and 64-bit) Note: this release does NOT support any other earlier 64-bit or 32-bit Windows operating systems (e.g. it does NOT support
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