Justification for an Internal Control System Pamela Kaminski ACC/544 April 25‚ 2011 Adriane Treasure Justification for an Internal Control System Insurance and portfolio approaches are good controls‚ but they are not enough to protect the company from risks. As a controller I encourage you and your leadership team to increase the internal controls in the company. The insurance and portfolio approaches will
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INKWELL LIMITED An evaluation of the internal controls and an investigation of the accounting system at Inkwell Limited. Student Name: Paul Michael Bantusitse AAT Number: 10416343 I testify that the following report is my own unaided work and a true reflection of the organization. Signed: Dated: Table of Contents 1. TERMS OF REFERENCE 3 2. EXECUTIVE SUMMARY 3 3. METHODOLOGY 3 4. INTRODUCTION TO THE
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any CRA accounts‚ including auditing GST returns and claims for rebates. According to the CRA ’s Guide For Canadian Small Businesses‚ an audit usually takes one to two weeks‚ and involves "an examination of your ledgers‚ journals‚ bank accounts‚ sales invoices‚ purchase vouchers‚ and expense accounts." They go on to point out that the audit process may involve touring your business premises‚ and seeking information and assistance from your employees. As the CRA performs a certain number of audits
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responsibilities (Quality Control for an Audit) 8. enable team account for its work 9. retain record (continuing significant matters) future audits 10. enable experienced auditor conduct engagement QC reviews & inspections 11. enable conducting external inspections with applicable legal‚ regulatory requirements Types of audit documentation 1. audit strategy‚ audit plan 2. audit programs 3. analysis‚ analytical procedures worksheets 4. internal control questionnaires‚ evaluation
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firms who render professional auditing services to clients. These services may involve financial statement audits‚ compliance audits‚ and operational audits. Internal auditors are employees of the companies they audit. They are involved in an independent appraisal activity‚ called internal auditing‚ as a service to the organization. Internal auditors are primarily concerned with compliance and operational audits. Government auditors are employed by various local‚ state‚ and
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aat Student Notes QCF Level 4 Internal Control and Accoun ng Systems STUDENT NOTES 1 Contents Section page Introduction and Assessment W here do I start SWOT Analysis Internal Controls Fraud in an Accounting Function Making Recommendations Outcomes and Criteria 17 Report Planning Assessment Deadlines *Important terms are highlighted throughout the notes. Further explanation of these terms can be found in the terminology section 2 3 1. Introduction
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......................3 Module II – PRELIMINARY ASSESSMENT OF CONTROL RISK BASED ON AN UNDERSTANDING OF THE DESIGN OF CONTROLS ................17 Module III - Control Testing: Sales Processing................................................29 Module IV - PPS Sampling: Factory Equipment Additions............................31 Module V - Accounts Receivable Aging Analysis..............................................35 Module VI - Sales and Purchases Cutoff Tests...................................
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Flat Cargo Berhad Presented by: Presented to: ABDUL RAHMAN BIN YAACOB AC088467 AFIFAH BINTI HALIM AC088398 MAZIAH BINTI MOKHTAR AC088445 MOHAMMAD AZWAN BIN BASHIRUN AC088323 MOHD ZUBAIR BIN NOR AZMAN AC086470 NABILAH BINTI SAAD AC088349 SIR AZWAN ABD RASHID INTEGRATED CASE STUDY ACSB 413 INTRODUCTION Company Background 1997 Started operations with 2 aircraft - Boeing 737-200F - Cessna Grand Caravan Operating Primarily -Air cargo carrier Principal activities of FCB Subsidiaries
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collection to agencies who employee gangsters to collect debt by force. They enter in houses by force‚ threaten the customers and use harsh language‚ embracing them and torturing them mentally and physically. False information to customersIt is the sales staff that‚ for the sake of earning commission‚ induces people
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results of your analytical procedures. Print this memo as an outline‚ then compose your answers as attachments in your wordprocessor. Describe any unusual or unexpected relationships that suggest risk of material misstatement? Percent of change in sales for 2011 are up from last year but still less than industry average. Inventory’s percent of change has increased to 19.6% from 2011 to 2010. This is 8.2% above the industry’s average‚ which might lead to obsolesce of inventory. Gross profit margin
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