Subject Name – Internal Audit and Control -4 Credits (Book ID: B1211) Assignment Set- 1 (60 Marks) Q.1 Critically evaluate the qualities of an Auditor in the wake of recent scams Ans:- What should be the qualities of Internal Audit Personnel? There is no universal answer to this question. We can only generalize about the qualities of internal Audit Personnel. It has been observed that internal auditors and independent auditors often belong to the same professional organization and are subject
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Should Street Gangs be Considered Terrorist Organizations? Terror‚ violence‚ and death are the common denominators in our society nowadays. Why? Because of street gang fights. Innocent people have been killed as a result of street gangs. These groups of criminals use violence against societies and band together for mutual protection and profit. Street gangs are gangsters controlling‚ attacking‚ and killing people on the streets‚ as a result‚ they are one of the biggest social problems around the
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Internal & Managerial Control “Internal (Management) Control is the set of accounting & administrative controls and practices that help ensure that approved and appropriate decisions are made in an organization” * in other words‚ to make sure that the right thing happens and the wrong thing does not happen‚ either purposely or accidentally Why Internal Control? 1. To safeguard the assets against waste‚ loss & misuse 2. Check the accuracy and reliability of accounting data
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layman‚ it is nothing but a collection of websites. And there are innumerable websites that serve a variety of purposes. There are news websites‚ social networking websites‚ websites that provide information and websites of various businesses and organizations. These websites are updated frequently to provide information to the user. You can find everything of anything on the web just by browsing through a few websites. You can also use emails‚ blogs‚ IM chat‚ social networking websites and communication
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Malte Foegen Project Management 08 – Project Monitoring and Control IT M a t u r i t y Services 1 Project Monitoring and Control Overview For student use only -2- © 2007 wibas IT Maturity Services GmbH 1 Provide understanding of the project’s progress so that appropriate corrective actions can be taken when the project’s performance deviates significantly from the plan. Monitor Project against the Plan (SG 1) Manage Corrective Actions to Closure (SG 2) Project
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monitor the activity. As technology becomes more advanced‚ more of our lives are contained on the internet‚ so the question‚ “to what extent in the U.S. does the government-federal‚ state‚ and local-have the duty to monitor internet content‚” has arisen. I believe the U.S. government has the right to monitor their citizens activity on the internet to protect the country from dangerous activity and terrorism‚ but it cannot intrude on their constitutional rights. The U.S. has been monitoring private data
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social) and negative impacts hurt another (Kreag‚ 2001). 2 monitoring of tourism impacts When monitoring - measuring the impacts of tourism‚ it is theoretically possible to identify two phases: 1. Phase of processing the methodology and standards of collection‚ sorting and processing 2. The actual phase of working with data 2.1 Standard methods of monitoring In general‚ it is possible to use standard methods of monitoring to record the real processes which can be divided into: The methods
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Uncontrollable environment affecting organizations‚ affecting international logistic activities Uncontrollable environment is one major condition which is unpredictable and uncertain. Regardless of what it might be‚ an uncontrollable environment will negatively affect any organization effort‚ no matter which function it is and perhaps the objectivities and strategies of the business. Today‚ business is a global market. In one way or another‚ we are all closely connected. The logistics systems have
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Internal communication is the epoxy that holds an organization alongside one another. Devoid of it‚ you’re just a collection of disconnected individuals each working individually at her own job. With it‚ you’re a unit with power far beyond the sum of your parts. So Internal Communication‚ in an enterprise perspective‚ is the dialogic course of action between employees and employer‚ and employees and employees. The research shows that a excellent internal communication can generate many positive
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Checklist for Evaluating Internal Controls ACC/544 April 29‚ 2013 Christine Errico Checklist for Evaluating Internal Controls Internal controls are methods a company implements to safeguard and protect the company in its day-to-day operations as well as its financial information. To ensure these controls are effective and performing properly a company must evaluate these controls. In performing this evaluation a company should use the three phases of the control evaluation. These phases
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