letter is to confirm our understanding of the terms of our engagement as the auditors of Oceanview Marine Company for the year ended December 31‚ 2014. We will audit the company’s balance sheet for December 31‚ 2014‚ and the related statements of income‚ retained earnings‚ and cash flows for the year then ended. The purpose of our audit is to form an opinion as to whether these statements are fairly presented in accordance with accounting principles generally accepted in the United States of America
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depending on the type of purchases. Weakness Strength Audit procedure (To what‚ for what) Objective There are no proper procedures for authorisation. Purchase requisition does not need to be approved by authorised personnel. This may results to unauthorised and invalid company purchases i.e. for personal use and thereby‚ excessive or unnecessary items. Hence‚ lead to overstatement of purchases. There is evidence of proper procedures for authorisation. Purchase requisition need to be
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ABCD 1234 AND COMPANY WLL Corporate Office | To: Head – Procurement & StoresCC: | From : Head – Internal Audit | Report No | Date : | * Subject: Audit Report on Operations of ABCD 1234 AND COMPANY WLL. We have done general operations audit of ABCD 1234 AND company WLL from 1.11.2012 to 20.11.2012 and submitting the draft audit report below.. Executive Summary: * There is no ABC analysis of the suppliers have been done by the company ( Refer finding # 1). The Purchasing Department
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Administration - MBA Semester 3 Subject Code – MF0013 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
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There was god called apollo and he is the god of many things especially medicine. There once was a simple and kind town person his name was john. But in mountain Olympus‚ the gods were fighting because Ares want to give a plague to a town because they didn’t worship him like the other gods. “I think it should go here‚” said Ares “You just want it to go there bc they don’t worship you munch‚” said Apollo “He has point Ares‚” said Zeus “Who says we don’t plague this town say I‚ Olympic‚” said‚ Zeus
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BA (HONS) ACCOUNTING & FINANCE BA (HONS) PROFESSIONAL ACCOUNTING PROFESSIONAL ACCOUNTANCY COURSE YEAR 3 AUDIT & ASSURANCE 1 INDIVIDUAL ASSIGNMENT BRIEF HAND OUT DATE: 5th October 2011 HAND IN DATE: INSTRUCTIONS FOR COURSEWORK You are required to research and prepare a report based on one of the following topics. Please seek the assistance of the module leader Ivor Pingue and your seminar tutors for help and guidance with your coursework. Do not leave the research too late
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men’s / women’s shoe 3. Special shoes from other countries 4. The art of the shoe 5. Decision 1.De history of the shoe The shoe is one of the oldest items of clothing. He served to protect against injury and against heat and cold. Feet In each country they have other shoes because the ground is different and also the temperature. From the earliest times‚ there are no shoes found but we do know what they look sawing rock paintings. Later shoes not only used for protection but they
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The gods‚ Apollo‚ Ra‚ and Horus have many things in common and share many differences in everything they are‚ stand for‚ and represent. Apollo and Ra are both god of the sun in their different cultures. Ra is represented with a large sun disc placed on the top of his head while Apollo wears a symbolic laurel wreath atop his head. Hypnos is the greek god of sleep. Like Apollo‚ Hypnos has a twin sibling too. His twin brother was named Thanatos. Ra’s children‚ Shu and Tefnut wandered off one day and
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Types of Environment Audits Site Audit 1. Reclamation of Land * Important because the inception of the Mining Act was passed in 1869. * was periodically amended and in 1991 included closure and reclamation * Therefore‚ after the amended Mining Act in 1991 when a mine begins its operation it must have plans‚ procedures and funds to restore the land to its natural state. 2. Longer term protection of close sites * A closed mine site can be monitored forever due to the hazardous
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• • • • • • • Situational Analysis Objectives Strategy Targets Tactics Men Money Minutes Measurement 7 The Planning Models • • • • • • • • • S O S T T M M M M S O S T A C 8 Marketing Audit • A marketing audit is a comprehensive‚ systematic‚ independent and periodic examination of a company’s-or business unit’s-marketing environment‚ objectives‚ strategies and activities
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