procedures) In audit planning the audit of Circuits Technology‚ Inc. (CTI). CTI resells‚ installs‚ and provides computer networking products (client software‚ gateway hardware and software‚ and twinax hardware) to other businesses. Figure 8-14 provides some summary information from CTI’s financial statements. Required a. Calculate purchases‚ gross margin‚ inventory turn days‚ accounts receivable turn days‚ and accounts payable turn days for the years ended 20x2‚ 20x3‚ 20x4‚ 20x5. Purchases 2002 =
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questions such as: a) “What external changes could effect the organization?” Consider‚ e.g.‚ - changing demographics of stakeholders‚ including number‚ values‚ resources‚ power‚ etc.; - changing rules and regulations; expectations and resources from customers‚ vendors‚ etc.; - expected shifts in needs for products and services; availability of leadership and staffing; and - what other current or new organizations provide similar services? b) “What could be the effects of
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Checklist for Evaluating Internal Controls There are five components to internal controls. A comprehensive checklist should adequately define these components and ensure that each component has been adequately met. According to Louwers‚ Ramsay‚ Sinason‚ and Strawser (2007) the five components to internal controls include: 1. Control environment – Involves the tone of the organization and includes “the integrity‚ ethical values‚ and competence of the company’s people” (Louwers‚ Ramsay‚ Sinason
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REVIEW OF SOME EFFECTS OF NIGERIAN CORPORATE TAX REGIME ON INVESTMENT PROMOTION BY: Y.S.UTHMAN 1.1 INTRODUCTION: Neither the Companies Income Tax Act nor any Nigerian Tax Law provides for the definition of the term tax or corporate tax. In an Australian case of Mathews v. Chicory Marketing Board‚ a tax has been defined as “a compulsory exaction of money by a public authority for public purposes‚ or taxation is raising money for the purpose of government by means of contributions from individual
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CHAPTER I 1. Fuzzy control Fuzzy control is a practical alternative for a variety of challenging control applicationssince it provides a convenient method for constructing nonlinear controllersvia the use of heuristic information. In a sense fuzzy systems can be “trained” and can “learn” how to perform throughout a control task and are considered as intelligent control system. Fuzzy control system design is based on empirical methods‚ basically a methodical approach to trail-and-error. The
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making. Allows the artist to circumvent excessive studio control on their projects Directors can craft their own unique vision. Writers can often see their scripted vision through the entire development process. Did not have permanent staff and would bring people together to make a film on short term contract basis. 2. Compare the industry network of Hollywood with that of the motor sport valley in the United Kingdom a) Industry network of Hollywood. A project-based enterprise.
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ICC-1 Apollo Shoes‚ Inc. Internal Control Questionnaire Sales Transaction Processing December 31‚ 2007 Objectives and Questions Yes‚ No‚ N/A Comments Environment: 1. Is the credit department independent of the sales department? Yes. Credit manager in Treasurer’s office 2. Are sales of the following types controlled by the same procedures described below? Sales to employees‚ COD sales‚ disposals of property‚ cash sales and scrap sales. No available information‚ apparently not applicable
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pirates entered to entered to the Seychelles water zone‚ this had a big negative impact on both fishing anf tourism industries. In this case‚ government has to guarantee the security of citizens with respect to the help from other international organizations as well. Regarding to the statement that the Seychelles relies greatly on its fishing industry‚ this should lower the supply of fish coming inside the industry as the fishermens are scaring and not fishing anymore. So that‚ regarding to the
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REASEARCH PROJECT ON A STUDY OF THE EFFECT OF MODES OF COMMUNICATION ON PERFORMANCE IN THE BANKING INDUSTRY USING STANDARD CHARTERED BANK AS CASE STUDY. INTRODUCTION Background to the study. Although the content of corporate communications within the organization has remained fairly constant through the years‚ technology has improved the way management and employees keep in touch with each other. Almost all companies of any size have some regular method of keeping
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2002 requires an audit of internal controls. The purpose of an internal control evaluation is to evaluate risk‚ which offers auditors a basis for audit planning and provides useful information to management ("Sox Law"‚ 2006). Auditors typically use the five basic components of internal control to approve the entire system. According to Louwers‚ Ramsay‚ Sinason‚ and Strawser (2007) the five components to internal controls include control environment‚ risk assessment‚ control activities‚ monitoring
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