Inherent Risk i) expanded into a national manufacturer of high technology sustainable energy products brings with it a range of uncertainties‚ including compliance requirements and logistical problems increased potential for misstatement due to the judgements required requiring more judgement such as research and development (valuation)‚ intangible assets (valuation)‚ inventory (valuation) and property plant and equipment (valuation). ii) assets include “intellectual property rights”
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largest public accounting firms in Norway provided misstatement data from 58 audits. The results show that inherent risk factors related to personnel issues are related to the incidence of misstatements at the financial statement level. These factors plus factors related to management integrity and prior period accounting adjustments are related to the magnitude of the misstatements. Inherent risk assessments at the account level had a marginally significant relationship with both the incidence and
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Inherent Risk * i/3 of audit risk model.. lesast amount of evidence awailable use professional judgement * not static‚ assessed at the planning stage mostly and audit too Major factors that an auditor should consider when assessing inherent risk 1) Nature of clients business – the more susceptible the client the greater the risk ( if the client is in a business with heavy changes in technology 2) Nature of data processing – the more poorly the IT system is made
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Inherent risk Computerizing risk Non-routine transactions (Beasley 2010‚ p268) ‘Transactions that are unusual for the client are more likely than routine transactions to be incorrectly recorded‚ because of the client often lacks experience in recording them.’ Why it is risk: Santos use a series of computerizing or IT technology to support their business for increase market competition. IT technology has been used for trade ordering systems between customs and Santos. Customers can order
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providing income for the family; however‚ full time working women are still largely responsible for home and family care. In my opinion‚ we need to abandon the Victorian ideal of separate spheres. If women are to be equal participants in the economy and the polity‚ men must become equal partners in maintaining homes and raising children. In 1950‚ U.S. families with breadwinner fathers and stay-at-home mothers were twice as numerous as any other family types. Today there are twice as many two-earner
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ASSIGNMENT : Job Sharing Introduction Reality Check: The most apt analogy could be a Relay Race. In a Relay Race the baton is constantly handed over amongst the team. Job Sharing -- a 2 member Relay. Studies show that employees who equally value their work and family contribution are among their most committed and productive employees. Also‚ for executive women who want to maintain acceleration in their career‚ but also want to spend more time with their family‚ job sharing programs offer a unique
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CBSE-i Central Board of Secondary Education CLASS-X CBSE-i POLITICAL SCIENCE UNIT I POWER SHARING TEACHERS’ MANUAL CBSE-i CLASS-X • POLITICAL SCIENCE UNIT-I • Power Sharing TEACHERS’ MANUAL i Acknowledgements Conceptual Framework Shri G. Balasubramanian‚ Former Director (Acad)‚ CBSE Ms. Abha Adams‚ Consultant‚ Step-by-Step School‚ Noida Dr. Sadhana Parashar‚ Director (Training)‚ CBSE Advisory Shri Vineet Joshi‚ Chairman‚ CBSE Dr. Sadhana Parashar‚ Director
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Inherent Risk Inherent risk is the susceptibility of an account balance or class of transactions to misstatement that could be material either individually or when aggregated with misstatement in other balances or classes assuming that there were no related internal controls. This risk mainly arises at the level of management and the risk factor generally being high. Factors Affecting Inherent Risk: At the level of financial statement Integrity of management; Management’s experience and
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Gainsharing MLR601 April 5‚ 2007 Gainsharing and Profit-sharing are incentive plans that are designed to pay employees incentives based upon good company performance. By using these plans‚ companies found that employees are motivated to stay with the company longer. Because employees can directly affect the output of a company they will also work harder to achieve selected goals when incentives are attached. However‚ incentive plans are not appropriate for every company and business must find
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The Impact of Information Sharing Strategies in Multi-level Supply Chain Xiongwei Zhou‚ Feicheng Ma‚ Ling Zhang‚ Xueying Wang School of Information Management Wuhan University Wuhan‚ P.R.China E-mail:daweycs@126.com.fchma@whu.edu.cn Abstract- Information sharing is a major strategy to counteract the bullwhip effect. Previous research suggested that applying different ISS(information sharing strategy) to the supply chain may improve the supply chain performance under a simplified two-level supply
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