CONTROLS IN AN EDP ENVIRONMENT The second standard of field work requires that we obtain a sufficient understanding of the client’s internal controls (I/C) to plan the audit and assess control risk. We hope that our assessment of control risk shows it to be low so that we can reduce substantive testing‚ thereby reducing audit costs. When EDP is used in significant accounting applications‚ then you must consider the effects the computer has when evaluating the internal controls. The auditor’s
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Audit Objectives: a. Determining that cash on hand as shown in the general ledger is represented by currency and coins on hand. b. Determining ownership and proper accountabilities c. Ascertaining that cash balances are available without restrictions. Audit Procedures: a. Examination of cash proof sheets and tracing of their totals to the general ledger b. Test tracing of deposit or withdrawal slips to individual subsidiary ledgers and vice
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Rhode Island College Digital Commons @ RIC Faculty Publications Faculty Books and Publications 7-1-2000 The Social Work Ethics Audit: A RiskManagement Strategy Frederic G. Reamer Rhode Island College‚ freamer@ric.edu Recommended Citation Reamer‚ Frederic G.‚ "The Social Work Ethics Audit: A Risk-Management Strategy" (2000). Faculty Publications. Paper 173. http://digitalcommons.ric.edu/facultypublications/173 This Article is brought to you for free and open access by the Faculty
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C op y Session 11 D o N ot Promotion‚ Sales Management‚ Direct Marketing& P.R July 24‚ 2012 • Direct marketing • Interactive marketing • Word-of-mouth marketing • Personal selling D o N ot C • Advertising • Sales promotion • Events and experiences • Public relations and publicity op y Modes of Marketing Communications op y What is Sales Promotion? D o N ot C Sales promotions consist of a collection
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Slide 1 (Cover Slide) Introduction: (2 minutes) Slide 2 Warm-up Activity: (5 minutes) How’s everyone doing this evening? Great! Okay‚ to get us started thinking about why the Chinese people‚ mostly peasants‚ some landowning peasants‚ and others supported Mao & the Communist’s‚ we’ve got to know what China was like before they est. the PRC in 1949. My name is _______ & my co-instructor’s name is _______. The title of tonight’s lesson is “Chinese Revolution & its Aftermath.” We’ll be covering the
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Softlogic Holding Ltd. • Auditors role in Corporate Governance • Audit Committee of Softlogic Holding Ltd. • Audit Committee’s influence in Corporate Governance protocols at Softlogic Holdings • The Cadbury Committee and Softlogic’s Corporate Governance Strategy • Analysis • Recommendations Introduction • International Standard on Auditing (ISA) 260: “Communications of Audit Matters with Those Charged with Governance” • Governance is the term used
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Diversity in the Workplace Professor Matthew Quinn December 8‚ 2013 Diversity Audit Company to Audit: Johnson And Johnson This diversity audit begins with a background about the company‚ as well as some important information about key Diversity executives. What will be addressed in the audit are what efforts Johnson & Johnson made to foster diversity competence and understand‚ what efforts were made in furthering the knowledge or awareness about diversity‚ what strategies were used to
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Question: Define audit and accounting risk‚ give 3 specific example of each type of risk and explain why they are called audit and accounting risk. * Accounting risk is the risk that errors associated with forecasts used in GAAP accounting estimates are not properly disclosed. Accounting risk is primarily the responsibility of accounting standards. It is dealt with only indirectly in accounting standards. For example: * Bad debts on loans had an historic rate of 1% of outstanding loans
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was presented as a free gift if the passenger bought two such booklets each worth 26‚999. BUSINESS STRATEGY (CONTD) KFA has always positioned themselves as a budget carrier and not as low cost carrier (LCC). They have followed uniquely fun marketing strategies
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Lecture III The traditional grammatical classes of words are called "parts of speech". Since the word is distinguished not only by grammatical‚ but also by semantico-lexemic properties‚ some scholars refer to parts of speech as "lexico-grammatical" series of words‚ or as "lexico-grammatical categories". It should be noted that the term "part of speech" is purely traditional and conventional. In modern linguistics‚ parts of speech are discriminated on the basis of the three criteria: "semantic"
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