objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic‚ disciplined approach to evaluate and improve the effectiveness of risk management‚ control‚ and governance processes. Internal auditing is executed by an internal auditor. He is regarded as part and parcel of the organisation since his/her appointment is usually effected and influenced by the organisation’s management
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mentioned in the case study above‚ Kellogg is going through a challenging time. Perform an external audit on Kellogg. Discuss the opportunities and threats facing the company. Answer Perform an external audit on Kellogg‚ will gain the team with better understanding of the firm industry‚ competitors and markets. It should involve as many managers and employees as possible. Before perform the audit‚ Kellogg must try to gather as much as possible on competitive intelligence and information about
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AUTOMATED ACCOUNTING Automated accounting is an approach to maintaining up-to-date accounting records with the use of accounting software. This software is often configured to allow for easy cross posting of receivable and payable‚ eliminating the need to enter multiple posting in order to keep accounting record in compliance with generally accepted accounting principles. Accounting as it exists today may be viewed as a system of assumptions‚ doctrines‚ tenets‚ and conventions‚ all encompassed
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1. Having demonstrated its versatility as a high-tech newswire‚ Twitter drew the attention of those who would prefer to see certain information suppressed. Synonym- ambidexterity Explanation- I decided to use ambidexterity‚ because “versatility” states that Twitter is flexible and can be a easily manipulated site when the sentence is clearly making Twitter appear the opposite. 2. Millions of users attempted to log into Twitter only to be greeted by the service’s iconic "fail whale‚" the image
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Risk factors influencing the Credit Rating Score used by Alpha Credit Rating Ltd. ‚Risk factors influencing the credit rating score used by Alpha Credit Rating Ltd.‛ Submitted To: Ms. Farhana Firoz Senior Lecturer‚ School of Business North South University Submitted By: Mohammad Akib ID: 092-0237-030 School of Business North South University i|P age Date of Submission: April 21‚ 2013 Risk factors influencing the Credit Rating Score used by Alpha Credit Rating Ltd. ‘‘Risk
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The Harder They Come The Harder They Come was truly a revolutionary effort. Prior to this book being published their was not a great amount of West Indian literature that touched on the realities of Jamaica presented at hand within the novel. Not only did the book bring truth to light on an island thought to only be a resort‚ but it also spread the fire of reggae across the borders. In Thelwell’s re-adaptation of the movie‚ he alludes to many background and political details in addition to
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OBJECTIVES OF THE AUDIT ENGAGEMENT The objectives for the audit engagement are as follows: * to act as auditors of Ayala Land‚ Inc. and to express an opinion its consolidated financial statements in accordance with the requirements of the prescribed financial reporting framework; * to highlight key issues that have been of relevance in the forming of our audit opinions; * to serve as a framework for the audit; * to ensure that an effective and efficient audit is performed in
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"What goes around comes around" means if you want something good to happen to you then you have to help or do something good for someone else. Before you get something good in return you have to do something good for someone else. I relate to "What goes around comes around" because my grandparents would always say "what goes around surely does come back around". Looking back on my past life I see that i have made many mistakes and majority due to my lack of patience‚ disrespect‚ and never listening
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Auditing procedures: Five assertions: 1. Occurrence: Define: transactions and events that have been recorded have occurred and pertain to the entity. Explain: sales and purchases shown in the income statement belong to the company and are real‚ that is they actually took place. 2. Completeness: Define: all transactions and events that should have been recorded have been recorded. Explain: all the individual transactions making up the balances in the income statement are recorded; no sales
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TOP 10 LIST OF UNCONTROLLABLE RISK FACTORS FOR INFECTIOUS DISEASES AIRBORNE DISEASES Regular check-ups / immunization / hygiene Diseases communicated by air i.e.) tuberculosis.flu and etc. RADON Change ventilation system / radon checks According to CDT Minnesota Department of Health (2007)‚ Radon is a radioactive gas - that means it continuously decays and releases radiation. It is produced from minerals in soil‚ such as uranium and radium. Although radon is present throughout the environment
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