ASSERTION -Audit assertion are those charged with governance of an entity are responsible for ensuring the financial report gives true and fair view of entity and the operation of its. -Management make assertions abt each account and related disclosures in the notes. -Assertion statement made by management regarding the recognition‚ measurement‚ presentation and disclosure of items include in the financial report. auditor use assertion for transaction‚ account balance and presentation and disclosure
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was started in 1944 by a minister named Ralph Harris to let students that didn’t feel like being missionaries help out the efforts to spread the gospel (Speed the Light). Since then speed the Light has grown to be one of the largest church founded charity groups in the world. Although Speed the Light has become so large‚ it was once an emergency program for war time missionaries. Soon after the organization was founded‚ World War II was coming to a close. Harris thought that that would be a hinge
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Strategic Audit Name Institution PART A: Advantages of a Strategic Audit A strategic audit measures the quantitative and qualitative aspects of the performance of a firm based on its past performance. This information will be important to the management in regard to the making of strategic business decisions (Victoria‚ 2010). Strategic auditing has many advantages. First‚ strategic auditing fosters quality decisions resulting from a conceptual understanding of
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Inuit tribes are the most unique Native American tribes because they had cold weather all year long. The Inuits had cold weather because they lived in the Arctic and Arctic was cold because they do not get direct sunlight. Eskimos would be the name everyone knows but there correct name is Inuit. A group is called an Inuit and a member of a group is called an Inuk. Inuits are unique because they could survive in the roughest weather condition. Also the clothes‚ shelter‚ and transportation had to fit
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Social Audit A social audit is a business statement presented annually to understand‚ measure‚ report and improve the organization ’s social and ethical performance. Usually‚ social audit is addressed to employees‚ investors‚ market analysts‚ shareholders and lastly‚ the community. This is considered to be the main ground for practicing corporate social responsibility. With social audit‚ it strengthens the relationship between company‚ society and environment and at the same time showing the
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yer_detailpage&v=KBV-JHJcB7c&list=UUp_A9 126rB138FOGsdm90vw Types of Auditors • • • • • External auditors Internal Auditors Governmental Auditors Forensic Auditors Information Technology 2-4 Types of Audit‚ Attest‚ and Assurance Services Audit Services: Internal Control Audits‚ Compliance Audits‚ Operational Audits‚ Forensic Audits Attest Services: Reporting on nature and quantity of inventory stored in a company’s warehouse so that the company can obtain a bank loan Assurance Services: Auditing is a specialized
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from 1607–1781 and marked a period when European nations were eager to try different methods to explore and conquer the New World. Before the British settled Jamestown in 1607‚ the only lasting colonies had been Spanish colonies in southern parts of America. Unfortunately‚ as was the case in many of the early British colonies‚ the settlers of Jamestown were so focused on finding gold and treasure‚ they didn’t create an actual society‚ and the settlers were not able to sustain themselves. After overcoming
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[pic] MBA Program 38 Strategic Management Mid Term Audit Prepared By: Mohamed Mohamed Kotb Submitted To: Dr/ Ashraf Sheta Contents Introduction………………………………………………………………… 3 Strategic Posture …………………………………………………………… 4 1. Organizational Profile………………………………………………………...........4 2. Vision…………………………………………………………………………………………5 3. Mission………………………………………………………………………………………5 4. Organizational
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Question 3 An auditor examination affected when a client engaged in significant related party transactions is due to increase risk of fraud in the firm. According to ISA 550‚ the auditor should obtain sufficient evidence regarding the disclosure by management of related parties that engage with the client and the effect of the transaction that they made which are materials to financial statement. It mean as an auditor‚ they have to be more aware about the related party when go through the auditing
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elsevier.com/locate/gloenvcha Vulnerability conditions and risk representations in Latin-America: Framing the territorializing urban risk Julien Rebotier * ˆtiment IRSAM – SET‚ 64000 Pau‚ France CNRS – UMR 5603‚ Domaine Universitaire‚ Ba A R T I C L E I N F O A B S T R A C T Article history: Received 24 December 2010 Received in revised form 12 December 2011 Accepted 14 December 2011 Available online 18 January 2012 In risk studies‚ a large scope of approaches has already been defined
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