investors‚ management‚ government‚ and (indirectly) all individuals who are ultimately affected by the integrity of the financial reporting process. Auditors need to remember that they are serving the public interest and not the interests of client management. 1-2. The audit opinion formulation process is a systematic approach by which the auditor evaluates the risk of being associated with a client‚ through the process of gathering and evaluating audit evidence‚ to determining the type of audit opinion
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BIOMEDICAL WASTE 1)Introduction: Biomedical waste‚ also known as infectious waste or medical waste‚ is defined as solid waste generated during the diagnosis‚ testing‚ treatment‚ research or production of biological products for humans or animals. Biomedical waste includes syringes‚ live vaccines‚ laboratory samples‚ body parts‚ bodily fluids and waste‚ sharp needles‚ cultures and lancets. Biomedical waste consists of solids‚ liquids‚ sharps‚ and laboratory waste that are potentially infectious
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GUIDELINES FOR ENVIRONMENTALLY SOUND MANAGEMENT OF E-WASTE (As approved vide MoEF letter No. 23-23/2007-HSMD dt. March 12‚ 2008) MINISTRY OF ENVIRONMENT & FORESTS CENTRAL POLLUTION CONTROL BOARD Delhi MARCH‚ 2008 TABLE OF CONTENTS EXECUTIVE SUMMARY Chapter 1 INTRODUCTION 1.0 Preamble 01 1.1 E-Waste 01 1.2 Environmentally Sound Management of E-waste 01 Chapter 2 OBJECTIVE & SCOPE OF THE GUIDELINES 2.1 Objective 02 2.2 Scope 02
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Project -1 - GOOD HOUSE KEEPING Saving cost through house keeping – Celebration’s apparel has managed to save a big amount of money by introducing a simple concept of wearing slipper on the production floor. The factory has got the shop floor area of 60‚000 sq. feet. To clean this area we need minimum of 6 House keeping employees to ensure that the Plant is clean. The cost of house keeping for the shop floor at present - |Salary of 1 cleaner |Rs.3900
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Enron scandal Enron shocked the world from being “America’s most innovative company” to America’s biggest corporate bankruptcy at its time. At its peak‚ Enron was America’s seventh largest corporation.From the 1990’s until the fall of 2001‚ Enron was famous throughout the business world and was known as an innovator‚ technology powerhouse‚ and a corporation with no fear. The sudden fall of Enron in the end of 2001 shattered not just the business world but also the lives of their employees. Enron
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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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Watergate Scandal The Break In June 17‚ 1972 there was a break in reported. The break in was at the Watergate office complex. There were 6 key players in this story. The first was G. Gordon Liddy; he was engineered and executed the Watergate break in. Many say that it was a rogue operation. It is implied that Nixon and Bob Haldeman and John D. Erlichmann did not know anything about the break in. These men got in trouble because they were part of the cover up. This was all supposed to be set up
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marks) THE INTERNAL AUDIT DEPARTMENT Purpose To conduct independent‚ objective assurance and consulting activities created to add value and improve the operation of Newlands Networks Corporation via systematic‚ disciplined approach to assess and improve the capability of risk management‚ control‚ and governance practices. Slide #1 Speaker’s notes The role and significance on internal auditing has grown extremely and the____ expectations continue to enlarge. Internal audit tasks have an extensive
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AUDIT PLANNING Audit planning procedures are the first and perhaps the most important step in carrying out a successful audit. Without adequate planning‚ the likelihood of missing a significant risk area or encountering engagement-related problems increases considerably. As baseball great and noted philosopher‚ Yogi Berra puts it‚ “If you don’t plan on where you are going‚ you could end up someplace different!” All too often the auditor does not give adequate attention to audit planning for a vast
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in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnet’s financial statements. In discussing the audit fee‚ Allnet’s management suggests a fee range in which the amount depends on the reported profit of Allet. The higher its profit‚ the higher will be the audit fee paid to Thorne’s firms. Would you recommend that Thorne accept this audit fee arrangement? Why or why not? Describe some ethical considerations
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