Internal Control and Accounting Systems Learning Area Overview Welcome to this learning area overview for Internal Control and Accounting Systems‚ prepared by AAT. In this overview we’ll explain what Internal Control and Accounting Systems is all about‚ and how it fits into the bigger picture of the AAT Accounting Qualification. We’ll explore the main topics you can expect to cover‚ and how the knowledge and skills you’ll pick up will be of practical use to you in the workplace. Finally‚ we’ll
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As part the celebration of the 50th Anniversary of the OECD‚ OECD Internal Audit and the OECD Public Governance and Territorial Development Directorate‚ in partnership with the Institut Français de l’Audit et du Contrôle Internes (IFACI)‚ the French Chapter of The Institute of Internal Auditors (The IIA) organised a Seminar on: Internal Control and Internal Audit: Ensuring Public Sector Integrity and Accountability‚ which was held on 13 April 2011 at the OECD Conference Centre in Paris. Fostering
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Theories of auditing There are several different theories that may explain the demand for audit services. Some of them are well known in research and some of them are more based on perceptions. Figure 1 illustrates four audit theories according to Hayes et al. (2005). The policeman theory claims that the auditor is responsible for searching‚ discovering and preventing fraud. In the early 20thcentury this was certainly the case. However‚ more recently the main focus of auditors has been to provide
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Memorandum TO: Ethan Hall‚ President FROM: Alex O’Neill‚ Personnel Department DATE: September 21‚ 2014 SUBJ: City Recommendation for New X37 Plant Federal Chemical Inc. faces the task of determining the most adequate location‚ within Louisiana‚ for the creation of a new X37 chemical plant that best capitalizes on a sufficient and qualified labor force. In addition‚ the plant must have full access to a water supply that allows Federal Chemical to utilize barges for transportation
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How does the author use conflict to develop the characters and the theme? If you win the lottery‚ you would expect to become a millionaire. Instead‚ you got stoned to death. In her contemporary short story‚ “The Lottery‚” the author‚ Shirley Jackson uses the external conflict of blindly following rituals to demonstrate the danger of the following tradition blindly and the cruel nature of the characters. To exemplify the first point‚ I say that the lottery serves as the symbol of conservatism. In
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When does employee fraud occur? It is commonly accepted that the presence of the three elements of the “Fraud Triangle” increases the risk of employee fraud: Motivation: The employee is somehow motivated to commit a fraud. Economic factors such as personal financial distress‚ substance abuse‚ gambling‚ overspending‚ or other similar addictive behaviors may provide motivation. The current national economic recession may serve to increase the incidence of such financial motivations. Opportunity:
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Brutus‚ in Shakespeare’s play “Julius Caesar”‚ is a powerful public figure who is a true Roman with a sense of honor. Brutus is conflicted with his values. He sees Caesar as a friend and does not want to kill him‚ but he has been convinced that the assassination is for the good of the state. While the other conspirators plan to kill Caesar due to envy and rivalry‚ Brutus is the only one who truly believes that Caesar’s death will benefit Rome. ----. ----. Brutus’ inner conflict in the play is that
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Internal Control and Risk Evaluation Internal controls are the key to running a successful business. Kudler Fine Foods‚ after reviewing flowcharts created by Accounting Team A‚ is requesting information regarding controls for system improvements. Presented here is an analysis of their current accounting information system‚ risks and controls associated with this system and an evaluation of applying internal controls to help mitigate risks and losses. Risk Analysis Assessing risk is a difficult
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stops. SBS Transit also runs the Sengkang LRT system with six stations currently in operation and the NEL with 16 stations. SBS Transit carries 2.4 million passenger trips a day and relies entirely on fare revenue to finance its operations. Company Analysis Mission Statement Our Vision: Moving People in a safe‚ reliable and affordable way. Our Mission: To achieve excellence for our customers‚ employees‚ shareholders‚ and community. To this end‚ we are committed to delivering safe and reliable services
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A Study on Effective Implementation of Internal Audit Function to Promote Good Governance in the Public Sector Zeleke Belay (BA‚ BSc‚ ACCA‚ MSc‚) Lecturer at College of Telecommunication and Information Technology Department of Telecommunication Management Email: zelekebly@yahoo.com Mobile: 251 9 11 66 98 61 Office : 251 11 416 99 00 P.o Box: 1413‚ Code 1110 Addis Ababa Presented to the “The Achievements‚ Challenges‚ and Prospects of the Civil Service Reform Program Implementation in Ethiopia”
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