Subject Code – MF0013 Subject Name – Internal Audit and Control -4 Credits (Book ID: B1211) Assignment Set- 1 (60 Marks) Q.1 Critically evaluate the qualities of an Auditor in the wake of recent scams Ans:- What should be the qualities of Internal Audit Personnel? There is no universal answer to this question. We can only generalize about the qualities of internal Audit Personnel. It has been observed that internal auditors and independent auditors often belong to the same professional organization
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Final Written Report I. Problem: Which battery lasts the longest out of two different brands Kingever‚ Eveready? II. Title: Battery Life III. Abstract: Nowadays people do not know if batteries are fully charge or completely cahrge‚ because people create some batteries baecause of "crisis". People generally used battery once and later throws it. But in many cases it is recharged for longer time in many power applications. Through batteries‚ we can use emergency lights‚ radios and
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relevant point) Scenario 1 o The auditor would need to confirm information provided by the CFO with the bondholder’s. o The CFO has classified the bond as current and provided a going concern note and therefore the financial statements are in compliance with GAAP. o The auditor would need to perform procedures as to the adequacy of the note disclosure. o If the going concern note disclosure is considered adequate‚ the auditor would issue an unqualified opinion with an emphasis of matter paragraph
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clinic‚ you are responsible for gathering information before she sees the physician. 1. What are the two most important questions to ask to determine possible pregnancy? The most important questions to ask to determine pregnancy are the first day of their last period and if they have ever been pregnant before. 2. She tells you she has never been pregnant. How would you record this information? If she has never been
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results. At this moment‚ I have learned that I value others opinions on topics‚ but not so much as what they think about me. If If I can make something happen in a productive manner that is for the good of all‚ I have no problem doing it even if it destroys some of the relations that I currently have.
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Composition 16 September 2014 What to Consider When Creating a Memorial A memorial is a materialistic piece that is intended to make people remember and have an emotional relationship with the event that took place‚ or person that accomplished a goal or made a great sacrifice that made an impact. What deems something or someone worthy of having a monument created? What should be considered when planning and constructing the monument? There are several factors that should be taking into consideration
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special capabilities.2 The benefits of successfully combining the two approaches are significant. Managers leverage their company’s resources in four ways. First‚ they maximize returns on internal resources by concentrating investments and energies on what the enterprise does best. Second‚ well-developed core competencies provide formidable barriers against present and future competitors that seek to expand into the company’s areas of interest‚ thus facilitating and protecting the strategic advantages
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are now becoming increasingly popular. But in the meantime‚ public debate has been going on in my country over whether students should play computer games or not. The term “computer games” refers to video games played on personal computers‚ which now have a variety of genres‚ such as online games‚ local area net work games and emulation games. This essay will argue that students should not play computer games. The reasons for this include the threat to students’ health from computer games‚ the waste
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Abnormally High Audit Fees Impair Audit Quality? Jong-Hag Choi‚ Jeong-Bon Kim‚ and Yoonseok Zang SUMMARY: This study examines whether and how audit quality proxied by the magnitude of absolute discretionary accruals is associated with abnormal audit fees‚ that is‚ the difference between actual audit fee and the expected‚ normal level of audit fee. The results of various regressions reveal that the association between the two is asymmetric‚ depending on the sign of the abnormal audit fee. For observations
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Statement Analysis ------------------------------------------------- ------------------------------------------------- Critical Review ------------------------------------------------- ------------------------------------------------- Astral Records Ltd ------------------------------------------------- Ewelina Łaguna 23200 ------------------------------------------------- Joanna Czechowicz 23155 ------------------------------------------------- Yue Jingtong 23275 -------------------------------------------------
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