ACC 3401 Audit and Professional Ethics │LECTURE 1│ Concepts of Auditing Learning Objectives After the lecture‚ students should be able to: describe the nature‚ purpose and scope of an audit; describe various basic principles and concepts of auditing and explain their importance in the actual audit procedures; and describe the professional framework within which auditors must operate. 1. Accounting vs. Auditing Accounting - the process of recording‚ classifying‚ summarizing and
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Concept of Globalization Globalization means different things to different people. The three important perspectives of globalization are as follows: • To a business executive‚ globalization refers to a strategy of crossing national boundaries through globalized production and marketing networks. • To an economist‚ globalization refers to an economic interdependence between countries covering increased trade‚ technology‚ labor‚ and capital flows. • To a political scientist‚ globalization
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PROFESSOR SUBMITTED BY: HEMANSHI ANDLEY CLASS: 8TH SEMESTER ROLL NO: 1689 PREFACE This assignment throws glimpse on the important aspect of the Equity and trust-‘CONCEPT OF EQUITY’. The law relating to equity is largely built on precedent. The rules have been built upon by previous situations which they have dealt with. Equity" may generally be defined as the correction of a defect or error in the law. This idea
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What is Management? Management is a worldwide phenomenon and is therefore a popular and widely applied term. Management involves all kinds of organizations‚ whether they are political‚ business‚ social or cultural because it aids and provides directions for reaching a specific goal through the efforts of the people working in an organization. Management is an activity with a definite purpose or aim. It is an activity which gives direction to the people’s endeavors for accomplishing specific set
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wind and water mills‚ mosques and churches. There are different ways of classifying settlements. Settlements can be classified in the following ways: 1. Rural/urban classification 2. Pattern classification 3. Function classification CONCEPT OF SETTLEMENT The study of settlement is of great importance to human geography. Man cannot do but live and settle in a geographical area. He is a social animal thus‚ he cannot live in isolation and so has settlement made up of different group of
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The word recklessness in everyday language conveys the idea of taking an unjustifiable risk. Within the law‚ recklessness has acquired two definitive meanings‚ which are individually known as subjective and objective recklessness. The basis for recklessness in criminal law is derived from the fundamental maxim‚ acteus non facit neum nisi mens sit rea ’‚ to the nearest effect‚ a man cannot be guilty on the basis of his actions alone; he must also have a guilty mind. The initial approach to recklessness
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using a gate. Here the person who make a decision is called “Gatekeeper”. At first it is widely used in the field of psychology and later it occupies the field of communication. Now it’s one of the essential theories in communication studies. Concept: The Gatekeeper decides what information should move to group or individual and what information should not. Here‚ the gatekeeper are the decision makers who letting the whole social system. The gatekeeper is having its own influence like social
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Biohome Concept Statement People affected by biochemical components‚ specifically radiation‚ zinc‚ and lead being released into the air‚ soil and most importantly water because of an Earthquake is a disaster where people could be forced to live in a temporary or emergency shelter. The focus for these shelters will be to accommodate the physical‚ psychological and sociological needs for people in search of housing. An emphasis on maintaining a sense of self‚ social and cultural identity will
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Concept of Ethnicity Concept of Ethnicity is being interpreted by many school of thoughts. Ethnicity has turned out to be conspicuous in prominent and insightful thoroughly considering the most recent 50 years. In the late 1960s a couple key works fortified the development of a confusing collection of writings. Ethnicity is a fervently idea. Since it rose as a critical type of aggregate personality in the 1960s‚ it has been appropriated by a wide range of individuals for a wide range of purposes
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higher pricing point until the items reaches to the final consumers i.e. the customers. Market intermediaries is also known as Middlemen or Distributed intermediaries. There are four basic types of marketing intermediaries in the marketing concept. They are as follows: a. Agent b. Distributor c. Wholesalers d. Retailers Agents: can be regarded as an independent individuals or company the whose function is to act as the primary selling arm of the producers. Agents take possession
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