Question 1 Management audit is a term used to describe the kind of audit work carried out to look into the economy‚ efficiency and effectiveness of the organization and its component parts. Efficiency in this sense has to do with determining whether resources (personal and property) are being used optimally within the bounds of what is practically feasible. Effectiveness involves determining whether resources are being used to proper effect. Economy relates to the avoidance of unnecessary waste
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MF0013 – Internal Audit and Control - 4 Credits (Book ID: B1211) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. Explain the use of Sampling technique in Internal Audit ( SA500) Q2. Discuss‚ in brief‚ the advantages and limitations of auditing. Q3. Discuss the main scope and objects of internal audit? Q4. As a senior audit assistant of M/s. Asutosh Associates‚ you are in charge of internal audit team of M/s Rajesh Technologies involved
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of the determinants of the effectiveness of internal audit in organization. This finding specifically investigates five determinants of internal audit effectiveness which are in-house internal audit vs. outsources internal audit‚ independent and objectivity of internal audit‚ staff competency‚ management support and tone at the top and scope of services and planning. Toward this end it confirms the five determinants of the effectiveness of internal audit are needed in ensuring the well-being of an
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the CTB Table of Contents | Do the Work | Solve a Problem | Use Promising Approaches | Connect with Others Workstation Sign-In Services Share on printShare on emailShare on facebookShare on favoritesShare on googleShare on twitterMore Sharing Services433 Table of Contents Chapter 37. Some Operations in Evaluating Community Intervent... > Section 5. Collecting and Analyzing Data Collecting and Analyzing Data | | Contributed by Phil Rabinowitz and Stephen FawcettEdited
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2.2.3 Data Collection Another crucial stage that cannot be ignored is deciding on the type and nature of data that is to be used in the research. Ideally‚ there are three types of data that a researcher can collect using primary research. First‚ the data can be quantitative in nature. This refers to data that is capable of been converted into a numerical value (Kothari 2004). One of the benefits of quantitative data is that its measurement does not require critical reviews‚ making it easy to collect
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Data Collection Introduction Review of Literature The first peer-reviewed article was showing how in the 1950s‚ SUV’s (sport utility vehicle) sales increased tremendously with baby boomers. People were in need of larger vehicles to accommodate their entire family. This was not just for domestic vehicles this also included foreign vehicle. With so many people interested in purchasing the SUV’s‚ this led to other car companies designing more comfortable‚ larger vehicles. Another peer-reviewed
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Sampling and Data Collection in Research Paper Sampling and data collection is made up of many things and is used in many things. The one main thing is research and in research it helps to obtain information about groups or individuals without being bias. Along with the research‚ making sure that it is valid and reliable is very important and knowing the ways that research can be done surveys via online or telephone. The purpose of sampling is that if a researcher
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Internal audit and review reports |by Katharine Bagshaw | | |29 Jan 2003 | | |Internal auditors‚ external auditors‚ and consultants who perform internal audit and review engagements provide reports to management | |(internal audit reports)
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problem that financial data used in one application is not easily transferable to other applications? a) XMP b) ERP c) XBRL d) XMLP 3. Information systems auditors are: a) Auditors who are concerned with analyzing risks associated with computerized information systems b) Individuals who often work closely with financial auditors c) Auditors who have a lot of technical expertise related to information technology d) all of the above 4
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INFORMATION SYSTEMS AUDIT Introduction An information technology audit‚ or information systems audit‚ is an examination of the controls within an Information technology (IT) infrastructure. IT auditing is a branch of general auditing concerned with governance (control) of information and communications technologies (computers). IT auditors primarily study computer systems and networks from the point of view of examining the effectiveness of their technical and procedural controls to minimise risks
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