INTRODUCTION Audit Planning and reporting Auditing planning and reporting are two critical stages in whole audit Cycle. Audit planning is before beginning of field work and reporting is last Stage in bank audit Good planning leads to effective Reporting Planning (also called forethought) is the process of thinking about and organizing the desired activities required to achieve a desired goal. Planning involves the creation and maintenance of a PLAN. As such< planning is
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Audit Program Design Part III for Apollo Shoes Crystal Spencer ACC/546 September 24‚ 2012 Deborah Fitzgerald Thomas Sloan and Spencer Auditing Firm during phase III of Apollo Shoes audit plan‚ we will focus in two key cycles‚ which are the following: inventory and warehouse cycle and cash cycle. It is important to understand that are six types of transactions in the inventory and warehouse cycles which are: receive raw materials‚ store raw
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AUDIT FAILURE OF WORLDCOM Group 1 Background • WorldCom‚ first named LDDS (Long Distance Discount Services)‚ grew largely by aggressively acquiring other telecommunications companies in 1990s. • For a time‚ it was the United State’s second largest long distance phone company (after AT&T). Background However‚ the year 2002 comes… • In March‚ the SEC began to investigate WorldCom as it reported large profit while AT&T reported loss. • In May‚ Arthur Anderson was replaced by KPMG
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INTRODUCTION This case presents the actual family-business dilemma and identities have been changed to protect family privacy. The author’s opinions do not necessarily reflect the views of the Malaysian Institute of Accountants and this case was written for academic purpose only and the author disclaims any legal responsibilities. This report will be discussed more details about the issues that arise in the company. Those issues are about the leadership‚ management and also
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Identifying and comparing the main components of blood. By Jason T Morrison. Blood‚ what an amazing substance. It has only been since being set this task by one of my tutors‚ Dr C Dublon that I have truly realised how amazing blood really is. Blood is not as some people may think just made up of one component‚ but many different components working together in an almost symbiotic relationship. The average human being carries approximately five litres of blood‚ which is equivalent to about
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Maria Tortorelli Eng 323-940 6/26/12 Unit 1 The diverse components that construct the filmmaking process vary in complexity. Sound‚ narration‚ stars‚ writers‚ and cinematography are only a few elements essential to filmmaking. Although each of these features make up the filmmaking process‚ I believe the most complex aspect is sound. Sound is segregated into three branches which include live sound‚ sound effects‚ and music. Live sound is expressed as the dialogue between
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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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channels‚ and service. Marketing plan is a written document that summarizes what the marketer has learned about the market place and indicates how the firm plans to reach its marketing objectives. It contains tactical guidelines for the marketing programs and financial allocation over the planning period. It is one of the most important outputs of the marketing process. Marketing plans are becoming more customer and competitor oriented and better reasoned and more realistic than in the past. Marketing
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management science) is simply a scientific approach to decision making that seeks to best design and operate a system‚ usually under conditions requiring the allocation of scarce resources. By a system‚ we mean an organization of interdependent components that work together to accomplish the goal of the system. For example‚ Ford Motor Company is a system whose goal consists of maximizing the profit that can be earned by producing quality vehicles. The term operations research was coined during World
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MA Table 2 – Assessment Components Assessment components Weighting Individual / Group* 1. Assignment 1 20% I 2. Assignment 2 30% I 3. Examination 50% I Module Assessment Components In the following pages‚ further details of each assessment component are presented along with expectations in relation to prior preparation and completion
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