"Identify audit procedures that should be applied to cash funds maintained by a client on its business premises" Essays and Research Papers

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    Off Premise Laundry

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    TOPIC: OFF PREMISE LAUNDRY OFF PREMISE LAUNDRY * OPL MEANS LAUNDRY WHICH IS NOT PRESENT INSIDE THE HOTEL PREMISES. * THESE CATERS TO HOTELS ON A CONTRACT BASIS. * THEY CHARGE RATE ACCORDING TO THE TYPES OF LINEN / ARTICLE. * THEY CATERS TO MAINLY THOSE HOTELS WHERE SOMETIMES GUEST FLOW IS VERY LOW AND SOME RESORTS AND SEASONAL HOTELS ARE INCLUDE IN THIS. * MANY HOTELEIARS DOESNOT WANT TO INVEST A HUGE AMOUNT ON LAUNDRY SETUP SO THEY GO

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    employees preferences. Questionnaires should be highly structured to allow the information to be collected from a large number of people in the same way and for data to be analyzed systematically and quantitatively. Objective of the questionnaire is to maximize the response rate and to obtain accurate relevant information for the survey‚ in this case opinion and of the use of public transportation when commuting to work. In this case the questionnaire should be of closed format because it will be

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    Audit

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    Accounting Education: an international journal Vol. 20‚ No. 2‚ 203– 222‚ April 2011 Adding Value to Audit Education through ‘Living’ Cases JULIE DRAKE University of Huddersfield‚ UK Received: November 2009 Revised: July 2010 Accepted: September 2010 ABSTRACT This paper seeks to address the perceived failure of university teaching to foster critical understanding of audit practice and to identify a potential remedy. It contributes to the debate (Maltby‚ 2001‚ “Second thoughts about ‘Cases in Auditing’

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    Cash Management

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    Cash Management Practice In Sustainable Land Use Forum (SLUF) PROJECT PAPER Submitted to: The Department of Accounting FACULTY OF BUSINESS AND ECONOMICS UNITY UNIVERSITY COLLEGE As Partial Fulfillment of the Requirements for BA Degree in Accounting Advisor/Instructor: Dr. G. Satyana Rayana (PHD) Prepared By: ZEWDIE MOLLA (IDEA1/93) ID No. 1480/94 May 2006 Table of Contents Chapter I 2 1. An over view of Non Governmental Organization 2 1.1. In the world

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    Applied Business Law - 1

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    because I sent Delilah to act on my behalf and according to agency relationship it clearly states that in a principal-agent relationship‚ the parties agree that the agent will act on behalf and instead of the principal in negotiating and transacting business with third persons (Roger LeRoy Miller‚ 2008). An agent id empowered to perform legal acts that are binding on the principal and can bind a principal in a contract with a third person (Roger LeRoy Miller‚ 2008). There are other principles that can

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    audit

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    Fundamental concepts of f/s audit Materiality misstatement of accounting information. is a matter of professional judgment Audit risk The auditor expresses an inappropriate audit opinion when the financial statements are materially misstated‚ Evidence (more than “per discussion with client) Major phrases of audit: Client acceptance/continuance; Preliminary engagement activities; Establish materiality and assess risks; Plan the audit ;Consider and audit internal control; Audit business processes and related

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    AUDIT PLANNING

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    AUDIT PLANNING Audit planning procedures are the first and perhaps the most important step in carrying out a successful audit. Without adequate planning‚ the likelihood of missing a significant risk area or encountering engagement-related problems increases considerably. As baseball great and noted philosopher‚ Yogi Berra puts it‚ “If you don’t plan on where you are going‚ you could end up someplace different!” All too often the auditor does not give adequate attention to audit planning for a vast

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    Determine Client

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    Question 1 – Develop an awareness of the client situation (a) List five (5) topics you would discuss with Sarah and Stan at your first meeting. Why are these topics important? Give a brief reason for the need to discuss each topic. (Each discussion topic: 1 mark each ‚ Reason: 1 mark each) 10 marks 1. Personal Details As a financial planning organisation we are subject to certain legislative and regulatory requirements which necessitate us to obtain personal information about Sarah

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    1.Write a detailed report on the procedures that are being followed by the business organization that you are currently working in to build client relationships and business networks. My company called Bybloss‚ is a big and popular company that produces a range of cosmetics‚for men and women. In this company I `am a sales and marketing manager‚so I am responsible for taking care of new products‚ some improvements‚ as well‚ as taking care of the work of my empolyess. Last week‚ our company

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    Audit

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    1 Chapter 7: Audit Evidence I. Definition: Evidence – information used by the auditor to draw conclusions on the fair presentation of the financial statements. Audit objectives suggest the types of evidence to accumulate. II. Decisions on evidence accumulation A. Which audit procedures to use. General Objectives: Six TRAOs Eight BRAOs Four PDAOs Accounting Cycles: Five Management Assertions Specific Objectives: At least: Six TRAOs Eight BRAOs Four PDAOs Audit Procedures: At least one

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