Ramniklal H. Ambani Mansingh L. Bhakta Yogendra P. Trivedi Dr. D. V. Kapur M. P. Modi S. Venkitaramanan Prof. Ashok Misra Prof. Dipak C Jain Dr. Raghunath Anant Mashelkar Overview Reliance Retail Limited (RRL)‚ a subsidiary of Reliance Industries Limited under Mukesh Ambani‚ is Reliance Group’s foray into organized retail. RRL is based on the growth strategy of backward integration‚ and it generates inclusive growth and prosperity for farmers‚ vendor partners‚ small shopkeepers and
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audit committee 24The reason for the change of auditors. 74Review of working papers related to opening balances and the consistency of application of accounting principles. 7‚79 Study relationships among financial and nonfinancial data to identify areas that may represent higher risks. 32Evaluate difficult- to- audit transactions or balances 20Complex calculations 28Difficult accounting issues. 78Significant judgment by management. 90Valuations that vary significantly based on
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AUDIT EVIDENCE Audit Evidence Definition : All the information used by the auditor in arriving at the conclusions on which the audit opinion is based. This includes the information contained in the account records underlying the financial statements and other information. Additionally‚ audit evidence should be persuasive‚ rather than convincing. There are different levels of reliability of audit evidence‚ some providing more evidence than others. There are nine types of audit evidence
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201037076 Puriza U. Topic: Using technology to improve internal audit communications in the Banking Sector Background Internal auditing has come a long way over the last two or three decades. In the past‚ internal auditing was seen as a mechanism to double-check the thousands of financial transactions that were posted to the accounts each week. Today an internal auditor facilitates the development of suitable controls as part of a wider risk strategy‚ and provides assurances on the reliability
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Fundamentals of Internal Auditing September 5-7‚ 2007 A Three-Day Tutorial Philadelphia‚ PA on Internal Auditing September 19-21‚ 2007 Las Vegas‚ NV Basics October 15-17‚ 2007 Houston‚ TX • Get a well-grounded foundation in the concepts of traditional and operational auditing November 5-7‚ 2007 San Francisco‚ CA November 12-14‚ 2007 • Gain proven tools and techniques for performing value-added audits in the era of Sarbanes-Oxley and PCAOB Boston‚ MA December
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one another. No one person is trying to help another; they are each trying to rise up against the other. 4.What is self-reliance an aversion to? (Paragraph 3) society 5.What is a person’s most sacred possession? (Paragraph 4) the integrity of one’s own mind 6.Do you think there is a difference between self-reliance and the selfishness? Explain your answer. Yes self-reliance is when you rely on yourself for‚ maybe getting things done‚ selfishness on the other hand is thinking only of yourself
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Niko Rojas Ms. Mann English 11 12/5/12 Self-Reliance Ralph Waldo Emerson once said that “A man is relieved and gay when he has put his heart into his work and done his best; but what he has said or done‚ otherwise should give him no peace”. In other terms; Emerson is saying that you are most rewarded when you give something your all or try your best because otherwise you would be disappointed in yourself. This idea applies to me in just about anything I do; from sports to school work and life
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A professional judgment is a key factor in auditing. As a result of development of auditing and accounting industry‚ especially after a series of accounting fraud and auditing failure cases‚ such as Enron and Arthur Andersen‚ in the last decade‚ professional judgments is becoming a more and more important aspect for the independent auditing industry. Recently‚ many countries and professional bad issued more strict auditing standards to emphasize to this point. It means the auditor should be required
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first‚ followed by the completed working papers as solutions to those parts requiring audit working paper completion. The completed working papers are also included in the accompanying instructor’s resource CD (IRCD) for those preferring to use the computer for viewing the completed audit working papers. The solutions on the IRCD may be activated as follows: a. Activate Excel or compatible spreadsheet program. b. Insert the IRCD containing the Biltrite Solutions in your CD drive. c. Retrieve
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Assertions Background information Existence or occurrence: -assets or liabilities of the entity exist at a given date and whether recorded transactions or events have occurred during the period Completeness: -transactions‚ events and accounts that should be presented in the financial statement are included Cut-off -all transactions‚ events and accounts have been recorded in the correct period Right and obligations: -assests represent rights of the entity and liabilities are the obligations
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