External Auditing – Week 4 discussion What do following risk categories mean: planned detection risk‚ inherent risk‚ control risk‚ acceptable audit risk? Can you give some examples? How do we as auditors deal with them? DETECTION RISK Detection risk is the risk that auditor’s substantive procedures will not detect a misstatement that exist in an account balance or class of transactions that could be material‚ individually or when aggregated with misstatements in other balances or classes.
Premium Auditing Audit Internal control
External/Internal Factors While driving on a congested freeway during rush hour many people may have often wished that all the other cars would simply disappear so we arrive at our destination on time. Realizing that it is beyond their control‚ their thoughts may return to another solution and something that they can control – the departure time. All those other cars on the freeway are external factors affecting a commute to work. Their presence or behaviors are beyond an individual’s
Premium Ethics Management Business ethics
with a series of ten questions that involved discussing what a typical day looked like‚ how long it took her to get where she is today‚ what frustrates her in her job‚ and if she is genuinely happy with what she does on a daily basis. By conducting this interview with a family member‚ I feel that I have gotten to know her better and gotten a better idea of what her work life looks like. Starting off‚ I asked her simply how many students she sees in any given day. She replied by stating that she
Premium Question Interrogative word Single person
Response to Client Request II According to Schroeder‚ Clark‚ & Cathey (2011)‚ a contingency is a possible future event that will have some impact on the firm (p. 369). The most frequently encountered contingencies are pending lawsuits‚ income tax disputes‚ notes receivable discounted‚ and accommodation endorsements. The FASB reviewed the nature of contingencies in SFAS No. 5‚ “Accounting for Contingencies.” In SFAS No. 5‚ there are two types of contingencies that are defined: gain contingencies
Premium Balance sheet Asset
119–129 Contents lists available at ScienceDirect International Journal of Hospitality Management journal homepage: www.elsevier.com/locate/ijhosman Total quality management‚ market orientation and hotel performance: The moderating effects of external environmental factors Cheng-Hua Wang a ‚ Kuan-Yu Chen b ‚ Shiu-Chun Chen a‚∗ a b Graduate School of Business and Operations Management‚ Chang Jung Christian University‚ Taiwan‚ ROC Department of Recreation Sport and Health Promotion‚ National
Premium Hotel Market economy Hotel manager
Last diagnostic run time: 12/23/12 12:25:26 DNS Client Diagnostic | DNS - Not a home user scenario | | info | Using Web Proxy: no | info | Resolving name ok for (www.microsoft.com): no | No DNS servers | | DNS failure | | info | Query [www.microsoft.com] against DNS Server 192.168.1.1‚ (Type = 0x1‚ Options = 0x10e8) returns 0x232d | action | Automated repair: Renew IP address | action | Releasing the current IP address... | action | Successfully released the current
Premium IP address Domain Name System
External/Internal Factors Dell is considered a very successful company. According to Govindarajan & Gupta (2005) one of the successes is its customer-direct concept that has been practiced since the company ’s inception. The concept involves dealing with customers directly and not through a third party‚ which helps maintain the quality of the relationship with its customers and also the products. In addition‚ this concept allows Dell to eliminate unnecessary inventories‚ warehouse space and storage
Premium Innovation Management Dell
Master Circular on External Commercial Borrowings and Trade Credits External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of sub-section 3 of section 6 of the Foreign Exchange Management Act‚ 1999 read with Notification No. FEMA 3/ 2000-RB viz. Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations‚ 2000‚ dated May 3‚ 2000‚ as amended from time to time. 2. This Master Circular consolidates the existing instructions on the
Premium Debt Loan United States dollar
EXTERNAL/INTERNAL FACTORS External/Internal Factors Paper External/Internal Factors Paper In 1962‚ the Dayton Corporation opened Target‚ a discount chain store in Minnesota. Through the years‚ Target has grown considerably so that in January 2000‚ the Dayton Hudson Corporation changed to Target Corporation. The Target Corporation Annual Report 2007 states that 118 new stores opened in 2007‚ 33 of them being SuperTarget stores. Nearly 1‚600 stores are operating in 47 states‚ with plans to have
Premium Target Corporation Wal-Mart Management
Cleansing Excess Pitta from the Body by Shannon Mooney According to Ayurveda‚ health is our natural‚ balanced state. Ayurveda defines the many substances and influences‚ both internal and external‚ that are beneficial and detrimental to our bodies. While avoiding every substance or situation that is unhealthy is nearly impossible in today’s world‚ the wisdom of Ayurveda can boost your understanding of health and support choices that lead to a balanced state of being. Ayurveda offers knowledge to
Premium Ayurveda Neem Rash