Jurgen Skembi Homework5 Internal Control Audit Standards a. For what purposes should an auditors’ understanding of the internal control components be used in planning an audit? An auditors’ understanding of the internal control components should be used for 3 reasons: a) To identify the potential misstatement that might occurs b) To identify the factors that affect the risk of material misstatement c) To influence the design of substantive procedures b. What is required
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An Internal Analysis of BMW’s strength BMW was formed in 1916 as an aircraft engine manufacturing company. Today’s BMW has become a leading automobile manufacturing company. It focuses on manufacturing luxury vehicle. So‚ what internal factors give BMW an advantage in meeting the needs of its target market? BMW is customer friendly. In its website‚ it allows customers to build the car of their dream. BMW also send text message to its customer reminding them to buy winter tires and directing
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any document is either destroyed or concealed from government investigation. 2. Name and briefly describe the five components of COSO’s internal control framework.(10 points) The Control Environment: This relates to the control consciousness of people within the work environment/organization. This is the basis for all the other components of internal control. Risk Assessment: This refers to the organization’s
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Internal Colonialism: Internal colonialism is a notion of structural political and economic inequalities between regions within a nation state. The term is used to describe the uneven effects of economic development on a regional basis‚ otherwise known as "uneven development"‚ and to describe the exploitation of minority groups within a wider society. This is held to be similar to the relationship between metropole and colony‚ in colonialism proper. 1.2. The Bengali Ethnonationalist Movement
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An internal conflict exist in Ismene for not trying to help her sister when first asked; the internal conflict becomes the reason for her trying to take some blame in the acts Antigone done herself. The daughters of Oedipus Rex mirror each other when it comes to the importance of loyalty to family or
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IV. Internal Environment: Strengths & Weaknesses (SWOT) A. Corporate Structure: 1. CEO: Micky Meir Arison Chairman‚ Chief Executive Officer‚ Subsidiary Officer Executive Carnival Corporation & plc. Highest authority in firm also keeps the company close to its roots and initial vision. (S) 2. Operating Committee: Formulates business strategy and helps to formulate corporate strategy and functional strategy by committing resources to sustainable high quality services and products
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Assignment 6.2 Employees as Internal Customers In recent years‚ m any employers and employees have been faced with a horrid economic downturn. Many employees have been laid-off‚ demoted and a slew of other horrible issues. Many employers let go of average employees and retained the high-performers. What seems to be the norm nowadays is to pinch every penny and never give more than what is necessary. This leads to employers devaluing their employees and making high performers feel inadequate and
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cases are assumed to be equally or uniformly distributed. a- Uniformly distributed load. a- Uniformly varying load. Concept of Shear Force and Bending moment in beams: When the beam is loaded in some arbitrarily manner‚ the internal forces and moments are developed and the terms shear force and bending moments come into pictures which are helpful to analyze the beams further. Let us define these terms Now let us consider the beam as shown in fig 1(a) which is supporting
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history‚ in addition to having the greatest representation of people. These developments are profoundly affecting the way in which organizations restructure themselves and develop their organizational mission. In this paper‚ the group will analyze how internal and external forces impact organizational behavior in an organization. The organization’s mission covers various areas of interest including the service expected as well as the upkeep of the organization to attract potential customers. It is known
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apparent paradox. 2. Why are small companies important to our economy? What are the major problems faced by small companies? 3. Give some examples of how organizations can affect the cities in which they are based. 4. How can internal organizational changes affect the social structure of the organization? How can managers minimize the negative aspects of change in order to preserve the social structure? 5. Explain the differences between horizontal and vertical differentiation
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