Interim An audit which conducted in between the two annual audits with a view to find out interim profits to enable the company to declare an interim dividend is known as Interim Audit. It is a kind of audit which is conducted between the two periodical or balance sheet audits. Objectives Of Interim Audit 1. To know profit or loss of interim period. 2. To distribute interim dividend. 3. To get loan on the basis of interim account. 4. To get information about the financial position
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for so long‚ abstinence-only sex education has proven to be ineffective in preventing pregnancy and the spread of sexually transmitted diseases in teenagers and young adults. In order to reduce the growing rates of teen pregnancy and STD’s‚ a comprehensive sex education program that explains the importance of contraception and sexual health for the active teen should be taught in conjunction with the benefits of abstaining from sexual activity. In 1997‚ Franklin County‚ North Carolina removed chapters
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The Demand for Audit and Other Assurance Services O ssu a S s Chapter 1 ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-1 SarbanesSarbanes-Oxley Act Enron WorldCom The Act established the Public Company Accounting Oversight Board. It also requires auditors to report on the effectiveness of internal control over financial reporting. ©2012 Prentice Hall Business Publishing‚ Auditing 14/e‚ Arens/Elder/Beasley Arens/Elder/Beasley 1-2
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Internal Audit Report for ABC Company Abstract The purpose of this report is to notify the accounting department about an accounting error that was discovered in a recent audit. Because of a weak internal control system‚ an adjusting entry for prepaid insurance was not recorded for the first three months in the amount of $500 per month. This report will identify three limitations of the internal control system‚ it will identify and explain two examples of internal control procedures‚ find symptoms
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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’‚” Accounting Education: an international journal‚ 10(4)‚ 421– 428) by investigating
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Economics and Global Business Applications Task 4 This report will detail cross-cultural issues that may be faced when a firm does business within the borders of the highly populist country. With the emergence of the WTO (World Trade Organization) international trade drastically increased allowing countries to participate in foreign trade in turn raising the GDP (Gross Domestic Profit) and exposing their products to a broader audience. Not only are countries able to trade standard goods and services
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(ACC4012) Bryan’s Publishing Case Question 2 BookStore Company Limited is a 100% subsidiary of Bryan’s Publishing and specializes in the publication and distribution of business text books. BookStore employs on average 50 employees and sales for financial year December 2011 exceeded $20 million. Bryan periodically sends a member of its Internal Audit Department to audit the operations of its subsidiaries. Phillip Smith is an Internal Audit staff working with Bryan’s Publishing. He previously worked
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A. Country Identification: The company has brought to our attention that it desires to expand into the Eastern Asian market where it is believed that the opportunity will be best and certainly more than double its profits by this venture. The Country of choice will be China; location is the city of Macau‚ which is an established trading center in Southeast Asia. B. Major Cross-Cultural Issues and Impacts: There are some marketing aspects to consider. Our approach must be culture sensitive
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GKE1- Task 4 Social Consequences One of the most significant social consequences during the Industrial Revolution was child labor. During the late 1700s up until the Factory Act of 1833‚ children as young as six were working on average 12-14 hours a day in factories for little to no pay. The conditions in factories were deplorable‚ and the child workers were frequently forced to work with dangerous‚ heavy equipment. There were many accidents in these factories that resulted in children being
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Running Head: MMT2 Task 1 - Technology Upgrade Proposal IT Strategic Solutions – MMT2 Task 1 Technology Upgrade Proposal Western Governor’s University 1 MMT2 Task 1 - Technology Upgrade Proposal 2 A – Utilizing SWOT Analysis to Evaluate the Existing IT Infrastructure Strengths After analyzing the background information and data provided in the case study‚ the following were identified as the strengths of AEnergy’s current IT infrastructure: • Recent upgrade of IT infrastructure – According
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