target market members. Demographic characteristics can usually be determined through research‚ including brain-storming and researching literature on the Internet and at libraries. 2. the name of the business‚ Business Name The major problem that SME owners make in naming their businesses is naming them after themselves instead of selecting a name that represents what the business does or sells. We often see names such as “chitra waffers” or “Restoran Ayu”‚ which are fine‚ but really‚ does that
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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
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IMPACT OF EMPLOYEE PERCEPTION AND ATTITUDE ON THE EFFECTIVENESS OF INTERNAL AUDIT IN PUBLIC SECTOR INSTITUTIONS A CASE STUDY OF NATIONAL SOCIAL SECURITY FUND IN KENYA ABSTRACT……………………………………………… …………………….…………..vii CHAPTER ONE: INTRODUCTION 1.0 2.0 Introduction…………………………………………………………………………….6 2.1 Internal Audit Function………………………………………………………………...6 2.2 Literature Review………………………………………………………………………7 2.3 Internal Audit Effectiveness……………………………………………………………8 2.4 Conceptual Framework………………………………………………………………
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Information Technology‚ Internal Control‚and Financial Statement Audits By Thomas A. Ratcliffe and Paul Munter In Brief ASB Tackles IT System Control Risk Modern data processing systems pose new‚ risk-laden challenges to the traditional audit process. Whereas it was once possible to conduct a financial statement audit by assessing and monitoring the controls over paper-based transaction and accounting systems‚ businesses have increasingly turned to electronic transaction and accounting
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despite the importance of SMEs in all economies‚ particularly in the less developing countries‚ the SME sector is met with reluctance both by the government as well as individuals in the sector. When SMEs fail‚ which is a very common phenomenon governments point fingers to SME entrepreneurs and vise versa. (I) With practical examples‚ make a critical discussion on the reasons for the failure of SMEs in Tanzania (II) Come up with possible solutions so that a vibrant SME sector in the economy is achieved
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AND TRAINING ON SME DEVELOPMENT AT THE CITY OF WINDHOEK A RESEARCH PROPOSAL SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE POST GRADAUTE DIPLOMA OF BUSINESS ADMINISTRATION OF THE UNIVERSITY OF NAMIBIA BY LUCAS RUMINGU SINDERE APRIL 2013 Main Supervisor: Mr. Albert Kamuinjo Co-supervisor(s): . ....................... Introduction 1.1 Orientation of the proposed study In many developing countries with Namibia not an exception‚ SME’s play an important role in contributing
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ISLAMABAD EXECUTIVE SUMMARY This project’s report is about MOTIVATION.I tried my best to discuss all the relevant concepts and topics of Learning and motivation in SME BANK. To complete my task I select head office of SME BANK‚ BLUE AREA ISLAMABAD to gather all the relevant information regarded with my topic. Motivation has a big impact on the performance and productivity of the employee in almost all the organizations. In the motivation
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INTRODUCTION In this group project‚ which consists twenty marks. This project is required from a group which 4 to 6 students. The objective of this assignment is for the group members understand the overall operation of the company. In this assignment‚ our group’s choice is Mr. Mohammad Nasser Bin Mohammad Yusof as the founder of Purnama D Craft. His business totally 24 years running until today‚ now in the year 2014. Many types of item based on batik and songket are sold in his store. When he
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AUDITING THEORY 8. Which of the following should an auditor do when control risk is assessed at the maximum level? A. Perform fewer substantive tests of details. B. Perform more tests of controls. C. Document the assessment. D. Document the internal control system more extensively. 9. Which of the following is least likely to be a test of a control? A. Inquiries of appropriate personnel. B. Inspection of management’s engagement letter. C. Observation of the application of a policy. D. Reperformance
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Q1 - What is the relationship between the risk assessment process and the collection of audit evidence? The risk assessment process happens at the very beginning of the engagement and is to determine the level of risk present in the company. The risk assessment phase is when the auditor assess the client’s situation‚ conducts an independence threat analysis and decides whether to accept the client or not. The risk assessment is influenced by various factors such as the degree to which external
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