Substantive Procedures for Cash Outflow Irregularities Substantive Procedures for Cash Outflow Irregularities Apollo Shoes has recognized that there is a risk of loss due to irregularities in cash outflows‚ accounts payable‚ and payroll. Substantive procedures for cash outflows‚ accounts payable‚ and payroll are needed to detect irregularities in each of these. Failure to implement appropriate procedures will lead to loss irregularities. Substantive Procedures to Evaluate Cash Irregularities
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Substantive Procedures - Asset Irregularities ACC/556 November 24‚ 2014 Introduction This next phase of the auditing process for Apollo Shoes Inc. (Apollo) is the designing of an audit program‚ which will detail substantive procedures for detecting irregularities in the accounts receivable‚ inventory‚ and fixed assets audit cycles. Fixed Assets Apollo’s irregularities in fixed assets‚ has caused concern for substantive procedures to be designed to audit this cycle. The most common schemes where
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Substantive Procedures for Cash Outflow Irregularities Substantive Procedures for Cash Outflow Irregularities There are many irregularities that can arise within the different accounting departments at Apollo Shoes. An audit program will be designed according to the three cycles that will be outlined below. The first cycle that will be discussed is cash‚ then accounts payable and finally the payroll function. These cycles will be evaluated for substantive procedures for Apollo Shoes
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that make up the four classifications of law. 1. Substantive of laws vs. Procedures of laws- Substantive of law is the substance that makes up a law. It is the meaning of a law that explains what you can and cannot do. For example the law states that you cannot murder another human being unless it was in self defense‚ you were under duress‚ or if you were drugged by another person. Unlike substantive of law‚ Procedures of laws are just the steps that must take place when
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Recently‚ Individual Visit Scheme (IVS) has become a controversial topic in Hong Kong. Online forums‚ newspapers and magazines are weighing the pros and cons of the scheme every day. Undoubtedly‚ it boosts the Hong Kong tourism. However‚ it has led to several drawbacks to Hong Kong in resource allocation‚ culture differentiation and livelihood. To commence with‚ for resource allocation‚ IVS greatly makes the distribution of resources in Hong Kong become chaotic. After the implementation of IVS‚
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Substantive law is law that defines rights and duties‚ such as crimes and punishments‚ civil rights and responsibilities in civil law. An example of substantive law is the law of murder: intentionally killing another person. Substantive law basically answers the question: What is the law? Procedural law is the law governing the machinery of the courts and the ways by which both the state and the individual enforce their rights in the courts. Procedural law is more like when a person can be arrested
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3.How to detect the fraud? There are many ways to detect the fraud .They can simply be divided into two categories One is quantitative analysis‚another is qualitative analysis. In quantitative analysis‚the sample is fifty thousand investment company which issued form ADV ‚ form ADV is required to issue to SEC when the investment company’s client number more than 15 people or the size of asset under management is larger than $ 25 million ‚ if you did not issue the document or it is not correctly
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HOW TO DETECT LIES IN THE FACE AND EYES Lies may come in all shapes and sizes and sometimes have a plethora of reasons behind them‚ from avoiding personal harm‚ wishing to avoid hurting someone or to protect them. Looking at facial expressions to determine whether a person is lying might just save you from being a victim of fraud. Or it could help you to know it’s safe to trust your heart and get involved with an attractive stranger. Look for micro-expressions. Micro-expressions are facial
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In the meta-analysis performed by Gao L et al‚ ten randomized clinical studies were reviewed to determine the effect of ondansetron in the prevention of hypotension after spinal anesthesia was initiated. The researchers used relative risk with a 95% confidence interval to analyze their outcomes. The meta-analysis suggests that spinal-induced hypotension‚ bradycardia‚ and amount of vasopressors needed were reduced with prophylactic ondansetron. However‚ Gao L et al recommends that further‚ stricter
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You must make a substantive response to each of the questions listed below. Be thoughtful in your response. Quantity is not as essential as creative thinking. Two or three substantial sentences would generally be appropriate. In your opinion‚ what is the major ethical issue in this case? Underage workers and working conditions in third world countries. Identify the Stakeholders (stated or implied) Nike‚ Its competitors‚ customers‚ Nike employees‚ Labor organizations‚ Universities‚ Mass media
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