are necessary purchases and consistent with the best interest of the company i.e. not for personal use. Refer to lecture note: Most companies have different levels of general authorisation depending on the type of purchases. Weakness Strength Audit procedure (To what‚ for what) Objective There are no proper procedures for authorisation. Purchase requisition does not need to be approved by authorised personnel. This may results to unauthorised and invalid company purchases i.e. for personal
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leading countries when it comes to fashion! Milan & Rome are Italy’s main fashion capitals. In 2009 Milan was nominated the true fashion capital of the world! Fashion is almost a national passion! Think Italian fashion and the names Armani‚ Versace‚ Prada‚ Gucci‚ Dolce & Gabbana and Valentino come to mind. Women as well as men in Italy take their fashion very seriously. Both Italian women & men are known all over the world for their impeccable fashion sense! Being well groomed and having
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company. B. What are an auditor’s responsibilities under auditing standards to detect management fraud? An auditor should conduct an audit in accordance with GAAS and design procedures to provide reasonable assurance that material frauds that might misstate the financial statement are detected. C What are some characteristics of management fraud that an audit team should consider to fulfill the responsibilities under auditing standards? Auditors are concerned about the management fraud that
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Fashion plays an important role in the daily life of every individual. It starts with deciding what to wear‚ how to wear it‚ and so forth. Imagine the world without fashion. Not a nice one is it? Every individual owes admiration to those behind-the-scenes people who are responsible for making the world so fashionable; one in particular a fashion marketer. A career as a Fashion Marketer is an interesting career filled with nothing but fashion‚ adventure‚ and excitement. Being a Fashion Marketer is
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1. How would you describe Zara’s financial performance? Since only Inditex historical financials are shown in the case‚ we took the financials of Inditex to describe Zara’s financial performance. It is reasonable to take Inditex financial data because Zara made up 76% of Inditex’s sales in 2001. Zara (Inditex) Financial Performance in 1996-2001 1996 1997 1998 1999 2000 2001 Liquidity Ratio (current ratio) 0.81 1.00 0.88 0.87 0.90 1.02 Leverage Ratio (debt/ equity) 1.98 1.84 1
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"Fashion is a statement. Fashion does not have to be worn casually‚ nor outside the runway. Fashion is fit for all sizes for all people of all ages. Fashion is an art of personal self-expression‚ not an excuse to be pretty or popular." -Anonymous. People use fashion as a way to express themselves and to show who they really are without having to say anything. Fashion can be used to show boldness of one or creativeness. When we look into our world today we see many combinations of style. The clothing
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Essay on Teenage Fashion in winter General subject: Fashion Limited subject: Teenage fashion in winter Thesis statement: There are different ways‚ the piece of fabric‚ called the scarf or muffler can be of such importance when it comes to teenager’s fashion especially in winter. Supporting points: 1. Scarves or mufflers are never out of fashion. 2. It can be purchased at a very reasonable price and it’s efficient and it keeps the body warm in winter. 3. Scarves or mufflers go with any
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DECONSTRUCTION IN FASHION Deconstruction was a revolutionary approach introduced by Frenchman Jacques Derrida in the study of literature. He applied his theory onto Western Metaphysics to expose its flawed nature and in an attempt to question the basic of the basic‚ the nuances (possibly unconscious to the author himself/herself) that contribute to the hemming and taking apart‚ the constructing and de-constructing within a text. J. Hillis Miller has described deconstruction this way:
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WHAT IS ONLINE SHOPPING? Online shopping (sometimes known as e-tail from "electronic retail" or e-shopping) is a form of electronic commercewhich allows consumers to directly buy goods or services from a seller over the Internet using a web browser. HISTORY English entrepreneur Michael Aldrich invented online shopping in 1979. His system connected a modified domestic TV to a real-time transaction processing computer via a domestic telephone line. his enabled ’closed’ corporate information systems
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Buckless‚ Steven M. Glover‚ Douglas F. Prawitt INSTRUCTIONAL OBJECTIVES • • • • • • To provide students with an opportunity to learn (by doing) how auditors identify various client and audit risks. The case also provides students with insight into how a risk analysis ties in to the strategic audit planning process. To provide students with hands-on experience responding to client concerns and issues. Often auditing students do not realize the extent to which clients request interpretations
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