for goods and services actually received (existence) | Discuss segregation of duties with personnel and observe activities. | 2. | Independent reconciliation of the monthly bank statements | Existing cash disbursement transactions are recorded (completeness)Recorded cash disbursement transactions are stated at the correct amounts (accuracy) | Examine file of completed bank reconciliations | 3. | Use of pre numbered voucher packages‚ properly accounted for | Existing acquisition transactions are
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HUMAN ASSETS MODULE CODE: MGPL 5101 Duration: 3 Hours Reading time: 15 Minutes Instructions to Candidates: 1. This paper consists of Sections A and B. 2. Section A is compulsory. 3. Answer any three (3) questions from Section B. 4. Total Marks: 100 This question paper contains 6 questions and 8 pages. Page 1 of 8 SSDTSemI/09-10 SECTION A: COMPULSORY QUESTION 1: 40 MARKS Staff Motivation: Not so much a pyramid‚ more a slippery slope My contact with my direct line
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1. Research online news services to identify recent developments impacting the accounting and auditing profession in Japan. Briefly summarize these developments in a bullet format. The 5-S auditing. Managerial Auditing Journal It has been recognized that Japanese firms are clean and orderly. The same is true for high quality western firms. Over the last two decades‚ the Japanese have formalized the technique and named it 5-S practice. As the name is new to most western societies‚ the objective
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Chapter 9 1. Anscombe’s point was that some things may not be done‚ no matter what. Referring to the boiling of babies. 2. Kant called these “hypothetical imperatives” because they tell us what to do providing that we have the relevant desires. 3. Instead moral requirements are categorical: they have the form “You ought to do such-and –such period‚” 4. In his Foundations of the Metaphysical of Morals (1785)‚ he (Kant) expresses the Categorical
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maintenance and review of internal controls. C. document the audit procedures designed to achieve the planned audit objectives. D. Outline the overall authority‚ scope and responsibilities of the audit function. Answer:_____D______________________ 2. Which of the following criteria for selecting the applications to be audited is LEAST likely to be used? A. Materiality of audit risk B. Sensitivity of transactions C. Technological complexity D. Regulatory agency involvement Answer: _________C__________________
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Module C Legal Liability True / False Questions 1. Auditors are potentially liable for monetary damages and subject to criminal penalties for failure to perform professional services properly. True False 2. Auditors cannot be held liable to their clients for failure to detect material management fraud. True False 3. Joint and several liability is a doctrine that allows a successful plaintiff to recover the full amount of a damage award from any defendant regardless
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Sunnah. Naturally‚ it remains a deep cry in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. The establishment of Islami Bank Bangladesh Limited on March 13‚ 1983‚ is the true reflection of this inner urge of its people‚ which started functioning with effect from March 30‚ 1983. This Bank is the first of its kind in Southeast Asia. It is committed to conduct all banking and investment activities on the basis of interest-free profit-loss sharing system
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Auditing Theory College 1: Het waarom van de accountantscontrole Agency theorie: De agency theorie legt de relatie tussen de 3 perspectieven uit. De drie partijen zijn‚ namelijk de principaal (investeerder)‚ agent (management)en monitor (accountant). De agency costs nemen relatief meer toe dan dat het aandelen bezit van de manager afneemt. Daarnaast kunnen de agency costs die groei begrenzen door dat eventuele investering niet gedaan kunnen worden. Je kan er van uit gaan dat de agency costs een negatieve
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Table of Contents 1. Introduction 2 2. Internet banking in Japan. 3 2.1.Conservative consumer banking behavior 3 2.1.1.Low level of credit card usage 3 2.1.2.The availability of ATMs for cash withdrawals 3 2.2.Internet usage in Japan 3 2.3.The competitive situation 4 2.3.1.Competition from traditional banks 4 2.3.2.Competition from domestic Internet banks 4 2.3.3.Competition from international Internet banks 4 3. Japan Net Bank’s competitive advantages 5 3.1.24/7 availability
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Problem: State Bank has over time increased salaries to tellers that were so high that of the 23 tellers at State Bank they were being paid over what other local tellers were being paid; additionally no other employees outside of the tellers were receiving an exceedingly higher salary based on the other local banks averages. All of this information was compiled in a report based on survey results taken from State Bank and the other local surrounding banks. Analysis: Now that this information
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