INTERNATIONAL STANDARD ON AUDITING 315 IDENTIFYING AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT (Effective for audits of financial statements for periods beginning on or after December 15‚ 2009) CONTENTS Paragraph Introduction Scope of this ISA .................................................................................. 1 Effective Date ....................................................................................... 2
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External Auditing – Week 4 discussion What do following risk categories mean: planned detection risk‚ inherent risk‚ control risk‚ acceptable audit risk? Can you give some examples? How do we as auditors deal with them? DETECTION RISK Detection risk is the risk that auditor’s substantive procedures will not detect a misstatement that exist in an account balance or class of transactions that could be material‚ individually or when aggregated with misstatements in other balances or classes.
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Challenges faced by HR management when significant staff cutbacks occur and how they should be addressed Downsizing is never easy on the Human Resource department. In fact‚ if not handled properly‚ it could be detrimental to the overall organization. Here are some challenges that come along with downsizing: Addressing the shifting morale and needs of the surviving employees‚ maintaining the productivity and profitability of the organization‚ and retaining skilled‚ and qualified employees.
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The Leadership Challenge Stacey Caudle Liberty University Abstract “Everyone has a role in accomplishing the mission and everyone directly impacts the effectiveness of his or her organization” (Horton‚ p 247). According to Conger and Benjamin (1999)‚ creditability and authenticity lie at the heart of leadership‚ therefore‚ determining and defining one’s own guiding beliefs and assumptions lie at the heart of becoming a great leader. Providing direction and exercising
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Challenges in the Caribbean The Caribbean is known to be a place that has been colonized‚ changed and heavily influenced. Upon the arrival of the Europeans‚ the Caribbean lifestyle was affected and changed forever. Along with the arrival of the European settlers‚ many of their values‚ customs and traditions were brought over. The peoples of the Caribbean countries that were brought over had roots tying back to Africa‚ China‚ India and Portugal. These groups of people were colonized by three
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Credits (Book ID: B1211) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. Explain the use of Sampling technique in Internal Audit ( SA500) Q2. Discuss‚ in brief‚ the advantages and limitations of auditing. Q3. Discuss the main scope and objects of internal audit? Q4. As a senior audit assistant of M/s. Asutosh Associates‚ you are in charge of internal audit team of M/s Rajesh Technologies involved in the manufacture of plastic tubes. From the information
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288112670 The Difficulties Faced by Working Mothers In the past‚ the man was responsible for all the financial matters and expenses in a traditional family. On the other hand‚ the woman was responsible to take care of their children although do all the house works. As society has changed the family structure also changed too. Thus‚ the women help their husbands with financial burden by working. Another reason is today’s women work because they are more independent‚ more educated than past and
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years‚ human resources management ’s challenges for effectiveness and efficiency have also multiplied. Thus‚ this paper will discuss the following four important topics that HR departments face in today ’s organizations: how a complete performance management system differs form the use of annual performance appraisals; advantages of managing turnover in organizations; contemporary safety and health management issues in the workplace; and future trends and challenges in human resources management. Appraisal
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not one theory but an evolving set of competing theories and strategy contributors. The purpose of this essay will analyse why organisation do not regard H.R as effective how can change? What role should it play? Why should it play? What are the challenges facing by HR managers? The H.R manager Role People management has existed in one form or another since the beginning of time. In recent times how this process has been managed has become more formalised and specialised. Ulrish (1997) gives
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MBUS INDIVIDUAL ASSIGNMENT: Why many firms fail to recognize the importance of customers until they are faced with a crisis? Done by Mohammed Fawas tp023152 word count:2149 Contents Introduction 3 Importance of Customers 3 Word of mouth 3 Feedback from customers 4 Link between loyalty and profitability 4 Reasons why companies fail to realize the importance of customers until they are faced with a crisis 5 An Example: Why U.S Internet giants like E-bay‚ Amazon‚ Google
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