provide additional value to the stakeholders. We assert that that internal auditing in Tanzania commercial banks is still embracing the conservative approach which is primarily concerned with compliance and monitoring rather than adopting value added approach. The inference of the study is more crucial to the agency theory whereby public funds are being spent on activities which do not add value to the stakeholders. This could in turn dilute the principal agent relationship‚ which is already a tenacious
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ACKNOWLEDGEMENT Nothing concrete can be achieved without an optimal combination of inspiration and perspiration. No work can be accomplished without taking the guidance of the experts. It is only the views and advice from ingenious intellectual that help in the transformation of a product into a quality product. We owe my sincere gratitude to Mr. Amit Yadav‚ our honorable project guide. Last but not the least‚ no acknowledgement will be complete without mentioning our parents. They have also
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AUDIT EVIDENCE Audit Evidence Definition : All the information used by the auditor in arriving at the conclusions on which the audit opinion is based. This includes the information contained in the account records underlying the financial statements and other information. Additionally‚ audit evidence should be persuasive‚ rather than convincing. There are different levels of reliability of audit evidence‚ some providing more evidence than others. There are nine types of audit evidence
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MEANING OF AUDITING The word ‘Audit’ is originated from the Latin word ’Audire’ which means ’to hear’. In the earlier days‚ whenever there is suspected fraud in a business organization‚ the owner of the business would appoint a person to check the accounts and hear the explanations given by the person responsible for keeping the account and funds. In those days‚ the audit is done to find out whether the payments and receipt are properly accounted or not. The objective of modern day accounting
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| | |The History of Auditing | |A detailed overview | |
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ACC 3401 Audit and Professional Ethics │LECTURE 1│ Concepts of Auditing Learning Objectives After the lecture‚ students should be able to: describe the nature‚ purpose and scope of an audit; describe various basic principles and concepts of auditing and explain their importance in the actual audit procedures; and describe the professional framework within which auditors must operate. 1. Accounting vs. Auditing Accounting - the process of recording‚ classifying‚ summarizing and
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Reliance Fresh From Wikipedia‚ the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (June 2010) Reliance Retail Type Supermarket Industry Retail Founded October 30‚ 2006[citation needed] Headquarters Mumbai‚ India Key people Mukesh Ambani Website www.ril.com A Reliance retail at Guntur. Reliance Fresh is the convenience store format
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If there were one event in history that I was fortunate enough to be able to change‚ it would be the events that occurred on September 11‚ 2001. Not only did many innocent people die on that day due to terrorism‚ but also people are still dying to this day. The affects of that event on are nation are still felt ten years after the actual attacks occurred. Many families have lost and are still losing loved ones who are sacrificing themselves for the greater good of fighting terrorism across the
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Ramniklal H. Ambani Mansingh L. Bhakta Yogendra P. Trivedi Dr. D. V. Kapur M. P. Modi S. Venkitaramanan Prof. Ashok Misra Prof. Dipak C Jain Dr. Raghunath Anant Mashelkar Overview Reliance Retail Limited (RRL)‚ a subsidiary of Reliance Industries Limited under Mukesh Ambani‚ is Reliance Group’s foray into organized retail. RRL is based on the growth strategy of backward integration‚ and it generates inclusive growth and prosperity for farmers‚ vendor partners‚ small shopkeepers and
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highly competitive‚ a bank auditor reviews the general and specific aspects of daily practices to guarantee her bank remains competitive and maintains the integrity expected by its customers. She scrutinizes every practice from teller transactions through the security of the bank’s vaults and courier services. As an industry professional‚ she is generally aware of competitors’ procedures. She is typically expected to objectively rate her bank’s performance against others and take measures to improve
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