MBA Semester 3 Subject Code – MF0013 Subject Name – Internal Audit and Control -4 Credits (Book ID: B1211) Assignment Set- 1 (60 Marks) Q.1 Critically evaluate the qualities of an Auditor in the wake of recent scams Ans:- What should be the qualities of Internal Audit Personnel? There is no universal answer to this question. We can only generalize about the qualities of internal Audit Personnel. It has been observed that internal auditors and independent auditors often belong to the same
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MANAGERIAL COMMUNICATION FIRST MODULE LECTURE NOTES Faculty name: SHINOS P.M SYLLABUS Principles of communication – Types of communication – Methods and media of communication – Process of communication – Barriers to communication – Strategies for improving communication effectiveness. REFERENCES: Business communication by M.K .Sehgal and Vandana Khetarpal Business communication by R.K.Madhukar Business and administrative communication by Kitty.O.Locker and Donna S Kienzler INTRODUCTION
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the role of internal auditing which is to assist management to maximizing the opportunities and to minimizing the threats to the organization. Internal auditing must maximize the assurance provided to the board‚ the audit committee and the management‚ and contribute to the continuous improvement strategies for the organization. So‚ how to maintain good internal auditing function within the organization? Outsourcing of internal audit function is one of the solutions. So‚ what is internal auditing? What
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Organizational Barriers to Communication Communication isn’t always easy‚ but it critical to an organization’s success. The success or failure of an organization often depends on its ability to communicate with its members‚ according to The Communications Department at California State University. New technologies‚ mixed with culturally diverse audiences‚ have increased the importance of organizational communications‚ but have also made the field more complex. Understanding some of the common barriers
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Different forms of communication Nonverbal communication is a way in with we communicate without speaking‚ this can be using many different methods. Sign langue this is way in which we can communicate with a people who have hearing impairments. With children and young people you can use makaton witch is a basic from of sing langue. For adults you can use B.S.L which is short for British Sign Language. “The British Deaf Association states that BSL is a first or preferred language for nearly 7‚
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CHAPTER ONE Introduction to Human Communication What will you learn? When you have read and thought about this chapter‚ you will be able to: 1. 2. 3. 4. 5. State reasons why the study of communication is essential. Define communication. Name the components of communication. Explain some principles of communication. Explain the ways in which intrapersonal‚ interpersonal‚ public‚ and mass communication differ from each other. 6. Define communication competence. 7. Name some of the tenets
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Chapter 1—Auditing and Internal Control TRUE/FALSE 1. Corporate management (including the CEO) must certify monthly and annually their organization’s internal controls over financial reporting. ANS: F PTS: 1 2. Both the SEC and the PCAOB require management to use the COBIT framework for assessing internal control adequacy. ANS: F PTS: 1 3. Both the SEC and the PCAOB require management to use the COSO framework for assessing internal control adequacy. ANS: F PTS: 1 4. A qualified opinion
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ABC Company Internal Audit Manual Internal Audit Manual Page 1 TABLE OF CONTENTS TABLE OF CONTENTS...................................................................................... .....2 CHARTER......................................................................................... ....................5 INTRODUCTION................................................................................................5 ORGANISATION AND BOARD REPORTING....................................
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Justification for an Internal Control System ACC 544 Justification for an Internal Control System Introduction According to A. A. Gramling in the Encyclopedia of Business and Finance‚ internal control can be described as “any action taken by an organization to help enhance the likelihood that the objectives of the organization will be achieved.” There are several approaches to risk management in an organization – the portfolio approach and the use of insurance are two. Both
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Internal audit is a dynamic profession involved in helping organizations achieve their objectives. It is concerned with evaluating and improving the effectiveness of risk management‚ control and governance processes in an organization. To do this‚ internal auditors work with management to systematically review systems and operations. These reviews (audits) are aimed at identifying how well risks are managed including whether the right processes are in place‚ and whether agreed procedures are being
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