4th approval‚ hence preparation of Purchase Order was also pending. • Same nature of items was routed through different item head. • Rates on the same date differ of items having similar description. • Purchase Order prepared for higher rates‚ however rates which was agreed was less. • Condition of excess carting mentioned in Purchase Order; however it was not in Comparatives. • Order given at higher rate; however College has an option to purchase at lower rate. • Procedure
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of all kinds employed the Internet as a tool to expand their business reach. For others‚ the Internet was a new “gold mine” that gave birth to a multi-billion dollar business‚ named “Google”. Google is one of the most successful corporations that have ever been established. Through innovation‚ persistence‚ growth‚ and cooperation‚ Google has become a major public corporation in the United States. Today‚ it is a recognizable world brand‚ a technology leader‚ and a top Internet destination. “Google
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When analyzing the Pinnacle Manufacturing Financial Statements there multiple concerns that should be further investigated that I will explain in this memo. When identifying the year to year change and using financial ratios found on A6‚ there are a couple of concerns that need to be identified. The fact that the operating expense from fluctuated from an increase $892‚861 from 2009 to 2010 and then decreased by $956‚231 from 2010 to 2011 should be raised in question. At the same time Operating expenses
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are firefighting services usually provided by the government and not by private firms? First of all‚ the fire services is a kind of public goods‚ public goods means the goods that no matter whether the individuals are willing to buy‚ each member of the whole society can benefit from. It is produced by the public sector or it is a product‚ provided by the government‚ that the private are unwilling or unable to manufacture‚ including international security‚ police‚ fire services‚ roads‚ education
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adoptable globally. It is very important because it generates ninety nine percent consciousness among professional accountants and to promote an ethical culture with listing the five Fundamental Principle of Professional Ethics and lay down some threats to principles with its Conceptual Framework which leading to the independence enhancement of auditors (IFAC‚ 2009) [online]. The principle-based ethical code is significantly encourages that EAs to exert ethics and independence in their thinking
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about the company’s operations and internal controls is much greater than the external auditors’ knowledge. That kind of knowledge can be critical to effective corporate governance. In fact‚ the Bursa Malaysia now requires its registrants to have an internal audit function. The Institute of Internal Auditors professional practices framework provides the following definition of internal auditing: This definition reflects the changing role of internal auditors. Internal auditors are expected to provide
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Executive Summary Background Waste Management‚ Inc.‚ founded in 1894‚ offers environmental services to nearly 20 million residential‚ industrial‚ commercial‚ and municipal customers in the US‚ Canada‚ and Puerto Rico. With a large customer base‚ it is difficult to picture such a large company committing fraud. However‚ between the years of 1992 and 1997‚ several chief officers in the company engaged in a systematic scheme to falsify and misrepresent Waste Management’s financial results. Heading
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INTERNAL AUDIT REPORT 2011-09 KincaidOutdoorCenterCashControls ParksandRecreationDepartment July 12‚20II OF ANCHORAGE MUNICIPALITY Internal Audit Department 632 W 6th Avenue‚Suite600 P . O .B ox 1 9 6 6 5 0 Anchorage‚Alaska 99519-6650 http://www.muni.org/audit OFFICE OF THE INTERNAL AUDITOR PeterRaiskums‚CIA‚ CFE‚ CGFM Director Phone: (907) 343-4438 Fax: (907) 343-4370 E-Mail: raiskumspw@muni.org OF AIVCHORAGE M UNICIPALITY Phone:907-343-4438 Fax:907-343-4370 Auditor Officeof the Internal 632W
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Volcom Strategic Audit Professor Steven L. Roop Student Dennis P. Sable National University September 2012 Volcom is a manufacturer of Boardsport related clothing and accessories. Based in Velcro Valley – south of Los Angeles – the company’s core values speak volumes about their marketing and sales goals and objectives. The Volcom philosophy‚ stated as‚ “youth against establishment”‚ implies that their aim is‚ at the very least‚ different from normal capitalist “Free Trade” established
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As part of our audit process‚ we will request from Tesla Motors‚ written confirmation concerning representations made to us in connection with the audit. We will issue a written report upon completion of our audit of Tesla Motor’s financial statements. Our report will be addressed to the board of directors of Tesla Motor’s. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or withdraw from the engagement
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