largest public accounting firms in Norway provided misstatement data from 58 audits. The results show that inherent risk factors related to personnel issues are related to the incidence of misstatements at the financial statement level. These factors plus factors related to management integrity and prior period accounting adjustments are related to the magnitude of the misstatements. Inherent risk assessments at the account level had a marginally significant relationship with both the incidence and
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Inherent Risk i) expanded into a national manufacturer of high technology sustainable energy products brings with it a range of uncertainties‚ including compliance requirements and logistical problems increased potential for misstatement due to the judgements required requiring more judgement such as research and development (valuation)‚ intangible assets (valuation)‚ inventory (valuation) and property plant and equipment (valuation). ii) assets include “intellectual property rights”
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Inherent Risk * i/3 of audit risk model.. lesast amount of evidence awailable use professional judgement * not static‚ assessed at the planning stage mostly and audit too Major factors that an auditor should consider when assessing inherent risk 1) Nature of clients business – the more susceptible the client the greater the risk ( if the client is in a business with heavy changes in technology 2) Nature of data processing – the more poorly the IT system is made
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The first attribute that I was to work on during my teaching rounds was my Teaching Philosophy. It was imperative that i investigated and discovered what my teaching philosophy is whilst completing these teaching rounds. Plan and enactment In order to further my skills and figure out what my teaching philosophy is‚ I created a five step plan featured below: 1. Undertake a small reflection of my current teaching philosophy across all key learning areas and standards. 2. Consult with
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Inherent risk Computerizing risk Non-routine transactions (Beasley 2010‚ p268) ‘Transactions that are unusual for the client are more likely than routine transactions to be incorrectly recorded‚ because of the client often lacks experience in recording them.’ Why it is risk: Santos use a series of computerizing or IT technology to support their business for increase market competition. IT technology has been used for trade ordering systems between customs and Santos. Customers can order
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Inherent Risk Inherent risk is the susceptibility of an account balance or class of transactions to misstatement that could be material either individually or when aggregated with misstatement in other balances or classes assuming that there were no related internal controls. This risk mainly arises at the level of management and the risk factor generally being high. Factors Affecting Inherent Risk: At the level of financial statement Integrity of management; Management’s experience and
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concept of written ideas. The protagonist‚ Montag‚ goes through multiple trials and transformations until he reaches the crossing or return threshold‚ where he gains the will to share his newfound wisdom with the world. Montag’s journey reflects the message and theme Ray Bradbury conveys: the opposition to censorship‚ and how controlled our world will become if we do not take action. In the beginning‚ Guy Montag is oblivious of the issues of his society. He then becomes conflicted between his current
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Within the vertebrate group‚ there exist many classes of animals whose organisms possess unique characteristics. When comparing the cat‚ of the class Mammalia‚ to that of the class Reptilia‚ five attributes that are quite different between the classes are their thermoregulation‚ epidermis‚ metabolic rate‚ reproduction‚ and body structure. Thermoregulation‚ for mammals and reptiles are the opposite of each other when compared together. As mammals are warm-blooded‚ which means reptiles are cold-blooded
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This paper will discuss three attributes of a nurse: competencies‚ commitment and compassion with a rational. Ethics / Human rights and communication concepts across the human life span will also be discussed. The three attributes were chosen on the basis that it takes a special type of person to fulfil these requirements. Zhang et al (2000‚pg 469) quoted that the - ‘ … Key differences between superior and average job performance is not the measurable skills but the soft skills
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detailed plan that uses multiple forms of media and marketing efforts to promote the message of a particular brand. The ultimate goal is to build brand awareness and loyal relationships with an organizations target market. These multiple forms include advertising‚ public relations‚ and sales promotion. In order to develop a creative strategy‚ marketing professionals must fully understand the functional and emotional attributes of the brand to the customer as well as the 4 P’s of the brand (Integrated Marketing
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