Steps of Coducting an Audit Free Essays

I sincerely hope that this assignment meets your approval and demonstrates my ability to resent assignments. If you require further clarification, I will be happy to contact you according to your convenience. Sincerely, Ishrat Nahid ID: 0930183 Executive Summery An auditor is an official whose Job it is to carefully check the accuracy of business records. We will write a custom essay sample on Steps of Coducting an Audit or any similar topic only for you Order Now An auditor can be either an independent auditor unaffiliated with the company being audited or a captive auditor, and some are elected public officials. Auditors are used to ensure that organizations are maintaining accurate and honest financial records and statements. In this report I have written about the plan of audit and the importance of ndependence of auditors. Planning the audit is an important step to conduct the audit. Auditor uses different planning methods to determine risk assessment, assessment of internal controls etc. The auditor either internal or external cannot complete all the aspects of the audit in one year. The auditors plan the audit is such a way they can cover the audit over a period of time. Auditor independence is one of the most important issues in accounting practice today. Independence increases the effectiveness of the audit by providing assurance that the auditor will plan and execute the audit objectively. High-quality audits enhance the reliability of the financial reporting process by investors and other users. Topic 1. Planning of audit 15- 163. References Page no 5-14 2. Independence of auditor 17 audit report Planning refers to the process of deciding what to do and how to do it. Planning involves selecting mission and objective and the actions to achieve them; it requires decision making that is, choosing from among alternative future course of actions. Plans thus provide a rational approach to achieving reselected objectives. Planning is an intellectually demanding process; it requires that we consciously determine ourses of action and base our decisions on purpose, knowledge and considered estimates. An audit plan is the specific guideling to be followed when conducting an internal or external audit. Internal audits are usually conducted by a company’s accounting staff and are primarily used for a management review of accounting process. External audits are conduct by external public accounting firms or private certified accountants (CPA) to ensure outside stakeholders that the company’s financial information is prepared in accordance with that Jurisdiction’s accepted accounting principles. External audit usually use a formal audit plan for auditors to follow when conducting audits. Audit planning improves the quality of audit work. It is necessary for an effective, efficient and timely audit. Adequate audit planning establishes the right means to achieve the objectives of audit. It helps in identifying potential problems and ensures that work is completed expeditiously. An audit plan does help the auditor not only to understand the scope of audit but also facilities smooth conduct of audit. Auditors use five types of test to determine whether financial statements are fairly stated: rocedures to obtain understanding of internal control, tests of controls, substantive tests of transactions, analytical procedures and tests of details of balances. All audit procedures fall into one or more than one of these five categories. By these tests detection risk reduces and effectiveness of internal control has increase. Five types of tests are firstly, update and evaluate the auditor’s previous experience with the entity. Secondly, make inquiries of client personnel. Thirdly, read client’s policy and systems manuals. Fourthly, examine documents and records. Fifthly, observe entity and operations. A meaningful audit plan considers some basic steps. If these basic steps are the minimal possible time. Step 1: Talk to the client The auditor discusses the nature of the engagement and the client’s business and industry trends at the beginning of planning. Insights gained from this discussion help the au ditor navigate through the remainder of the audit planning procedures. These insights set the stage for an active two way communication process that result in a fully engaged audi tor. Step 2: Obtaining background information An extensive understanding of the clients business and industry and knowledge bout the company’s operations are essential for doing an adequate audit. The auditor asks about recent developments in the company that may cause the audit to differ from prior years. Developments such as mergers, new locations or new product lines may have a significant impact on the audit plan for the current year. These discussions take place at the client 10 cation. Going on site provides the auditor the opportunity to meet with key employees or new employees and to see for him or herself any changes in the overall operations of the client. Step 3: Prepare A Complete list of items needed from the client Before starting uditing auditors require samples, documents and many other papers those auditors need to audit. A meaningful audit plan pro vides an updated list of client-prepared items that considers the following: New schedules because of changed risk profiles at the client New schedules resulting from a change in audit ap proach Example schedules and templates so the client prepares them in the auditors desired format Insertion of due dates for each schedule that has been agreed to by the client For larger clients, insert the name of a person respon Sible for the completion of the schedule that has been agreed to by the client How to cite Steps of Coducting an Audit, Papers

Information Technologies for Business Different Type Research

Question: Discuss about Information Technologies for BusinessDifferent type Research ? Answer: Introduction According to Bryman and (Bell 2015), we all live in the world of the age of data, where everything has been linked to the source of data and everything has been captured digitally. Based on this author critique highlights that the technology could be neither good nor bad. Technology interaction to the social ecology is in regards that the technical development could frequently have the social, human and the environmental consequences (Bryman and Bell, 2015). The emergence of the era of the big data attracts the attention of the organizations, the academics, economists, mathematicians, sociologist as well as the other scholars. Moreover, the US government in 2012 had started the Big Data Research as well as the development initiative. They launched into the special issue when it came to the big data (Davenport, 2013). Based in science it has established a special issue on dealing with the big data that illustrate on the significance of the big data especially to the scientific researc h. The development as well as the utilization of the big data could be spread through the medical field, manufacturing, logistics, as well as the other industries, which have generated on the social value and the potential. Research problem This research problem is to examine on the provocation of the big data as well as the weaknesses as well as the strength of collecting the Big Data via the social media. It further, examines as to whether the big data could provide the best information to the researcher. Critique of the research article There has been a new ecosystem around the Big Data, which creates the new kind of the divide in the digital aspects where there is the big data rich, and the big data poor (Trainor, Andzulis, J. Rapp Agnihotri, 2014). Some of the company researchers have gone as far as to suggest that the academics should not bother in studying of the social media. The effective democratisation could be measured through essential criterion. There has been criticism that the difficulty as well as the expense, which has been exhibited in the access to the big data, could produce the restricted culture for the research findings. The large data organization they do not have responsibility when making the data available and they have the total control over which individual get to see the data (Trainor, Andzulis, Rapp Agnihotri, 2014). I guess this not ethical especially when entity want to compare the data of the organization concerning a given service and they want to benchmark to improve on theirs. Th e big data researchers who have an access to the proprietary data sets are much less to choose the questions, which are essentially contentious especially when it comes to the social media company. Interpretation of their procedures and data analysis strategies Given the rise in the Big Data as well as the socio-technical phenomenon, it can be argued that it is necessary to critically interrogate the assumptions and the biasness brought by the research. In the research, it offers six provocation aimed at sparkling of the conversations in regards to the issues of the big data (Hair, 2015). These issues are the cultural, technological, as well as scholarly phenomenon, which rest on the interplay of the technology. References Bryman, A. and Bell, E., 2015. Business research methods. Oxford University Press, USA. Davenport, T.H., 2013. Process innovation: reengineering work through information technology. Harvard Business Press. Hair, J. F. (2015). Essentials of business research methods. ME Sharpe. Trainor, K. J., Andzulis, J. M., Rapp, A., Agnihotri, R. (2014). Social media technology usage and customer relationship performance: A capabilities-based examination of social CRM. Journal of Business Research, 67(6), 1201-1208.

The Standards of Risk Management

There are various risk management standards that can be applied at the local or international levels. Overall, various norms exist because countries may differ in terms of legislative practices, corporate responsibility rules, auditing processes, and reporting standards.Advertising We will write a custom essay sample on The Standards of Risk Management specifically for you for only $16.05 $11/page Learn More Thus, there are different risk management principles that can be adopted at the national level. Additionally, one should keep in mind that companies representing different countries can cooperate with one another. Therefore, it is important to develop internationally accepted standards and rules. For instance, such an institution as the International Organization for Standardization (2009) introduces the norms which can be recognised by businesses working at the international level. This is one of the points that should be singled out. Overall, these international norms can help companies establish partnerships because senior executives should see that both companies adhere to the same principles. Overall, organisations need to use these standards in order to strengthen their sustainability. By evaluating the performance of companies according to these criteria, managers can identify potential weaknesses in the organisational design, flaws in the financial reporting, quality control deficiencies, and so forth (Standards New Zealand 2009; Financial Reporting Council 2014). Furthermore, the knowledge of these norms can be useful for assessing the work of senior executives or frontline managers. As a rule, the compliance with these standards may not be obligatory for companies that are not publicly traded. However, by following these rules, one can make businesses more sustainable.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More These are some of the benefits that can be identified and students should not overlook them. As it has been said been before, there are many standards related to risk management. Among them, one can distinguish the norms established in Australia and New Zealand (Australian Government 2010, p. 2). These norms should be considered because they incorporate specific guidelines that can strengthen the sustainability of an organisation. For instance, one can speak about the requirement to pursue inclusive policies. In other words, the management should consider the opinions of various stakeholders in order to identify the threats to which a company can be exposed. Furthermore, risk management policies should be implemented at tactical and strategic levels (Australian Government 2010, p. 2). This policy can help companies identify potential risks at the early stages. Thus, the standards adopted in New Zealand and Australia should be considered. However, one should not suppose that international nor ms can be dismissed. The information about these rules is included in the curriculum because students may need to work in companies operating at the international level. So, they should understand risk management principles that may be adopted in other countries. By learning about these standards, a person can better evaluate the performance of the company. In other words, he/she can better understand the reasons why a company does not function effectively. Thus, this knowledge can contribute to the professional development of a person.Advertising We will write a custom essay sample on The Standards of Risk Management specifically for you for only $16.05 $11/page Learn More On the whole, these examples show that the knowledge of risk management standards is critical for future professionals who may represent different fields. This knowledge can help them assess the performance of a business. Moreover, these issues are important of anticipating possible challenges that a company may face in the future. Furthermore, this information can be critical for developing the strategies of a business. Finally, these standards can be regarded as guidelines that business administrators should follow. These are the main arguments that can be put forward. References Australian Government 2010, Risk Management Principles and Guidelines. Web. Financial Reporting Council 2014, Guidance on Risk Management, Internal Control and Related Financial and Business Reporting. Web. International Organization for Standardization 2009, Risk management – Principles and guidelines. Web. Standards New Zealand 2009, Risk management standard. Web. Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This essay on The Standards of Risk Management was written and submitted by user Charity Beasley to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Where Whales Have Hair and How Its Used

Where Whales Have Hair and How It's Used Whales are mammals, and one of the characteristics common to all mammals is the presence of hair. We all know that whales arent furry creatures, so where do whales have hair? Whales Do Have Hair While its not immediately obvious, whales do have hair.  There are over 80 species of whales, and hair is only visible in some of these species. In some adult whales, you cant see hair at all, as some species only have hair when they are fetuses in the womb. Where Is Hair in Whales? First, lets look at baleen whales. Most of the baleen  whales have hair follicles if not visible hair. The location of the hair follicles is similar to the whiskers in terrestrial mammals. They are found along the jawline on the upper and lower jaw, on the chin, along the midline on top of the head, and sometimes along the blowhole. Baleen whales known to have hair follicles as adults include  humpback, fin, sei,  right,  and  bowhead  whales. Depending on the species, the whale may have 30 to 100 hairs, and there are usually more on the upper jaw than the lower jaw.   Of these species, the hair follicles are probably most visible in the humpback whale, which  has golf ball-sized bumps on its head, called tubercles, which house the hairs. Within each of these bumps, called tubercles, there is a hair follicle. The toothed whales, or odontocetes, are a different story. Most of these whales lose their hair shortly after birth. Before theyre born, they have some hairs on the sides of their rostrum or snout. One species, though, has visible hairs as an adult. This is the  Amazon river dolphin or boto, which has stiff hairs on its beak. These hairs are thought to add to the botos ability to find food on muddy lake and river bottoms. If you want to get technical, this whale doesnt quite count as marine life, as it lives in fresh water. Hairlike Baleen Baleen whales  also have hairlike structures in their mouth called baleen, which is made of keratin, a protein that is also found in hair and nails. How Is the Hair Used? Whales have blubber to keep them warm, so they dont need fur coats. Having hairless bodies also helps whales release heat more easily into the water when they need to. So, why do they need hair? Scientists have several theories on the purpose of the hair. Since there are lots of nerves in and around the hair follicles, they are likely used to sense something. What that is, we dont know. Perhaps they can use them to sense prey - some scientists have suggested that prey may brush against the hairs, and allow the whale to determine when it has found a high enough prey density to begin feeding (if enough fish bump against the hairs it must be time to open up and eat). Some think that the hairs may be used to detect changes in water currents or turbulence. It is also thought that the hairs may have a social function, perhaps being used in social situations, by calves communicating a need to nurse, or perhaps in sexual situations. Sources Goldbogen, J.A., Calambokidis, J., Croll, D.A., Harvey, J.T., Newton, K.M., Oleson, E.M., Schorr, G., and R.E. Shadwick. 2008. Foraging behavior of humpback whales: kinematic and respiratory patterns suggest a high cost for a lunge. J Exp Biol 211, 3712-3719.Mead, J.G. and J.P. Gold. 2002. Whales and Dolphins in Question. Smithsonian Institution Press. 200pp.Mercado, E. 2014. Tubercles: What Sense Is There? Aquatic Mammals (Online).Reidenberg, J.S. and J.T. Laitman. 2002. Prenatal Development in Cetaceans.  In Perrin, W.F., Wursig, B. and J.G.M. Thewissen. Encyclopedia of Marine Mammals. Academic Press. 1414pp.Yochem, P.K. and B.S. Stewart. 2002. Hair and Fur.  In  Perrin, W.F., Wursig, B. and J.G.M. Thewissen. Encyclopedia of Marine Mammals. Academic Press. 1414pp.

Microsoft Word Tips Adding Chapter Headers - Proofed

Microsoft Word Tips Adding Chapter Headers - Proofed Microsoft Word Tips: Adding Chapter Headers Breaking up a longer document, such as a dissertation or manuscript, into chapters will make it much easier to read. And if you do this, adding chapter headers will help your reader navigate the document quickly and easily. But how does this work in Microsoft Word? Let us explain. Chapter Headers in Microsoft Word Adding chapter headers to a Microsoft Word document requires three things: Using a Heading style for your chapter headings Adding section breaks between chapters Generating the chapter headers This might seem complex, but each step is simple. Read on to find out more. Step One: Applying Heading Styles The Heading styles in Word are used for headings and subheadings. Chapter titles are the main headings in a document, so they would usually be formatted with Heading 1. Whichever style you use, though, to prepare for applying chapter headers you should: Select a style and customize it as required Go through your work applying the chosen style to all chapter headings Heading styles. Make sure to only use this style for chapter titles (you can use the other Heading styles for subheadings within chapters). This will let Microsoft Word tell the chapter titles apart from other text. Step Two: Adding Section Breaks Next, we need to add section breaks between chapters. Usually, you will want each chapter to start on a new page. You can do this throughout your document as follows: Find the first chapter title Place the cursor before the heading Go to Layout Page Setup on the main ribbon Click Breaks and select Next Page from the dropdown menu Repeat for each chapter in the document Adding a section break. Doing this will tell Microsoft Word where each chapter starts and ends. Step Three: Creating Chapter Headers All we need to do now is tell Microsoft Word what goes in each header. To do this, we first need to make sure that the headers in each section are separated from one another. To do this: Go to the first chapter in your document Open the header by going to Insert Header Footer Header Edit Header on the ribbon With the header selected, go to Design Navigation Deselect Link to Previous Repeat for each section of the document Unlinking sections. And finally, to create the chapter headers themselves, all you need to do is: Open the header in the first chapter Go to References Captions Cross-reference Select Heading from the menu as your reference type Pick the relevant chapter title and click Insert Repeat for each chapter of your document Adding chapter headers. This will insert the text formatted with the selected Heading style at the top of each page in each section. You can also apply the same header throughout multiple sections by leaving the Link to Previous option selected for each section after the first. If you later update your chapter titles, don’t forget to update your chapter headers! Getting your work proofread is a great way of making sure you don’t miss issues like this, so get in touch today.

Emerging issue Essay Example | Topics and Well Written Essays - 750 words

Emerging issue - Essay Example The health organization also estimated that by 2015, roughly 2.3 billion grownups will be overweight, as well as roughly around 700 million will be obese. Also, the issue of childhood obesity is international and is gradually impacting many middle- and low-income nations, especially in urban settings (Poston & Foreyt, 2000). Internationally, in 2010, the total of obese children below five years was projected to be more than 42 million. Nearly 35 million of these children are residing in developing nations. Obese and overweight children are expected to stay obese into old age and expected to develop noncommunicable illnesses such as cardiovascular diseases and diabetes at a younger age (Poston & Foreyt, 2000). There are three major methods of treating this problem - dieting, exercising and then weight loss surgeries (Koeck, E. et al., 2013). When it comes to dieting, high-carbohydrate, low-fat plans, normally including whole grains, and fruits, and high-fiber along with vegetables are related to good overall health (Koeck, E. et al., 2013). These diets place stern limitations on nutritional fat. Diets such as caloric juice are meat to make someone reduce substantial fat in seven days. Severe exercise, on the other hand, like the one used by military recruits in Singapore leads to a 35-lb weight loss in a period of 5 months. Exercise eats away the body fat and allows someone to reduce weight with time. Finally, the main surgical procedure, Bariatric Surgery, comprises of a number of procedures performed on obese people (Koeck, E. et al., 2013). Weight loss is attained through reducing the mass of the stomach with a gastric band. The bariatric surgery has had a lot of controversy. In two studies conducted by Koeck, E. et al. (2013) and Sjostrom, L. et al. (2004), they reveal that patients who have underwent bariatric surgery as children and attained normal BMI have lived like that through adulthood, but they reveal that adults who undertake the surgery have relaps ed to obesity in later stages of their lives. Sjostrom, L. et al. (2004) furthermore classifies the matter claiming that five of the 11,453 subjects (0.25 percent) who underwent the procedure in a 2010 study who underwent surgery died postoperatively. Also, according to Sjostrom, L. et al. (2004), 151 patients (13.0 percent) in a study involving 1164 obese individuals, which the authors were tracking, had postoperative problems (internal bleeding – 0.5 percent, thrombosis or embolism – 0.8 percent, deep infections – 2.1 percent, wound problems – 1.8 percent and pulmonary problems – 6.1 percent). In 2.2 percent of the patients (26), the postoperative problems were severe enough to call for reoperation (Sjostrom, L. et al., 2004). Despite this, critics still claim that the surgical intervention is the best way to heal obesity. The research of bariatric surgery would benefit the youth, grownups, bariatric surgeons themselves, dieticians and other stak eholders concerned with the intervention of obesity as a worldwide calamity (Stern & Kazaks, 2003). It would benefit the youth of today because, as earlier stated in this paper, youths who successfully undertake the surgery and attain a BMI have the chance of living the rest of their lives with a normal BMI, unlike adults. Adults are advised to be cautious, on the other hand, because research shows that they have a higher chance of relapsing to obesity after undergoing surgery. This research confirms

The Challenges of Improving Educational Quality in Relation to One Essay

The Challenges of Improving Educational Quality in Relation to One Country of Your Choice - Essay Example As the essay stresses proper education is not only helpful in achieving success in life, but it is also supportive to overcome all the challenges in their life. Strong educational background of a country is recognised to be a proper indication towards the strong economic structure of that respective country, as it recognised to be one of the most important drivers of economic growth. It has been observed that the most of the developed countries are having a strong educational background, which ensures better development of the society as well as an economy. According to the discussion findings the countries of Latin America have been recognised to witness essential expansion in educational coverage from the past two decades. It has been observed that after a revolution in the educational sector, a large number of countries belonging to Latin American region are considered to be a significant determinant of economic development. Though the countries of Latin America are experiencing educational transformation, but the government of these countries lacks in providing proper educational facilities to the several children. Therefore, due to improper educational facilities as well as unstructured schooling system, most of the children are withdrawing their name from the public schools. The educational revolution in Latin America has been identified to have vital impact over the development of the society of that respective country.