User Account

All Pages

Discuss the role of an internal audit department

Assignment Help Accounting Basics
Reference no: EM132954820

Question - Mac Ltd is a large wholesale company and it sells its products through some retail outlets. The company plans to set an internal audit department.

Required -

a) Discuss the role of an internal audit department in a large business organization.

b) Both internal and external auditors share the same common objective. Explain.

c) Consider the factors when the external auditor decides on the extent to which he or she relies on the work of the internal auditor.

Reference no: EM132954820

Questions Cloud

Cost impact on the hotel external customers : How quality, speed, dependability, flexibility and cost impact on the hotel external customers.
What are the budgeted total cost of direct materials : What are the budgeted total cost of direct materials purchases in quarter 2 if the expected purchasing price is $20 per kg
Describe the key components of just in time : Describe the key components of Just In Time (JIT) and lean operations principles. How can these principles be applied to either the manufacturing of a product o
Cola wars continue-coke and pepsi in 2010 : 1) Based on information from the Harvard Business School "Cola Wars Continue: Coke and Pepsi in 2010" case study, conduct an industry analysis of the carbonated
Discuss the role of an internal audit department : Discuss the role of an internal audit department in a large business organization. Both internal and external auditors share the same common objective
What is agnes expected profit : Agnes has an independent bookstore in downtown and also sells popular magazines. National Geographic is among the magazines that still sells a considerable numb
Steps of the risk management process : Please discuss the 9 steps of the risk management process in detail and how to apply it in a given scenario when entering a new foreign market.
What is included in a qualified audit report : What's included in a qualified audit report for scope of limitation? In the book it lists the following for unqualified
What is the net periodic pension cost for the year : What is the net periodic pension cost for the year? B. What is the fair value of the plan assets at December 31? C. Which investment return

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd