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Examine about the Risk-based auditing
A risk based audit will be reviewing the risk management process and considering main risks of the organisation as a whole.
Risk management procedures are used to assess what risks will impact on business. These are not only within the organisation however much wider and look outside the business externally into its environment. If these risks aren't mitigated then business maybe severely affected resulting in the business not continuing in the future. Illustrations are competition, latest business developments, the state of the economy and social trends.
Accounting System: The accounting systems are the primary financial systems that any business should have in place to ensure accurate and usable financial information. The b
A company has total debt of $1,200 and a debt-equity ratio of 0.5. What will be the value of the total assets?
Functions of a Stock Exchange The stock exchange is a market place where investors trade in securities. It is a competitive market involving large numbers of buyers and sellers
d iscuss the relationship between finance management,economics,accounting, and mathematics. illustrate/show through a venn diagram
How would you describe the fact that China emerged as the second most significant recipient of FDI after the United States in recent years? Answer: China attracted a large deal o
State about the equity owners Flip side of the coin is that the equity owners are also owners of all the profits which remain after all the debt holders are paid their interes
Explain Speculator - Market Participants A speculator attempts to profit from a modification in the futures price. For doing this, the speculator will take a long or short posi
compare and contract the potential liabilities of owners of proprietorship,partnership and corporation
Government intervention The government might look for intervene in the take-over bid because of fears that the market share of the combined group would constitute a monopoly wh
Inventory is sometimes thought of as a necessary evil. Explain. Inventory ties up funds and these types of funds are not earning an explicit return. A few inventory is often es
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