...An Internship Report On Audit Procedure of UHY Syful Shamsul Alam & Co. and A Comparative Analysis on IFRS (IAS) and AAOIFI on Financial Reporting Issues Department of Finance Faculty of Business Studies University of Dhaka An Internship Report On Audit Procedure of UHY Syful Shamsul Alam & Co. and A Comparative Analysis on IFRS (IAS) and AAOIFI on Financial Reporting Issues (As partial fulfillment of BBA Program) Submitted To Department of Finance University of Dhaka Supervised By Taher Jamil Lecturer Department of Finance University of Dhaka Submitted By Md. Rased Mosarraf ID: 16-062 Department of Finance University of Dhaka Date of Submission: May 22, 2014. Letter of Transmittal May 22, 2014. Taher Jamil Lecturer Department of Finance University of Dhaka Subject: Submission of internship report. Dear Sir, I have the pleasure to submit an Internship Report after completing a successful three month Internship attachment at a CA firm named “UHY Syful Shamsul Alam & Co.” on “Audit Procedure of UHY Syful Shamsul Alam& Co. and A Comparative Analysis on IFRS (IAS) and AAOIFI on Financial Reporting Issues”. I have concentrated my best effort to achieve the objectives of the report and hope that my endeavor will serve the purpose. The practical knowledge and experience gathered during report preparation will immeasurably help in my future professional life. I will be obliged if you kindly approved this endeavor...
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...BELEMA SOPHIE DYEGH 8294 Bobolink Avenue, Cincinnati Ohio. 45231. bellachidera@yahoo.com, phone-15132932947 OBJECTIVE: TO BE AN EXCEPTIONAL PROFESSIONAL STRENGTH A good team player and very receptive to different views and opinion. Ability to work under pressure. Competent and driven by desire to accomplish set tasks. Ability to exercise good and positive judgment. Ability to generate positive ideas in handling critical tasks. A confident personality blended with a strong work ethic. Quick to assimilate and adapt with a cheerful nature. Ability to Influence peers and others. WORK EXPERIENCE PNC BANK 072012-DATE 11984 Montgomery Road Cincinnati, OH. 45249 Branch Financial Sales Consultant (BFSC) As a Financial Specialist for PNC, I have a unique opportunity to demonstrate our Brand Promise by making it easy for customers to achieve their financial goals with confidence, I do this by leveraging all PNC Lines of Businesses, including PNC Investments. I guide customers to the channel(s) best suited for them, deepen the overall relationships, and grow revenue by increasing share of wallet with targeted customers. I am a key resource to enable Financial Advisors to focus on customers with greater wealth and investment needs. I support a branch within the region, and I am a sales leader for PNC. In this pivotal role, I am a “Financial Concierge”, and I focus on providing a best in class client experience. I establish and develop strong partnerships...
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...designed to prevent, or detect fraud. The auditor would estimate whether these programs have been designed and placed in operation. b. Auditor’s response The auditors can develop a suitable response for every fraud risk recognized and includes more extensive guidance on how to do so. The auditors responses are usually influenced by the nature of the risks recognized, may have an overall effect on how the audit is conducted or might involve changing the nature. The response will usually involve performing certain procedures to address the risk of management override of controls. c. Expanded scope for assessing fraud risks The auditors should obtain a broader range of information to act as the foundation for an assessment that goes beyond considering the fraud risk factors provided in SAS no. 82. The various sources of information the audit team discussion, inquiries of management and others, consideration of fraud risk factors, the results of planning analytical procedures, information from the client acceptance or continuance process and from reviews of interim financial statements all feed into the auditor’s...
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...| | |Job Advert Details | | | | | | | |BBC Media Action | |JOB DESCRIPTION | |JOB TITLE: Senior Projects Manager, Africa | |REPORTS TO: Regional Director, Africa | |BBC Media Action ...
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...INTRODUCTION LAW FOUNDATION LAW AND … 1. LOGIC 2. SCIENCE 3. THEORY 4. SOCIAL PROBLEMS LAW FOUNDATION Critical = informed and logical Responsible = social equity Creative = independent and considered Interrelations -- with other disciplines and institutions Historical, philosophical, economic, political and social context == acquaintance with historical development of theory Contemporary social issues: · Terrorism · Refugees · Crime and punishment Historical context John Locke? Karl Marx? LOGIC What is wrong with this statement? In the war on terror, you are either with us or against us Which of the following is sound? All men have hair I have hair Therefore I am a man All men have hair I am a man Therefore I have hair Logic definitions Logic = science that evaluates arguments Argument = group of statements, with premises claimed to support conclusions [also inference] Statement = sentence that is either true or false [also proposition] Premise = statement setting forth reasons or evidence Conclusion = statement that the evidence is claimed to support or imply Arguments and non-arguments Arguments must have a factual claim and an inferential claim. The following are not arguments: · warnings or advice · belief or opinion · loosely associated statements · factual reports · explanations · illustrations · conditional statements Deduction and induction ...
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...St.Lawrence College | Financial Manager | An overview of the financial world. | | Pierre-Luc Dion | 2/3/2012 | Presented to Jonathan Forbes | Contents Executive Summary 3 Introduction 4 Design and Definition of Duties 5 Requirements: 6 Education: 6 Advancement and Certification: 7 Qualifications: 7 Earnings: 8 Conclusion: 8 Works Cited 10 Executive Summary In this paper, you will find different links and relations between the human resources course and specifically regarding financial managers. In the following pages, the investigation of this job will be provided; firstly, I will explain what a Financial Manger Is. In this first section, I will investigate what a Financial Manager (FM) does, and what duties and responsibilities have to be done and applied, I will also talk about where FM’s can work and which position they can occupy. The following section will overlook the skills, competencies, education and experience needed to become a prosperous Financial Manager. This section will investigate all the specific criteria required in order to precisely understand what is needed to become a Financial Manager. The third section of this paper, will examine the possibilities of development for a FM’s throughout their career, and also scrutinize, in order to know if there is a possibility of continuing education for a Financial Manager throughout his career. The last section of this term paper will be in relation to the compensation,...
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...Global Marketing Level 6 44-6979-00L-A Module handbook 2014 to 2015 Module leader: Giovanna Battiston g.battiston@shu.ac.uk Stoddart 7241 0114 225 5260 Contents 1. | Welcome to global marketing | Page 3 | 2. | Code of conduct | Page 4 | 3. | About your module | Page 5 | 4. | Teaching and learning strategy | Page 6 | 5. | Resources for reading and research | Page 7 | 6. | Assessment | Page 8 | 7. | Lecture and seminar programme | Page 11 | 8. | Module prize | Page 37 | 9. | The SHU Marketing Student Society | Page 38 | 10. | Appendices:Task one assessment criteriaTask two assessment criteria | Page 39Page 41 | Welcome to global marketing Contact details Module leader: Giovanna Battiston g.battiston@shu.ac.uk Stoddart 7241 0114 225 5260 Your seminar tutor: Learning time: On the successful completion of this unit you will receive 20 credit points at level 6. As in all units you are expected to devote 150 hours learning time to this unit, some of which will comprise lectures and seminars. These will be important for introducing and discussing new materials and for you to gauge your level of understanding of the subject. You will need to spend several hours per week in private study getting to grips with the pre-seminar tasks and necessary post-lecture reading and the associated activities. It is expected that the remainder of the time will be spent on assessment related activities such as reading and...
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...AUDITING AND ASSURANCE STUDY TEXT Copyr i ght ALL RIGHTS RESERVED. Nopartofthispublicationmaybereproduced,storedinaretrievalsystemortransmittedinanyformorbyany means,electronic,mechanical,photocopying,recordingorotherwisewithoutthepriorwrittenpermissionofthe copyright owner. ISBN NO: 9966-760-23-7 © 2009 Strathmore University Press First Published 2009 Strathmore University Press P.O. Box 59857, 00200, Nairobi, Kenya. Tel: +254 (0) 20 606155 Fax: +254 (0) 20 607498 Acknowledgment We gratefully acknowledge permission to quote from the past examination papers of the following bodies: Kenya Accountants and Secretaries National Examination Board (KASNEB). v ACKNOWLEDGMENT ................................................................................................................. ii CHAPTER ONE ........................................................................................................................... 1 ThE GEnEral aUDiTinG EnvironmEnT .............................................................................. 3 CHAPTER TWO ......................................................................................................................... 23 ThE aUDiTor anD ThE CompaniES aCT............................................................................. 25 CHAPTER THREE ..................................................................................................................... 47 aUDiT planninG, ConTrol & rECorDinG (iSa 300)............
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...Financial Disclosure Management by Nonprofit Organizations1 Ranjani Krishnan, Michelle H. Yetman, Robert J. Yetman* Eli Broad College of Business, Michigan State University, East Lansing, MI 48824. Tippie College of Business, The University of Iowa, Iowa City, IA 52240 ______________________________________________________________________________ Abstract This paper examines how nonprofit organizations respond to incentives to manage their publicly available financial information. Prior research identifies two operating ratios donors commonly use to evaluate the efficiency and effectiveness of nonprofits (i.e., the program service ratio, defined as the fraction of total expenses committed to advancing the charitable mission of the organization, and the fundraising ratio, defined as the ratio of fundraising expenses to donations revenue). Nonprofit managers have an incentive to over-report the expenses classified as program services and under-report the expenses classified as administrative and fundraising in order to improve these ratios. We examine whether nonprofits respond to these incentives, and we find evidence consistent with opportunistic cost shifting to improve the program service and fundraising ratios. Additional analysis finds that smaller nonprofits that are more reliant on donations revenue manipulate their operating ratios to a greater extent. JEL classification: M4; L3 Key words: Nonprofit organizations, earnings management, disclosure, hospitals. __...
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...they are defending free enterprise when they declaim that business is not concerned "merely" with profit but also with promoting desirable "social" ends; that business has a "social conscience" and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are–or would be if they or anyone else took them seriously– preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades. The discussions of the "social responsibilities of business" are notable for their analytical looseness and lack of rigor. What does it mean to say that "business" has responsibilities? Only people can have responsibilities. A corporation is an artificial person and in this sense may have artificial responsibilities, but "business" as a whole cannot be said to have responsibilities, even in this vague sense. The first step toward clarity in examining the doctrine of the social responsibility of business is to ask precisely what it implies for whom. Presumably, the individuals who are to be responsible are businessmen, which means individual proprietors or corporate executives. Most of the discussion of social responsibility is directed at corporations,...
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...Growing in Motion: The Circulation of Used Things on Second‐hand Markets1 By Staffan Appelgren & Anna Bohlin Abstract From having been associated with poverty and low status, the commerce with second-hand goods in retro shops, flea markets, vintage boutiques and trade via Internet is expanding in Sweden as in many countries in the Global North. This article argues that a significant aspect of the recent interest in second-hand and reuse concerns the meaningfulness of circulation in social life. Using classic anthropological theory on how the circulation of material culture generates sociality, it focuses on how second-hand things are transformed by their circulation. Rather than merely having cultural biographies, second-hand things are reconfigured through their shifts between different social contexts in a process that here is understood as a form of growing. Similar to that of an organism, this growth is continuous, irreversible and dependent on forces both internal and external to it. What emerges is a category of things that combine elements of both commodities and gifts, as these have been theorized within anthropology. While first cycle commodities are purified of their sociality, the hybrid second-hand thing derives its ontological status as well as social and commercial value precisely from retaining ‘gift qualities’, produced by its circulation. Keywords: Second-hand, circulation, material culture, retro, vintage, growing, gifts, commodities Appelgren...
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...that they are defending free enterprise when they declaim that business is not concerned "merely" with profit but also with promoting desirable "social" ends; that business has a "social conscience" and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are--or would be if they or anyone else took them seriously--preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades. The discussions of the "social responsibilities of business" are notable for their analytical looseness and lack of rigor. What does it mean to say that "business" has responsibilities? Only people have responsibilities. A corporation is an artificial person and in this sense may have artificial responsibilities, but "business" as a whole cannot be said to have responsibilities, even in this vague sense. The first step toward clarity in examining the doctrine of the social responsibility of business is to ask precisely what it implies for whom. Presumably, the individuals who are to be responsible are businessmen, which means individual proprietors or corporate executives. Most of the discussion of social responsibility is directed at corporations, so in what follows I shall mostly neglect the individual proprietors and speak...
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...Universiti Sains Malaysia (USM), Malaysia IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia c International Centre for Education in Islamic Finance (INCEIF), Malaysia Abstract The practise of cash Waqf is increasingly gaining popularity among the Malaysian Muslim. Waqf institutions (SIRCs) are responsible to utilise the collection of cash Waqf to develop relevant projects in order to benefit the society in general. The purpose of this study is to explore the cash Waqf donors’ priority toward what types of development that fulfilled the current need of the society. Hence, to accomplish this purpose; thirty (30) Muslim employees who have contributed cash Waqf were interviewed. This study employs analytical hierarchy process (AHP) analysis to identify the rank of the developments that priorities by donors. The result shows that the cash Waqf contributors prefer to channel their money for Waqf development in the following rank order: (1) education, (2) health, (3) masjid and madrasah, (4) social-care and welfare (5) trade and commerce (6) environment (7) infrastructure and (8) art, culture and heritage. © 2014 IIUM Institute of Islamic Banking and Finance. Keywords: AHP, Waqf, Donor. 1. Introduction Waqf is most comparable to the English word ‘endowment’ or literally in Arabic language means ‘stop’. Waqf is recognized under the Islamic law as one of the voluntary charitable act which is recommended by Prophet Muhammad (peace be upon him-...
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...CAREER DEVELOPMENT PROGRAM _________________________________ THE RESUME Office of Career Development 44 West Fourth Street, Suite 5-100 New York, New York 10012 212-998-0623 http:// www.stern.nyu.edu/ocd Introduction: The Stern Resume______________ Your resume should highlight key points, which are relevant to your future employment objectives. The Office of Career Development has one required resume format. The purpose of this handout is to describe the specific requirements of the format and to assist you in writing relevant content. Your resume is an important marketing document designed to sell your background to a targeted reader. It is an outline of your professional and educational background; it should highlight relevant key points, which relate to your future employment objectives. Your resume should be tailored strategically to present those accomplishments, skills and experiences that relate specifically to the position you are seeking. You should consider the interview while composing your resume. How well you present these experiences in the resume is a measure of how well you will articulate these experiences in the employment interview. AVOID THE “DATA DUMP” TRAP Write your resume for the reader, supplying the information he/she will find important to know. Remember, more is not better. Select only your experiences that are relevant to the function and industry you are looking to be a part of in the future. It is not the reader's job to try...
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...Using a Balanced Scorecard in a Nonprofit Organization Joel Zimmerman, Ph.D. Director of Consulting Services Creative Direct Response This paper is part of the CDR White Paper Collection. It is maintained and distributed by the Nonprofit Learning Center. 2004, Creative Direct Response, Inc. USING A BALANCED SCORECARD IN A NONPROFIT ORGANIZATION Using a Balanced Scorecard in a Nonprofit Organization Joel Zimmerman, Ph.D., Director of Consulting Services Creative Direct Response, Inc. Since its invention in the 1990s, the balanced scorecard has won acceptance as a management tool in the for-profit sector. Now, nonprofits are becoming familiar with, and trying to use, balanced scorecards. This white paper explains what balanced scorecards are and gives critically important tips about how to adapt them successfully into the nonprofit world. “Balanced Scorecard” has been a corporate management buzzword for about a decade. Like many management movements before it, balanced scorecard is migrating from corporate management into the offices of nonprofit management. The transition of a balanced scorecard concept from for-profit to nonprofit organizations is not direct. The basic ideas behind creating a balanced scorecard are as valid for nonprofits as they are for corporate businesses, but the implementation of this idea needs to be modified a bit to make it work effectively in the nonprofit world. In this article, we will look at what a balanced scorecard is all about...
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