Budget Circular A-133, Audits of State and local Government. It is the responsibility of the Metro Government to ensure that an adequate internal control structure is in place to ensure compliance with applicable laws and regulations related to Audit. As part of Metro Government’s single audit, tests are made to determine the adequacy of the internal control structure including portion related to federal financial
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EXAM COVER SHEET NOTE: This exam paper may be RETAINED by the student EXAMINATION DETAILS Course Code: Course Description: Date of exam: ACCT1111 Auditing and Assurance Services 28/10/2008 Start time of exam: 9:15 AM Duration of exam: 3hr 15min Total number of pages (incl. this cover sheet) 8 ALLOWABLE MATERIALS AND INSTRUCTIONS TO CANDIDATES 1. Write your full name and student number on each examination booklet together with the number of examination books used. Students
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Be able to describe the various aspects of information security. Ensuring a secure network involves good design, implementation, and maintenance. The information in your organization is potentially vulnerable to both internal and external threats. Identify these threats and create methods of countering them before they happen. Be able to identify the potential physical, operational, and management policy decisions that affect your information security efforts. It isn’t good enough to have a
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most cases, auditors may rely on the internal controls. The Internal control system plays a key role in the success of the accounting system: it protects the business from abuse and fraud, ensures that the information received is accurate and timely, and assures that all regulatory requirements are being met. The internal control system is especially critical for private fund investors. Security Exchange Commission (SEC) mandates internal controls for publically traded companies while hedge funds
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Note: This report is far more comprehensive than would be expected from a candidate in exam conditions. It is more detailed for teaching purposes. T4- Part B – Case Study Jot – toy case – March 2012 REPORT To: Jon Grun, Managing Director, Jot From: Management Accountant Date: 28 February 2012 Review of issues facing Jot Contents 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Introduction Terms of reference Prioritisation of the issues facing Jot Discussion of the issues facing Jot Ethical issues and recommendations
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Ken Schmid Unit 3 Assignment 1 Remote Access Control Policy for Richman Investments Authorization- Richman Investments must define rules as to who has access to which computer and network resources. My suggestion is that RI implements either a group membership policy or an authority-level policy to achieve this. Group policy would allow the administrator to assign different privileges to different groups. The admin would then assign different individual users to those different groups.
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Updated Heart Healthy Information Security Policy Due to personnel, policy and system changes, and audits, Heart Healthy has voluntarily updated their information security policy to be in-line with the current information security laws and regulations. Currently Heart-Healthy Insurance, a large insurance company, plans to review and provide recommendations for an updated information security policy in the area ‘s of: Current New Users Policy The current new user section of the policy states:
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Shelley Stiles Week 2-HW P4-18 a. (1) The auditor must be without bias with respect to the client under audit. b. (3) involves the objective examination of and reporting on management- prepared statements. c. (1) maintain public confidence in the profession 4-19 a. (1) Contingent on approval of a bank loan b. (3) c. (3) 4-20 a. Violation of AICPA and SEC based on rules of independence, if pre-approved it is okay. b. Based on SOX and SEC rules internal auditing of a public company
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Running head: Internal Control and Risk Evaluation Internal Control and Risk Evaluation The purpose of this brief is to identify and analyze possible risks, internal control points, design internal controls, evaluate the application of internal controls and discuss other outside controls, that Kudler Fine Foods may need to upgrade the computer systems. Analysis of Risks of Computer Systems After reviewing the previous flowcharts it is recommended that Kudler Fine Foods
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It has been proven that a company can increase its profitable operations by eliminating wasteful and unnecessary steps. During the 1950s, companies first began to evaluate the cost associated with quality. This initiative was a result of the convergence of several forces. First, the cost of quality began to grow due to the growth in volume of complex products, which demanded higher precision and greater reliability. Second, the extreme growth of “long-life” products that resulted in high costs due
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