employee attendance. SITI HAJAR BTE ZAMZANI 2010750647 KU NURNAJUAWA BTE KU AHMAD 2010385929 NUR JAZILAH BTE NOR IHSAN 2010569539 NUR`ATIKAH BTE MAT DAUD 2010355373 NUR AIN BTE ADNAN 2010985877 NOR SYAFINAZ BTE MISNON 2010594391 NO STANDARD OPERATING PROCEDURE introduction 1981 Delima enterprise was founded by Encik Zayed in conducted trading and supplying related product including manpower supplies to oil and gas industries. 2004 - Delima Enterprise incorporated as Delima Enterprise Sdn
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CHARACTER: 1.Encik Zayed - Principal shareholders - Managing Director 2.Puan Hashimah - Principal shareholders - Chief Operating Officer 3.Puan Balqis - Operations Manager 4.Encik Salam - Human Resource and Administration Manager 5.Cik Amy - Finance Executive (from May 2006) -No working experience 6.External Auditor - Auditor Aziz & Co- to perform statuary audit (2003-2006) SUMMARY Delima Enterprise Sdn Bhd. was founded by En. Zayed in 1981. It conducted trading and supplying
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addition, they are responsible for keeping proper accounting records which disclose with reasonable accuracy of financial position of the company and ensure that the financial statements are comply with the Companies Act 1965 and approved accounting standards. Encik Zayed and Puan Hashimah tried to negotiate with the Auditor to not qualify the Financial Statements, so terminate the auditor’s appointment and appoint a new auditor that could issue an unqualified audited report, in order to obtain bank
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Were there any abuses of power by the management and breach of fiduciary on the part of the director? Yes, there abuses of power by the management and breach of fiduciary on the part of the director. Abuse of power is the act of using ones position of power in an abusive way, this can take many form such taking advantage of someone, gaining access to information that should not be accessible to the public or just manipulating someone with the ability to punish them if they do not comply. Breach
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Organisational control Control: track progress: -employees * Product * Strategies * Goals Control means reviewing, monitor, check * Managers monitor and regulate how efficiently and effectively an organisation and its members are performing the activities necessary to achieve organisational goals. * Managers keep an organisation on track, anticipate events, and change the organisation to respond to opportunities and threats Control systems Flexible because environment change
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Encik Zayed negotiation and he planned to terminate the auditor appointment. Encik Zayed also want to appoint new “friendly party” auditor to make the audit reports. Besides they do not familiar with audit, they also did not familiar with Accounting Standards and the provisions of the Companies Act 1965, including their roles as Company Directors. The company also have appointed Cik Amy to analyse and provide the auditors with necessary clarification and documentation. Cik Amy was a
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Introduction Riordan Manufacturing has placed a service request for all manufacturing locations to gain an overview about all existing software applications in Finance & Accounting, Sales & Marketing, Human Resources, Operations, Legal and Information Technology. All the listed areas within the organization are using various business systems of which each of them represents challenges. The organization is in an urgent need to identify what is needed to improve effectiveness in those areas. This summary
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Island personnel to obtain a random sample pull of past issue transactions as well as the file documents relevant to the randomly selected issue transactions as it relates to the Management of Ordnance Inventory Accuracy. Indian Island’s Standard Operating Procedures (SOP) R29-0211-11 NMC CWD Det II Receipt/Storage/Issue Inspection Criteria: All ammunition received and issued by NMC Indian Island shall be given a receipt, segregation (if required) storage, and/or issue inspection in accordance with
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its cumulative revenue for 2004 is RM1 million and RM1.7 million for 2005. The company is family based company and most of them only have secondary school background. They do not familiar with the audit. They also did not familiar with Accounting Standards and the provision of the Companies Act. The company also consists from the non experiences staff of their job. The protagonist or decision maker in this case is Encik Zayed. Encik Zayed is a principal shareholder and controlling director. Delima
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Therefore they are applying a loan but to apply loan they have to submit two years audited report which they never knew they had to. They had engaged Aziz & Co. as their auditor. Based on the audit finding the records were not properly kept and no procedure and financial system were in place and lacked internal control. The auditors were not able to express a True and Fair view on the accounts and recommended to qualify the Audited Accounts. As for that Encik Zayed planned to terminate the auditor’s
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