fb
$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

FAC512 Financial Analysis

tag 0 Download6 Pages / 1,436 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

A is employed as the external auditor of B Ltd.   He assesses the operation of the internal audit department,  part of the internal control system, of B Ltd. and finds the following:
 
a.In the first few months of operation of the internal audit department, the department reports to the chief financial officer.   Later, the department reports to the chief executive officer who is the chairman of the board of directors.
 
b.Over the past year, about 90% of the work program of the internal audit department was achieved.
 
c.The head of the internal audit department have years’ of experience as financial controller and audit manager. The staff of the department include an experienced auditor, accounting graduates taking professional examinations or assistants completing part-time accounting degrees.
 
d.The audit programs of the department are written based on the standards of the Institute of Internal Auditors.
 
e.The board of directors have doubt as to the value of the internal audit department.  They think that the focus of the department’s work should be on improving the efficiency of operations, rather than on checking compliance with rules and regulations.
 
f.The internal audit reports produced by the department have received little attention in the board meetings.
 
(a)Prepare a report on the overall assessment of the internal audit department.
(b)Recommend whether the work of the internal audit department should be relied on.
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 6 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help (2020) Financial Analysis [Online]. Available from: https://myassignmenthelp.com/free-samples/fac512-financial-analysis/system-of-accounting-and-auditing.html
[Accessed 23 October 2021].

My Assignment Help. 'Financial Analysis' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/fac512-financial-analysis/system-of-accounting-and-auditing.html> accessed 23 October 2021.

My Assignment Help. Financial Analysis [Internet]. My Assignment Help. 2020 [cited 23 October 2021]. Available from: https://myassignmenthelp.com/free-samples/fac512-financial-analysis/system-of-accounting-and-auditing.html.


MyAssignmenthelp.com provides outstanding finance assignment help to students at amazing prices. We have the largest bunch of experienced writers who serve millions of students across Aus, Middle East, Asia, Australia, etc. Every writer possesses top-grade qualifications from reputed universities and selected through stringent selection procedures. Quality and success are, thus, a guarantee with every one of our solutions.

Latest Finance Samples

ACC204 Corporate Accounting And Reporting

Download : 0 | Pages : 5

Answer: "Impairment Loss for Cash Generating Units excluding Goodwill" Impairment Loss: - Impairment loss occurs when carrying amount of asset or cash generating unit exceeds the recoverable value of asset or cash generating unit. Then, carrying value of the asset is required to be reduced by the difference. This reduced amount will be recognized as an Impairment loss. The same statement can be described through the following formula: Impair...

Read More arrow

FIN20013 Banking Operations And Governance

Download : 0 | Pages : 9

Answers: Question 1  What is repricing gap? In using this model to evaluate interest rate risk, what is meant by rate sensitivity? Banks use repricing gap as a risk management technique that is used to evaluate the uncertainty of income accrued from the net interest income primarily attributable to interest from payments of loans and advance s less interest paid on customer deposits subject to change in interest rates. It is also th...

Read More arrow Tags: Singapore Accounting Marketing Singapore University 

FINC20018 Managerial Finance

Download : 0 | Pages : 9

Answer: Case Study 1: Financial markets From the point of view of Northwest Capital management, the process of buying treasury bonds and energy stocks is taking indirect securities. As an hedge fund manager it is the primary market which is direct market for me, while in secondary market like stocks, ETF, MF are indirect markets. The main markets where a hedge fund manager focusses on are IPO, primary dealing in debt space. The company's scop...

Read More arrow Tags: Australia Pascoe Vale Management Business Investments University of Queensland MBA 

FIN200 Corporate Finance Management

Download : 0 | Pages : 8

Answers: Answer: A In recent times, retirement arranges are essential for employees to secure their future after retirement. Moreover, defined benefit plans as well as investment choice plans are two major types of investment plans that tertiary sector employees have to invest their superannuation contributions in an appropriate manner. These plans are mainly required for employees because of workers do not have work securities for their whol...

Read More arrow Tags: Australia Ashfield Management Business and Financial management in Aged Service University of Sydney MBA 

FIAC214 Financial Accounting

Download : 0 | Pages : 5

Answer: Introduction  About the company  Domino’s Pizza is an international company with its base in the United States and is the second largest food chain across the world. We are studying the annual report of the year 2016 according to which the company has 13800 stores in over 85 countries (Pizza 2016). The company operates as a franchise model and also sells pizza through company owned stores. The majority revenue comes f...

Read More arrow
Next

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

ribbon
callback request mobile
Have any Query?