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HA3032 Auditing And Assurance Services

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Answers 1: Inherent and Business Risk Assessments  a) Assessing the business danger of HIH Insurance Limited:  The essential business case that incorporated the general operations of HIH Insurance is the obligation and business structure chance. Sadgrove (2016) communicated that protection offices use largely safe profile, where the entry is high and peril of hardship is relativity low. The assessment of HIH Insurance business risk...

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HI6026 Audit Assurance And Compliance

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Answers 1. Employment of analytical techniques to pecuniary declarations of the firm DIPL Analytical procedure to the financial declaration of the corporation DIPL can assist in developing the overall audit plan. However, this audit plan can be taken into account as a specific directive that need to be tracked during the period of carrying out the audit (Duncan and Whittington 2014). Particularly, audit plan assists assessors in sustaining audi...

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HI6025 Accounting Theory And Current Issue

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Answers: Introduction The topic under discussion is positive accounting theory, which is a branch of accounting it tells and foresees the accounting policies or practices adopted by the company. The three conventional stages of this theory involves a) hypothesis exploring adoption of accounting practices by managers b) earning manipulations in accounting statements c) how capital markets responds to the adopted policy and numbers on financial...

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LAW505 Taxation

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Answer Issue The issue in the given case study is to determine the tax residency position of a Chilean citizen Kit who is a permanent resident of Australian and residing in the coast of Indonesia. The next task is to comment on the tax treatment provisions applicable on the income earned by taxpayer Kit during the financial year by way of employment and dividends income. Rule Tax residency position of an individual taxpayer is an imperative a...

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HC1041 IT For Business

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Answer: Case study Overview: Geisinger health system is the physician medical organization which serves approx. 2.6 million people who resides in the area of north eastern and central Pennsylvania. The leaders of the Geisinger health system believe that the continuous improvement is required for the smooth working of the organization. They implement periodic redesigning and reengineering process for improving the satisfaction of the customers...

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HI5003 Economics For Business

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Answer: Introduction One of the most crucial yet elementary theories in microeconomics pertains with demand and supply. As the various demand and supply factors change, the impact of the same can be captured on the equilibrium price and quantity determined using the intersection of the demand and supply curves. Demand tends to be normally inversely related to price and thus demand fluctuates in relation to movements in price and vice versa (K...

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HI5019 Strategic Information Systems

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Answers: Introduction BHP Limited and Billiton Plc planned to merge and continued their business venture, they together named their collaboration company as BHP Billiton. A Board of management team now runs the company and establish their own headquarter in the city Melbourne and other branches in the city London and Johannesburg (Jaffeand and Irizarry 2014). This report will highlight that BHP Billiton must adopt DLC structure to prosper thei...

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HI6026 Audit Assurance And Compliance

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Answers 1) i. The audit threat identified in the said situation is the threat to compliance with the essential principles of auditing. As per this there is an obligation on the auditor to perform only those activities which he is competent to perform being a Member in Public Practice. Thus in this case the fact that Geoff is required to give a speech in the seminar held by LTH so as to secure more investors is acceptable but the fact that it wil...

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HI6026 Audit Assurance And Compliance

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Answers: Answer 1 In the method for setting up the review design of Double Ink Printers Limited (DIPL), the investigative procedure related with money related information gives monstrous regard. As a matter of fact, review design passes on the required orientation and principles to the evaluators in the midst of the review operations. Precisely, review design engages the evaluators in keeping up the cost of review in a particular purpose of c...

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HI6028 Taxation Theory Practice And Law

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Answers Case study 1: (Residence and source) Discussing whether Kit is a resident of Australia and derive its income tax: The main motive of the case is to identify whether Kit is an Australian citizen and needs to pay income tax according to the IT ruling 2650 under ITAA 1997. According to the depicted rule income generated from an Australian inhabitant needs to be taxed unless he or she is not present in the country for more than 183 days....

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HI6026 Audit Assurance And Compliance

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Answers 1. In the present context of CJI is taken into our case study which is an audit firm performing an Audit of luxury travel holidays Ltd. As per the case study, the audit firm headed by the partner Geoff finds certain issues on the factor of audit independence. Geoff has appointed Michael and Annette for various auditing and tax accounting services to be delivered to the relevant company. As an audit manager of the CJI identification and e...

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HK2101 Buying Behaviour

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Answer: Consumer behavior and the process of buying consumer goods is one of the most controversial issues in marketing and consumption. Consumer behavior is regarded as the study of organisations, groups and individuals together with the processes they use in selecting, securing, and disposing of products, services and experiences as well as ideas to satisfy their needs; and the effects that such process have on the consumer and society. Busi...

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HI6026 Audit Assurance And Compliance

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Answers: Introduction The purpose behind this writeup is to perfom analytical procedures for Double ink printers limited (DIPL), analysis results from analytical procedures and effects of results from analytical procedures on audit planning. Moreover, this writeup will also explain regarding inherent risk in the DIPL. At the end of the write up fraud risk factors of DIPL will also analyze. Background DIPL is printing company provides printi...

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HI5019 Strategic Information System

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Answer: Introduction Automatic Information Systems are extremely necessary in the functions and operations that are carried out by the organizations in the present times. Execution of these operations through manual processes is no longer feasible and it has become essential to adapt latest technology for operational, technical and administrative activities that are carried out in the organization. Accounting Information Systems are one such in...

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HI5019 Strategic Information Systems

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Answer: Introduction Information system refers to the collection, organization and storage, usage of information in an organization. As Hassan et al (2012, pp. 204–227) elaborate, information system that a company uses can determine the efficiency of company’s operation. The contemporary business society requires proper strategic information management system that is incorporated with the current state of the art te...

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