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Formal and informal language
...There are two types of standard language. The language we speak at home, with friends is informal. It is like casual clothes which people use on informal occasions. Formal language, on the other hand, is used in offices, businesses, and other formal occasions. It is like a suit or dress for public and formal situations.Formal Language We use formal language when we are dealing with serious busines.... 
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Federal reserve board boots finally fell
...Federal Reserve Board boots finally fell, which makes him nervous stock market rebound to be stabilised. United States time to 3 November, the Fed decided to introduce a second quantitative easing monetary policy, by the end of June next year, the Fed will direct from market to buy 6000 million bond to inject liquidity to the market. This figure, and prior to that market expectations generally con.... Read
Advantages of auditing
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ADVANTAGES OF AUDITING
We can divide the advantages of audit into the following main heads.
1. TO THE GOVERNMENT
2. TO BUSINESS
a. TO SOLE PROPRIETOR SHIP.
b. TO PARTNERSHIP.
c. TO COMPANY.
3. TO PUBLIC
1. TO THE GOVERNMENT
The following are the main advantages that a government has received from auditing.
A. ASSESSMENT OF TAXES
If a business is audited, the tax author.... Read
Disadvantages of audit
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DISADVANTAGES OF AUDIT
1. FRAUDS BY MANAGEMENT OR PLANNED:
Some time the management commits a planned fraud. And for the auditor it is not possible to find out that fraud. In this case the audited account cannot describe the true and fair view of the business.
2. WRONG CERTIFICATES:
Auditing is based on many certificates taken from management and other persons. These certificates may.... Read
Partnership agreement deed
...rtner. 13. Arrangements to be followed in case a partner becomes insolvent. 14. Salary, if any, payable to the partners for managing the firm. 15. The method of preparing accounts and arrangement for audit. 16. Procedure for the dissolution of the firm and settlement of accounts. 17. Arbitration in case of disputes among partners. 18. Operation of bank account.The above items are not the final lis.... Read
Definition of audit note book
...DEFINITION OF AUDIT NOTE BOOK
“Audit notebook is a diary on which auditor scribble down all important inquiries to avoid the possibility of unquestioned material facts.”
IMPORTANCE: Justice William throws light on the importance of audit notebook in the following words, “The audit note book that contained detailed information proved to be very helpful to the auditor in every critical momen.... Read
Aarkstore enterprise edp energias de portugal sa analysis across the oil and gas value chain report
... Summary EDP Energias de Portugal SA Analysis Across the Oil and Gas Value Chain is an essential source for data, analysis and strategic insight into EDP Energias de Portugal SA. The report provides key information relating to oil and gas assets of the company along with its operations across the value chain. The report examines the company’s business structure, operations and products, and pro.... Read
Advantages and disadvantages of internal check
...detected at an early stage.
4. INCREASE IN EFFICIENCY:-The system of internal check ensures greater efficiency and speed because the arrangement of internal check is based on division of labour.
5. AUDITING MADE EASY:-The system of internal check facilitates the work of auditor to a great extent by enabling him to relay on test checking.
6. FINAL ACCOUNTS CAN BE PREPARED:-In internal check syst.... Read
Advantages of audit program
...ADVANTAGES OFAUDIT PROGRAM 1. SUPERVISION OF WORK: The editor can judge the efficiency of his audit team with the held of all audit programs. He is in a position to know the progress of the work. He can see at any time that what part of the work has been completed and what remains to be done. 2. DIVISION / DISTRIBUTION OF AUDIT WORK: The division of audit works is very useful for the audit staff f.... Read
Mattel inc swot analysis market research report
...Mattel, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Mattel, Inc. - SWOT Analysis examines the company's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Mattel is engaged in designing, manufacturing and marketing of toys and family products across the world. .... Read
Difference between audit and investigation
... position of the business concern or its normal profit earning capacity or the extent of fraud, if any, or to inquire about the suspected mismanagement etc. So, the investigation is a sort of special audit with a particular job in view.A) INVESTiGATiONB) AUDiTINGPURPOSEA) The purpose of investigation varies from Business to business. B) The purpose of audit is to determine the true and fair view..... Read
Disadvantages of audit programme
...DISADVANTAGES OF AUDIT PROGRAMME 1. NOT COMPREHENSIVE: Auditors may have covered the whole tie but I cannot be said with certainty that all the necessary work has been done. 2. RIGIDNESS: Audit program looses its flexibility. While each business has a separate problem. So audit program cannot be laid down for each type of business. 3. NO INITIATIVE: It kills the initiative of capable persons. The .... Read
Contents of audit working papers
...CONTENTS OF AUDiT WORKING PAPERS 1. CONTRACT LETTER: The working papers contain the contract letter. This letter gives right to a person to a start work of audit. It states the terms and conditional of appointment of an auditor. The nature and amount of work is recorded. This letter becomes a part of audit working papers. 2. AUDIT PROGRAMME: An audit programme is a detailed plane of action to be u.... Read
Auditing in depth
...AUDITING IN DEPTH
Audit in depth involves the examination of books of accounts in depth. Such a system of checking is adopted in big business houses, where detailed examination of all the records in not possible. This system of checking is undertaken with a view to check the incidence of errors or frauds in the books of accounts.
BASE OF AUDiT IN DEPTH The technique of audit in depth is based on.... Read
Mars incorporated swot analysis market research report
...Mars, Incorporated - SWOT Analysis company profile is the essential source for top-level company data and information. Mars, Incorporated - SWOT Analysis examines the company's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Mars, Incorporated (Mars) is a privately-held company, primarily engaged in the manufacture an.... Read
Role of an internal auditor
... Nowadays internal audit jobs are highly in demand. These expert financial professionals can definitely pass on real values for catering to all financial needs of a business identity. To complete all the roles and responsibilities associated with his or her job, the person needs to follow a number of professional guidelines and tricks set by the professional governing bodies in their respective fi.... Read
Abercrombie fitch co swot analysis market research report
...Abercrombie & Fitch Co. | SWOT AnalysisAbercrombie & Fitch Co. - SWOT Analysis company profile is the essential source for top-level company data and information. Abercrombie & Fitch Co. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy. Abercrombie & Fitch (A&F) is a specialty .... Read
Difference between accounting and auditing
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DIFFERENCE BETWEEN ACCOUNTING AND AUDITING
ACCOUNTING AUDITING
SCOPE
Accounting is concerned with preparing of financial statements. Auditing is concerned with checking of financial statements.
Purpose
The purpose of accounting is to show the performance and financial statement. The purpose of auditing is to certify the
true and fair view of financial statement.
Nat.... Read
Choose hot dissertation topics to make a big impact
...So you would like to write a unique, creative, and informative research paper. Well all you have to do is to just stick to the basics so as to accomplish your tasks perfectly. The very first thing to do is to select newsy dissertation topics for making a big impact in to the academicians and your professors everlastingly. In order to select unique dissertation topics, use your own mind and creativ.... Read
Container freight stations inland container depots
...Container Freight Stations/Inland Container Depots Container freight stations/Inland container depots (CFS/ICDs) are facilities set up for handling and temporary storage of Exim as well as empty containers. It is a common user customs-bonded facility with public authority status, equipped with warehousing space, adequate handling equipments and IT infrastructure. ( http://www.bharatbook.com/det.... Read
