BEST STEP – BY – STEP GUIDE TO AUDIT PROCEDURES [UPDATED] Below is an article that can help you in the exams hall on how to carry out the audit procedure work by VijayaSwaminathan (a technical author for Paper F8 at getting Through Guides) Audit procedures are an important area of the syllabus, though candidates …
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BEST PRINCIPLES OF CORPORATE GOVERNANCE I believe you will agree with me when I say Corporate governance principles play a major role in an organisation’s ability to gain a competitive advantage in the industry and become successful. Well, this statement is not just a myth but true in reality and you can relate to this …
A COMPREHENSIVE STEP – BY – STEP GUIDE TO INTERNAL CONTROL AND AUDIT Internal Control and Audit relates critically to corporate governance. Corporate governance principles can effectively and efficiently be practice by companies with strong internal control and audit policies. Corporate Governance In Action When we talk about Corporate Governance in Action, three things …
A COMPREHENSIVE GUIDE TO PUBLIC SECTOR ACCOUNTING 1.1. Definition of Terms Public Sector Accounting (ACC 310), introduced the simplest definition of ‘Public Sector’ is “all organisations which are not privately owned and operated, but which are established, run and financed by Government on behalf of the public.” R A Adams (2004) in his book …
BEST BENEFITS OF CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility (CSR) is an “organisation’s obligation to maximize positive stakeholder benefits while minimizing the negative effects of its actions.” It is the idea that businesses and other organisations occupy a significant space in society and that responsibilities are not owed only to shareholders. The basic element …
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GUIDE TO PUBLIC SECTOR ACCOUNTING SYSTEMS [UPDATED] 1.1. Introduction The public sector accounting systems is actually a series of systems and subsystems that track the financial activities of government and government agencies. Financial management of the Government is concerned with budgetary and financial operations of both individual departments and agencies and the Government as a …
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It is the desire of every rising Entrepreneur to build a business that is globally known and become a BRAND in their industry with the right skill set. I have met various individuals with business ideas who want to really do something significant but for some reasons such as wrong mindset, inability to utilize and …
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Audit risk (AR) is the ultimate risk that the audit opinion is inappropriate, after completion of all audit procedures. It is made up of two component parts: material misstatement risk, and detection risk (DR) Material misstatement risk is the combination of inherent risk (IR) and control risk (CR) Risk Assessment (Risk Equation): ISA 400 …
Introduction Sources of Government revenue is a key topic to be discussed to enable us understand where and how government finance all developmental projects as well as the administrative managing of the economy or country. It is the task of government to provide essential services to the community – the maintenance of law and order, …
The decision of choosing a School to attend for your Institute of Chartered Accountants Ghana (ICA-G) Professional Qualification Examination preparation is critical. Why is this important? Because the Institution where you choose will affect how you study, prepare for the examination and ultimately pass the examination. My Millionaire Mentor Dan Lok said and I quote …
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