Liability of Internal Audit Charter
What is the liability of Internal Audit Charter?
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Charter explains the independence, mission and objectivity, responsibilities and scope, accountability, authority and standards of the Internal Audit purpose.
A charter is essentially a grant or delegation of authority from a person or organization of authority to a further person or organization. The reason of an internal audit charter is to induce the departments that requirement to be audited to give the information required by the auditor. Devoid of this charter or similar authority most managers would not see any advantage to being audited and would likely rebuff to provide anything the auditor needed.
From the case description and the associated flowcharts, assess Bradmark’s internal controls over its expenditure cycle procedures.
Auditing: Auditing is the systematic procedure of objectively obtaining and estimating evidence regarding assertions concerning economic actions and actions to ascertain the degree of correspondence among those assertions and established criteria and
i juz need answer of question 13 14 15 16... m uploading assignment having 16 questions i have done until 12... m gona upload solution as well
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1. A portfolio manager uses a T-bond futures contract to hedge a bond portfolio over the next 4 months. The portfolio is worth $75 million and will have duration of 5 years in four months. The futures price is 118 and each contract is for $200,000. There are three bon
A signed letter from the auditor of a company, included in the annual report, that state whether or not the finan- cial statements fairly present the results of operations and the financial position of the company. An annual audit is required by the Exchange and Securities Commissi
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