Develop a brief answer to each of the following questions: 1. What role does the internal audit
Question:
Develop a brief answer to each of the following questions:
1. What role does the internal audit department play in internal control?
2. What role does a bank reconciliation play in internal control over cash?
3. Why is it important to write down the amount of cash received through the mail or over the counter?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
1 The internal audit department plays a monitoring role in inter...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
Develop a brief answer to each of the following questions: 1. Nimish Banks, a star college basketball player, received a contract from the Midwest Blazers to play professional basketball. The...
-
Develop a brief answer to each of the following questions. 1. When a company has net income, what happens to its assets and/or to its liabilities? 2. Is accrual accounting more closely related to a...
-
Develop a brief answer to each of the following questions: 1. What makes accounting a valuable discipline? 2. Why do managers in governmental and not-for-profit organizations need to understand...
-
How can we define tectonic stress?
-
Describe the all-events test for determining income and describe how to determine the date on which the all-events test has been met.
-
An advantage of a returns-based style analysis is that such analysis: A. is comparable across managers. B. is suitable for portfolios that contain illiquid securities. C. can effectively profile a...
-
Assuming the short rate process of Exercise 2 and risk-neutral probabilities of .5 , consider a zero-coupon bond that pays \(\$ 1\) at time \(t=2\). Find the value at time \(t=0\) of this bond in two...
-
Compute the price of a 3.8 percent coupon bond with 15 years left to maturity and a market interest rate of 6.8 percent. (Assume interest payments are semiannual.) Is this a discount or premium bond?
-
How does the implementation of Lean Management methodologies foster organizational agility and enhance operational efficiency in complex business ecosystems ?
-
Dave is your client and has come to you to prepare his tax return. During the 2018-19 financial year, Dave disposed of the following assets: (a) A two-storey residence at St Lucia in which he...
-
Develop a brief answer to each of the following questions: 1. Why is it important for public companies to have an audit of managements assessment of internal control? 2. Why is a system of internal...
-
Match the following items with the related statements below: a. Company environment b. Risk assessment c. Information and communication d. Control activities e. Monitoring 1. The company has an...
-
In Problems 5170, find the domain of each function. p(x) = X |2x + 3 - 1
-
Consider the following cash flow profile: What is the present worth equivalent for the cash flow series with an interest rate of 12 percent? EOY Cash Flow EOY Cash Flow EOY Cash Flow 0 -$50,000 3...
-
Suppose Humphrey and Matilda live together. Humphrey currently smokes 20 packs of cigarettes per month; Matilda hates the smoke. They currently have no agreement restricting smoking. Their only joint...
-
Go to https://hbr.org/2003/02/why-bad-projects-are-sohard- to-kill and read the perspective on the difficulty in killing bad projects. What are some of the critical stories or pieces of advice...
-
Access www.fastcompany.com/magazine/87/projectmanagement.html. What suggestions does the author offer for managing the pressures to multitask? The author suggests the need to multiproject. What is...
-
Use the six approaches from Example 2.10 to determine to the nearest year how long it takes for an investment to double if the interest is compounded annually at the following rates: a. 5 percent b....
-
An S sets the occasion upon which a response is _ reinforced. a sometimes b always c never d maybe
-
The landing gear of an aircraft with: mass of 2000 kg the spring-mass-damper system Consider that the runway surface is y(t) = 0.2 cos 157.08t stiffness of the spring is 5 x 105 N/m. What is the...
-
Suppose that each of the following pairs of redox couples is combined to form a galvanic cell that generates a current under standard conditions. Identify the oxidizing agent and the reducing agent,...
-
Big Burgers is in the fast-food restaurant business. One component of its marketing strategy is to increase sales by expanding in foreign markets. It uses both financial and nonfinancial quantitative...
-
Cakes Companys management is considering a proposal to install a third production department in its factory building. With the companys existing production setup, direct materials are processed...
-
Angelo Bank is planning to replace some old ATM machines and has decided to use the York Machine. Anita Chavez, the controller, has prepared the analysis shown here. She has recommended the purchase...
-
What are the advantages and disadvantages of utilizing PostgreSQL's advanced indexing techniques such as GiST and GIN?
-
discuss the implications and trade-offs of utilizing PostgreSQL's advanced security features such as row-level security (RLS) and column-level encryption in compliance-sensitive applications...
-
How does PostgreSQL's support for advanced full-text search capabilities through extensions like pg_trgm and tsearch improve search functionality and performance in applications requiring...
Study smarter with the SolutionInn App