Question: Advanced (a) You are required to: (i) explain the basic principles on which value for money audits (VFM) in local authorities are conducted; (ii) give

Advanced

(a) You are required to:

(i) explain the basic principles on which value for money audits (VFM) in local authorities are conducted;

(ii) give three specific examples of methods of analysis which may be employed in practice

(b) Discuss the problems experienced with programme planning and budgeting systems (PPBS) and the major differences between PPBS and VFM. (10 marks)

(Total 20 marks) CIMA Stage 4 Management Accounting -

Control and Audit

Step by Step Solution

★★★★★

3.52 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Management And Cost Accounting Questions!

Each separate response must have approximately 200 words. Assignments vary widely; however, essays should be written in APA style, with in-text citations and a separate reference listing as...

(a) You are required to: (i) explain the basic principles on which value for money audits (VFM) in local authorities are conducted; (ii) give three specific examples of methods of analysis which may...

Please let me know if any on can answer this short question in excel or word in anhour. I will pay $25. I need all the work or formula from excel sent to me. please!! PART FIVE EMPLOYEE RELATIONS C H...

Case requirements 1.Imagine yourself in Nancy John's position. Recall that Nancy was openly critical of the previous Executive Director (ED). Using the fraud triangle as a guide, speculate on the...

Trusted software could then be run on the workstation. Discuss the advisability of this approach to workstation design. (10 marks) b) Explain how distributed inter-process communication (IPC) is...

Case Summary Read the Discussion Assignment 2-1 on p.34 of the text Technology Adoption by Small Manufacturers. Consider yourself as a health care leader in a small not-for-profit hospital. You have...

SUMMARY this article for about 2 pages with single spacing. Thank you. ECONOMETRICS: MEASUREMENT I N ECONOMICS1 I As the first incumbent of a new Chair in this University, I thought that in this...

Q4: [ 7 marks] Assume that you are a project manager for a highly complex project based on a new technology that has never been directly proven in the marketplace. The project is distributed in very...

Find approximations to within 105 to all the zeros of each of the following polynomials by first finding the real zeros using Newton's method and then reducing to polynomials of lower degree to find...

Which of the following terms is used to describe a situation in which the price of an asset rises above what appears to be its fundamental value? Question 1 3 options: "random bubble " "speculative...

Assume you were given information regarding current ratios for three consecutive years. Can you determine the general condition of liquidity without calculating working capital? If the following...

HT manufactures and sells consumer goods. The market in which it operates is highly competitive and HT is constantly designing new products in order to maintain its market share. The life cycle of...

The implementation of budgeting in a world class manufacturing environment may be affected by the impact of (i) a total quality ethos (ii) a just-in-time philosophy and (iii) an activity based focus....

X Ltd manufactures and distributes three types of car (the C1, C2 and C3). Each type of car has its own production line. The company is worried by extremely difficult market conditions and forecasts...

Pls ans within 1 hr . I'll upvote Subject : Information Security Analysis & Audit Q3) Elaborate the following International security standards: a) Payment Card Industry Data Security Standard (PCI...

What is the tax owed? Simpylify your answer and round to the nearest dollar as needed. Use the marginal tax rates in the table below to compute the tax owed in the following situation. Sarah is...

Francis Peabody just won the $89,000,000 California State Lottery. The lottry offers the winner a choice of receiving the winnings in a lump sum or in 26 equal annual installments to be made at the...