xplain the definition of the audit expectation gap? Then, discuss some approaches toreducing the expectation gap.
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Explain the definition of the audit expectation gap? Then, discuss some approaches toreducing the expectation gap.
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- A brief background on Seprod company Itd. and their Financial statements for 2018 and 2019.You are a newly hired fraud examiner. You have been asked to write a preliminary report on the Paving Company Case scenario. In your response, the following points must be addressed fully: a) Determine the type of fraud committed and describe the symptoms of fraud that might be evident to an investigator. b) All frauds involve key elements. Identify and describe using examples the elements of the Sharp's fraud. c) In the scenario, Sharp’s employer has been putting more emphasis on controlling costs for the various businesses. With the slowing of overall spending in the construction sector, Travolta had ordered managers to closely monitor expenses. He had sold several companies and has given vice presidents greater responsibility for statements of financial positions. What positive and negative consequences might this pose to the company in future fraud prevention? Outline at least three of each type. d) Describe Fine Works Paver’s fraud prevention programme…In your company (or in an eCommerce retailer that you purchase from), recommend how you (they) should conduct an ABC Analysis and an XYZ Analysis. Evaluate if this is currently being done correctly, from what you can tell.
- A local government agency is in the process of formulating a strategic plan. If they were conducting a SWOT analysis, which of the following would be an example of a weakness? a. The agency lacks the support of the public. b. The agency's budget is being reduced by the city council. c. The agency lacks up-to-date equipment. d. There are political pressures to consolidate the agency. e. All of the above are weaknesses, as defined in a SWOT analysis.Can you please answer the following questions regarding “techniques for identifying and evaluating risks” : a) Explain the following risk identification tools and techniques, and b) Explain the following risk evaluation techniques. a) Process Flowcharts - Brainstorming - Risk Checklists - b) Quantitative Risk Analysis - Qualitative Risk Analysis -Explain what should be included in an internal assurance strategy ?
- Explain the importance of conducting a business impact analysis (BIA) in the context of continuity planning.Determine an overall benefits budget for “The Office Place” and components that can be recommended for employee base. express the budget in percentages, including the various components that will make up your benefit package. For example, a hypothetical benefits budget is 25% of the total employee payroll and the breakdown is: 10% health insurance, 5% for dental insurance, etc. What would be justification and comparative data to support and validate the recommendations for the benefit package. include both mandatory and voluntary benefits. The Office Place is a new retail venture that is located in Omaha, NE that sells office supplies to retail “face-to-face” customers, online customers as well as to other businesses (primarily in bulk). Their strategy and mission is to sell their products at a deeply discounted price, while providing the best customer service experience possible. This strategy is primarily based on industry research showing that there is a growing dissatisfaction…The airline industry was hit particularly hard after the 9/11 attacks on the World Trade Center in 2001. In 2002, Southwest Airlines, one of the healthier airline companies, decided to lengthen the useful lives of its aircraft from 22 to 27 years. Shortly thereafter, following Southwest’s lead, other airlines made the same move. What advantage, if any, did the airlines gain by making this change in estimate?