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Question: You are the director of internal audit at a large publicly traded manufacturing company. You recently met with the manager of IT and expressed the desire to establish a more effective relationship between the two departments. Subsequently, the manager of IT requested your assistance on a new computerized accounts payable system being developed. The manager recommended that the internal audit function assume line responsibility for examining suppliers' invoices prior to payment. The manager also requested that the internal audit function make suggestions during the development of the system, assist in its installation, and approve the completed system after making a final review.
Evaluate each of the following requests made by the manager of IT within the context of the IPPF in terms of its potential impact on internal auditors' objectivity.
The request that the internal audit function make suggestions during the development of the system.
The request that the internal audit function provide a person to work on a temporary assignment on the project team to assist in the installation of the system.
The request that the internal audit function approve the system after making a final review.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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