What are the benefits of the internal audit function

Assignment Help Accounting Basics
Reference no: EM132971075

Question -

1. What are the benefits of the internal audit function establishing a risk-based plan when identifying the priorities of the internal audit activity?

2. Describe an event that has transformed or disrupted an industry and includes: (1) An example of an organization that has benefitted from that opportunity and (2) an example of another organization that mismanaged it and suffered losses as a result.

3. How can failure in ethics affect organizational success? Is it something that can be audited?

4. Describe ways to monetize the concept of ecology, so we don't only rely on altruistic and emotional motivators, but also economic ones to encourage environmental stewardship.

5. Why is it necessary for internal auditors to have a basic knowledge of various business processes?

Reference no: EM132971075

Questions Cloud

Determine the carrying amount of the bonds on december : Determine the Carrying amount of the bonds on December 31, 2019 and 2020. On January 1, 2019, Thurman Co. issued 10%, five-year 1,500,000 bonds payable.
Prepare the journal entries for the years ending june : Prepare the journal entries for the years ending 30 June 2024 and 30 June 2025 in the books of Sanders Ltd. Gregory Ltd enters into a non-cancellable five-year.
How much money anastasia has in investment portfolio now : Explain the key different between a bond and an ordinary share? how much money Anastasia has in her investment portfolio now?
What is the important question of corporate finance : How a corporation is different from a partnership in terms of owner, legal status, liabilities, life, regulation, access to capital, taxation and transfer?
What are the benefits of the internal audit function : What are the benefits of the internal audit function establishing a risk-based plan when identifying the priorities of the internal audit activity
Discuss the risks associated with this process : Discuss the risks associated with this process. Describe the controls that should be implemented to reduce these risks
What is the black-scholes value of the european call : For the purposes of this series of questions, you should assume that GM does not pay dividends. What is the Black-Scholes value of the European call
What is the best expected return you could achieve : Maintaining the restrictions on your investment choices from the last question, what is the best expected return you could achieve if you set up a portfolio
How will adapt if change preference is easy or hard : If you change your preference is it easy or hard to continue another option than accounting? If yes what are the options and how you will adapt

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

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.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

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 and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd