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Explain the major types of audit plans
Three major types of audit plans
Strategic -this the long term forward looking audit, it continually gets updated and identifies areas of audit importance.
Tactical - this looks at plans for the coming year, timetabling resource allocating and identifying main audit objectives taken from the strategic plan.
Operational -detailed audit programme for every specific audit.
The capability of an asset to be converted into cash as quickly as possible without any discount to its value.
how to write a vegetation operating cycle
A campany estimate a cash requirment of 900000 the opportunity interst eate is 9% per anual the transaction cost for borrowing or withdrawing fund is 264.5
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Disadvantages of IFRS 8 Reconciliations may be time consuming. Less comparable with other organisations, as every entity has a different way of running their business.
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