Frozen Assets
{
“titl”:”Item 9 – The frozen
2 .- From the entries of the company ALAIOR SA you have listed then resolves the issues you raise at the end of the activity:
1. On 01/10/XX buy furniture for € 3500 + VAT. In transport concept, the supplier invoice € 200 + VAT, and way of insurance, € 50 + VAT. Payment by bank transfer.
2. On 15/07/XX acquires a local expansion of the facilities of the company for € 254,000 + VAT, € 54,000 of which correspond to the value of the site. Payment via check.
Internal Audit: A Comprehensive Guide
Internal Audit in Organizations
1. Emergence of Internal Audit
The initial role of internal audit focused on verifying accounting records, protecting assets, and preventing fraud.
2. Evolution of Internal Audit
The second stage arose due to the creation of the Securities and Exchange Commission in the US, requiring confidence in financial information.
3. Institutionalization of Internal Audit
The third stage emerged with the establishment of the Institute of Internal Auditors, promoting professional development
Read MoreAudit Note Book and Internal Audit: Importance and Functions
Audit Note Book
An audit note book is a document prepared by audit staff to record uncleared queries, errors, and points for discussion with auditors or clients. It contains information about daily audit work and points to be included in the audit report.
Contents of Audit Note Book
- Copy of audit program
- Nature of business and important documents
- Client name and audit year
- List of books of accounts
- Principal officers’ names, duties, and responsibilities
- Accounting and financial policies
Special Matters to
Read MoreStatistical Hypothesis Testing and Confidence Intervals
1. Consider the three statements below. Draw a circle around any (if any) and all that are valid statistical hypotheses.
HA: p
_____ 3. Definition: the probability, assuming the null hypothesis is true, that a test statistic takes a value as extreme or more extreme than the value actually observed is which of the following?
(D) P-value
4. In the article “Shooting Left the Right Way” it is reported that 63% of all skaters
Read MoreStatistics Formulas and Practice Exercises
Key Elements
1. Probability Formulas:
- Probability of an event: P(A)
- Complementary probability: P(A’) or P(Ac)
- Addition rule: P(A or B)
- Multiplication rule: P(A and B)
- Conditional probability: P(A | B)
- Bayes’ theorem
2. Descriptive Statistics Formulas:
- Mean (average)
- Median
- Mode
- Range
- Variance
- Standard deviation
- Interquartile range
3. Probability Distributions:
- Normal distribution: mean, standard deviation, z-score
- Binomial distribution: mean, standard deviation, probability of success
- Poisson distribution: mean, standard
Statistical Inferences on Proportions: Assumptions, Sampling Distributions, Confidence Intervals, and Hypothesis Testing
- (8 points) In the current chapter covering statistical inferences on proportions, all of the procedures we have discussed (sampling distributions, confidence intervals and statistical tests) have involved two assumptions. What are those two assumptions?
- 1. Simple random sample
- 2. Large enough sample for the Central Limit Theorem to apply.
- 2. (4 points) Consider the three statements below. Draw a circle around any (if any) and all that are valid statistical hypotheses.
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