Essays on Materiality

Abstract

Survey research is one of the most popular methods of conducting quantitative research. Other popular methods of gathering data in quantitative research include experimentation and quasi-experiments. Survey has benefits of being flexible and easy to apply to different quantitative research methods. It can be conveniently designed and conducted in order to draw conclusions about various matters and situations. Surveys are conducted through the normal format of undertaking quantitative research. First, there is the need to transpose the research problem into aims and objectives. And then there is the need to formulate a proper research procedure and system through the ...

INTERNAL AUDIT AND FINANCIAL CONTROLS

Internal Audit and Financial Controls It is the ethical and professional responsibility of the auditing firm to maintain the high level of assurance and maintain an acceptable level of objectivity and independence as per the applicable codes of the auditing and assurance. Therefore, during or before performing audits, internal and external, the auditors must avoid any threat towards their independence and objectivity. However, in most of the cases, the auditors reduce the level of threats to assure that their reviews are objective and free from bias. ("Internal Audit's Relationship With External Audit") When the audit firm is providing the ...

Attribute Standard 1312 issued by the IIA indicates that Internal Audit Departments purporting to follow IIA Standards must have an external assessment “conducted at least once every five years by a qualified, independent reviewer or review team from outside the organization. Two such organizations include World Com and Fannie Mae. The two organizations were in the news owing to various reporting and internal audit practices that may have resulted in their collapse, as is the case of World Com or hefty financial losses for their shareholders and other stakeholders. Consequent to such observations, the objective of this paper is ...

Introduction

The case of Bernie Madoff is a good example of unethical practices can lead to corruption. Madoff, which is the former investment and a stock broker, is introduced around the globe as the only operator in the largest Ponzi scheme ever on record. This is because he turned its financial management firm into a huge Ponzi scheme that defrauded a lot of money from thousands of his investors. The paper will determine the regulatory oversight that was existing while the Ponzi scheme was operating. It also speculates on the main reasons why such plans were not discovered while investing ...

Question one

The coca cola Enterprise was incorporated in Delaware 2010. Additionally, it is a publicly traded firm that is listed in New York Stock Exchange. It is a marketer, distributor, and producer of the nonalcoholic drinks of Coca-Cola Company via a licensed territory agreements in Belgium, great Britain, Monaco, and Sweden (2015 Annual Report:23). The coca cola Enterprise Inc. acts as the anchor bottler in West Europe, and North America. The products of Coca-Cola Enterprise Inc. are Diet Coke, Sprite, Fanta, and Coca-Cola among others. Its primary strategy is to be the bottling partner in Western Europe as well as ...

Decision Making Report of Apple Inc.

The traditional accounting equation is given as Assets = Liabilities + Shareholder`s equity As at 27 September 2014 (Beginning of period) $231,839M = $120, 292M + $111,547M As at 26 September 2015 (End of period) $290,479M = $171,124M + $119,355M (Apple, 2015, pg.41) During the financial period ending 26 September 2015, Apple`s Assets grew by 25%, its Liabilities increased by 42.3% while its Shareholder`s Equity increased by just 7%. Therefore, the accounting equations given above reveal that Apple`s financing policy entails the financing of assets through the borrowing of money as opposed to the use of ...

Material culture, as it can be obvious from its name, is about the people’s relation to the material things. In a wide sense, material culture involves the material things of everyday living, such as houses, cities, churches, castles, offices, means of production, tools, goods and products, etc. Material culture is all material things which people use to define their culture. According to Oxford definition, ‘Material culture centers upon objects, their properties, and the materials that they are made of, and the ways in which these material facts are central to an understanding of culture and social relations.’ We ...