4 (a) Discuss the advantages and disadvantages of outsourcing an internal audit department. (8 marks)
(b) MonteHodge Ltd has a sales income of £253 million and employs 1,200 people in 15 different locations. MonteHodge Ltd provides various financial services from pension and investment advice to individuals, to maintaining cash books and cash forecasting in small to medium-sized companies. The company is owned by six shareholders, who belong to the same family; it is not listed on any stock-exchange and the shareholders have no intention of applying for a listing. However, an annual audit is required by statute and additional regulation of the financial services sector is expected in the near future. Most employees are provided with on-line, real-time computer systems, which present financial and stock market information to enable the employees to provide up-to-date advice to their clients. Accounting systems record income, which is based on fees generated from investment advice. Expenditure is mainly fixed, being salaries, office rent, lighting and heating, etc. Internal control systems are limited; the directors tending to trust staff and being more concerned with making profits than implementing detailed controls. Four of the shareholders are board members, with one member being the chairman and chief executive officer. The financial accountant is not qualified, although he has many years experience in preparing financial statements. Required: Discuss the reasons for and against having an internal audit department in MonteHodge Ltd. (12 marks) (20 marks) 本部分内容设定了隐藏,需要回复后才能看到 |
|
喜欢1
最新喜欢:seesee...
|
沙发#
发布于:2013-11-04 16:04
中国健康第一门户网
中国健康第一门户网 婚外恋需要双方你情我愿才能达成,也就是说就算男人要出轨也必须有另一个人来配合。这就是现在过街人人喊打的小三,但并非所有女人都能成为小三,也并不是所有女人都能让男人出轨... 更多内容请关注红星健康网两性频道:[back=iff0000][size=16px]360caizixun.com[/back] |
|
板凳#
发布于:2013-05-15 10:03
很想知道
|
|
地板#
发布于:2013-02-19 06:39
yyyy
|
|
5楼#
发布于:2012-11-28 12:21
回复
|
|
7楼#
发布于:2012-11-19 13:16
|
|
8楼#
发布于:2012-11-10 17:17
不错
|
|
上一页
下一页
|
|