Question: Background On 7 January 2009, the chairman of Indian IT company, Satyam Systems resigned as well as confessing to manipulating the accounts to the extent of approximately Rs 14,162 crore or US $1.04 billion. Your Task It is 1 July 2008 and you have just been appointed Head of Internal Audit at Satyam in India.  You have not previously worked for Satyam and on […]

Question: Task Based on your research, analytical procedures and business risk analysis undertaken, outline three accounts at significant risk for the Cochlear audit. Complete the below audit workpapers in relation to these accounts. Account 1:  Outline why account is as significant risk Key assertion at risk Describe a relevant practical substantive audit procedure that would address the specific risk and assertion identified.   Answer: Revenue  […]

It is so much fun to watch how science fiction stories become reality – like laser guns and genetic engineering. Due to all the talks about ecology, more and more plots tell us about some kind of huge disasters that threaten humankind and make the bravest go find a new shelter in the outer space. If you take ecological threats seriously, they seem to be […]

The story of Hamlet, a prince whose father was killed by his uncle and then called upon his son to avenge on him, was known to the reader long before William Shakespeare used to create his best-known tragedy. However, he was definitely the author who managed to shift the key attention of the audience from the tragedy of circumstances to the tragedy of true human […]

The development of human civilization is moving forward at a high speed, and the amount of scientific, technical and other discoveries is growing bigger and bigger every century. Unfortunately, the progress of human race in terms of this development has a flip side of the coin, which is harmful influence upon the natural world of the planet.

Over the past 10 years information technology has become part and parcel of the majority of working practices all over the world. At present if a particular company experiences difficulties with the Internet connection or their computer system, it brings their working process to a standstill. It is high time we took stock of the influence of information technology on the working world and decided […]

Medical science has advanced to such a degree that two separate women can be involved in giving birth to one child. What was considered to be infertility just a couple of decades ago can be biologically conceivable today through surrogate motherhood. Surrogacy is normally sought for when a couple has difficulty in conceiving and bearing a child. This difficulty in conception can occur due to […]

The wonderful thing about mankind is that no two human beings in this world are totally identical. Even identical twins have their own individual traits that make them unique people. Therefore, everyone is different from all the others and possesses gifts and talents that are unique. Some people might be academically gifted. Some might be talented in sports and other physical activities. Others might be […]

The popular notion among many people about the separation of church and state is that people cannot express their religious views in public places. They are of the opinion that since public facilities like schools, hospitals and other public areas are funded by the state, they cannot be used as places for expression of one’s religious faith. Although the founding fathers of the United States […]

The second amendment of the constitution offers US citizens the right to keep and bear arms. This was basically done in order to provide citizens with a way to protect themselves from physical harm or danger. But since a lot of instances of misuse of this power have resulted in the injury or death of people, this issue has always been under hot debate. There […]