Purchases are less frequent.
In this class are inexpensive items, low investment and low overall importance for sales, requiring limited
supervision over inventory levels, only to satisfy the needs of sales.
Control is minimal and usual
Inventories are necessary for sales, which generate profits and poor management of inventories results
in excess inventory, resulting in a lower return on capital invested, affecting the cash conversion cycle.
The approximate cost to ho
You can not talk separately from the origin of the Human Resources Administration, as is now known,
not to mention the labor law and scientific management and other disciplines.
It refers to labor law because it is a consequence of the requirement
NOTES TO COMPLETE THE TABLE AUXILIARY
Initial previous credit balance:
2000: Data from the balance sheet of the Creditor / p = 1240.640,12
2003 Next: 1-2
Previous financial amortization
Financing policy: 1,240,640.02 / 5 = 248,128.02
Is the selection of procedures to run. It begins with obtaining information necessary to define the
strategy to employ and continues with the definition by defining the tasks (to be done in the
Defined the strategy t
Professor Llanos: extensive knowledge of the entity
To carry out any audit work extensive knowledge of the body is required.
The identification of the company by name and other critical data, address, if a legal person, who is his
representative is organi
RELATIONSHIP BETWEEN THE 3 TYPES OF AUDIT
* Differences in terms of the main objectives:
Operational Audit: review the management of an entity to evaluate the efficiency of their results.
External audit: an opinion on the reasonableness of accounting info
Real organization = + informal organization formal organization
This means that the formal rules that are more informal relationships meet up the actual organization.
Formal standards are not met, may be out of date, then the internal audit should report
Professor Vecchiolli: auditing standards
Standard: rule to be followed to implement the actions.
Auditing standards: guidelines for action are the auditor.
Professor definition "patterns of behavior that auditors are obliged to observe to ensure objectivi
Level of commitment, self-discipline, productivity:
Support and implement decisions fully committed to achieving common goals. Be fair and
compassionate even in making decisions in difficult situations. Prevent and overcome obstacles that
interfere with t