In many cases, manual handling training consists solely of training in underpinning knowledge followed by a practical demonstration of techniques. Records of such training are merely evidence that staff attended a training session, they do not evidence competency. Competency should be evidenced by a workplace-based assessment of knowledge base, the ability to apply that knowledge in a range of scenarios and an assessment of the demonstration of the application of skills in the workplace. It is essential that the person carrying out the competency assessment is also competent. In order to be competent to carry out a competency assessment the assessor must have subject knowledge of both the task and of the assessment process.
* Reliable. The assessor should have an understanding and competence within the subject they are assessing this is called occupational competence. This ensures that the correct decisions are made in regards to the knowledge and competence of a candidate. * Valid. The decision made by an assessor should be the same decision other assessors would arrive to.
To some observers, particularly those outside the firm, Amoco was viewed as more willing to use project finance than BP. Young disagreed with this characterization, though he acknowledged that he had little information on BP’s financial policies prior to the merge. Young met with finance executives from both organizations and debated the merits of project finance with them. Young knew that the question: when should BP Amoco use project finance to fund new capital investments was not just a matter of intellectual curiosity because both companies invest heavily in fixed assets. In general, the executive team proposed that BP Amoco should finance all projects with corporate funds, except in a few special circumstances.
The Code of Professional Conduct of the American Institute of Certified Public Accountants (AICPA) is an organization the foundation of ethical reasoning in account. This paper will talk about the three most important purposes of the AICPA and why these are important. The AICPA was founded in 1887 and is a collection of statements that out line a Certified Public Accountant (CPA) ethical and professional responsibility. It also establishes standards for auditor independence, integrity and objectivity, responsibility to clients and colleagues and acts discreditable to the account profession. The code is revised and reissued annually in June.
1. Be sure that you have reviewed the survey and understand the instructions. 2. If you do not know the information, consult the appropriate individuals. B.
External Auditiing Week 1 – Assignment – Ch 2 & 3 Problem 2-7 Since the Sarbanes-Oxley Act of 2002 (SOX), the PCAOB is responsible for establishing the auditing standards for public companies, whereas the AICPA (Auditing Standards Board)is responsible for private companies. Prior to the SOX, the AICPA was responsible to establish auditing standards for both private and public companies. . Problem 2-10 Although the generally accepted auditing standards are quite general, it is probably best to keep them that way rather than having specific audit guidelines. I believe this is the best way to set the standards because it would still allow the CPA to make a professional judgment by applying their understanding of GAAP.
How well a test reflects some criterion that occurs in either present or future is criterion validity. Criterion validity is separated into two types; concurrent (present) and predictive (future). The test and tools used to collect data must be reliable and valid, if not then the test results will be considered
The ten generally accepted auditing standards are broken down into three categories as follows general standards, standards of field work, and standards of reporting. General Standards: 1. The audit must be performed by and auditor that has technical training and is proficient in the area of auditing. 2. The auditor must maintain an independent mental attitude no matter what the assignment is.
The action that needs to be corrected or behavior that is being displayed is the issue. Never involve personality traits in a discussion about criticism. This can lead to a negative response. Explaining a way to change or improve a behavior will be far more effective. This can keep a person from feeling like they are being personally attacked and put down.
Annual Report for eBay Inc. Year Ending 2011 Shaun Evan Wright ACC 100: Accounting Professor Howard Katz Strayer University March 2013 Introduction With any company, you have an annual report. An annual report is a document that identifies and communicates to different investors and other people concerned about that company’s financial status. The annual report takes a look at the company’s financial earnings, assets, controls and procedures, quantitative and qualitative disclosures, etc. In this paper, that I am writing, we will explore and gather information from a very reputable and known company known as eBay Inc. I will be using their annual report from 2011, and explain the main sections of the report, discuss key factors that helped influence the company’s financial performance for the year stated above, the company’s assets, and we will also explain how management characterizes the internal control environment.