...|Sr. No. |Area |Sub-area |Bud. Time |Act. Time |Name |Remarks | |1 |Legal requirements |Acceptance of Appointment | | | | | | |as to appointment |Communication with previous auditors in case of 1st year of audit. | | | | | |2 |Briefing by PIC | | | | | | |3 |Review of last |Business process | | | | | | |year’s file |General observations | | | | | | | |Critical issues of PY | | | | | |4 |Review of EDP system|INTERNAL CONTROL & INTERNAL CHECKS | | | | | | | |Understand the accounting software ...
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...UNIVERSITY CERTIFICATES/TRANSCRIPTS/ADMISSION LETTERS/REFERENCE LETTERS AND FULL VERIFICATION PACKAGES All the templates have been created from having real/original documents to hand. All the following university documents come with the correct embossed seals and in some cases holograms and watermarks. Details about the Verification Service are detailed in a separate document. Cloned email addresses of the universities as well ! Award can include BA, BSc, MA MSc, Foundation Degrees, Diplomas and in some cases PhD’s ALL THE FOLLOWING UNIVERSITY DOCUMENTS COME WITH THE CORRECT EMBOSSED SEAL Price inclusive of Shipping UK World |OPEN UNIVERSITY | | | |1./ Degree Certificate Only with the Correct Embossed Seal...................................... |£ 50 £ 55 | | |2./ Degree Certificate and Matching |£ 90 £ 95 | | |Transcript........................................................... |£120 £120 | | |3./ Admission Letter, Certificate, Transcript and Reference Letter............................. | | | |4./ Admission Letter, Certificate, Transcript, Reference Letter & Verification Certificate with a |£175 for all ...
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...FITTskills: International Trade Finance Sixth Edition Course Objectives • Define and discuss the “Four Pillars” of trade finance— payment facilitation, risk management, financing and the provision of information related to a transaction • Describe the impact of technology on trade finance • Describe the major products and services related to trade finance, including the role and requirement of each party to a transaction • Discuss the importance of export credit agencies and international financial institutions in international trade • Describe the importance of adequate planning relative to the financial aspects of international trade 10/20/2015 TF 1-2 An Introduction to Trade Finance The bottom line of global business Dollars and cents of import and export • Some complexity in arranging payment cross-border, while assuring delivery of goods as agreed • Evolution: partly technology, partly changing global practices • Effective financing solutions key to competitiveness and profitability • Due diligence • Gradual shift from paper-based to Internet-based efinance • Financing timelines: Short term—up to 2 years Medium term—2 to 7 years Long term—7+ years, extending 15-20 years TF Ch 1-4 The four pillars of trade finance 1. Payment 2. Risk Mitigation 3. Financing 4. Information TF Ch 1-5 A business of relationships • Domestic vs...
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...such as factoring and invoice discounting. Small & Medium Enterprises, commonly known as SMEs, are relating to three types of sectors,( Service, Business & Industry ) typically labor intensive industries with relatively low capital intensity. For a country like Bangladesh where labor is abundant and capital scarce, SME plays a significant role in employment generation, poverty reduction and overall economic growth of our country. SMEs may not always have the same access to banks and financial institutions as larger firms. Banks are reluctant to expand their SME credit portfolio because lending to SMEs was not considered to be attractive and profitable undertaking. SMEs are regarded as high risk borrowers because of their low capitalization, insufficient assets and inability to comply with collateral requirements of the banks. Administrative costs are also higher because of close monitoring and supervision and credit management of the SME portfolio. Despite all these facts, banks and financial institutions, particularly those in the private sector, have been providing finance to the SMEs and the overall SME portfolio is on the increase. Standard Chartered Bank started its SME financing program in September 2003. It was known as Business Financial Services or BFS. Under BFS, SCB offered a number of products – installment loans, overdraft facilities; guarantee etc. Installment Loan, which...
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...T:8.5” The Card for International Students Enjoy great rewards while building your U.S. credit history Enjoy great rewards with the Citi ThankYou Preferred Card for International Students. ® The Citi ThankYou® Preferred Card for College Students comes with Citi ThankYou® Rewards, the program where you can redeem points you earn on purchases for gift cards and merchandise, or use towards your student loan payment or for charitable donations. You can also redeem points for travel rewards such as for tickets on any airline with no blackout dates through the ThankYou Travel Center. C_TY_Preferred_EMV_W_MNLW_15-PID 84 Citi ThankYou® Preferred Card for International Students Entertainment T:11” Dining Other Purchases Citi ThankYou® Preferred Card. Earn points for the rewards you really want. Special offer for new accounts: Earn 2,500 bonus ThankYou® Points after you spend $500 in your first 3 months of cardmembership.1 0% Intro APR on purchases for 7 months. After that, the variable APR for purchases will be 13.99%. The APR will vary with the market based on the Prime Rate.2 No annual fee.2 Travel with ease and enjoy global acceptance when you use your card with chip. With the Citi ThankYou Preferred Card, you enjoy: Earn 2 ThankYou Points per $1 spent for dining at restaurants and on entertainment and 1 ThankYou Point per $1 spent on other purchases.1 No expiration and no limit to the amount...
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...______________ Manh Nguyen Instructor Name: ______________________________________________________________ 10/30/15 Lab Due Date: ________________________________________________________________ Overview In this lab, you explored the Open Web Application Security Project (OWASP) Web site and reviewed its Web application test methodology. You studied the standards and guides published by this project and summarized your findings. Finally, you drafted a Web Application Test Plan based on the information you gained in your OWASP research. Lab Assessment Questions & Answers 1. Identify the four recognized business functions and each security practice of OpenSAMM. The four business function are governance, construction, verification and deployment. 2. Identify and describe the four maturity levels for security practices in SAMM. Phase I: Awareness & Planning Phase II: Education & Testing Phase III: Architecture & Infrastructure Phase IV: Governance & Operational Security 3. What are some activities an organization could perform for the security practice of Threat Assessment? Starting with simple threat models and building to more detailed methods of threat analysis and weighting, an organization improves over time. Ultimately, a sophisticated organization would maintain this information in a way that is tightly coupled to the compensating factors and pass-through risks from external entities. 4. What are the two recommended assessment styles for...
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...Final Required: | | | Cost of Appraisal: Well Test Site Value | | | Appraiser: Septic Statement: Greater than 30% | | | Private Road: | | | ASSETS | | | Bank Statements | | | Earnest Money Amount: Cleared: | | | Gift Funds | | | Investments 401K | | | Large Deposit Documentation | | | Letter of Explanation | | | | | |...
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...ACC557 week 6 QUIZ Week 6 Quiz Answers http://workbank247.com/q/acc557-week-6-quiz-ch-07-and-08/3344 Click below link for week 6 Homework Answers http://workbank247.com/q/acc-557-week-6-homework-ch-09/3342 ACC557 week 6 QUIZ CH 07 and 08 Multiple Choice Question 107 A bank statement is a credit reference letter written by the depositor's bank. shows the activity which increased or decreased the depositor's account balance. is a bill from the bank for services rendered. lets a depositor know the financial position of the bank as of a certain date. Multiple Choice Question 65 In large companies, the independent internal verification procedure is often assigned to management. computer operators. internal auditors. outside CPAs. Multiple Choice Question 104 All of the following are parties to a check except the Federal Reserve. maker. bank. payee. Multiple Choice Question 43 Internal controls are concerned with preparing income tax returns. safeguarding assets. the extent of government regulations. only manual systems of accounting. Multiple Choice Question 146 If a check correctly written and paid by the bank for $591 is incorrectly recorded on the company’s books for $519, the appropriate treatment on the bank reconciliation would be to deduct $72 from the book’s balance. add $72 to the book’s balance. deduct $72 from the bank’s balance. deduct $591 from...
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...International trade and transactions For the past couple of weeks, we have learnt the methods of payments when dealing with the international transactions. Popular methods of payment used in international trade include: Cash with order (CWO)-the buyers pay cash when he places an order. Cash on delivery (COD)-the buyer pays cash when the goods are delivered. Documentary credit-a Letter of credit (L/C) is used; gives the seller two guarantees that the payment will be made by the buyer: one guarantee from the buyer's bank and another from the seller's bank. Bills for collection -here a Bill of Exchange (B/E) is used Open account-this method can be used by business partners who trust each other; the two partners need to have their accounts with the banks that are correspondent banks. Letters of Credit The letter of credit (LC) allows the buyer and Seller to contract a trusted intermediary (a bank) that will guarantee full payment to the seller provided that he has shipped the goods and complied with the terms of the agreed-upon Letter. This instrument, although inherently simple, can have many variations. The LC serves to evenly distribute risk between buyer and seller since the seller is assured of payment when the conditions of the LC are met and the buyer is reasonably assured of receiving the goods ordered. 1 This is a common form of payment, especially when the contracting parties or unfamiliar with each other. Although this instrument provides excellent assurances...
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...paper will focus on the process used by a bank located in the Midwestern region of the United States. Furthermore, it will provide an analysis of how by implementing the principles of the Theory of Constraints successfully improved the service rendered by the bank, thus providing a greater service to the customer. The mortgage loan process begins with a simple application. Each lender’s application requirements may differ. Generally, the formal application requires details about yourself and information regarding your financial status. Once this “pre-qualifiaction” process is complete, next comes the part where you submit documentation for verification purposes. First, documentation to confirm your identity (such as a drivers license, social security number, birth certificate, etc.) is required for the lender to request a credit report. The credit report will determine your...
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...risk, which causes uncertainty over the timing of payments between the exporter (seller) and importer (foreign buyer). • For exporters, any sale is a gift until payment is received. • T herefore, exporters want to receive payment as soon as possible, preferably as soon as an order is placed or before the goods are sent to the importer. • For importers, any payment is a donation until the goods are received. • Therefore, importers want to receive the goods as soon as possible but to delay payment as long as possible, preferably until after the goods are resold to generate enough income to pay the exporter. 4 Cash-in-Advance With cash-in-advance payment terms, the exporter can avoid credit risk because payment is received before the ownership of the goods is transferred. Wire transfers and credit cards are the most commonly used cash-in-advance options available to exporters. However, requiring payment in advance is the least attractive option for the buyer, because it creates cash-flow problems. Foreign...
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...Executive Summary Banks and other financial institutions play an important role in the financial intermediation and thereby contribute to the overall economy. Standard Bank Limited started banking operation on 11th of May, 1999 & commenced commercial operation on 3rd June, 1999; and since then it is trying to satisfy customers’ needs in full speed. The credit department of the bank plays a vital role in keeping its operation smooth. In the case, the relationship of banker & customer take the form of creditor and debtor. Standard Bank offers different types of loans and advances, which are mainly, categorized under 2 heads, namely Small Enterprise Loan & Consumer Financing. The various types of loans that fall under the category of Small Enterprise Loan are: Easy Commercial Loan, Retailers Loan, Transport Loan, Commercial House Building Loan, Possession Right Loan, Contractor’s Loan, Letter of Guarantee, Working Capital Loan, Letter of Credit, Loan against Imported Merchandise, Loan against Trust Receipt, Builders’ Loan, & Project Loan. And the loans under Consumer Financing are: Easy Loan, Consumer Durable Loan, Parua Loan, Thikana Loan, Flexi Loan, Peshajeebi Loan. This report highlights the loan policies of Standard Bank Limited; explain different issues regarding the disbursement of loans such as: sector where loans are provided, purposes of the loan, eligibility to get loans, documents required, interest charged on loans, & also the rate of penal interest in case of...
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...Lending and Retail Lending. For the purpose of this Code, the term ‘credit’ will include all funded and non-funded credit facilities. RBI’s guidelines / directives, that may be issued from time-to-time, will override the Code where applicable. 2 Short title and commencement 2.1. This Code is called IDBI Bank Ltd. Fair Practice Code for Lending. 2.2. This Code is made pursuant to the Directives of Reserve Bank of India, vide Circular No:DBOD.Leg.No.BC.204/09.07.007/2002-03 dated May 5, 2003. 2.3. This Code is applicable to all members of staff of IDBI Bank Ltd. 2.4. The Board of Directors of the Bank may modify the Code from time to time. 3 Applications for Loan and its Processing 3.1. Application for loan in the loan application form/Loan related important document (LRID) shall be comprehensive to include information about rate of interest (fixed/floating) and manner of charging (monthly/quarterly/halfyearly/yearly), process fees and other charges, penal interest rates, pre-payment option and any other matter which materially affects of the interest of the borrower. The LRID would be retained with the applicant for his future reference and would also act as an acknowledgement for the applicant for having submitted 1 Fair Practices Code for Lending the application form. (A copy of the filled application form duly signed by the borrower would also be retained by the borrower). It is expected that credit application from borrower will be completed in all aspects and be accompanied...
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...Case study Alibaba.com International Business Alibaba.com case study I. Case Background Alibaba.com is the flagship company of Alibaba Group, is the world’s largest online business-to-business trading platform for small-and-medium size businesses. Founded in 1999 by Jacky Ma in Hangzhou at eastern China, Alibaba.com has three major marketplaces. The company’s English language international marketplace Alibaba international (www.alibaba.com) serves to bring together importers and exporters from more than 240 countries and regions. The China marketplace Alibaba China (www.1688.com) is developed for domestic business-to-business trade in China. And Taobao (which means “digging treasure”) is China's most popular business-to-consumer and consumer-to-consumer trading site with more than 20 million registered users. In addition, Alibaba.com offers a transaction-based wholesale platform, AliExpress (www.aliexpress.com), which allows smaller buyers to buy small quantities of goods at wholesale prices. And Alibaba.com has achieved award after award in recognition of its achievement and impact on e-commerce, including “Best of the Web” by Forbes Magazine for seven consecutive years, the most popular B2B website by Far Eastern Economic Review, and other awards, including China Excellent Business Website and China Best Commerce Website. Alibaba.com is frequently quoted as one of the top five websites in the world along with Yahoo, Amazon, eBay and AOL, by domestic and international...
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...NOTE AUDIT REPORT AND WORKING PAPERS OF M/s Global Industries, 609-560/1 & 2, Jigani Industrial Area, Bangalore – 562 106 UNDER EA - 2000 (AUDIT PERIOD: Sept 2011 to Sept 2012 Auditors Shri S.P.Vasan, Superintendent (Audit) and Shri Bhanu Srinivas, Superintendent (Audit) SUPERVISION & GUIDANCE Shri Shrawan Kumar, Addl.Commissoner (Audit) Shri B.N.Ramesh, Asst.Commissioner(Audit) CENTRAL EXCISE BANGALORE – I COMMISSIONERATE WORKING PAPERS TO BE USED WITH STANDARD AUDIT PROGRAM FOR UNITS PAYING ANNUAL PLA REVENUE MORE THAN RS. 1 CRORE. (Approximate period of audit inclusive of preparation – 10 working days) INSTRUCTIONS FOR FILLING UP THE WORKING PAPERS 1. Each part of the Working Paper (starting from Part C) should be filled up on completion of the relevant audit step. The date on which such part is completed and Working Paper filled should be mentioned. Part A& B can be filled up at the end before submission of the Working Papers. 2. The completed Working Papers must be submitted by the audit team with the draft Audit Report (prepared as per proforma given in Annexure N in Part IV) forming the top sheet. 3. Copies of supporting documents/records/evidences referred to in the Working Papers must be annexed at the end. Each of the copy should be cross-reference to the relevant entry in the Working Paper. 4. The Working Papers form the basis...
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