Search results “Value for money audit is”
Efficiency, Effectiveness and Value for Money - Launch of Universities UK report 26th Feb 2015
Efficiency, Effectiveness and Value for Money - Launch of Universities UK report 26th Feb 2015 with Sir Ian Diamond
Views: 1286 Universities UK
04. What is Value for Money.wmv
This is the second video session on PFM jargon. We explain the meaning of 'value for money'. Go also to the PFM Board at http://pfmboard.com/index.php?topic=6406.0 to download a brochure issued by the UK Government on best practice for Value for Money in complex procurements.
Views: 2582 napodano
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Views: 297 Tiara Aw
Value for Money Audits
"Everyone can use that extra set of critical eyes to help find waste and inefficiencies in government" ~ Bart Maves
Views: 745 Bart Maves
value for money audit
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Views: 2 Shin Tia
Value For Money Audit
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Views: 5 Yuu Riz
Value for Money audit for the G8 Legacy Fund
Will the government support the AG in conducting a value for money audit on the G8 Legacy Fund
Views: 165 John McCallum
Why Audit?
KPMG clients look to our audit professionals for the ability to provide a high-quality financial statement audit and industry insight and valuable perspective on salient business issues. Each of our engagements is tailored to the client's operational structure, industry and size, in order to meet professional standards, achieve the needs of investors and the capital markets and satisfy client's and audit committee expectations. We hire audit professionals who can help provide an independent, accurate, and transparent audit. Your commitment to quality, service, and integrity is key to your success, and ours.
Views: 32107 KPMG US Careers
Value for Money : Senate Wants Full Audit Of $16bn Egina Oil Field Project
The Nigerian Senate has through its committee on local content demanded for full audit of the 16 billion Egina oil field Variation which was launched in 2013, with a target to commence operation in 2018‎. The upper chamber also‎ said that following allegations of corruption embroiled in the project, the Nigeria National Petroleum Corporation (NNPC) ought to have called for audit under the term of its contract. This is coming after the ad-hoc committee investigating the local content elements and cost variation of the Egina oil field contract and presented ‎first phase of it report to Senate‎ before embarking on recess. The chairman of the Committee, Senator Solomon Adeola made the demands while addressing contractors handling the Egina oil field contract, NNPC representative at National Assembly Complex today in Abuja.
Views: 389 Viable Tv
Report: 1 in 3 students don't think course is value for money
A National Audit Office report says 1 in 3 students don't think their course is value for money. Like what you see? Please subscribe http://youtube.com/RTUKnews FOLLOW ON TWITTER: http://twitter.com/RTUKnews FOLLOW ON FACEBOOK: http://fb.com/RTUKnews READ MORE http://rt.com/uk/ WATCH LIVE: http://rt.com/on-air/rt-uk-air/
Views: 194 RT UK
Introducing 'Value For Money' with Michael Weatherhead
http://www.imainternational.com/training/factsheet/Value+for+Money http://www.nef-consulting.co.uk/ http://www.imainternational.com/ Michael Weatherhead, International Director, NEF Consulting introduces our 'Value For Money' course. This unique 5-day programme gives you the tools and knowledge to maximise and embed value for money (VfM) approaches in your projects, programmes and organisation. You learn about best practice in economic theory as well as how to practically apply existing and emerging tools. To develop and deliver this course, we partner with NEF Consulting, the consultancy arm from the leading UK think tank NEF (New Economics Foundation). This partnership combines the technical know-how of NEF Consulting with IMA’s extensive international development experience to deliver this unique course. It is designed for development practitioners responsible for maximising VfM through all elements of programme and project design and delivery. Delivered by development economists NEF Consulting, you will benefit from the latest thinking on how to guarantee your activities deliver maximum value to your organisation and its stakeholders.
Views: 715 IMA International
Value for money analysis in Water, Sanitation and Hygiene (WASH) programming
Value for money (VFM) analysis can be an important tool for programme performance management in the water, sanitation and hygiene (WASH) sector. It can be used across the project cycle – from planning and design through implementation, monitoring and evaluation. It’s often overlooked by project managers, however – or seen as an onerous box-ticking exercise. Drawing on research from a number of DFID-funded WASH programmes in sub-Saharan Africa and South Asia, this film helps bust some common myths surrounding VfM analysis while highlighting its applicability in a range of contexts. For more information, a guidance note on how to do VFM analysis for WASH programmes, and a synthesis report of the studies, visit: www.vfm-wash.org
The Money Audit For More Success
Are you spending money on the right things? Do you really know what success is? Do you realize that some of the things you're spending money on will give you just a bump of happiness for a week, a month, or even 6-months... but they're not sustainable? In this podcast i'm going to share with you how to put your money in the MOST important places to get you to your next level of life. - To get exclusive bonuses only available to my podcast family... Subscribe to the Millionaire Success Habits Podcast today 👉 http://subscribetodean.com
Views: 3859 Dean Graziosi
Value of Audit - An evolving discussion
The Value of Audit program is bringing audit stakeholders together with investors to tackle the issues facing audit. Visit kpmg.com/ValueofAudit to learn more about the current and future direction of audit.
Views: 246 KPMG
Charles Heenan: the value of doing nothing - MoneyWeek Videos
Merryn Somerset Webb talks to value investor Charles Heenan of Kennox Asset Management about his investment strategy – and the financial benefits of doing nothing at all for long periods of time. This interview was recorded in October 2016
Views: 1968 MoneyWeek
Analysing value for Money Procurement challenges
http://www.ntvuganda.co.ug/ Out of a staggering nine trillion shillings of budgeted expenditure for this financial year ending, over six trillion was within the armpit of planned procurement from within and outside the country. However, numerous investigations from agencies such as the Auditor General, IGG and World Bank continue to raise concern to ministries and gov't departments over procurement related fraud; affecting value for money, real absorption as well as un utilized funds.
Views: 1066 NTVUganda
Value of Audit: What misperception of audit would you bring clarity to?
Four KPMG audit leaders from across the globe clear up some misperceptions around the audit. Follow #ValueofAudit on Twitter
Views: 1052 KPMG
Why Fees of CA are Justified for the services offered by them
#Efiling #Scrutiny #Taxaudit Hi Friends, Based on request from our subscribers we made this video which justifies value for money when you use services of a chartered accountant for efiling, tax audit and scrutiny assessment. Dont forget to like and share this video and most of all subscribe to our channel Youtube Tags efiling of income tax return 2018-19 efiling income tax, efiling of income tax return 2018-19 in english, efiling of income tax return, efiling app, efiling account, efiling acknowledgement number, efiling anywhere anytime, efiling aadhar, efiling aadhar link, efiling aadhar card, efiling aadhar card link, efiling aadhar otp not received, efiling by uploading form 16, efiling by net banking, efiling business returns, efiling by icici bank, efiling by sbi, efiling benefits, efiling create account, efiling cleartax, efiling company registration, efiling comtax, efiling csv, efiling cook county, lncometax efiling.com, cleartax efiling, cleartax efiling return, efiling demo, efiling download, efiling data entry, efiling digital signature, efiling details, income tax efiling demo, efiling english, efiling example, efiling kaise kare, efiling registration hindi, efiling income tax, efiling 2018-19 in hindi, efiling login, efiling for pensioners, efiling form 16, efiling fd interest, efiling for teachers, efiling for salaried person, efiling from icici bank, efiling guide, efiling guide 2018, efiling gov.in, efiling guidelines, incometaxindiaefiling efiling.gov.in, incom tax efiling.gov.in, efiling hindi, efiling help, efiling hdfc, efiling how to do, efiling hdfc bank, efiling hdfc netbanking, efiling hra, efiling in english, efiling know your jurisdiction, efiling know your pan, efiling login income tax india, efiling login india, efiling login details, efiling mobile number change, efiling me registration kaise kare, efiling methods, efiling multiple form 16, efiling new registration, efiling new, efiling through net banking, efiling procedure, efiling password, efiling registration, efiling rectification, efiling return income tax, efiling registration problem, efiling registration invalid surname, efiling registration form, efiling revised, efiling revised income tax return, efiling steps, efiling salaried, efiling surname, efiling site, efiling sbi, efiling submission mode, efiling status, efiling sbi online, efiling sign in, efiling tax, efiling tds, efiling tax return, efiling through sbi net banking, efiling tax india, efiling update, efiling user id, efiling using form 16, efiling using icici, efiling using icici bank, efiling using xml, efiling upload xml, efiling using netbanking, efiling username, efiling user id forgot, efiling venkat, efiling video malayalam, efiling video 2018, efiling verification capacity, efiling vat, efiling via netbanking, efiling vat registration, e filing without form 16, efiling website, efiling website login, e filing with icici bank, efiling what is capacity, efiling with hdfc bank, efiling xml, efiling youtube, e filing 18-19, e filing 10e, e filing 17-18, e filing 10e form, e filing 15g, efiling 139(5), itr 2 efiling online, e filing 3cb 3cd, itr 3 filing, itr 4 efiling, itr 5 efiling, e filing 80g tax audit, tax audit report, tax audit ca final, tax audit clauses, tax audit changes, tax audit seminar, tax audit form 3cd, tax audit checklist, tax audit 2018, tax audit limit, tax audit applicability for ay 2018-19, tax audit ay 18-19, tax audit ay 2018-19, tax audit annexures, tax audit applicability for fy 2018-19, tax audit analysis, tax audit basics, tax audit clauses ca final, tax audit ca final revision, tax audit details, tax audit india, tax audit in case of loss, tax audit in tally, tax audit in tally erp 9, tax audit lectures ca final, tax audit lecture, tax audit limit for ay 2017-18, tax audit limit for fy 2017-18, tax audit limit for ay 18-19, tax audit meaning, ca final tax audit may 2018, tax audit new, tax audit new format, tax audit notes for ca final, tax audit new form 3cd, new tax audit report, tax audit of companies, tax audit online, filing of tax audit report, seminar on tax audit, clauses of tax audit, tax audit points, tax audit practical, tax audit preparation, tax audit provisions, tax audit report changes, tax audit report 3cd, tax audit report for ay 2018-19, tax audit section 44ab, tax audit steps, tax audit seminar icai, tax audit seminar 2018, tax audit solutions, tax audit u/s 44ab, tax audit techniques, how to tax audit, tax audit under section 44ab, tax audit utility, tax audit uploading procedure, audit under income tax, upload tax audit report, tax audit video, audit vs tax, what is tax audit, when tax audit required, tax audit youtube, tax audit 18-19, tax audit 3cd, tax audit 3cd amendment, tax audit 44ad scrutiny assessment, scrutiny assessment u/s 143(2), income tax scrutiny assessment procedure
Views: 553 Sam and Sugar
What is an Audit? | Auditing and Attestation | CPA Exam
Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria. Auditing should be done by a competent, independent person. To do an audit, there must be information in a verifiable form and some standards (criteria) by which the auditor can evaluate the information. This information can take many forms. Auditors routinely perform audits of quantifiable information, including companies’ financial statements and individuals’ federal income tax returns. Auditors also audit more subjective information, such as the effectiveness of computer systems and the efficiency of manufacturing operations. The criteria for evaluating information also vary depending on the information being audited. In the audit of historical financial statements by CPA firms, the criteria may be U.S. generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS). This means that in an audit of Apple’s financial statements, the CPA firm will determine whether Apple’s financial statements have been prepared in accordance with GAAP. For an audit of internal control over financial reporting, the criteria will be a recognized framework for establishing internal control, such as Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (widely known as COSO). Evidence is any information used by the auditor to determine whether the information being audited is stated in accordance with the established criteria. Evidence takes many different forms, including: Electronic and documentary data about transactions Written and electronic communication with outsiders Observations by the auditor Oral testimony of the auditee (client) To satisfy the purpose of the audit, auditors must obtain a sufficient quality and quantity of evidence. Auditors must determine the types and amount of evidence necessary and evaluate whether the information corresponds to the established criteria. Auditors strive to maintain a high level of independence to keep the confidence of users relying on their reports. Auditors reporting on company financial statements are often called independent auditors. Even though such auditors are paid fees by the company, they are normally sufficiently independent to conduct audits that can be relied on by users. Even internal auditors—those employed by the companies they audit—usually report directly to top management and the board of directors, keeping the auditors independent of the operating units they audit. The final stage in the auditing process is preparing the audit report, which communicates the auditor’s findings to users. Reports differ in nature, but all must inform readers of the degree of correspondence between the information audited and established criteria. Reports also differ in form and can vary from the highly technical type usually associated with financial statement audits to a simple oral report in the case of an operational audit of a small department’s effectiveness.o determine whether the tax return was prepared in a manner consistent with the requirements of the federal Internal Revenue Code, the agent examines supporting records provided by the taxpayer and from other sources, such as the taxpayer’s employer. After completing the audit, the internal revenue agent issues a report to the taxpayer assessing additional taxes, advising that a refund is due, or stating that there is no change in the status of the tax return. Accounting is the recording, classifying, and summarizing of economic events in a logical manner for the purpose of providing financial information for decision making. To provide relevant information, accountants must have a thorough understanding of the principles and rules that provide the basis for preparing the accounting information. In addition, accountants must develop a system to make sure that the entity’s economic events are properly recorded on a timely basis and at a reasonable cost. When auditing accounting data, auditors focus on determining whether recorded information properly reflects the economic events that occurred during the accounting period. Because U.S. or international accounting standards provide the criteria for evaluating whether the accounting information is properly recorded, auditors must thoroughly understand those accounting standards. In addition to understanding accounting, the auditor must possess expertise in the accumulation and interpretation of audit evidence. It is this expertise that distinguishes auditors from accountants. Determining the proper audit procedures, deciding the number and types of items to test, and evaluating the results are unique to the auditor.
More emphasis on supervision, top level oversight in govt procurement procedures -12Aug2013
SINGAPORE: The government is placing more emphasis on supervision and top-level oversight as it seeks to strengthen procurement systems within the public service. Speaking in Parliament on Monday, Deputy Prime Minister Tharman Shanmugaratnam noted that the public sector's procurement needs will grow and become more diverse over the years. Permanent secretaries and heads of government agencies have been reminded to maintain active oversight of internal audit. They are now required to report to the Ministry of Finance, with an assessment of findings on procurement audits and follow-up actions in their agencies, each year. They must also lay down pre-emptive plans to avoid future weaknesses. This will include follow-up on audit observations by both internal auditors within the government agency and the Auditor-General. Mr Tharman, who is also Minister for Finance, emphasised that the system of checks and balances in procurement operates as a whole. He said it is not just about rules to ensure fair competition and value for money in public tenders, but also regular audits to detect lapses, and where appropriate, disciplinary actions against those responsible, including supervisors. Mr Tharman's remarks follow yet another high-profile case of financial lapse - this time, involving a former assistant director at the Corrupt Practices Investigation Bureau, who was charged with misappropriation and forgery. Edwin Yeo Seow Hiong, 39, is accused of misappropriation, totalling more than $1.7 million. This year's Auditor-General Office (AGO) report also cited procurement lapses in some government agencies. Mr Tharman stressed that the lapses cited in the report are all due to non-compliance with established rules, rather than gaps in the rules. He added that most of the findings also concern lapses committed before 2012 - that is, before the government introduced stricter procurement rules. As a whole, Mr Tharman said Singapore's system is working, which is why the country is recognised internationally as having one of the cleanest and most efficient systems of government anywhere. Despite this, Mr Tharman said the government reviews its rules regularly. He added that it's crucial that the top management sets the right tone. Addressing questions about the AGO's audit process, Mr Tharman said the office conducts annual checks of Ministries. On a less regular basis, the AGO also selectively audits other aspects of internal controls in the Ministries. The AGO conducts audits of internal controls of nearly all statutory boards at least once every five years. Mr Tharman said the AGO's resources have been significantly enhanced - its manpower has grown by over 50 per cent over the last five years. He added that the AGO's audits are for practical reasons conducted on a test-check basis, and it cannot realistically cover all aspects of procurement in all agencies. But from time to time, he said, the government does conduct thorough, one-off reviews of specific aspects of procurement across the public sector. For example, before the government tightened procedures in 2012 for handling single bids, it reviewed the procurement transaction data for the entire public sector. In the past two years, 60 officers and supervisors have been counselled, reprimanded or issued with warning letters for administrative or procedural lapses. Where warranted, Mr Tharman said officers were penalised in their performance bonuses or increments. www.channelnewsasia.com/news/singapore/more-emphasis-on/774046.html
Views: 371 154thmedia2013
Clients explain why accountancy firm is value for money
Gordon Saunders on 07812 576 430 or [email protected] This is one of eight films videoed one day in the offices of ad+, an accountancy practice in Glasgow. Some of the films were aimed at potential customers. Others were targeted at new staff. All enhance the image of this go-ahead firm.
Views: 43 Gordon Saunders
Public Sector Internal Audit Conference (PSIA) 2015
An effective and efficient government has a powerful impact on a country’s economy. Organized by the IIA Singapore and CSC Singapore, the theme of the Public Sector Internal Audit (PSIA) Conference 2015 was “Unlocking the value of internal audit – For an efficient and effective government”. Internal auditors play a vital role in strengthening corporate governance, internal controls, risk management and value-for-money initiatives in the public sector. With the increasing complex and uncertain external environment, IA must consider broadening its scope and capabilities in these areas. Beyond IA’s primary role in assurance for effective governance, it can play a more significant role in addressing external threats and risks, as well as continuing to address threats within the organisation such as frauds and corruption. It must also work closer with the Board, AC and management to overcome emerging issues and challenges that their organisations may face as a value-creation partner to help agencies operate effectively.
Views: 335 IIASingapore
European Court of Auditors - Guardians of EU Finances
Who checks that #EU taxpayers’ money is spent well? How do the #EUauditors help improve Europe’s financial management? Who are the EU auditors? How do the auditors make sure we get value for money from the EU? ℹ️ http://eca.europa.eu
Neither justice nor value for money
This week we are discussing the recent findings of the National Audit Office with regards to cuts to Legal Aid. The report shows that the reforms have not delivered value for money for the taxpayer, but have put additional strain on a range of services. With people unable to access justice, and the taxpayer not receiving value for money, it is hard to see how this is anything but a lose/lose scenario for anyone but the Treasury. You can read the report here: http://www.nao.org.uk/wp-content/uploads/2014/11/Implementing-reforms-to-civil-legal-aid1.pdf and for more about the impact upon women who are survivors of violence, click here: http://www.theguardian.com/society/2014/sep/10/women-die-legal-aid-rules-domestic-violence-victims
The role of KM in achieving efficiency, effectiveness and value for Money in the Public Sector
Prof. JOHN ADAMS Head Department of Economics British University in Egypt Cairo, Egypt WASD 2017 15th International Conference Digital revolution, smart cities and performance improvement towards a sustainable knowledge-based inclusive development Under the Patronage of His Royal Highness Prince Khalifa Bin Salman Al-Khalifa, The Prime Minister of the Kingdom of Bahrain, Ahlia University - Kingdom of Bahrain 16th - 18th May 2017 Sheraton Bahrain Hotel Manama – kingdom of Bahrain
A Keynote Speech by Sir Amyas Morse KCB, Comptroller and Auditor General
The Institute invited guests to a keynote speech by the Comptroller and Auditor General, Sir Amyas Morse KCB, as the National Audit Office (NAO) marked the 150th anniversary of the creation of the position of Comptroller and Auditor General. In the last year, the NAO supported over fifty evidence sessions of the Public Accounts Committee on topics ranging from mental health, the criminal justice system and ‘Right to Buy’ to the UK’s response to crises overseas. In his speech, Sir Amyas set out the challenges facing public servants in delivering value for money and good quality public services for citizens. He drew on examples – both good and bad – from across the NAO’s body of work to unpick why, despite the best of intentions, public money is not always spent to best effect. He also highlighted what we can learn from those aspects of public spending that do achieve the gold standard of being good value for money. The event was chaired by Julian McCrae, Deputy Director of the Institute. The speech was followed by a question and answer session.
Espion - CISA®: The Gold Standard in Global IS Audit
Espion - CISA®: The Gold Standard in Global IS Audit A short webinar on how a substantive audit programme can make a real difference to organisation and drive value for money IT usage while ensuring Information Security. This webinar will be led by our CISA® Instructor, Sean Hanna. Sean is one of Europe's leading IT Security training instructors with extensive experience in the design and delivery of security training. Winner of the European Security Trainer of the Year in 2007, 2008, 2010 & 2011, Sean has a vast amount of experience in the areas of security auditing, GRC, penetration testing and incident handling.
Rolling out Universal Credit – NAO report
Joshua Reddaway, Director, Work and Pensions Value for Money at the National Audit Office, examines whether the Department for Work and Pensions is on course to achieve the aims of Universal Credit. Read the full report here: http://ow.ly/ki1X30kvKup
Views: 1002 National Audit Office
National Audit Office Annual Report 2012
The NAO Annual Report highlights that, during 2011-12, we met all our targets. The NAO saved public money through the delivery of £1.1 billion in financial impacts while continuing to deliver in our core areas of expertise, auditing 458 accounts and publishing 60 value for money reports during the year.
Views: 1791 National Audit Office
How to maximize value for money from analyst contracts
2013 webinar with Rachel Godwin (then Harnden), from Progress Software, Duncan Chapple and Bram Weerts from Kea Company. We recommend six steps for firms wanting to get more value from analysts, but there's one over-arching observation: it's a win-win activity. We've found that account executives at analyst firms are generally willing partners in helping clients to get the best value. Of course they want to maximise contract value, but they know that the wrong portfolio of services won't be highly valued. With very few exceptions, you can expect salespeople at analyst firms to be serious partners. Here's how to do it. 1. Audit. Large organizations sometimes lose sight of what is being spent with analyst firms outside of what goes through the primary contract. Identifying this current spend and adding it to total spend, strengthens your position. Having all the data in hand before the contracts are presented puts one in a position of strength. 2. Benefits. Analyst firms should give valuable insight into market changes and developments, future trends, technology insights, what others are doing, and what customers want. The analysts can be an information bridge between vendor and clients. By measuring the benefits of subscriptions, you can establish value for money. 3. Goals. Clients need to establish which firms best allow it to meet business goals. That means understanding who the priority users are, what parts of the value proposition are primary, and what users of analysts services find each firm's strengths and weaknesses to be. 4. Options. Any choice is only as good as its best available alternative. So identify alternative sources of research and inquiry access. There may be some areas of duplication between the analyst firms, and there might be some opportunity to better align analyst access internally. Identify the best alternative provider for every service, so you're not dependent on any one firm. 5. Portfolio design. Analyst firms employ some habitual tricks to get more power, including offering benefits which are either not essential to client success, or presenting established levels of service or access, which are not explicitly placed in the contract, as a special favour. To get around that, identify a portfolio of alternative firms that offer the best value for the analyst services that are critical for success. Consider taking a quarter off from your most long-standing contract, just to ensure you're not dependent on a provider. 6. Negotiate. Work to bring the best value services, shown in the benefits analysis, into the bottom line of the contract negotiation. Review contracts to ensure that the terms include what users need. Negotiate the contracts extensively in advance. Everything depends on those how well the analyst firm understands the client's initial needs, and how proactive it is in making that happen. The rest is mechanics and either account teams deliver or not. If they don't, they don't deserve your business.
Views: 289 Duncan Chapple
Are Computers taking Accounting Jobs? (Job Security)
ZACH DE GREGORIO, CPA www.WolvesAndFinance.com I get asked this question a lot. “Are computers taking accounting jobs?” And when I get asked this question, I actually chuckle to myself, because it is something I never worry about. But there are a lot of people out there who worry about this. So I wanted to talk about the issue. The simple answer is, YES, computers are taking accounting jobs. But there is no reason to worry about it. So let me explain what I mean. You really have to look at this from a historical perspective. Imagine how accounting was done before computers. Companies would have these massive rooms that were full of accountants. And these accountants would have these ledger books, and they would write by hand every transaction that happened in the company. Then you would take all these books, add them all up, and that is how you would create a set of financial statements. This took an enormous amount of man power. Then computers come along. Nothing is done by hand anymore. When a transaction happens it is instantly recorded in a computer. So all these jobs instantly become obsolete. None of these accounting jobs exist anymore. So this happened in the 80s and 90s. And here we are today in 2017, and we have more accounting jobs than ever before. So computers destroyed all these jobs but we still need more accountants. So that’s why I never worry about it. Because we have lived through incredible technological advances, and the role of the accountant continues to be in demand. The reason for this is there are business owners around the world. And these business owners need a physical person in their business to watch the money. It doesn’t matter how advanced your computer system is, there still needs to be someone sitting there watching the money. And that accountant, needs another physical person from outside the company to come in and audit them. And then both of those accountants need another accountant to come in and do all of their taxes. Technology will always advance, but accounting jobs are also constantly changing. Business is becoming more complex, and there is more demands on accountants then ever before. I don’t think this question is really about computers. Computers are just a scapegoat. What this question is really about, is job security. Accountants tend to be practical people, and so job security is something they really care about. Job security is one of the reasons people are attracted to accounting. And so when you threaten job security, accountants freak out. So if this is you, if you are worried about job security, there is a couple of things you need to realize. 1) There is no such thing as 100% job security. So stop worrying about. Things happen in life. Your company could unexpectedly go bankrupt, and you would be out of a job. And you know what? You just deal with it. You just go out and find another job. Now I am not making light of being unemployed, because I know it’s difficult and scary. But there is no point in making life choices, based on the fear of something you have no control over. 2) Don’t choose a career by trying to predict the future. Choose a career based on what you love and jobs people are paying for today. Your career is going to be 30-40 years long. You have no clue about what the business world is going to look like in 30-40 years. So stop worrying about it. If accounting stops being a thing in 40 years, than go find another job. 3) Never stop learning. What you learn in college will become obsolete in five years. If you take your first job out of college and never improve your skills, you probably should worry about job security. The world is always moving forward, and you want to make sure your skills are always in demand. 4) Generate tremendous value. If you are generating tremendous value at your job, you will always have job security. If you are making 100k at your job, and you are generating 200k of value for the company, that company is never going to let you leave. So instead of worrying, you should be thinking of ways to really excel at your job. Find every opportunity around you to create tremendous value. I am hoping my message here is hopeful. The world is always changing, but you have control over your destiny. You have the choice to continue improving your skills. You have the ability to create tremendous value at work. So don’t be scared of job security, and don’t be scared of computers. Neither Zach De Gregorio or Wolves and Finance Inc. shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.
Views: 10618 WolvesAndFinance
The National Audit Office’s Value-for-Money Assessment of Transport Investments - Geraldine Barker
Presentation on "The National Audit Office’s Value-for-Money Assessment of Transport Investments " by Geraldine Barker, National Audit Office, UK. Presented at the ITF Roundtable on "Ex-post assessments of transport investments and policy interventions: Prerequisites and methodological challenges" Paris, 15 September 2014.
Views: 399 IntTransportForum
Universal Credit 'may never deliver value for money'
Universal Credit 'may never deliver value for money'. The government's Universal Credit system has not - and may never - deliver value for money, according to a public spending watchdog. In a highly critical report, the National Audit Office (NAO) says the single payment scheme may cost more than the benefits system it replaces. It added that it might never be known if it will achieve its stated goal to increase employment. Universal Credit is the government's reform of the benefits system, consolidating benefits such as tax credits, unemployment and housing benefit into one monthly payment. It is designed to simplify the benefits system and to provide added incentive for claimants to find employment. This is the impact of universal credit. Line 18: Is welfare really working? The NAO report offers a withering critique of the scheme, echoing long-held criticism voiced by its opponents. It found the roll-out of Universal Credit has been much slower than was intended. It was due to be in place by October 2017, but after a number of problems only around 10% of the final expected caseload are currently claiming the benefit eight years later. The NAO found that in 2017, around one quarter (113,000) of new claims were not paid in full on time. Late payments were delayed on average by four weeks. From January to October last year, 40% of those affected by late payments waited around 11 weeks or more, and 20% waited nearly five months. The report authors found the use of foodbanks increased more rapidly after Universal Credit was rolled out to an area. However, they concluded that the scheme will continue because of the complexity that would be involved in returning to the previous system of benefits. Amyas Morse, head of the NAO, said: "The Department has pushed ahead with Universal Credit in the face of a number of problems, but has shown a lack of regard in failing to understand the hardship faced by some claimants. "The benefits that it set out to achieve through Universal Credit, such as increased employment and lower administration costs, are unlikely to be achieved. Yet the Department has little realistic alternative but to continue with the programme and hopefully learn from past mistakes." The NAO also found the Department of Work and Pensions (DWP) had not shown "sufficient sensitivity" towards some claimants and that it does not know how many are having problems with the programme or have suffered hardship. Reacting to the report, Frank Field, the chair of the work and pensions select committee, said: "This report blows up the DWP's constant assertion that everything is going well and that any criticism comes from those who wish to make trouble for Universal Credit. "The points that individuals have raised with the select committee are now writ large as systemic faults within the system and the government is caught in a trap of its own making. "The Universal Credit we have seen is a shambles, leaving a trail of destruction in its wake. Sadly, this report will make little difference if the senior officers running Universal Credit remain firmly entrenched in La La Land." In response to the report, a spokesperson for the DWP said: "Previous administrations poured billions into an outdated system with a complex myriad of benefits, which locked some people into cycles of welfare dependency. "Whereas we are building a benefit system fit for the 21st century, providing flexible, person-centred support, with evidence showing Universal Credit claimants getting into work faster and staying in work longer. "Universal Credit is good value for money and is forecast to realise a return on investment of £34bn over 10 years against a cost of £2bn, with 200,000 more people in work. Furthermore 83% of claimants are satisfied with the service and the majority agree that it 'financially motivates' them to work. "As the NAO acknowledges, we have made significant improvements to Universal Credit as part of our 'listen and learn' approach to its roll-out, and it's on track to be in all job centres nationally by the end of 2018." World Business Current Affairs Financial Economy Global Markets Original Jedi Business Donations Welsome https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=DPK4PYVL8ZSZN
URA urges better accountability and transparency from government agencies
The financial year is drawing to a close, with the tax payer urging Ministries, Departments and Agencies of government to ensure proper accounting practices and value for money. These recipients of tax payer’s money, some even self accounting and spending at source especially the non tax revenues have at times been culpable in audit queries. Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our Facebook page http://www.facebook.com/NTVUganda
Views: 276 NTVUganda
Value of Audit Roundtable in Toronto: The role of capital markets
Participants provide perspectives on the role of capital markets during the Value of Audit Roundtable in Toronto.
Views: 378 KPMG
Bbc team costing £22.4 million ‘at risk of not providing value for money’, watchdog warns
GETTYBBC funding A watchdog has warned the beebs Audiences team may not provide future value for moneyThe National Audit Office NAO says the corporation’s Audiences team, which is due to spend £23.7million next year, needs to ensure its major projects one of which was delayed by 15 months are completed on time. The team of analytics experts was set up in response to a massive increase in the use of the BBC’s iPlayer service and is tasked with collecting data from those who watch and listen to th... Source: http://www.express.co.uk/ #brexit #eu #referendum #uk #world #breaking #news -------- Follow ebreaking on: ☀ YouTube: https://goo.gl/Lnk2Hg ☀ Website: https://goo.gl/T0Rt55 ☀ Facebook: https://goo.gl/BsHWZv ☀ Google Plus: https://goo.gl/8HDdu5 ☀ News 2U: https://goo.gl/AB1LpN Thanks for watching! Videos can use content-based copyright law contains reasonable use Fair Use (https://www.youtube.com/yt/copyright/)
Views: 35 ebreaking
Balance sheet-Intermediate Accounting-Summer 2015(L3)-Professor Bloch
Principles of Auditing: Professor Liburd Lecture 1 Overview 1/24/14 Please visit our website at http://raw.rutgers.edu TIME STAMPS 0:19 In the Public Interest 1:58 Center for Audit Quality Website (& video) 6:44 Auditing vs. Accounting 11:35 Definition of Auditing 27:03 Purpose of Auditing 30:01 Information Risk 30:59 Assurance vs. Attestation 34:25 Sarbanes-Oxley Act The purpose of this lecture is to provide the student with an overview of auditing and assurance services and the CPA profession as a while. Auditing and accounting are technically two different fields, and thus should be distinguished. Accounting is the recording, classifying, and summarizing of economic events for the purpose of providing financial information used in decision making. Auditing is determining whether information that has already been recorded properly reflects the economic events that occurred during the accounting period. More specifically, auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions (financial statements, including footnotes) about economic actions and events to ascertain the degree of correspondence between the assertions and established criteria (GAAP) and communicating the results (auditor's report and other reports) to interested users (persons who rely on the financial reports to make economic and financial decisions, such as creditors and investors). An audit is performed by a competent, independent person (both independent in fact and independent in appearance). The auditor must be qualified to understand the criteria used and must be competent to know the types and amount of evidence to accumulate to reach the proper conclusion after the evidence has been examined. The competence of the individual performing the audit is of little value if he or she is biased in the accumulation and evaluation of evidence. Overall, auditors lend credibility to the financial statements presented by management. There are numerous factors that have contributed towards the need of independent auditing today. (1) Remoteness of information (i.e. lack of stockholder interaction with management, directors not being involved in daily operations and decision making, and dispersion of the business among numerous geographical locations and complex corporate structures). (2) Biases and motives of the provider. Information will be biased in favor of the provider when his or her goals are inconsistent with the decision maker's goals. (3) Voluminous data. Most business have to deal with millions of transactions processed daily via a sophisticated computerized system. There are also multiple product lines, and multiple transaction locations (probably for EACH of the aforementioned product lines). A fourth is (4) Complex exchange transactions. New and changing business relationships lead to innovative accounting and reporting problems. The potential impact of transactions is not always quantifiable, which in turn leads to increased (and sometimes more complex) disclosures. Auditing plays an important role in reducing information risk. Information risk reflects the possibility that the information upon which the business risk decision was made was inaccurate. Causes of information risk include the fact that it is nearly impossible for a decision maker to have much firsthand knowledge about the organization with which they do business (i.e. information from others must be relied upon). Furthermore, if information is provided by someone whose goals are inconsistent with those of the decision maker, the information may be biased in favor of the provider. The higher the volume of transactions, the greater the risk that improperly recorder information is included in the records. Exchange transactions between organizations have become increasingly complex and therefore more difficult to record properly. There are four major elements of the broad definition of assurance services. (1) Independence-integrity and objectivity. (2) Professional services (which involves some element of judgment based on education and experience). (3) Improving the quality of information or its context (assuring users about the reliability and relevance of information). (4) For decision makers. An attestation service is a type of assurance service in which the CPA firm issues a report about the reliability of an assertion that is the responsibility of another party. To attest means to lend credibility or to vouch for the truth or accuracy of the statements that one party makes to another. It is primarily financial information. There are five categories: (1) audit of historical financial statements, (2) attestation of internal control over financial reporting, (3) review of historical financial statements, (4) attestation services on info technology, (5) other attestation services.
Views: 49746 Rutgers Accounting Web
EAC Procurement: Achieving value for money
East African Procurement Authorities want SME-specific and uniform legislation that will help this segment of the market reap from the 30% government expenditures which generally is spent on procurement. The region's procurement bodies are meeting in Kampala in the 6th East African Procurement Forum. Rheiner Ojon reports For more news visit http://www.ntvuganda.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our FaceBook page http://www.facebook.com/NTVUganda
Views: 109 NTVUganda
Adjunct Professor Steven Lewis presents: Value for money in health care
Adjunct Professor Steven Lewis gives this public lecture entitled 'Value for money in health care: Why it's so hard to achieve and what to do about it' at The Australian National University on 11 November 2010. There is abundant evidence that in conventional economic terms, health care in prosperous nations delivers very little additional benefit at the margins of spending. This presentation explores the reasons why diminishing marginal returns are the norm in health care. It examines how scientific evidence, price, volumes, and incentives affect costs and marginal returns, and highlight areas that are particularly prone to high costs and low returns. Drawing on lessons from population health, health services research, and quality improvement, it concludes with potential strategies to improve value for money in health care, recognising the political and interest-based realities of contemporary systems and the need to build professional and public support for change. Steven Lewis is a health policy and research consultant based in Saskatoon, and Adjunct Professor of Health Policy at the University of Calgary and Simon Fraser University. Prior to resuming a full-time consulting practice he headed a health research granting agency and spent 7 years as CEO of the Health Services Utilization and Research Commission in Saskatchewan. He has served on various boards and committees, including the Governing Council of the Canadian Institutes of Health Research, the Saskatchewan Health Quality Council, the Health Council of Canada, and the editorial boards of several journals, including Open Medicine. He writes frequently on topics such as reforming and strengthening medicare, improving health care quality, primary health care, regionalisation, and health policy and politics.
Views: 1641 ANU TV
Strategic procurement (Report 1: 2016–17)
Procurement of services and supplies makes up a significant proportion of expenditure for Queensland Government departments. During 2015–16, 21 government departments and 16 Hospital and Health Services made around 2.1 million separate payments to procure about $10 billion of supplies and services from 33 903 suppliers (excluding capital spend). This is about 18 per cent of their total expenditure. Accountable officers — usually departmental directors-general and agency chief executives — are responsible for carrying out their operations efficiently, effectively, and economically. This includes economy in procurement — the cost-effective acquisition of services and supplies of the right quality at the best price. There have been several reviews into whole-of-government procurement between 2007 and 2012. Each review identified significant opportunities for departments to achieve substantial cost savings; however, while the public sector is better positioned to undertake strategic procurement now than it was four years ago, significant financial benefits have not been fully delivered. This audit examines whether Queensland Government departments are enabling and achieving value-for-money procurement outcomes through effective strategic procurement. It also examines if sufficient measures are in place to develop the necessary procurement capability in the staff who work in this field, and whether good quality data is available.
Liz Morrish - The accident of accessibility: How the data of the TEF creates neoliberal subjects
Liz is an independent scholar and campaigner for sustainable careers in higher education, and against audit culture. She left academia in 2016, and recently wrote this for the Times Higher https://www.timeshighereducation.com/features/why-audit-culture-made-me-quit Liz blogs at https://academicirregularities.wordpress.com/ And tweets @Lizmorrish In an era of neoliberal reforms, academics in UK universities have become increasingly enmeshed in audit, particularly of research ‘outputs’ via the Research Excellence Framework (REF). A new Teaching Excellent Framework (TEF) has emerged in 2017, whose results are determined primarily by proxy data of National Student Survey (NSS) scores, retention data and Longitudinal Educational Outcomes data (LEO), i.e. salaries of graduates. This has been made possible by SBEE (Small Business, Enterprise and Employment Act 2015) legislation which has enabled data mining and synthesis of data streams from records held by the Student Loans Company (SLC), HMRC and universities themselves. These two audit processes, REF and TEF, were originally envisaged as instruments to evaluate research and teaching, respectively, at institutional level. This had a distinctively neoliberal purpose in seeking to mould universities more closely towards serving the economic needs of the nation. The REF, however, has also been recruited as an instrument of individual performance management in universities, with each academic forced to compete in academic output and research funds with the most talented and unencumbered scholars. The TEF, similarly, bestows an institutional ranking, but will rapidly be repurposed in order to shape the behaviour and priorities of academics. For example, the participation of local areas (POLAR) classification allows universities to be rated according to their success against the Widening Participation (WP) agenda. In this way, universities can appear to fail by revealing larger differential outcomes for target groups according to ethnicity and social class than their benchmark permits. The discourse of the TEF legislation, bolstered by studies from HEA/HEPI, assumes the source of inequality of outcome is poor teaching and requires corrective action by universities. Further justification for surveillance and quasi-regulation is borne by appeals to ‘value for money’ and ‘competition’. Universities are positioned as subject to market forces, and students positioned as consumers. Universities are responding by creating ‘managers for the student experience’ whose responsibility it will be to oversee change, without ever addressing the question of what causes differential outcomes, or what actions on behalf of government or institutions might make a difference. I argue that what seems to be an arbitrary constellation of proxy data points has in fact been a calculated plan to render universities, staff and students as neoliberal subjects. The accident of accessibility, inasmuch as it overlaps with the neoliberal imperative, has determined which data shall function as Key Performance Indicators (KPIs). These KPIs are signalled via metrics-driven student and staff dashboards which offer no retreat from the interpretation and coding imposed by government, and the whole assemblage is cemented by discursive choices which align with neoliberal principles. In this way, the ideological purpose of the legislation and the audit is realized: the imposition of institutional and personal responsibility for structural inequality has been achieved. The Government White Paper Success as a Knowledge Economy, May 2016, will form the text for corpus analysis of keywords, discourses and metaphors.
The Auditor-General's annual audit work program
The Auditor-General publishes an annual audit work program in July each year, which takes regard of the priorities of the Parliament as outlined in the Auditor-General Act. The purpose of the program is to inform the Parliament, government sector entities and the public of the audits we propose to deliver throughout the financial year. The program covers financial statement and performance audits, and other assurance activities.
Views: 190 ANAO Communication
How to Show the Management Value of Operational Audit : More Small Business Questions
When undergoing an operational audit, it is important to show management value. Show the management value of operational audit with help from a small business owner and active advocate for the small business community in this free video clip. Expert: Shawn Herring Contact: itsbid360.com/blog Bio: Shawn Herring is a small business owner and active advocate for the small business community. Filmmaker: Keilon George Series Description: Running your own small business can be stressful for everyone, but it's important to realize that there are others out there that are willing to help. Get answers to more small business questions with help from a small business owner and active advocate for the small business community in this free video series.
Views: 481 ehowfinance
Internal Control & Internal Audit
Download the Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/Acc/LX%20Live%20Show%20notes_Gr%2012_Accounting_03_Ethics%20&%20Internal%20Controls_14Feb.pdf In this live Grade 12 Accounting show we take a look at Ethics & Internal Controls. We ensure that we understand some key ethical concepts as well as principles of internal control. We look at the difference between external & internal auditors, apply ethical & control measures to solve accounting problems and finally - analyse a bank reconciliation statement. Visit the Learn Xtra Website: http://www.learnxtra.co.za View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live Join us on Facebook: http://www.facebook.com/learnxtra Follow us on Twitter: http://twitter.com/learnxtra ( E00197092 )
Views: 125187 Mindset Learn
The Audit, Proto type Theater, Trailer One
There’s a shadow coming, across the sea. Long and terrifying. The vultures are circling, the wolves are howling… how can we weather this storm? The global economy is a mess. The crash has landed, the tide’s swept out, and it’s taken our hope with it. There’s less in our pockets and more to be spent. The rich have got richer, the middle’s squeezed tight, and the poor are being dragged ever downwards. With the true value of money and the human cost of greed firmly in their sights, Proto-type Theater tell the story of how a nation raised their voices in protest and railed against the currents. Using original text, performance, film, music and animation, THE AUDIT is about finding strength, overcoming a world designed to keep us docile, and how collective power can move a mountain – even if only a little. THE AUDIT is Proto-type’s second theatrical work examining contemporary politics, following A Machine they’re Secretly Building, a “smartly intelligent hour-long whizz through the world of surveillance” (Lyn Gardner, The Guardian).
Views: 190 Lancaster Arts
Intangible Assets  | Intermediate Accounting | CPA Exam FAR | Chp 12 p 1
The  characteristics  of  an  intangible  asset  are:  (1) they  lack  physical  existence, and (2) they are not a financial instrument. The most common types of intangibles  reported are  patents, copyrights, franchises, licenses, trademarks, trade names, and goodwill. 3.  Cost  is  the  appropriate  basis  for  recording  purchased  intangible  assets.  Like tangible assets, cost includes acquisition price and all other expenditures necessary in making the asset ready  for  its  intended  use—for  example,  purchase  price,  legal  fees,  and  other  incidental expenses.  When  intangibles  are  acquired  for  consideration  other  than  cash,  the  cost  of  the intangible  is  the  fair  market  value  of  the  consideration  given  or  the  intangible  asset  received,  whichever  is more  clearly  evident.  Costs  incurred to  create internally ­created intangibles  are  generally expensed as incurred. intangible assets, amortization, definite life intangible, indefinite life intangible, impairment loss, patent, goodwill, trademark, copyrights, franchises, licenses, internally created intangibles, research and development cost

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