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Accounting Systems and Processes
New Age Designs Pty Ltd is a small to medium size organisation dealing in the sale of caps and hats to the govt Dept. Since John’s accountant is inexperienced in Xero the best approach is either enrolling in a structured program to get the full expertise or doing tutorials as understanding Xero is comparatively easy. The major constraint with Xero is its being the web portal a good and high-speed net is r…
Accounting Systems and Processes
Today I am going to talk about the increase in frauds in the corporate sector in Australia. It was identified from the surveys conducted that due to pandemic situation internal controls of the organization are under pressure. Let’s understand the internal controls of COSO and impact of COVID-19 on each one of them. There are five components of COSO. These include control environment, risk assessment, info…
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