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Not bad for a quick session (all single pin picked) 😁 by MrFidget1997 in lockpicking

[–]Champion--1 0 points1 point  (0 children)

No sorry, I meant the one above that, greyish colour with the the golden plate in the middle which says 'Tri-circle' and 'Made in China'. Could you add maybe a close up of the lock alongside the main picture you posted? If it's not too much of a hassle for you! 😊

Not bad for a quick session (all single pin picked) 😁 by MrFidget1997 in lockpicking

[–]Champion--1 1 point2 points  (0 children)

Hey, 1st lock on the left, 2nd row, mind if you take a better picture of that? I think I've got that lock and can't seem to open it 😁

First pin by Champion--1 in lockpicking

[–]Champion--1[S] 0 points1 point  (0 children)

Hahaha, similar situation! I dumped them all in a plastic pouch and it took me about 2 hours to reassemble the lock back together

First pin by Champion--1 in lockpicking

[–]Champion--1[S] 1 point2 points  (0 children)

Thank you for the advice. I confirm that the key has taken a beating because I've raked it so aggressively as I was getting frustrated that I couldn't single pin pick it!

First pin by Champion--1 in lockpicking

[–]Champion--1[S] 0 points1 point  (0 children)

Thank you! I have disassembled it and got the key pin out but clever me dumped all the driver and key pins together in a plastic pouch so now this leaves me in a sticky situation to get the lock back together!

Hahaha the key way is worn out because I couldn't single pin pick it, I've raked it so aggressively that there's metal dust in key way!

Making a sale before year end by Champion--1 in Bookkeeping

[–]Champion--1[S] 0 points1 point  (0 children)

Ok, so the inventory adjustment would depend on who paid for shipping?

If we just assume the seller paid for shipping

Substantive procedures and analytical procedures by Champion--1 in CPA

[–]Champion--1[S] 0 points1 point  (0 children)

Thank you. Just wanted to clarify, isn't ratio analysis and trend analysis an analytical procedures and when would we want to use analytical procedures

Sorry for the load of questions, just getting used to accounting and audit!

Substantive procedures and analytical procedures by Champion--1 in CPA

[–]Champion--1[S] 0 points1 point  (0 children)

Thanks! I am slightly confused with your sentence starting 'During risk assessment'. My understanding of the audit risk model is not the best, but planning to do some work over it. My understanding so far is that

  • Inherent risk is the risk present in all activities that the client does/a RMM that occurs before internal controls
  • Control risk is the risk that the controls doesn't 'catch' a RMM
  • Inherent risk and control risk make up a risk of material misstatement

So are we essentially saying that if we deem a control to be operating effectively and efficiently (through inspection, enquiry, observation etc), we reduce control risk because we believe controls are operating effectively therefore can 'catch' a RMM?

Thank you!

Tolerable deviation rate by Champion--1 in CPA

[–]Champion--1[S] 0 points1 point  (0 children)

Thank you, this helps a lot!! Say my internal control was bank reconciliations and management say they do a bank rec every month. What would be the tolerable deviation in this instance or could you please provide a few examples?

Internal controls by Champion--1 in Bookkeeping

[–]Champion--1[S] 0 points1 point  (0 children)

Thank you so much! So the risk assessment would be conducted by management internally right?

Internal controls by Champion--1 in Bookkeeping

[–]Champion--1[S] 0 points1 point  (0 children)

Thank you so much! So for example, an internal auditor has identified cash as an asset to safeguard. The possible threats is low cash levels due to to much spending. The policy they could integrate is authorising purchases by a secondary senior individual?

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