Archive for the ‘Money’ Category

The Auditors

Friday, November 30th, 2007

The function and role of the auditors is to audit a company’s account before their presentation to members. An approved company auditor is a person approved by the Minister for Finance, whose approval has not been revoked. An approved company auditor includes person qualified to act as an auditor of the company under the law of the place in which the company is incorporated.

The main objective of an auditor are to certify the correct and effectiveness of the financial position at the company that have been shown in the loss and profit account and also at the balance sheet. This is important to detect any errors and at the same time to detect any fraud. Another function of an auditor, to make an examination on the company’s account before the account is being presented to the shareholders of the company. This process will make sure that the auditors of the company will report to the shareholders on the circumstances that have been committed on that particular account.

Generally, the role and functions of the auditors of the company is:

• To determine and make report whether the account that has been audited is give true and wide information about the financial status of the company.

• It also important to for the company compliance that has a connection to the provision of the Act.

Company Act stated that:

• Each company must have an auditors to control their accounts

• The auditor so appointed must be an approved company auditor and must not be otherwise closely associated with the company.

As a conclusion that we can make, the auditors is very important for the company because they play a very important role to the company, shareholders and also for the third parties of the company. The auditor also must be independence and should not bias for what they have done. This is because the report that they will be produced will determine the financial status of the company. The auditors also should report any problem that have rise to the shareholder about the company account without any fear.

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5 Simple Ways To Save Money

Thursday, November 29th, 2007

Everyone would like to have more available money each month. You will find that when you use these five simple tips for saving money, you will reduce your spending and save more money for other things. Without further ado, here are the 5 tips:

1: Entertainment

The first thing to look at is your entertainment expenses. This includes going out dinner, a movie or the local tavern. You can save money by dinning at home and renting a movie for the night. As for going to the local tavern, you could choose to go during happy hour when the drinks are cheaper and you receive more drinks for your money. There are often ways you can enjoy yourself just as much but spend less money.

2: Switch To VOIP

Switching your landline phone to a Voip phone service will cut your phone bill by about half. It is cheaper to have a Voip phone with the same services you have with a landline phone with your local phone company.

3: Automotive Expenses

Your automotive expenses can be reduced by doing some things yourself. Changing the oil is not hard to do, and does not take a lot of time, either.

4: Shop At Discount Stores

Shopping at stores such as Wal-Mart or Kmart will save you money. This includes pet supplies, grooming supplies and at Wal-Mart, even your grocery bill will be reduced. It may not be as convenient as going to a store closer to your home, but in the end you will save money.

5: Budget:

Always shop with a list and stick to your budget. This is where many people overspend. If you plan the budget for entertainment, automotive needs and groceries, do not go over. This is especially true when you are at the grocery store. Stick to your list and do not buy things that are not on your list.

Bonus Tip:

Keep in mind that when you go grocery shopping, always eat before you go. People who go to the store hungry are prone to buying more than what they originally when to buy.

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