Bank Supervisors Simulation Experiment Project
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Bank Supervisors Simulation Experiment Project
Bank Supervisors experiment simulation
Teams need to have the results of 100 simulations posted as soon as they can. For the benefit of other teams, please post your results (1 post per team) also as a class message (in addition to uploading here). As individuals consider the results of this simulation and discuss: Do you believe that your simulation provides evidence that the bank supervisors in case presented in week 1 were biased against females? (ii) How confident are you in your statement (iii)? Discuss how your expectation may have changed as you gained more information (in the form of empirical results).
Simulation Experiment:
Components of the following simulation experiment are to be completed by individual students with the experiment as a whole to be completed by each learning team.
Individually remove all four aces from a deck of playing cards. There will now be 24 red cards in the deck, that will represent “male” files, and 24 black cards that will represent “female” files. Alternatively, you may use 48 index cards, marking half with “M” and half with “F”. Shuffle the cards at least seven times and then cut them.
a. Count out the first 35 cards to represent the files recommended for promotion.
b. Each learning team: repeat the simulation with the cards until the team has a total of 100 simulations. With each simulation, record the number of “males” promoted. Post the results of 100 simulations in the form of an empirical probability that 21 or more of the 35 recommended for promotion were male.
ACC – Segregation Of Duties Is An Important Concept In Internal Control
Auditing question
Segregation of duties is an important concept in internal control. However, segregation of duties is often a challenge for smaller businesses because they do not have sufficient staff to segregate duties. Normally, the segregation of duties identified below results in either a significant deficiency or a material weakness in internal control.
For each “segregation of duties: problem identified here:
a. Identify the risk to financial reporting that is associated with the inadequacy of the segregation of duties.
b. Identify other controls that might mitigate the segregation of duties risks.
c. If a control is identified that would mitigate the risks, briefly indicate what evidence the auditor would need to gather to determine that the control is operating effectively.
Situations
1. The same individual handles cash receipts, the bank reconciliation, and customer complaints.
2. The same person prepares billings to customers and also collects cash receipts and applies them to customer accounts.
3. The person who prepares billings to customers does not handle cash, but does the monthly bank reconciliation, which, in turn, is reviewed by the controller.
4. A start-up company has very few transactions, less than $1 million in revenue each year, and has only one accounting person. The company’s transactions are not complex.
5. The company has one computer person who is responsible for running packaged software. The individual has access to the computer to update software and can also access records.
Bank Supervisors Simulation Experiment Project
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow