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MARKS: 25
Topic: AUDIT
Learning Objectives:
To inculcate a sense of applying and observing the occurrence of theoretical
concepts in the real world around
 
ASSIGNMENT:
Mr.  Shiraz contested the general elections held in 2008 and got elected as Member of the National Assembly (MNA) from  his  native constituency. During his term in the office, he delivered several projects for the people of his constituency. These projects included two High Schools, a dispensary, a union council library and  construction of  several roads. While the people are very happy with all afore mentioned projects, Mr. Shiraz is under immense pressure from several government quarters. Some  contend that these  projects could have been completed with much less funds as compared to the spent amounts, some argue that several roads yield no utility but even then they are built while others hold that the schools and library is situated at a location that can hardly bear an impact on the education and quality of life for the people. Despite all these criticism, Mr. Shiraz still upholds all his projects and defends these.

Question: What is the measure that can provide categorical grounds  to assure whether the government officials claims are correct?  
 
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MGT111 Solution ASSIGNMENT#2 FALL2012 

solution. 

Official statistics are collected and produced by national statistical organisations (NSOs), or other organisations (e.g. cantral banks) that form part of the national statistical system in countries where statistical production is de-centralized. These organisations are responsible for producing and disseminating official statistical information, providing the highest quality data. Quality in the context of official statistics is a multi-faceted concept, consisting of components such as relevance, completeness, timeliness, accuracy, accessibility, clarity, cost-efficiency, transparency, comparability and coherence.
The core tasks of NSOs, for both centralized and decentralized systems, are determining user needs and filtering these for relevance. Then they transform the relevant user needs into measurable concepts to facilitate data collection and dissemination. The NSO is in charge of the coordination between statistical producers and of ensuring the coherence and compliance of the statistical system to agreed standards. The NSO has a coordination responsibility as its President/Director General represents the entire national system of official statistics, both at the national and at international levels.

 

Idea about 2nd Assignment MGT111 Fall 2012

 

Listen me all the babies; sub se pehle hamen “the term Audit” (purpose, process and benefits of audit) k bare main brief krna ho ga, os k baad Economy, Effectiveness nd Efficiency ka relationship. Aik leader ko kia strategies apnana hon gi k os se public or government Officials donu satisfy hon. Is sari discussion k baad Mr. Shiraz k bare main ray dhai kren k os ne jo kia government officials ki nazar main wo tmam theek he agr nai to Mr. Shiraz ko kia strategies apnana hon gi k wo aik acha leader saba ho.
That’s all! Bs itni c bat he…….

M. Saeed Anser has sent you a message on Virtual University of Pakistan

Subject: Idea about 2nd Assignment MGT111 Fall 2012

------------
Listen me all the babies; sub se pehle hamen “the term Audit” (purpose, process and benefits of audit) k bare main brief krna ho ga, os k baad Economy, Effectiveness nd Efficiency ka relationship. Aik leader ko kia strategies apnana hon gi k os se public or government Officials donu satisfy hon. Is sari discussion k baad Mr. Shiraz k bare main ray dhai kren k os ne jo kia government officials ki nazar main wo tmam theek he agr nai to Mr. Shiraz ko kia strategies apnana hon gi k wo aik acha leader saba ho.

That’s all! Bs itni c bat he....... 

WO KIA AEHKAMAT HAY JO ES CHZ KA YAKEEN DELATY HY K HAMUTAI DAWY KIS HADD TAK SAHI HAIN?

Dear All Here is the solution: -

[Note: Please do not copy, just write about the Economy impact, Efficiency of Shiraz and Effectiveness of all the projects.]

First of all we will have to verify the economy use for the particular projects because it is very important factor while running any project. We suppose that government have provided a 100 million for the schools, dispensary, union council library and construction of roads to Mr. Shiraz which was estimated cost and this cost was suggested by Mr. Shiraz but when the project was started these were granted to the ineligible company which were spending extra money so according to the auditor report this can be done before time and with less money if project were granted to the eligible company, moreover the material used for these project was available in the market with lesser price from the recognized company. If the material is purchased with reasonable price as compared to the market price and project is given to the top rated company then the government official claims are not correct.

Secondly the government official claim can be measured from the efficiency of the work done by the Mr. Shiraz. As we have discussed that if the projects are granted to the ineligible company then the project completion time will be increased and ultimately extra labor and machinery will be used which will increased the cost and effect the efficiency of the company. In this scenario government official can claim that the projects can be completed in time and cost can be less if projects complete on time, if the project is given to the good company then the government official can claim to the company about surplus amount and talk about the SLA’s and it depends on the management nomination from the Mr. Shiraz.

Thirdly the government official claim can be measured through the effectiveness of the projects on the public. If these roads are not in used for public and schools, dispensary and union council is not in approach for layman then this investment of the government is not acceptable and this is bad wisdom of Mr. Shiraz because if the traffic jam problem is another road but road constructed on other side are not a good wisdom and not a facility for the public. This should be discussed before the starting of the project and assessment of the effectiveness of the project with different point of views. In this regards government official are correct if above mentioned scenario is correct.

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