Communication Audit

  • Audit

    Dignam Case 1.9 ZZZZ Best Company, Inc Question 1. Audits are expensive. For small business, the cost of an audit will run into the thousands of dollar, for large corporations the cost may exceed a million dollars. The most common reason for a small business to incur the cost of an audit is the influence exerted by a bank that insists upon audited financial statements as a condition for granting a bank loan. Sometimes the cost of audit would exceed its benefit. The alternative is to retain a

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  • Audit

    INTERNATIONAL STANDARD ON AUDITING 560 SUBSEQUENT EVENTS (Effective for audits of financial statements for periods beginning on or after December 15, 2009) CONTENTS Paragraph Introduction Scope of this ISA ...................................................................................... Subsequent Events .................................................................................... Effective Date ....................................................................................

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  • Audit

    audit Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.[1] Internal auditing is a catalyst for improving an organization's effectiveness and efficiency by providing insight and recommendations based on analyses

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  • It Audit

    attacks, tornadoes, hurricanes, typhoons, flooding, earthquakes, and acts of god. Bob’s Inc.’s management has confirmed that a full Business Continuity Planning and Disaster Recovery plan exists and is annually tested and updated. Global Technology Audit Guide (GTAG) suggests seven key components to Business Continuity Planning and Disaster Recovery. Our team inquired about the status of each component with management. Management’s responses are summarized in italics at the end of each component

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  • Audit

    Shoes.   An audit program will be designed according to the three cycles that will be outlined below.   The first cycle that will be discussed is cash, then accounts payable and finally the payroll function.   These cycles will be evaluated for substantive procedures for Apollo Shoes and detect irregularities for each section and an appropriate audit program will be designed for each department. Cash       At Apollo Shoes irregularities or cash schemes, which could occur in the audit cycle of

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  • Audit

    significance generally attached by the business man to the functions of the auditor and his reports. These functions, and the scope of these reports, have in the past been definitely related to the character of and changes in business activity. Audits and reviews are basically procedures performed on the financial statements of a company, for the purpose of determining whether the financial statements include any material misstatements. Misstatements are essentially wrong numbers due to numerical

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  • Audit

    significance generally attached by the business man to the functions of the auditor and his reports. These functions, and the scope of these reports, have in the past been definitely related to the character of and changes in business activity. Audits and reviews are basically procedures performed on the financial statements of a company, for the purpose of determining whether the financial statements include any material misstatements. Misstatements are essentially wrong numbers due to numerical

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  • Audit

    The Marketing Audit Comes Of Age Philip Kotler, William Gregor and William Rogers Comparing the marketing strategies and tactics of business units today versus ten years ago, the most striking impression is one of marketing strategy obsolescence. Ten years ago US, automobile companies were gearing up for their second postwar race to produce the largest car with the highest horsepower. Today companies are selling increasing numbers of small and medium-size cars and fuel economy is a major selling

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  • Audit

    this information. -2- 2006 AICPA Newly-Released Auditing Questions The GAO standards of reporting for governmental financial audits incorporate the AICPA standards of reporting and prescribe supplemental standards to satisfy the unique needs of governmental audits. Which of the following is a supplemental reporting standard for governmental financial audits? a. Auditors should report the scope of their testing of compliance with laws and regulations and of internal controls. b. Material indications

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  • Audit

    SAMPLING AUDIT UNTUK PENGUJIAN PENGENDALIAN DAN PENGUJIAN SUBSTANTIF ATAS TRANSAKSI (Disusun Untuk Memenuhi Tugas Wajib Mata Kuliah Pengauditan) NAMA : Prisca Ramadhani F1312087 Rama Juni Tambunan F1312090 Tutut Novia Yanuarti F1312114 PROGRAM STUDI S1 TRANSFER AKUNTANSI FAKULTAS EKONOMI UNIVERSITAS SEBELAS MARET SURAKARTA 2013 METODE PEMILIHAN SAMPEL NONPROBABILISTIK Metode pemilihan sampel nonprobabilistik adalah metode yang tidak memenuhi persyaratan teknis bagi pemilihan sampel

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  • Audit

    AYN411 Audit & Assurance – Semester 1, 2013 Final Exam Revision Questions Additional Resources AYN411 Audit & Assurance – Semester 1, 2013 Final Exam Revision Questions Additional Resources Final Exam Revision QUESTION 1 – Audit Planning a. The Auditing Standard ASA 300 ‘Planning an Audit of a Financial Report’ states that the auditor needs to plan the audit so it will be performed in an effective way, by establishing the overall audit strategy for the audit and developing

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  • Is Audit

    addressed in the policy.  Security Awareness: An effective IS Audit helps increase level of security awareness and compliance with security measures among IT users. This also provides motivation to security officers and system administrators to do their job effectively.  Better Return on Investment: IS audits are not only considered for security nowadays but also performance management and value for IT investments. Therefore, an IS audit can be used for facilitating the effective and efficient use

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  • Audit

    The Demand for Audit and Other Assurance Services 1-1 The relationship among audit services, attestation services, and assurance services is reflected in Figure 1-3 on page 13 of the text. An assurance service is an independent professional service to improve the quality of information for decision makers. An attestation service is a form of assurance service in which the CPA firm issues a report about the reliability of an assertion that is the responsibility of another party. Audit services are

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  • Audit

    plans to establish a separate department that will provide internal audit services to her audit clients. Heng is a sole proprietor and this means he shall not have large capital base to reject clients nor does he has adequate staff force to rotate or assign. By providing additional service, Heng shall not be independent and may jeopardize his ethics as a qualified accountant. Provision of internal audit services to audit clients may create self-review and self-interest threats. Heng must ensure

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  • Audit

    audit Material misstatement: A misstatement in the financial statement can be considered material if knowledge of the misstatement would affect a decision of a reasonable user of the statement. Third party liability: A situation in which one party is held partly responsible for the unlawful actions of a third party. Independence in fact: Independence in fact exists when the auditor is actually able to maintain an unbiased attitude throughout the audit. The auditor’s ability to take an unbiased

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  • Audit

    Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called: c a. finance. b. auditing. c. accounting. d. economics. 2. easy In the audit of historical financial statements, which of the following accounting bases is the most common? c a. Regulatory accounting principles. b. Cash basis of accounting. c. Generally accepted accounting principles. d. Liquidation basis of accounting

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  • Audit

    Assurance Services Arens Elder Beasley 14th Edition Solutions Manual Auditing and Assurance Services Arens Elder Beasley 14th Edition Solutions Manual This is a sample chapter Chapter 1 The Demand for Audit and Other Assurance Services  Review Questions 1-1 The relationship among audit services, attestation services, and assurance services is reflected in Figure 1-3 on page 12 of the text. An assurance service is an independent professional service to improve the quality of information

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  • Audit

    AUDIT TUTORIAL 5 MCQ 1. D 2. B 3. A 4. D SHORT QUESTION 1) The benefits that auditor derives from planning audits are * Helping the auditor to devote appropriate attention to important areas of the audit. * Helping the auditor identify and resolve potential problems on a timely basis. * Helping the auditor properly organize and manage the audit engagement so that it is performed in an effective and efficient manner. * Assisting in the selection of engagement

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  • Audit

    Audit Committee Material Weaknesses in Smaller Reporting Companies December 2nd, 2010 OUTLINE: I. SUMMARY OF THE ARTICLE II. PROBLEM STATEMENT III. SUGGESTIONS FROM THE AUTHORS IV. RELEVANCE TO AUDITING ENVIRONMENT V. CONCLUSION I. Summary of the Article This report summarizes the article published by Gramling, Audrey A, Hermanson, Dana R, Hermanson, Heather M in the CPA journal of 2009. The main focus of the article

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  • Audit

    Section A: Audit Practice Part b (i): Why is the audit of cash important part of the audit? From an auditing standpoint, cash is an important account because cash transactions affect all other business and financial processes. Businesses acquire cash by selling goods or services, disposing of fixed assets, or acquiring debt or equity. The same businesses put their cash to use through purchasing, paying employees, and buying inventory. Audits are an important part of business. Cash audits check that

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  • Audit

    factors that might have an effect on the entity’s financial status. In this step, the chosen audit team gets familiar to the entity’s application systems understands the accounting process. This step, is the start of analytical procedures. 3. Develop Audit Plan Developing an audit plan consists of 5 main steps. First one is assesing the potential error level and risks. Second step is deciding on the audit approach. Third step is controlling; in this step potential errors are tested such as cutoff

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  • Audit

    Audit Charter Authorized by: Date: Internal Audit Facilitator: Date: Audit Planning Identify and prepare internal auditors: | |Responsibilities |Preparation and Training | |Audit Team Leaders* |( Planning. organizing, and directing the audit |( Training in audit methods and practice | |

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  • It Audit

    system is the responsibility of management. ANS: T PTS: 1 11. While the Sarbanes-Oxley Act prohibits auditors from providing non-accounting services to their audit clients, they are not prohibited from performing such services for non-audit clients or privately held companies. ANS: T PTS: 1 12. The Sarbanes-Oxley Act requires the audit committee to hire and oversee the external auditors. ANS: T PTS: 1 13. Section 404 requires that corporate management (including the CEO) certify their organization’s

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  • Audit

    market…………………………………………………………………… BCG Matrix……………………………………………………………………... Marketing segmentation ………………………………………………………… Basic for segmentation ………………………………………………………….. Customer analysis…………………………………………................................. Internal audit……………………………………………………………………. Product………………………………………………………………………….. Price…………………………………………………………………………….. Place……………………………………………………………………………. Promotion………………………………………………………………………. Tabulation of the Results and Findings………………………………………… Pie Chart…………………………………………………………………………

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  • Apple Brand Communications Audit Analysis

    Apple Brand Communications Audit Analysis 1.Assessment of Apple’s Website: After browsing Apple's official website, I think it did quite successful with an overall sense and expression of Apple’s brand image. From my own perspective, I like Apple's official website design style, simple and sophistication. On the homepage, the advertisement in the middle catches the eye, with a big post and link to the related products. Colors are also designed to be simple and fresh on the homepage, adapting

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  • Audit

    2. The risk of material misstatement at the assertion level consists of two components:Control risk and Inherent risk. According to ISA(NZ)200 paragraph 13, Control risk and Inherent risk are the entity’s risks. They exist independently of the audit of the financial report. It also refers to inherent risk and control risk as a combined assessment of the “risk of material misstatement”. According to ISA(NZ)200 para.13(n)(ii), Control risk is defined as the risk that a misstatement which could

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  • Communication Audit

    EXECUTIVE SUMMARY This report was commissioned to examine the effectiveness of internal communication of a reputed consulting firm that has widespread reach on domains such as media intelligence, PR, consulting and training to undergraduate students. The research process included conducting in depth interviews with two of the department heads and also with a reporting subordinate. Other sources include organizational statements posted online and the behavioural aspects of employees as monitored

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  • Audit

    Material Audit and Business Structure Worksheet Write a response of no more than 150 words for each the following questions: |Compare a review and an audit. What are the differences? What are the similarities? | |The accounting information is the target of the audit. It is a measure to check internal control and financial reporting of the company. | |This entails a plan of action and systematic steps to consistently audit a business

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  • Audit

    may be materially misstated due to fraud. Agreed. The auditors should communicate so that the team maintains an independent state of mind at all times during the audit. The audit approach and tests/procedures are customized to the fraud assessment made. The audit team can incorporate random testing and sampling approach in the audit work which are difficult to anticipate by the client. Also the team understands where the focus will be as a result of the fraud assessment b. Theft of personal property

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  • Audit

    CHAPTER ONE Introduction 1.1Background of the study The role of the Internal Audit traditionally has been limited to expressing Recommendations on financial statements and related issues of legality, regularity and fraud. This involves assessments of whether transactions were properly controlled, whether care was taken in the collection and custody of revenues, whether expenditures were properly incurred and generally, whether the executives’ intentions were

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  • Audit

    INTERNAL AND EXTERNAL AUDIT Professor PhD Atanasiu Pop, „Babeş-Bolyai” University of Cluj-Napoca, e-mail: apop@econ.ubblcuj.ro PhD Student Cristina Boţa-Avram, „Babeş-Bolyai” University of Cluj-Napoca, e-mail: botaavram@gmail.com PhD Student Florin Boţa-Avram, „Babeş Bolyai” University of Cluj-Napoca, e-mail: botaavramflorin@yahoo.com ABSTRACT: Analyzing the evolution process of internal audit, from its beginnings and so far, we can easily notice that internal audit function was born through

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  • Audit

    in an audit client. Self review threat It occurs when the audit from a member or audit team put itself in a position of reviewing the subject that previously the member is responsible Familiarity threat It occurs when auditor has a close relationship with the client Advocacy threat It occurs when the audit from a member of the audit team promotes/support or may be perceived to promote an audit client’s position or opinion. Intimidation threat It occurs when a member of the audit team may

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  • Audit

    Auditing HW #1 – Aug 26 1-36: a. Explain why management might want an independent audit of its financial statements. McIver’s management may want an independent audit of its financial statements for several reasons. First of all, due to the desired increasing growth, there is now a greater risk that salesmen and/or managers could report inflated numbers that align with management’s goals. An independent audit would be beneficial in discovering any such activity. Also, if McIver’s acquires the

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  • Audit

    International Science Press, examines the study of the relationship between internal audit and corporate governance with various argumentations of internal audit activities, attempting to sketch out their relationship. It analyses the contribution of internal audit to corporate governance. Based on what I found in the journal and my opinion, this journal have emphasized the importance of internal audit which is really compulsory for every company to follow as it improves the efficiency

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  • Audit

    function of the independent auditor in the audit of financial statements is expression of an opinion on the fairness with which they present, in all material respects, financial position, results of operations, and its cash flows in conformity with generally accepted accounting principles. The auditor's report is the medium through which he expresses his opinion or, if circumstances require, disclaims an opinion. In either case, he states whether his audit has been made in accordance with generally

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  • Accreditation Audit on Hospital Communication Process

    accreditation audit, I will discuss the current communication compliance status of the organization based on the Nightingale Community Hospital’s previous Joint Commission Survey. A corrective action plan will be submitted to ensure compliance with the Joint Commission along with a brief summary on why a communication review is important to the hospital. Body A. In reviewing the Joint Commission (TJC) survey results on Nightingale Community Hospital from 2 years prior, communication was cited on

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  • The Audit

    APOLLO SHOES, INC. An Audit Case to Accompany AUDITING AND ASSURANCE SERVICES Prepared by Timothy J. Louwers James Madison University J. Kenneth Reynolds Louisiana State University McGraw-Hill/Irwin ii © The McGraw-Hill Companies, Inc., 2007 Apollo Shoes, Inc. Acknowledgements We would like to gratefully acknowledge the following individuals for their assistance in preparing and completing this case. Sincere appreciation is due to Reagan McDougall, Meghan Peters, Denise

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  • Audit

    ILLUSTRATIVE AUDIT ENGAGEMENT LETTER (Date) Name of Auditee Address Dear ________________ We are pleased to confirm our understanding of the services we are to provide you with under this engagement. Audit Scope. USAID’s applicable scope of work that was part of your RFP will be included or referenced to. Audit Objectives. The objective of our audit is the expression of opinions as to whether your basic financial statements are fairly presented, in all material respects

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  • Audit

    ......................................................................................... 17! © Jones & Bartlett Learning, LLC © Jones & Bartlett Learning, LLC Lab #3: Define a Process for Gathering Information Pertaining to a HIPAA Compliance Audit ......... 17! NOT FOR SALE OR DISTRIBUTION NOT FOR SALE OR DISTRIBUTION Learning Objectives and Outcomes ........................................................................................................ 17! Required Setup and Tools ....

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  • Audit

    Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We concluded that our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence that supports the amounts and disclosures in the financial

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  • Audit

    The Human Resource Audit as an Improvement Tool Regardless of the type of company or the size of your HR department, the HR Audit is a simple, yet comprehensive tool to analyze and improve your effectiveness as a function. The audit is made up of four main steps: 1) 2) 3) 4) Define desired HR practices for your organization Assess current practices against the criterion that you have established Analyze the results Establish improvement goals and take action This simple four-step approach can be

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  • The Audit

    Chapter 1 Introduction to Audit & Assurance Engagements Difference between ACCOUNTING and AUDITING • Accounting – preparing financial statements • Auditing – examining financial statements Financial Statements Consist of: • A statement of financial position • A statement of profit or loss • A cash flow statements • Notes to the financial statements • Statement of movement in reserves Together with the documents above, companies also produce director’s reports,

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  • Audit

    The Control Environment Risk Assessment The Accounting Information and Communication System Control Activities Monitoring 7-5 7-6 Controls overlap Complementary – function together Redundant – address same assertion or control objective Compensating – reduces risk existing weakness will result in misstatement 1 Control Environment Factors Integrity and ethical values Commitment to competence Board of directors or audit committee Management philosophy and operating style Organizational structure

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  • Audit

    JetBlue Audit Paper Name Institution Introduction JetBlue boasts to be a local low-cost airline in the United States having being incorporated back in 1998 with the delivery of services commencing in 2000. The incorporation of the airline occurred in Delaware in August, and many consider it a New York hometown carrier. Jet Blue had an approximately 32 million passengers in the year 2014 and the mean flights in a day were 825. Last year, the carrier number of passengers increased to 35 million

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  • Audit

    Date: 12/12/11 Re: Audit Services Available Business nature dictates that companies must have yearly audit services provided when publicly traded. Additionally, companies not traded publicly benefit from audit services when obtaining loan or financial capital for the business. Apollo Shoes based in Shoeville, Maine and incorporated in Delaware has requisitioned Anderson, Olds, and Watershed to complete the audit for the current year. As an audit company, Anderson, Olds, and

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  • Audit

    overall assessment of the financial fraud that occurred at Worldcom. This paper will show that if an operational audit had been conducted how it could have uncovered the fraud at an earlier time. | Initial Survey and Engagement Development  In the introduction survey there are several topics that should have been discussed in the initial survey and engagement development for an audit of Worldcom. When reading the Worldcom case the very first thing that I noticed was there was no written Delegation

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  • Audit

    Consideration of Fraud in a Financial Statement Audit. The Fraud Triangle consists of three conditions generally present when fraud occurs: Incentive/Pressure, Opportunity, and Attitude/ Rationalizations. Input from forensic experts, academics and others consistently show that evaluation of information about fraud is enhanced when auditors evaluate in the context of these three conditions. To examine the impact of the fraud triangle on the audit process, this paper develops an evidential network

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  • Audit

    planning auditors should consider for clients who use computers and describe how a computer can be used as an audit tool. | 16, 17, 18, 19, 20, 21, 22 | 57, 60 | 5. Review audit documentation for proper form and content. | 23, 24, 25 | 50, 61 | SOLUTIONS FOR REVIEW CHECKPOINTS 4.1 A CPA can use the following sources of information to help decide whether to accept a new audit client. Financial information prepared by the prospective client: * Annual reports to

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  • It Audit

    IT AUDIT REPORT FOR Contents Contents 2 Contents 2 1. Introduction 4 1.1 Purpose 4 1.2 Scope 4 2. Background Information 4 3. Assets Identification 5 4. Threat Assesment 5 5. LAWS, REGULATIONS AND POLICY . 5 5.1 Hospital Policy. 5 5.2 Vulnerabilities. 5 6. PERSONNEL 5 6.2 Management. 6 6.3 Operations. 6 6.4 Development 6 6.5 Vulnerabilities. 7 7. Systems and Applications

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  • Communication Audit

    A Communication Audit August 15, 2012 A Communication Audit Organizational communication as an academic discipline embraces the study of symbols, messages, media, interactions, relationships, networks, persuasive campaigns, and broader discourses within an organization (Cheney 2004). However, organizational communication could also be used as a general term to cover public relations, public affairs, investor relations, labor market communication, corporate advertising, environmental communication

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