Essays on Audit

Understanding oneself is a critical aspect for one to succeed in life. Self-understanding involves a keen analysis of one’s interests, capabilities, skills, learning capabilities and motivating factors among others. As such, these are some of the factors that will drive an individual towards a career path. In most cases, many individuals do not understand the difference between a job and a career. A job is something that one does to earn money but the individual has no long term desires to be in that job. Basically, one is engaged in a job because they have to but not ...

Introduction: Ethical Issue

Auditors hold positions of trust in the society. However, over the years, auditors have been accused and, in some occasion, found guilty of failing to live up to these expectations. Therefore, this inability necessitated the enactment of laws that will support both accounting through strengthening firm’s internal controls and procedures and auditing through attestation of these internal controls. As such, this has strengthened the auditors’ position to uphold the social trust. Nonetheless, isolated cases have been observed where auditors have given the organization a clean bill of health yet such organization end up collapsing due to malpractices that ...

Crisis Communication

Background Target Corporation is the second largest discount retailer in the United States and opened its first store in 1962. The first store was located in Roseville, Minnesota and by 1972 there were 46 stores throughout the United States. In 1982 Target Corporation had acquired 33 FedMart stores in Arizona, California and Texas. The company now has 1800 stores across the United States and has extended its operations into Canada since 2013. There were 133 locations across Canada as of 2015 but the company has shut down operations there due to financial difficulties. Wesfarmers began operating an Australian version ...

About the paper

Embezzlement, funds misappropriation, cheating! - Whatever the method or whatever the name you give it, corporate frauds are rampant and an ugly truth associated with the market around the world. As soon as the news of any such scandal is exposed, newspapers and social media turn aggressive on deciding what went wrong and who did it? Irrespective of the eventual outcome of such scandals, it is the shareholders that suffer the billion dollar losses and a lost faith in the Wall Street. Unfolding such events takes us to the traces of Enron and Wordlcom. However, there were also healthcare ...

Literature Review

Forensic accounting is currently being applied to tackle issues of fraud in the entire world. Various empirical studies have been performed on the use of forensic accounting methods in fraud investigation. For instance, Dube, Njanke and Mashayanye (2009) in their study regarding the effectiveness of forensic auditing in preventing, detecting and investigating bank frauds, wanted to establish the extent to which the forensic auditors can fulfill their mandate using the forensic accounting techniques. Their study used personal interviews, questionnaires and document review as the data collection instruments. Applying a sample of twenty forensic auditors from ten commercial banks, three ...

Introduction

Certified Public Accountants (CPA) are individuals that engage in the field of public accounting and work with the CPA firms. The CPA’s are mostly found working as a senior accountant in the departments of manufacturing, financial services, government agencies, healthcare, and education. The CPA firms provide consulting, auditing and tax services to individuals, corporations, partnerships, and non-profit organizations. The CPA firms are also engaged in preparing auditing reports for the companies. It is the responsibility of CPA firms to ensure that the financial statements of the companies are accurate. In addition, the CPA firm assists the companies in ...

Write a policy and procedure for determining eligibility for charity care.

Departments: Billing and Insurance Purpose of policy: This policy will determine who meets the requirements for charity care. Procedure: Patient makes an appointment. Evaluate the patient’s information to prove he/she cannot be able to afford the medication. Ensure that the medication does not exceed $150. Have the patient sign an agreement that any payments over the limit of the charity will be paid in full by the patient. Have the patient understand and commit him/herself in writing that the cost of transport or any other cost related to the treatment that need to be acquired from outside the ...

Summary

According to the article by SmartCEO (2014), occupational fraud remains a big issue in today’s business. Occupational fraud generally refers to intentional employee misdemeanor which results in loss of money by a business. In most cases, such frauds go unnoticed and are usually discovered either accidentally or through the actions of a whistleblower. The article suggests that smaller entities are at a higher risk compared to larger ones. Occupational fraud also occurs across all industries and geographic areas. It means that this issue not only affects businesses in a particular industry but all industries in general. Business owners ...

Introduction:

This paper seek to address the concept of outsourcing information and technological products and services, as a structural business change that will enhance the delivery of quality and tailored insurance products and services to our clientele. This report substantiates the economic benefits of outsourcing information and technological products from India, against the risks involved and the best recommendations that will effectively guide the process.

IT needs in the insurance industry:

Across the insurance industry, there are a number of important IT needs, which include systems maintenance and repair, system development, training, research and development, data engineering and consultancy services, data mining, network management and others ( ...

Describe the steps you would go through in analyzing whether a memory chip currently being produced in Santa Monica, California for a computer manufacturer in the Silicone Valley should be outsourced to a location somewhere in Asia. The following steps are performed for deciding whether the memory chip can be sourced from a manufacturer located somewhere in Asia: Step 1: The process is defined. The first step that one has to take for a location decision making for network design is to define the process steps. A supply chain transformation team who will be responsible for all the steps ...

AMAZON INTERNATIONAL

Washington DC 85965Az, Amazon Company Office of the Auditor General February 3rd, 2016 MEMORANDUM TO: CHIEF FINANCIAL OFFICER (CFO) The main intention of this memorandum is to disseminate crucial information, promote clarification of work sampling, and risk issues as mentioned above. It is the rightful duty of the management to maintain books of accounts and financial statements to the maximum efficiency possible. There have been rare alarms regarding the integrity of the organization in the recent audit report of the Company, which was based on observations from a few months back. The examination of the financial statements was for ...

1. Introduction Undeniably, the heart of the corporate business world is accounting; however, auditing plays an indispensable role in accounting. It serves as the watchdog for all the stakeholders against any malpractices. In a nutshell, auditing serves to protect the interest of the stakeholders. However, the practice is not without some regulations and standards for quality and performance measurement and control. Auditing standards generally form the basis against which audits’ quality are not only performed but also judged. Almost all institution have adopted some forms of auditing standards and principles. A notable feature, however, is that such standards vary ...

In 2002, the adoption of the Sarbanes Oxley act transformed the performance of the business units at the market and influence the business ethics of the companies. The author of the article “The Unexpected Benefits of Sarbanes-Oxley” stipulates that initial aim of the adoption of the legal acts was to overcome the fraud in order to improve the credibility of the companies (Wagner, 2006). First of all, all the companies within the territory of the country has faced the necessity to report about its activity to the Public Company Accounting Oversight Board, while the majority of the business units ...

Introduction:

Corporate governance is a practice that defines all the mechanisms, procedures, processes and relations by which firms are controlled and directed. Governance structures and principles highlight the allocation of responsibilities and rights among the different parties in the firm such as: boards of directors, managers, shareholders, auditors, creditors, regulators, and other stakeholders. The governance mechanisms encompass the monitoring of actions, policies, and corporate decisions, their subsidiaries, and the stakeholders. The Citigroup mortgage crisis sets an example in substantiating the outcomes of poor corporate governance, where the top management fails in implementing oversight procedures that would have averted corruption and ...

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Research Findings. The phenomenal rise and downfall of WorldCom will go down in history as one of the most turbulent times witnessed in corporate America. The issues related to WorldCom, brought to light many ethical dilemmas, which professionals in the Accounting and Internal Audit functions face, in their working life. The internal auditing function is an activity which helps an organization, by improving its operations and achieves that by implementing systematic processes and a disciplined approach to risk management, control and governance. ...

Financial discrepancies are part of the issues affecting companies today. It is worth noting that forensic investigation in a computerized work environment solves fraudulent activities. This process demands high-level expertise in forensic investigation. A forensic investigator uses various steps in investigating an employee computer. The forensic expert has to follow various steps during the investigation process. These include planning stage, gathering information stage, review process, and reporting. Investigation on employee computer is streamlined towards finding out the fraudulent activities, where and when it took place, identify those involved and quantify the monetary value of the fraud. Getting authorization to ...

(the author’s name) (the institutional affiliation) The article establishes the study aimed at investigating the relationship among evidence-based practice (EBP) and outcomes in case of client pain, dyspnea, falls and pressure ulcer found in the home care setting. In this regard EBP is set as “nursing interventions based on best practice guidelines” (Doran et al., 2014, p. 274). The research question is support by quantitative study in which data collection measures and procedures are supplied with structural and process variables as independent, which cause changes in outcome variables as dependent. The study purpose clearly addresses the health-related problem ...

Chapter Summaries

Chapter Summaries For any business professional to succeed and become a competent and successful professional, he must possess good communication skills. Communication skills such as written communication, oral communication, and interpersonal communication are necessary to survive in today’s competitive era. The same fact also stands true for accounting professionals. According to the American Institute of Certified Public Accountants (AICPA), communication skills are and will remain in future as important a skill as any other professional skill. AICPA lists “effective business writing” as a necessary skill for competence in public accounting. Unfortunately, some of the entry level accountants do ...

In the present paper we are to dwell on Facebook accounting policy. Firstly, it is logical, however, to say a few words about Facebook itself. So what is Facebook? It is a social network whose history dates back to the year 2004. Initially being intended just for Harvard students, it caught on immediately with the larger public, becoming one of the most widely used social networks online. Its popularity can be proven by the quotes like: “In modern politics, even the leader of the free world needs help from the sultan of Facebookistan” and “Now friendships depend on and ...

Introduction

The Modern Green Movement is distinguished by its actions for combating the cataclysmic consequence of climate changes, by conducting global environmental events, conservation of natural resources, preservation of the environment, and overcoming the green gas issues. The consciousness of the people has become more intense now, yet, most of the environmental issues remain unresolved. And the chemically contaminated water and foods, genetically altered seeds, and other problems are putting the daily lives in dangerous conditions. To make matters worse, most of the natural resources dwindle, while the climate change plays havoc. The Modern Green Movement is convincing people, to ...

Introduction

Development has always been a key issue among developing countries in Africa. All countries in Africa are termed as developing countries, meaning that they are still grappling in poverty issues such as food insecurity. These countries are well endowed with vast natural resources which if used wisely would ensure that many of the problems that such countries face would be solved. The problem that makes these countries lag behind when it comes to development is the lack of proper institutions to propagate the needed changes that need to be made (Kumo, 2009). Many institutions that are currently present are ...

Impact of the Sarbanes-Act on the Threats to Auditors’ Independence

The last decade of the 20th Century and the early 2000’s witnessed an increased rate of corporate scandals and audit failures in major companies not only in the United States in the entire world. However, it is U.S that mostly felt the pinch with companies such as Enron, WorldCom, Global Crossing, Xerox, and Adelphia almost collapsing. The scandals saw the enactment of the Sarbanes-Oxley Act in 2002 which served as the ‘messiah’ in the accounting sector by introducing major revolutions. Analysts had for a long time criticized the accounting profession because of its apparent inability to control/self-regulate itself. ...

Abstract:

The Wounded Warrior Gym is an affiliate of the CrossFit Inc., a consortium of over 13, 000 affiliated gyms which nearly half of them are located across the United States (Kelly, 2014). Greg Glassman and Lauren Jenai established the consortium in 2000. The first original gym was CrossFit in North Seattle, Washington. The company is decentralized but it runs a large number of privately affiliated gyms, law enforcement units, fire safety departments, and military organizations. Corresponding to the intrinsic mantra of the CrossFit, Wounded Warrior espouses a philosophy of physical exercise and provides a diverse series of physic fitness ...

2016-01-28

Social Auditing 3 Environmental Auditing 3 II. The necessity of social and environmental auditing for all businesses 4

Conclusion 5

Key Features of Social and Environmental Auditing Social Auditing As we know, it needs to determine the form of cooperation between all partners of this relationship: the employee, the employer, the state for effective functioning and development of social and labor relations. In this case, the social auditing is considered as a tool to implement the main principles of social partnership. Integrated social audit aims to solve such tasks as determination the characteristics of social relations in the enterprise, identification the ...

Introduction

The misappropriation of assets involves the misuse or theft of the organization’s cash or non-cash assets by the fraudulent organizational leaders or employees. On the other hand, financial statement fraud involves deliberately misstating or omitting information in the financial reports of the organization. These economic crimes have numerous undesirable impacts on the businesses. For instance, the companies, which fall victim to asset misappropriation suffer huge losses. Financial statement fraud and asset misappropriation also undermine the integrity, credibility, transparency, and quality of the process of financial reporting (Vlad, Tulvinschi, and Chiriţă 268). As an outside consultant to Hollate Manufacturing, ...

Executive Summary

An interview with Debbie Curtis, Officer Manager for Central Pump Company in Center, Colorado revealed several flaws into the HR issues of the company which has about 20 employees. Though she handles almost all the issues such as training and development, succession of employees, the retention of quality employees, managing employee performance, resolving conflictions, correcting performances and disciplining performances, there are no formalities and policy documents to support the same. The strategic contribution of the current HR deliverables is basic and it cannot support the attainment of sustainable growth and development. At a personal level Debbie is contributing towards ...

Introduction

The law mandates accurate reporting of financial statements as a way for companies to provide correct information to its stakeholders. The accountants and auditing firm need to be knowledgeable and cautious in presenting financial reports. However, it is sometimes inevitable to encounter issues that may affect the financial report in the process of its preparation. The Emerging Issues Task Force (EITF) is an entity established in 1984 tasked to assist the Financial Accounting Standard Board (FASB) in identifying, deliberating, and settling accounting issues to help FASB become more efficient in addressing issues on implementation and others through the guidance ...

Internal Controls

The recent journal article under consideration is titled, “Internal Control and Audit Program Effectiveness: Empirical Evidence from Jordan”, by Fawzi Al Sawalqa and Atala Qtish. The authors investigate the association between some elements such as control environment, risk assessment, and control activities of the modern internal control system used in organizations and the effectiveness and accuracy of audit procedures in Jordan. The authors use 43 usable questionnaires to get responses from professional auditors across Jordan. The study results indicate that the risk determination through internationally acceptable procedures does not necessarily mean an effective audit program (Al Sawalqa & Qtish 128). ...

Introduction

In the recent years, forensic accounting has acquired a great deal of attention from scholars belonging to several countries. Forensic accounting is a specialty in the field of accounting, which involves professional accounting skills for resolving potential civil or criminal litigation, such as lost profit and loss accounts, income statements, assessment of internal controls, assets, fraud and other finance-related transactions (Ozkul & Pamukcu, 2012, p. 23). The word ‘forensic’ refers to any information meant for use in the courts as evidence. Forensic accounting has become a limelight due to an increase in white-collar crimes as law enforcement institutions have failed ...

Assignment 1: Financial Statement Restatement and Ethics

Assignment 1: Financial Statement Restatement and Ethics The change in the financial statements after the issuance of the financial statements is an adverse signal for the investors and other key stakeholders of the business. According to Wahlen, Baginski & Bradshaw (2011), the main reason of the restatement of the financial statements of the business is to provide true and fair view of the financial statements by following the ethics and the reporting standards. It is the duty of the directors of the business to prepare the financial statements accurately and on a timely basis for the user of the business. ...

The Annual Police Department Performance Audit Study as an Approach in

A significant part of Police department’s every day operation is the communication plan. As an operative document, it puts in a frame media, involving external and internal communications, elucidates the priorities of the organization, the audiences that are targeted, the assignments of the personnel and the resources that are needed to reach the goals that are grounded in the plan. In a research, completed in 2008, the authors concluded that “enterprises [often] fail at execution because they go straight to structural reorganizations and neglect the most powerful drivers of effectiveness – decision rights and information flow.” (Martin, K., Neilson, ...

CONTENTS I. Introduction 3 II. The Real Reasons of GSK Corruption Controversy 5 (a) Corruption is intrinsic to the elite Chinese business circles 5 (b) The mechanisms of Internal Audit were Not Adequate 7 III. The Response of GSK to the Allegations of Corruption 8 IV. The Nature of GSK Alleged Guilt 8 V. Avoiding the Mistakes of GSK China 9 VI. Lessons Learned 10

References 12

Introduction Doing business in China has never been an easy task. The country has extremely entangled legal framework, intense competition between the domestic and international goods producers, not to mention that this communist country ...

The company that was chosen to be discussed in terms of its Corporate Safety Policies (CSP) is Chevron Corporation (i.e. Chevron). Chevron is an American multinational corporation that has states in the energy industry particularly in geothermal, oil, natural gas, and hydrocarbon exploration and product and product derivative sales , among other processes and aspects that it facilitates. Knowing the kind of business that the company is engaged in and the inherent health and safety risks associated with them, it would only be fair to assume that the company has a sophisticated and well-thought of CSP. After reading the company’ ...

It is a commonplace to perceive the term ‘auditing’ only in a business where it refers to the process of investigating and analyzing any of the aspects in the given area. The term itself is used more extensively than just to mean the ‘investigation and attestation of accounts’. Evenly, varied references to attestation are purposeless without an obvious goal of ‘to what’ as well as ‘to why?’ (Gray, 2000). In regard to social and environmental auditing above-indicated commonplaces are considered to be principal. However, ‘social auditing’ as well as ‘environmental auditing’ are applied in different ways to indicate diverse ...

Netflix is an American international company operating in the media and telecommunications industry. Its flagship service is its on-demand and internet steaming-based video content service. With more and more people being able to connect to the internet, Netflix’s business model makes a lot of sense. In this paper, the author evaluates the risk of material misstatement for Netflix. This technically refers to audit risk or the risk that there are some fallacies, discrepancies, or inconsistencies in the data and information being shown in the company’s financial statements such as income statements, balance sheets, and statement of cash ...

Before we get into the analysis of financial statements of Amazon, it is important to note the audit procedures that were used in the whole process. The two audit testing procedures used were a substantive test and the test of details. In the substantive test, the auditor will have adequate access to information so that final decision is taken fairly. There can be cross validations. The second is the test of details where the validity of the accuracy and completeness of transactions is tested.

The potential risk factors and compliance issues with Generally Accepted Accounting Principles (GAAP)

There is a continuous rise in the cash flows of the Company because of expansion ...

Informative Presentation

Foxconn is a Taiwanese electronics contract manufacturing organization, known to be the largest contract manufacturer of electronics in the world. For several years, Foxconn was accused of labor rights violation from several employees and social groups. They are known to keep employees in dormitories that are overcrowded and protected by military style security forces. Labor is expected to work for long hours without any compensation for the overtime, which Foxconn claims are a voluntary exercise. Management controls all aspects of their workers’ personal lives and many times interfere with their private life. Foxconn is the largest private employer in ...

IMPLEMENTING A BEHAVIOR-BASED FOOD SAFETY PROGRAM IN A FOODSERVICE ORGANIZATION: RESEARCH METHODOLOGY

The goals of the organization are varied, and information was collected from internal sources within Roundy’s, Inc., to better understand the needs and the structures governing the overall state of affairs. The organization is a large food service organization but it has been suffering from some financial problems in recent years, and these financial problems have been associated with expansion. However, the leadership of the company is aware of the need for food safety protocol; the need for food safety protocol transcends the need to make a profit, as lax food safety protocol can be the downfall of ...

Wal-Mart is a US based multinational retail company headquartered in Arkansas, US and listed in New York Stock Exchange. The company operates a chain of discount stores and super markets. The operations of the company are divided into three reportable segments namely: Wal-Mart US, Wal-Mart International and Sam’s Club. Ernst & Young LLP conducted the audit of Wal-Mart stores Inc. and the auditors issued the audit report to the shareholders and board of directors of the company. The audit report of Wal-Mart for the year ended January 31st, 2015 carried an unqualified opinion. The report stated that the financial ...

6C1-KCN Audit Plan

Business and Industry Conditions Keystone Computer Network (KCN) provides sales and services of microcomputers, software and hardware networking to customers. The industry in which the firm operates is considered as sensitive to the economic environment and highly competitive in nature, with competitors larger than KCN itself. The long-term strategic success of KCN is dependent on the retention and ability to attract qualified and competent information technology (IT) professionals. The annual growth for IT products in the next three years regarding expenditures is anticipated to be 6 percent.

Planning Meetings

The purpose of this section is to indicate the established meetings with ...

Life Skills Audit

I am conducting a SWOT analysis to examine my individual development and my own personal experience relating to my Diploma in Education and training course. I will use some suggested areas of learning related to my own teaching experience to help me complete the task. A SWOT analysis is a reflection of my own strengths, e.g. what I am good at, as well as the weaknesses and the areas that I need to improve, opportunities and threats that manifest itself in external and internal factors surrounding me.

SWOT Analysis

Personal Development Plan Personal Development Plan My completion of the HND Health ...

A1) Marks & Spencer plc. (M&S) is an international retailer with main business lines in food, clothing, and home products and general merchandise stores in more than 59 countries. It was started in 1884 and is headquartered at London, UK (Annual Report, p.1). The company has own stores, fully owned subsidiaries and JVs, combining together to form more than 1300 stores worldwide in food, clothing and general merchandise areas. Bulk of the business comes from UK market, and more than 400 stores are operational in other countries. The company has more than 80,000 employees (Annual Report, p.22). The company ...

A Faculty Budget

A Faculty Budget The main demand of the accounting profession for the accountants is to produce the information as per the ethical, legal and the guidance of the regulatory framework. The accounting information for the internal use of the organization plays an important role in the profitability and the direction of the business. Therefore, it is the responsibility of the accountants to produce relevant and best estimated budgets or estimates for the management of the business. In the current scenario, the ethical issues arise in the making of a budget are as follows. Jackson Daniel is a junior accountant ...

Answer 1)

Marks and Spencer PLC, popularly known as M&S, is a UK-based multi-channel retailer. While the company is largely known for its clothing business as part of which it caters Womenswear, Menswear and Kidswear market, it also offers home necessities and luxury food products such as, cooking and dining products, flowers, and wine, et cetera. Rated as one of the leading retailers in the UK, the company offers its products through 852 stores in the United Kingdom and 480 stores in Europe, Asia and the Middle East.

Answer 2)

Outcome of Auditors’ Report: The independent external audit of the company has been ...

International Marketing Plan of Burts Potato Chips

Executive Summary The globalization has changed the face of the international business, and the companies are now expanding their operations to more than one country so that they can tap untapped segments to increase profitability. Some of the benefits of the international expansion into emerging economies are a large base of potential customers, decreased costs and economies of scale due to large operational capacities. Burts Chips is also planning to achieve these benefits of international expansion by expanding the operations to Brazil. This document provides detailed insights into the economy of the Brazil and suggests suitable entry method along ...

I. Abstract This assignment examines and reviews the elements of business ethics and its institution in the 21st Century. This includes the examination of social responsibility, values and ethical dilemmas and leadership for sustainability. This culminates in the critical analysis of definitions and pointers within the textbook and from the writers own point of view of these matters and issues. After this, there is a review of a real case involving Alcoa and how it has created its ethical framework and dynamics. This is examined in great length alongside the core websites relating to corporate ethics. The imports and ...

Capital Structure and Dividends

Amazon Company The major scope of the audit process generally involves the review of non-financial as well as financial, organizational information for any significant differences between what is presented and what actually is. The following stages are involved in audit process:

Procedures of Audit and Analysis

Planning: The precise outline of the approach that is going to be undertaken for the audit process is called planning for the audit. This audit plan includes the audit objectives, wider scope, audit approach and the involved audit team (Power, 1997). There are also a number of analytical procedures, which makes up the planning process:

Comparisons of account:

This activity involves ...

OUTLINE Introduction..3 Thesis...3

Discussions3

Conclusion..11

Reference list .13

Introduction Cooperative society is an association of legal and natural persons formed with the aim of providing services to its members and community. The provision of services is meant to improve the effectiveness of commercial activities of members who formed it. Members who formed it own cooperative societies. Just like any other form of business units, cooperative societies are subjected to taxation, deductions and certain exempts. Most cooperatives are formed under existing laws governing cooperative societies and state laws at the time of formation. The main aim of a cooperative society is to increase the ...

[Writer Nаme] [Supervisor Nаme] [Dаte]

The multinational organizations like Apple have the utmost responsibility to follow labor laws and standards when they operate in countries outside their home country. The multinational organizations must operate in a manner that it can develop a balance in their economic interests, environmental and labor laws. Most of these companies, operate in low-cost labor countries as they want to maintain their production costs, which results in the exploitation of labor such as hazardous working conditions and employing child labor (Goldberg, p.1).

What possible ethical dilemmas are on the horizon? What makes you think that?

Outsourcing business operations to developing countries is a highly profitable ...

Individual Assessment: Introduction

(1) Personal Enterprise Audit - (15%) (2) Personal Enterprise Planning - (15%)

Personal Enterprise Monitor 3-7 - (25%)

(3) Personal Enterprise Monitor (3) Personal Enterprise Monitor Results Discussion (4) Personal Enterprise Monitor (4) Personal Enterprise Monitor Results Discussion (5) Personal Enterprise Monitor (5) Personal Enterprise Monitor Results Discussion (6) Personal Enterprise Monitor (6) Personal Enterprise Monitor Results Discussion (7) Personal Enterprise Monitor (7) Personal Enterprise Monitor Results Discussion (8) Personal Contribution to Term Two Project - (25%) (8) Personal Contribution to Term Two Project - (25%) (9) Personal Enterprise Concluding Audit - (10%) (9) Personal Enterprise Audit (9) Personal Enterprise Audit (10) Personal Enterprise Future ...

Executive summary

This report clearly presents the findings of an evaluation of prevention and sensitization of people activities at the Public Health Agency. The society is affected by the diseases that arise abruptly. The diseases may rise because of different causes such as sanitation, floods, and other major causes of diseases. People suffer and in most instances many lose their lives. The aims for the activity were focused on making the community a better place to live.

Aims

The purpose of this activity was to eradicate the abrupt diseases that were affecting the community as a result of poor sanitation. The activity ...

Psychology

Purpose The PCL-R is utilized for diagnosing psychopathy as a part of people for clinical, lawful or exploration purposes. Grown in the mid-1990s, the test was initially intended to recognize the level of an individual's psychopathic inclinations. Since sociopaths, then again, are frequently rehash guilty parties who carry out rapes or other brutal law violations over and over, the PCL-R is currently discovering use in the court and organizations as a pointer of the potential danger postured by subjects or detainees. The aftereffects of the examination have been utilized as a part of measurable settings as a variable in ...

Ashford University

In the analysis of personal organizational ethics, it is important to consider the identification of the key problems that relates to the business ethics of the organization. With these two organizations, the Visayan Forum Foundation, Inc and Jollibee Foods Corporation, both have its key problems. The key problems are the core targets to evaluate the stands of the organizations, how they responded to the problems legally, socially, and politically. Consequently, from the individual responses of the organizations on legal, social, and political perspectives, ethnographic researchers can provide reflections and criticisms of their actions based on the ...

Abstract

This paper presents the ideal purpose of adopting a unitary global set of accounting standards to be applied across the globe. It presents the major characteristics of both the dominant accounting standards used worldwide, the IFRS and the US GAAP. It examines whether the IFRS or US GAAP works best for the present and the future needs of a global finance system. The various differences of these two accounting standards were shown. The major applications of the IFRS as the leading accounting standards and principles were also highlighted in the paper. It also provided various guidelines in this seemingly ...

Article Analysis

The approach, a change in the audit company after some years, by Public Company Accounting Oversight Board (PCAOB) is not acceptable by many critics. According to PCAOB this would enhance audit feature as discussed at a conference of the firms dealing in auditing accounts. The regulation followed strictly could help make audit quality better.

Auditors need to interrogate the management of the firm on various accounts head to get a clear picture of the company’s financial issues. According to Roderick Hill, a chairperson of Center of Strategic—the most honored management could come up with a number of disorders. In my opinion ...

Accounting Standard followed by the company:

i) General Mills Inc:

General Mills Inc, for the purpose of its financial reporting, follows Generally Accepted Accounting Principle(GAAP).

ii) Meiji Holdings: The company, for the purpose of the financial reporting and also for its subsidiaries, follows Generally Accepted Accounting Principle(GAAP). The company declares that the accounting standards are different from International Financial Reporting Standard(IFRS).

Accounting Standard followed by the auditors:

i)General Mills Inc: The financial statements of the company are audited by KPMG LLP, which are the external auditors of the company. The external auditors have used standards of Public Company Accounting Oversight Board(United States). The standards obligates the auditors to ensure that all the financial statements of the company are free from any material ...

Assume you are consulting for a media conglomerate that is perplexed by the parting fates of Blockbuster and Netflix. As a consultant, you want to highlight the varying fates of the two companies via a strategic audit. Focusing on (i) customer (ii) product and (ii) market audits, compare and differentiate Netflix and Blockbuster’s differing fortunes to date with 1 difference between the companies for each audit and a KPI (measure) to understand customer engagement, product success and market performance. Explain the reasoning behind each KPI. First of all it is important to comprehend what is meant by the term strategic audit. For any ...

This paper will outline my financial plan. It will also put the plan into a budget that I will revise every year according to my financial consumption. I am currently a graduate of Bachelor of Economics. I relied on the student’s loan and grants from both the university and charity organizations while in school to pay my school fees and meet my daily expenses. My inclination to student loans and bursaries was largely contributed by the fact that my family lived in reduced circumstances. I made it my obligation that I will pursue my education regardless of the obstacles ...

What is auditor independence and what is its significance to the audit profession

Auditor independence is the independence of both internal and external auditors. It involves the auditors and the company being audited. It involves carrying out audits devoid of any influence from parties with financial interests in the company. It involves separation of personal and professional feelings, mostly stipulated in the auditors’ code of conduct. It is important in that auditor’s opinions are based on the actual findings from the audit. Auditors are esteemed to be independent and unbiased when dealing with financial statements (Kinney 73). This is significant as they are impartial during the audit process, therefore giving opinions ...

Psychological egoism: human conduct is selfishly motivated and people cannot perform actions from any other motive . It implies that psychological egoism is the practical belief that the determining motive of every action done voluntarily is a desire for a person’s own benefit. Egoist points out that a person often tries to hide the determining motives for his actions because his concealment is self-interest. In business, some executives believed that bribes are important costs of doing business in the other country, and this act is the hardest ethical dilemma an executive would ...