Essays on Big Four

Introduction

Over the last few decades, there have been several changes in the roles of audit companies notably due to challenges that have affected the ethics and integrity of the institution of auditing. Traditionally, audit companies are mandated with the responsibility of analysing the financial systems, financial records as well as the compliance of companies’ financial reporting procedures with the specific national regulations. The effectiveness of audit companies in implementing these duties is extremely important in the public trust in business organizations around the world. Local and international investors rely on the accuracy of audit reports produced by audit companies ...

The prison has become a much more dangerous place since the coming in power of California’s big four gangs. Prisoners are being forced into doing their bidding while they involve these unwilling participants in drug trafficking, contraband smuggling, and assaults. The same is what professor Vasquez says in lecture 2 for week 1, that if they order a crime; the inmates have to get it done. In case they refuse, they have to face ‘consequences’. The urgency to take action on these prison gang members is because they have the power to be extremely notorious and they never ...

KPMG was investigated from 2001 onwards by the IRS because the company failed to properly regulate and monitor the use of tax havens. Complex accounting and auditing schemes challenged the company’s corporate governance and ethics. The professional code of conduct of all the staff and partners were often overlooked for business that was capitalist and maximised profit at the expense of the reputation and integrity of KPMG. The new chairman of the company faced a difficult ethical dilemma and created alternatives that would result in the best action to save the company and to minimise the consequences for ...

Does the Dominance of the Big Four Supermarkets Hinder and Damage Competition and What is in the Best Interest of the Consumer?

Introduction

Competition is the best way of ensuring the interest of market stakeholders (Stucke, 2013). Competition in the UK grocery sector has become an issue with the big four supermarkets controlling around 71.7 percent of the market. As of the end of 2015, the individual market shares of the big four supermarkets are 27.9 percent for Tesco, 16.6 percent for J Sainsbury’s, 16.4 percent for Asda, and 10.8 percent for Morrisons (Kantar World Panel, 2016). The UK ...

Explain why race/ethnicity is so important in gang life.

Holmes, Tewksbury & Higgins (2011) postulates that the roles of race and ethnicity in gang life are rising to become more sophisticated. For example, more gangs are increasing multiracial and this affects the function of race and ethnicity based on conflicts between the gangs. Different scholars assess that race and ethnicity should affect gang membership prevention tactics. However, there is little proof to examine the linkage between these two variables. The gang motivation prevention techniques should cover factors that are based on racial and ethnic boundaries such as poverty and immigration, social isolation and discrimination, reduced educational opportunities and less ...

Abstract

This memo describes the understanding of how to make important decisions. First it addresses the description of three criteria in detail that determine whether the manager is making good decisions and what should be done to better assure that the manager making a good decision. Then there will be given one of the Big Four Company’s project manager example as a good decision-maker. In conclusion there will be discussed the accuracy of business assumptions of automobile manufacturer and airline company.

How To Make Important Decision

There are managers with different levels and functions in every organization. However not every manager is a good ...

Over the last two decades, corporate social responsibility has gained deep interest from accountants and auditors. It happens because substantial amounts of financial resources are invested in corporate social responsibility; yet there are not explicit accounting policies and standards to report on corporate social responsibility financials and activities (The Institute of Internal Auditors, 2016). Owing to this, there has been varied views and discourses on the conduct of corporate social reporting with many commentators focusing majorly on the triple bottom line reporting as a prelude to corporate social reporting. The current paper presents a detailed review of the ongoing ...

Introduction

Football is the blood sport for the European people. Since last fifty years it is a part of the national affairs for some countries in Europe. The principle ways of competition among these countries is the domestic leagues that took place on a frequent basis. As compare to other countries, only few people of other countries outside Europe use to know about football because international football was not that much famous at the beginning of the era. But with globalization and cultural mix, football started spreading at a high pace all over the world. This is due to the invention of Television ...

Introduction

The Walt Disney Company is an example of an organization which is in true sense a globalized company with consumers all over the world. The fascination that Disney draws is second to none and since 1929 it has been on a magical journey of movies, cartoons, theme parks, hotel to name a few. Walt Disney has been omnipresent, accessories; toys and clothing are also one way in being a constant presence. The culture at Disney is built on imagination, innovation and good business decisions in tune with the changing winds of times (The Walt Disney Company, 2014). Walt Disney is one of ...

Engineering is a profession which applies the knowledge of mathematics and natural sciences towards producing and manufacturing various engineering systems, structures and components. Engineers are trained in many accredited universities in the world and they meet some academic qualifications to be awarded engineering bachelor's degrees. Engineering is indeed a multifarious profession as it has various disciplines and subdivisions grouped under it. Before gaining admission to study engineering, one needs to have discipline in mind. This is significantly important giving that the various disciplines handle different aspects of the profession. Engineering disciplines are largely grouped into four divisions. These include ...

Introduction

This objective of this project is to research the quality of accounting information as well as the factors facilitating and inhibiting it. In the absence of encompassing accounting theory (Belkaoui, 2005, p. 193), the quality of accounting information may be understood in different ways, therefore this report will be guided by IFRS Conceptual Framework which states that the main qualitative characteristics of financial reporting are relevance and faithful representation (IFRS Foundation, 2011, p. A25). Relevance of the accounting information is generally construed as its usefulness for decision makers that have an interest in the reporting entity. However, things of ...

Introduction

Business operations are increasingly facing dynamic markets that determine their success and efficiency. That has resulted from the increasing globalization and other key factors such as regulations, economic conditions, and political environment as well as social factors. All those factors affect consumer behaviors, their purchasing power as well as the firms’ efficiency. In that respect, businesses such as supermarkets and retail stores increasingly face changing environment such as competition that is also shaped by those factors. Thus, businesses adapt competitive strategies that suit the environment, and this analysis seeks to demonstrate industry operations’ and their response to factor changes. ...

Introduction

KPMG LLC, US is one of the leading and largest professional firms that deal with tax, audit and advisory services. It is one of the biggest auditing firms alongside Ernst & Young, Deloitte Touche Tohmatsu and PricewaterhouseCoopers. The establishment has its presence in more than 148 countries and has approximately 113,000 employees. KPMG has a strategic marketing plan that involves a partnership with other companies. The paper will, therefore, delve deeper into KPMG’s global marketing plan, metrics, and financial goals to enhance a better understanding of how it functions as an international business.

Global marketing plan

KPMG has partnered with E2open to offer cloud-based ...

Accounting is an organized process of determining, recording, analyzing as well as interpreting and communicating all the information related to finance for the purpose of appropriate economic decision making. Without regulation of public accounting process, firms will deliver financial statements that are inclined to their own interest hurting the economy. When talking about the accounting industry and the government, it simply means the public accounting and its regulation by the government as enterprises render their financial information to the public. Accounting provides services such as book keeping and auditing which are required by different stakeholders for execution of economic ...

Business Law: ENRON SCANDAL

Introduction The scandal that is Enron stands out among other corporate scandals such as WorldComm, Global Crossing. At Enron, the situation is illustrated of how the free enterprise system in the United States of America and the unregulated trust vested on auditors can be abused by a group of selfish and individualistic capitalists determined to make good of a bad situation. The case also illustratively points out the effects of corporate pressure from the shareholders on the management and the weaknesses of the stewardship concept of management of shareholders wealth. Enron puts a clear case of the need to have strong ethical ...