INTERNAL AUDIT 1 Internal audit ‘Internal audit’ is an appraisal activity established by management for the review of accounting and internal control systems as a service to the entity. It reviews‚ monitors and make recommendations for the improvement of systems. Other activities include: Examination of financial information Review of economy‚ efficiency and effectiveness (‘value-for-money’ audits) Review of compliance with external laws and regulations Review of internal policies Review
Premium Auditing Audit Internal audit
The internal environment: * Strategic competitiveness and above – Average returns result when Internal organization (What a firm can do : function of resources‚ capabilities‚ and core competencies) matches External environment ( What a firm might do : function of opportunities in the firm’s external environment → Competitive Advantage * Competitive advantage key points: * No competitive advantage lasts forever. * Over time‚ rival use their own unique resources‚ capabilities‚ and
Premium Strategic management Firm Value network
Here I would like to emphasize a bit on Social Capital. Social capital according to me is the pool of ties that a person encompasses during his lifetime including strong and weak ties. Persons with higher social capital are bound to be better off with greater health and general well being. Social capital helps to leverage the people we communicate with for the benefit of our shared and individual interest. We can relate this with a famous punch line - “I scratch your back‚ you scratch mine.” The
Free Sociology Social network Social network service
watching a play that offends her‚ instead of speaking out‚ she tries to get Polonius to overhear her getting on to Hamlet. After this‚ she does not listen to the advice of Hamlet to stay away from Claudius. These actions Gertrude chose proves how weak she is. The reader can learn to be more bold by reading the actions Gertrude took. In
Premium Hamlet Characters in Hamlet Gertrude
xx/xx/xxxx xacc/280 week 8 Checkpoint The collapse of Enron back in 2001 shows a number of unethical practice. This company shows unethical practice in accounting as well as business. This company is a perfect example on how unethical behavior of a few people can affect millions of individuals. This also affected these individuals for many years after. Enron was the first business to have nationwide gas pipeline networks. On November 8‚ 2001 Enron made an announcement in a SEC filing that
Premium Finance Decision theory Risk
The Ethical Debate of Free Contraception and Birth Control If you watch or read the news today‚ you will find that there are many ethical and political issues that plague the United States. Many of these issues involve politicians debating over what is right or wrong for the country. One issue that particularly caught my attention was the huge debate over President Obama’s Health Care Reform Law requiring insurance plans to provide women with free contraception and birth control. The ethical issue
Premium Human rights Ethics Health care
EXECUTIVE SUMMARY The failed upgrade of Victoria Police’s Law Enforcement Assistance Program (LEAP) has so far cost taxpayers over $50 million with no return. This report has used the following criteria to analyse the failed LEAP upgrade: Starting out on the right foot; Project management and control; Lack of senior management involvement; and Information technology. The report has found that the upgrade from LEAP was doomed as soon as it had begun. Poor budgeting and decision making hampered
Premium Project management
Arthur Andersen was one of the ’Big 5 ’ accounting firms‚ the others being PricewaterhouseCoopers (PWC)‚ Deloitte Touche‚ Ernst and Young‚ and KPMG. Throughout the 1980 ’s and 1990 ’s‚ these five companies provided auditing and tax services to most of the west ’s major companies. However‚ in 2002 Arthur Andersen ’s licences to practice as Certified Public Accountants (CPA ’s) in the US were voluntarily surrendered by the company in the wake of criminal charges relating to the Enron scandal. Although
Premium Big Four auditors Enron Arthur Andersen
It relies on weak ties because it uses unofficial social connection to trade the products. It is hard to trust all the companies most of the time. But they always provide direct information about the products they are selling.Weak ties help feral trade to get connected into many people in social network‚ which strong ties cannot reach as many people. Weak ties help people to offer them opportunities to get a job. 2. The Hart-Cellar Act brought a system of family preferences to the immigration process
Premium Sociology Economics Marketing
of World War II‚ American theater was transformed by the work of playwright Arthur Miller. Profoundly influenced by the Depression and the war that immediately followed it‚ Miller tapped into a sense of dissatisfaction and unrest within the greater American psyche. His probing dramas proved to be both the conscience and redemption of the times‚ allowing people an honest view of the direction the country had taken. Arthur Miller was born in Manhattan in 1915 to Jewish immigrant parents. By 1928‚ the
Premium Tragedy Tragic hero Poetics