Nucor in 2009 Case summary Nucor is one of the leading steel producers in the United States. The company was established as nuclear instrument and electronics manufacturer. Later it started steel production and gained new market share by expanding internationally. Despite worldwide economic crisis the company stayed profitable while its competitors went bankrupt. Strengths: • Highly motivated‚ innovative‚ productive and flexible employees. • Good financial results. • Strong relationships with
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The Authority Attaching to Philippine Standards Issued by the AASC Engagement Standards | Application | 1. Philippine Standards on Auditing (PSAs) | * Audit of historical financial statements | 2. Philippine Standards on Review Engagements (PSREs) | * Review of historical financial information | 3.Philippine Standards on Assurance Engagements (PSAEs) | * Assurance engagements dealing with subject matters other than historical financial information | 4. Philippine Standards on Related
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as part of their work in both the commercial and public sectors. They should also be of benefit to organisations considering establishing an internal audit function. Internal auditors should read these guidelines in conjunction with the Approved Auditing Standards contained in the Members’ Handbook and the Institute’s By-Laws (On Professional Ethics‚ Conduct and Practice) [Issued January 2007] and any requirements regarding internal audit set out in the relevant statutes or regulations. These guidelines
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to be unspoken is not only the darkness related to the topic itself‚ but in fact‚ what comes after it (if anything at all). For as long as humans have inhabited the earth‚ people have had their own theories about afterlife. In the poem “I Heard a Fly Buzz - When I Died‚” the ghost speaker reflects on her last minutes of life‚ curiously searching and reassuring herself of the possibility of an afterlife promised by God when suddenly a fly shifts her thoughts to pointless wandering. Despite the fact
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The Auditing Process INTRODUCTION Auditing is defined by the American Accounting Association or AAA as “a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users” (cited in Turney et al p. 108). From that definition‚ it is evident that the auditing process consists of three elements: evidence
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Principles of auditing are defined in the ISO 19011‚ the principles are designed to make an audit an effective and reliable tool for business performance improvements. The audit principles are also designed to achieve consistent conclusions from performed by independent auditors. There are six audit principles that are prerequisites that should be adhered with to achieve consistent audit results. The six principles are integrity‚ fair presentation‚ due professional care‚ confidentiality‚ independence
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good person would ever want ready access to a loaded firearm. Between these two extremes we must find grounds for a rational discussion about the problem of gun violence. Unlike most Americans‚ I stand on both sides of this debate. I understand the apprehension that many people feel toward “gun culture‚” and I share their outrage over the political influence of the National Rifle Association. How is it that we live in a society in which one of the most compelling interests is gun ownership? Where is
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the other being the insult to masculinity. To deal with these issues we have to analyse the text of the poster. In the first line “Gee!! I wish I were a Man!” implies that women (or at least this woman) want to be men. Yet‚ why would any woman want to be a man‚ or is it really saying women want to be masculine‚ i.e. rational‚ courageous‚ honourable‚ and strong? I think this raises a very good point about men that do not want to be or can not be masculine‚ this essentially devalues their choices and
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Q2: Accounting issues In 2001‚ Harris Scarfe’s suppliers and customers‚ and even a large number of the company’s staff‚ were shocked when the thriving business was suddenly faced with cash-flow problems. The company made headlines in South Australia when concerned suppliers‚ from whom Harris Scarfe had purchased large amounts of stock on credit‚ entered the flagship store in Rundle Mall‚ and began retrieving their stock directly from the shelves‚ before shocked staff and customers. The company
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Why I Am Who I Am Now Life has many things to offer us. Some things offer happiness‚ success and anything that may help us be contented and enjoy our journey. Some things‚ on the other hand can put us down. Like failure‚ hatred and many others. Criticism is one of the things in life that offers both. Criticism is something that may definitely make us or break us. I am the kind of person who doesn’t trust that easily. Yes. I do know many people especially now that I’m in college. But I have
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