Online Submission Assignment Cover Page Name: Inna Derypaska ID#: 2694941 Course #: MU1 Course Name: Internal Auditing & Controls Assignment #: 1 # of Pages (including this one): 11 Question 2 (27 marks) THE INTERNAL AUDIT DEPARTMENT Purpose To conduct independent‚ objective assurance and consulting activities created to add value and improve the operation of Newlands Networks Corporation via systematic‚ disciplined approach to assess and improve the capability
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The External Environment affects the internal operations of all businesses. What’s happening in the world of politics‚ economics‚ socially and technologically impacts how a business has to act in order to survive. External elements that affect the inner working of a business are known as PEST factors. ‘PEST’ is an acronym for Political‚ Economic‚ Social and Technological. Politics may affect the ability of a business to achieve its aims and objectives and changes in laws may mean a company has
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one without a reward? An explanation could be the motivational drive or the lack of a motivational drive that a person has. By understanding where motivation comes from and how people use motivation‚ a person can better understand how and why people push forward to complete a task‚ and what people can do as ‘teachers’ to increase a persons motivation. People wake up every day of their lives and go about doing their daily routine. They see the same people time after time again but do not really think
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Sources of Motivation To be motivated‚ according to Arthur Schopenhaur‚ is to be moved into action. This definition of motivation implies that there must be someone‚ something‚ or some internal drive that propels one into action (Deckers‚ 2005). Therefore‚ any action committed by an organism is induced by either internal motives or environmental incentives. Driven by motives‚ a person will work to achieve positive incentives and to try to avoid negative ones. An incentive is the reward or aversive
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Motivation is the act or process of motivating; a stimulus‚ influence‚ incentive‚ or drive. Motivation occurs rather its internal or external. Motivation is a way to encourage us to achieve our goals. A reward or incentive to push someone to complete their goal. A drive within yourself (personal or business) to complete your goal. For example‚ I know if I get my degree I will earn more money and have better hours at work. Internal and external factors play a big role in motivation and will get
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Last accessed 2nd December 2012. Evan Davis . (2007). Value Engineering. Available: http://www.bbc.co.uk/blogs/thereporters/evandavis/2007/05/value_engineering.html. Last accessed 3rd December 2012. Donkin‚ R‚ (2001) "Western Electric Discovers Motivation" from Donkin‚ R‚ Blood Sweat and Tears:The Evolution of Work pp.161-177‚ London: TEXERE Publishing Ltd Ritzer‚ G‚ (2008) "Efficiency: Drive-Throughs and Finger Foods" from Ritzer‚ G‚ The McDonaldization of Society pp.57-78‚ London: Sage Publications
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What is internal control and why is it important The American Institute of Accountants first defined the term internal control in 1949‚ followed by further clarifications in 1958 and 1972. In 1977 publicly held companies came under legislation to adequately implement controls to protect their financial information. A report by the Committee of Sponsoring Organizations in 1992 and the Sarbanes-Oxley Act of 2002 are more recent documents defining internal controls.( Bishop‚ 1991‚p.117-123; Colbert
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Describe sources of internal and external finance for a selected business For a business to run successfully on a daily basis it needs finances. Success comes when a business expands‚ reinvests and uses human recourses to run. Bentalls need money to run their business effectively and successfully. It needs finance for its daily running of the business for example‚ paying staff wages‚ paying bills for electricity and rent‚ paying taxes on time and ordering stock regularly. For a long term goal‚ Bentalls
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Problem: not working properly acquisition. "is it a problem of Gillette or Duracell?" no real growth no clear strategic direction " the company had gone nowhere for 4 years" External analysis Battery industry/alkaline battery industry Technological segment: new development General environment Global segment: potential market for emerging market‚ sony and panasonic go into US Entry barrier‚ paten is very important‚ we just have 3 players in American market suppliers: who are they
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Chapter 4 The External Environment The Environmental Domain Organization Environment is composed of all elements that exist outside the boundary of the organization that have the potential to affect all or part of the organization. Its domain is the chosen field of action. The environment comprises several sectors or subdivisions of the environment that contain similar elements (ie. industry‚ raw materials‚ human resources‚ market‚ technology‚ financial resources‚ economic conditions‚ government
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