| Identify the key actors and forces in the company’s marketing environment that affect its ability to serve its target customers effectively.The marketing environment can be defined as everything that surrounds an organization’s environment and can affect its operation.The business environment consists of the actors and forces that affect an organization’s ability to develop and maintain business with its targeted customers. These are the Micro Environment‚ the Macro environment and the internal
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1.16 ECONOMIC ENVIRONMENT The economic environment constitutes to economic conditions‚ economic polices‚ and the economic system that is important to external factors of business. The economic conditions of the country include: • Nature of the economy of the country. • The general economic situation in the region‚ conditions in resource markets like money‚ material‚ market raw material components‚ services‚ supply markets and so on which influence the supply of inputs to the organisation‚
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Generally Accepted Auditing Principles Generally Accepted Auditing Principles There are many different types of audits including financial statements audit‚ the operational audit and the compliance audit. Either an internal auditor or an external auditor from another firm can conduct these various audits. “The American Accounting Association defines auditing as a systematic process of objectively obtaining and evaluating the accounts of financial records of a governmental‚ business‚
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ACCOUNTING 54-AUDITING 88 4th Street Campus Spring 2015 Tony Viertel CRN: 35238 Section: 581 Units: 3 Class Meeting: Wednesday 6:00 p.m. – 8:50 p.m. Class Room Location: 321 Prerequisite: Accounting II Office: Cloud Hall‚ Room 405 Office hours: Wednesday & Thursday 3:30 p.m. – 4:30 p.m. or by appointment Telephone: (415) 452-7407 E-mail: cviertel@ccsf.edu REQUIRED TEXTS & WEBSITE ACCESS Course Name: Spring 2015 Accounting 54 Course ID: viertel75704 Auditing and Assurance Services‚ 15th ed.‚ Arens
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Company’s External Environment (External) Key economic and industry variables: Industry analysis (provide data to support): a. Industry size: b. Segmentation – geographic and product: Abercrombie and Fitch Co. started their business at West Cost of United State‚ because of the West Cost Mountains‚ camping gears and sporting goods were main products. However‚ under new management‚ A&F Co. opened a store on Beverly Hills‚ California. A&F Co. to aim rich‚ fitted‚ attractive‚ provocative
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Task 2 An explanation of how children and young people’s development is influenced by external factors: Poverty & deprivation: This influences children’s development as children which live in poverty tend to live in poorer housing conditions‚ who may also not have an appropriate diet such as‚ not enough vitamins or minerals etc. This may then lead to diseases and illnesses. Overall this influences the physical‚ intellectual‚ emotional and social development. Family environment and background:
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External Assessment The cellular industry is a very competitive industry when it comes to market share. The industry has 4 major national players holding 90% of the market share. The chart below shows the US market share by carrier and how much ground the smaller carriers have to make up. The chart also shows an acquisition that was declined by the FCC‚ as it would have given AT&T 43.3% of the total wireless market share.(Dailywireless.org) The FCC heavily regulates any mergers in the cellular
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CHAPTER 1 AUDITING AND THE PUBLIC ACCOUNTING PROFESSION – INTEGRITY OF FINANCIAL REPORTING |LEARNING CHECK | 1. SEVERAL COMMON ATTRIBUTES OF ACTIVITIES DEFINED AS AUDITING ARE (A) SYSTEMATIC PROCESS‚ (B) OBJECTIVELY OBTAINING AND EVALUATING EVIDENCE‚ (C) ASSERTIONS ABOUT ECONOMIC ACTIONS AND EVENTS‚ (D) DEGREE OF CORRESPONDENCE‚ (E) ESTABLISHED CRITERIA‚ (F) COMMUNICATING THE RESULTS‚ AND (G) INTERESTED USERS. 2. A financial statement audit involves obtaining
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in results and fill those gaps accordingly to improve company performance. 2.0. Macro Environment Analysis Hubbard‚ Rice‚ Beamish (2010)‚ explains that all the factors outside the organization that effect the business are studied under external environment analysis. These factors effect the strategy formulations‚ vision and mission planning and future organizational business. Environment analysis comprises of
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Independence of external auditor By:- shubham kanchhal Auditor independence refers to the independence of the auditor from parties that may have a financial interest in business being audited. Independence requires integrity and an objective approach for the audit process. This concept requires the auditor to carry his work freely and in an objective manner. The purpose of an audit to enhance the credibility
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