Internal audit’s role in effective corporate governance advisory Internal audit’s role in effective corporate governance Internal audit’s role in effective corporate governance Recent events have highlighted the critical role of boards of directors in promoting effective corporate governance. In particular‚ boards are being charged with ultimate responsibility for the effectiveness of their organisations’ internal control systems. The internal audit function plays a key
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Good morning/ afternoon everyone First of all‚ thank you for inviting me to this exhibition of Poetry in Motion. I was inspired to create my work based on the poem called This Man‚ by the Solomon Islands poet‚ Celo Kulagoe. This poem is a critique of the all-encompassing power of money‚ which can dictate to presidents and prime ministers alike and can ruin those with few resources. This resonates with the current issue of Coal Seam Gas mining and its wealthy supporters‚ while the dangers to the
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card and debit card transactions. They were transacted a few seconds after the first transactions which were approved. d. 2 of the declined transactions were perfect rounded numbers $20 and $30 unlike the other transactions b. Additional analysis that I would recommend to be performed and to obtain other indicator to help plan the audit e. List the details of the 2 declined transactions that were exact round numbers f. Add employee details in the transaction list g. Expand
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Contents Internal Scan 2 Product 2 Value 4 Communication 4 People 5 Place 6 Traffic Analysis 7 Traffic Count: Fairweather 7 References 8 Internal Scan An internal scan is conducted in order to identify if the five factors of the retailing mix: product‚ value‚ communication‚ people‚ and place are present‚ and if they are working together in a way that it benefits a specific retailer. The purpose of this report is to determine if Fairweather’s retailing mix includes all five factors and if their
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Internal scanning involves looking inside the farm business and identifying strengths and weaknesses and assessing the businesses’ resources and management’s skills. It is part of the strategic planning process. An overview of Strategic Planning for a Farm Business and how internal scanning fits into the planning process is available. Internal business scanning is comprised of the following three categories: 1. Farm Business - What are the unique strengths and limitations of your business? 2.
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INTERNAL ACTORS (AND EMPLOYEE REPRESENTATIVES) Directors The most prominent group of actors in corporate governance are the company’s directors. They can be either executive or non-executives directors (NEDs); the numbers and split of executives to NEDs will partly depend upon the regulatory regime of the country. It is generally the case that investors and regulators prefer there to be more NEDs‚ as their independent scrutiny of the company‚ its controls
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Internal Analysis: Core Competencies‚ Strengths and Weakness The (RCC) / VC model is used to determine how Best Buy bundled its resources to create capabilities and how these capabilities become the company’s core competencies which will be their source of competitive advantage. TANGIBLE RESOURCES Financial Resources - Revenue growth slowed to a miniscule 1.6% over the course of fiscal year 2011. - Domestic revenue reaches $37.1 billion while International revenue reaches $13.1 billion in
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Motion in a Viscous Medium Aim The aim of this experiment is to measure the terminal velocity of spherical beads falling under gravity in a liquid determine‚ and hence determine its viscosity using Stoke’s law. Introduction When a stationary solid object is complete or partially immersed in a fluid‚ it experiences an upthrust or buoyant force. According to Archimedes’ principle‚ this buoyant force B is given by where ρ is the density of the fluid‚ Vs is the immersed volume of the
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INTERNAL ANALYSIS (FINANCIAL ANALYSIS) Financial position of Proton Ratio’s 2005 2006 2007 2008 2009 Profit margin 5.215 % 0.599 % -12.58 % 3.284 % -4.653 % Return on assets 5.00 % 0.562 % -8.486 % 2.531 % -4.25 % Return on equity 0.0753 % 0.00796 % -0.113 % 0.0341% -0.059% Receivable turnover 6.046 times 6.268 times 3.932 times 5.115 times 6.00 times Avg collection period 60 days 57 days 92 days 70 days 60 days Inventory turnover 8.8 times 5.6 times 3.7 times 5.1 times 4.7 times Fixed asset
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INTERNAL ANALYSES Mission and vision Mission Instagram We are not building a product but we are trying to solve problem for people‚ which end up becoming a business and product. Features or minor tweaks would have been brought up from problems an entrepreneur wants to solve. What problems are we trying to solve? 1. You want to find information of something you capture with your phone not the keyword for search (sometimes you don’t even know what to the keywords are) 2. You want to
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