Marianne Ojo. (2009)‚ Oxford Brookes University. The overall purpose of this article is to be highlighted is why the external auditor is such an important tool in corporate governance. Corporate governance is the system of rules‚ practices and processes by which a company is directed and controlled. It is basically needed to balance the interest of the stakeholders in a company. Meanwhile‚ the external auditor is needed to make sure that the company follow the GAAP‚ checking the accounting record
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Auditing procedures: Five assertions: 1. Occurrence: Define: transactions and events that have been recorded have occurred and pertain to the entity. Explain: sales and purchases shown in the income statement belong to the company and are real‚ that is they actually took place. 2. Completeness: Define: all transactions and events that should have been recorded have been recorded. Explain: all the individual transactions making up the balances in the income statement are recorded; no sales
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Audit committee member toolkit June 2009 Table of contents Audit committee charter Example audit committee charter ..............................................................................................................................1 Audit committee report Example report of the audit committee ....................................................................................................................11 Financial expertise Audit committee financial expert questionnaire
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VALUE FOR MONEY It could be defined as a concept that evaluates the use of resources at the disposal of an organization with the view to ensuring that the resources have been properly utilized. VFM frequently makes extensive use of performance indicators in the form of ratios and other statistics to sign post VFM through trends over time‚ in comparison to two operating units etc. Under this concept‚ we have three test ways to know if the firms resources have been properly utilized and it includes;
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UNDERSTAND WAYS OF USING MOTIVATIONAL THEORIES IN ORGANISATION AND UNDERSTAND MECHANISM FOR DEVELOPING EFFECTIVE TEAMWORK IN ORGANISATIONS (3.1) Introduction Organisations do not run alone to gain success in business‚ but they run with the help of employees‚ who help to make a business a success. These employees are given a remuneration on the jobs done by them. A success in an organization is seen only if the employees are happy on various factors‚ like environment‚ facilities‚ pay package
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Tesco: Values: Our core purpose is to create value for customers to earn their lifetime loyalty. No one tries harder for customers Understand customers better than anyone Be energetic‚ be innovative‚ and be first for customers Use our strengths to deliver unbeatable value to our customers Look after our people so they can look after our customers Treat people how we like to be treated All retailers‚ there’s one team…the Tesco team Give support to each other and praise more than
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Introduction Founded in 2001‚ Tesco Stores (Malaysia) Sdn Bhd owns and operates hypermarkets under the name Tesco and Tesco Extra in Malaysia however Tesco Stores (Malaysia) Sdn Bhd operates as a subsidiary to TESCO PLC with a joint venture together with Sime Darby Malaysia. Tesco Malaysia is based in Kuala Lumpur with stores in Kuala Lumpur‚ Selangor‚ Perak‚ Penang‚ Kedah‚ Negeri Sembilan‚ Melaka‚ Johor and Kelantan amounting of a total of more than 41 stores in Peninsular Malaysia. Tesco Malaysia offers fresh
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INTRODUCTION Internal auditing is a management-oriented discipline that has evolved rapidly since World War II. Once a function primarily concerned with financial and accounting matters‚ internal auditing now addresses the entire range of operating activities and performs a correspondingly wide variety of assurance and consulting services. By definition‚ according to Institute of Internal Auditors (IIA)‚ internal auditing is an independent‚ objective assurance and consulting activity designed to
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perceived value for Tesco 5 CUSTOMER PERCIVED VALUE 6 CUSTOMER PERCIVED VALUE OF TESCO 6 MARKETING MIX 8 Mission 9 VALUE 10 STRATEGY 11 PRESENT VALUE PROPOSTION 11 Tesco’s NEW VALUE PROPOSTION 13 EXTERNAL IMPLEMENTATION ACTION PLAN 14 THE INTERNAL IMPLEMENTATION OF ACTION PLAN 17 BIBLIOGRAPHY 18 INTRODUCTION First I will start the assignment with the brief introduction of the firm Tesco. Tesco is one of the
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business and financial performance of Tesco plc (a supermarket of UK) from year 2009-2011.Through this report and analysis project‚ we will know the detail of how the company is running and how well or badly the company performed in last 3 years. This will also help shareholders to realize whether and how their agents performed in their interests. The following main elements are included in Introduction section: * 1.1 Background and Context -why Tesco: Tesco is the largest food retailer in UK
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