Audit Plan- GlaxoSmithKline (GSK) Key business and audit risk: In order to make the report more efficient we must identify the key areas of business risk and auditing risk. Business risk can be defined as the risk‚ which could affect an organization’s ability to achieve its objectives (Gray and Manson‚ 2007). Audit risk is defined as the risk that the auditor gives an inappropriate audit opinion when the financial statements are materially misstated (Soltani‚ 2007). In Gray and Manson (2007)’s
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What is a Strategic Audit? A strategic audit provides managers with the tools‚ information and commitment to evaluate the degree of advantage and focus provided by their current strategies. It produces the data needed to determine whether a change in strategy is necessary and exactly what changes should be made. The two major elements of a strategic audit are the external and internal environmental assessments. A strategic audit involves assessing the actual direction of a business and comparing
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Content Nike Strategic Audit Page 2 Appendix A IFAS‚EFAS‚SFAS Page 10 Appendix B Nike Porter ’s Five Page 11 Appendix C Nike Financial Data Page 14 References Page 19 I- Current Situation A. Current Performance Robust financial position‚ $ 15 billion net Profit (See appendix B). Market share around 47%. 28‚000 employee B. Strategic posture 1. Mission To bring inspiration and innovation to every athlete in the world. 2. Objectives Provide an environment
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What is the website trying to achieve? To improve the lives of those affected and the lives of family and friends. Offering expertise on mood disorders Electronic technology is a key enabler. BID ensures services are made more widely available across Australia with website = powerful source of information on mood disorders. How do they achieve the 5s’s? - Marketing terms to use: * 5 S’s : * Sell * Serve * Speak * Save * Sizzle Is it user friendly? Yes‚ www
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Threats may be created by a broad range of relationships and circumstances. When a relationship or circumstances creates a threat‚ such a threat could compromise‚ or could be perceived to compromise‚ a professional accountant’s compliance with the fundamental principles. A circumstance or relationship may create more than one threat‚ and a threat may affect compliance with more than fundamental principle. Threats fall into one or more of the following categories: (a) Self-interest threat – the threat
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Legislations: There are many laws that are important and protect a person with disabilities. Some of these laws that I will be talking about is: The National Authority Act 1999. Under the National Authority Act the National Disability Authority (NDA) was set up. The Authority was established on June 12‚ 2000. The function of the NDA is to provide guidance and advice to the government on policies‚ practices and technical standards relating to disability. They advise people on the standards
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Electronic Sports: Really a “Sport”? When “sports” is heard the first thing thought of‚ big athletes‚ open fields‚ and probably a lot of sweat. However‚ that is not the case these days. Within the last ten to twenty years a radical thing that probably would not have been thought to exist is coming into fruition‚ and boy is it blooming. Electronic Sports‚ eSports for short‚ is the act of playing video games competitively for not just proving who’s better‚ but also for a very large chunk of money
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Looking for Alibrandi Film Review Looking For Alibrandi is an Australian film directed by Kate Woods and produced by Robyn Kershaw‚ which was also based on the novel‚ written by Melina Marchetta‚ which she co-scripted as well. Although the film and the novel have the same plot‚ the scenes are in different order‚ which makes it a mystery to watch or read. Josephine Alibrandi (Pia Miranda) is in her last year of high school‚ attending a catholic private school with a scholarship. She promises herself
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Guideline for capstone assignment Rudolf M¨ller u Director of Bachelor Programmes August 3‚ 2009 1 Introduction In the study guide on ELEUM it says: The Bachelor thesis in the form of a capstone assignment concludes year 3 of the Bachelor’s programme. The capstone assignment is an individual assignment of 4 ECTS. The aim is to demonstrate your mastery of domain of study in an assignment that integrates your acquired knowledge and skills. This guideline gives a detailed description
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Confirmation as Audit Evidence Introduction The confirmation in the auditing process is a technique for obtain and evaluate a communication from a third party in response to a request for information made by the auditor. The request of the information can be both written and oral communications. According to Aldhizer and Cashell (2006)‚ the auditor controls the initial mailing of confirmation requests to the client’s banks‚ debts of their customers and others. Prasad (2007) described‚ that the purpose
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