Case Study 1
In XYZ Publishing an employee was wrongfully fired, the employee was fired for refusal to perform his job. If XYZ Publishing wanted. In order Sam, the supervisor went with the buildings safety director to address the problem that the employee was having. Nobody else in that room complained and the supervisor did not feel and strong drafts. The safety director even gave the supervisor confirmation that it is impossible for a strong draft to be released as the conditioning system diffuses the air as it comes out the duct. The supervisor acted ethically toward this matter by obtaining an expert to give confirmation on the air conditioning unit. When the employee refused to return back to performing his job the company could have …show more content…
Meaning that the company should be allowing all staff members to give their input as soon as possible before they start to experience any drastic problems. The occupational health and safety act ensures that the health and safety of persons at work is completely provided for. A control measure that should instantly be put in place is an office health check sheet. This allows the staff members to make those in charge aware that they are unhappy due to cause in their workplace.
Case study 2
The process of auditing is a long one. It starts first with a notification, this notification letter comes from the external auditor, informing you of an upcoming audit, attached to the notification letter is a preliminary checklist, to make sure all the correct financial statements are in order for the auditor. The next step in the auditing process is planning, this once after reviewing the information, they conduct an engagement risk assessment, draw up an audit plan and then schedule a meeting. Once the planning step is done, they move on to the opening meeting. This meeting must include all the staff that have a relation to the financial statement and the senior management. This is when the employees ask the auditors or specific parts to be audited …show more content…
The receipts from debtors are decreasing at a constant rate, considering not knowing the amount for May, The amount from April to June has decreased as well, which means that this company is getting less income every month, and this could be due to the decrease in sales and act hand in hand with each other. The payment to creditors is also worrying considering that our sales and collection from debtors is decreasing, and we are paying out more. This company obviously saw that they were running at a shortfall and invested more capital and paid their loan off to get rid of the high interest rates that added to their deficit. Fixed cash expenses are expenses that the company has to pay every month. Fixed expenses include rent expense, salaries and wages, water and electricity and the others that allows the company to run. This company does not have enough income to pay for their expenses and in this case, companies start to use their overdraft facility, this overdraft facility allows the company to spend money that is not theirs, this is similar to taking a loan out, but this facility has a high interest rate that the company will have to pay. In order to draw up a cash budget statement, you will have to complete an expected debtor’s collection schedule for the
In XYZ Publishing an employee was wrongfully fired, the employee was fired for refusal to perform his job. If XYZ Publishing wanted. In order Sam, the supervisor went with the buildings safety director to address the problem that the employee was having. Nobody else in that room complained and the supervisor did not feel and strong drafts. The safety director even gave the supervisor confirmation that it is impossible for a strong draft to be released as the conditioning system diffuses the air as it comes out the duct. The supervisor acted ethically toward this matter by obtaining an expert to give confirmation on the air conditioning unit. When the employee refused to return back to performing his job the company could have …show more content…
Meaning that the company should be allowing all staff members to give their input as soon as possible before they start to experience any drastic problems. The occupational health and safety act ensures that the health and safety of persons at work is completely provided for. A control measure that should instantly be put in place is an office health check sheet. This allows the staff members to make those in charge aware that they are unhappy due to cause in their workplace.
Case study 2
The process of auditing is a long one. It starts first with a notification, this notification letter comes from the external auditor, informing you of an upcoming audit, attached to the notification letter is a preliminary checklist, to make sure all the correct financial statements are in order for the auditor. The next step in the auditing process is planning, this once after reviewing the information, they conduct an engagement risk assessment, draw up an audit plan and then schedule a meeting. Once the planning step is done, they move on to the opening meeting. This meeting must include all the staff that have a relation to the financial statement and the senior management. This is when the employees ask the auditors or specific parts to be audited …show more content…
The receipts from debtors are decreasing at a constant rate, considering not knowing the amount for May, The amount from April to June has decreased as well, which means that this company is getting less income every month, and this could be due to the decrease in sales and act hand in hand with each other. The payment to creditors is also worrying considering that our sales and collection from debtors is decreasing, and we are paying out more. This company obviously saw that they were running at a shortfall and invested more capital and paid their loan off to get rid of the high interest rates that added to their deficit. Fixed cash expenses are expenses that the company has to pay every month. Fixed expenses include rent expense, salaries and wages, water and electricity and the others that allows the company to run. This company does not have enough income to pay for their expenses and in this case, companies start to use their overdraft facility, this overdraft facility allows the company to spend money that is not theirs, this is similar to taking a loan out, but this facility has a high interest rate that the company will have to pay. In order to draw up a cash budget statement, you will have to complete an expected debtor’s collection schedule for the