External auditor

Weaknesses The company’s involvement in numerous lawsuits constitutes its first weakness, which is not only a past weakness, but also a current one. These litigations impede the company’s brand image in clients’ and investors’ eyes in domestic and foreign markets, and this contributes to company’s amity deterioration. An example of the of these litigations is the consumer class action that was filed against Hewlett-Packard Company in 2011, alleging that this company’s printers’ software were…

An authorised personnel handles all the information regarding the company secrets which are highly sensitive and also a team of auditors are hired to take care of such information. Because any leakage of this type of information causes huge damage to the company and the whole reputation of the company would collapse in seconds. Being a security services firm first we have to be careful…

2017). Without governance mechanisms, opportunisitic and immoral agents will take advantage of the principal, to include all stakeholders. Governance mechanisms can include a board of directors, executive compensation tied to performance, external auditors, government regulators, and independent industry analysts (Roathaermel,…

Apples’ Corporate Responsibility and Marketing Strategies Mouad Nouidei Strayer University Corporate Responsibility Some of the main levels in business for consumers are corporate social responsibilities and business ethics. A lot of businesses now a days come across different questions from patrons and stockholders regarding the company’s ethical and social responsibility (Munson, 2014). Business ethics can include anything from the way the company hires or how a company can make…

The Lufthansa group wants to be the greatest choice in air travel for the customers, shareholders, employees and fellow worker. In words the Lufthansa group are interested on taking the role of model of the global aviation market. Here are the 4 strategy of Lufthansa airways management; a. New concepts for growth The way toward enhancing some measure of an undertaking 's prosperity. Business development can be accomplished either by boosting the top line or income of the business with more…

1. There are many decision-making traps WorldCom’s board has succumbed to. One of these trap is relying on one individual to lead and decide the future of the company. The leader of the company, Ebber was conceited, refrained from the truth, and short tempered. He made it visible throughout the company that he did not like negative and only accepted numbers that represent profit. With a similar image to Mao Zedong during the Great Leap Forward, the company was put through an economic crisis…

Case study Manfold toy company: Corporate governance and ethics for directors and professionals Focus: conflict of interest Manfold Toy Company is a plastic bath and water toys manufacturer founded by Joseph Wan. It is also a plastic airbeds producer and has several lines of plastic exercise toys for use in swimming pools. Through years 1983 to 2005 the company did well, from 42 employees they grew to 900 only in 10 years. In 2001, the Manfold was listed in Hong Kong exchange. In 2005, the…

completion, production and intervention of oil and natural gas wells. The scandal on Ernst & Young LLP, it involved the violations of federal security laws and unprofessional conduct. According to records Ernst & Young LLP served as a tax partner, external auditor, and coordinating partner for Weatherford International a company who issued false financial statements. For the 2007 through 2010 the statement showed an inflation in its…

The Board of directors oversees the audit and risk committee to ensure the following: • The reliability of the financial statements • The employment, remuneration, qualifications, objectivity and presentation of the External Auditor and the truthfulness of the whole audit procedure • The internal audit purpose performance and leadership during the process • The usefulness of the structures of internal governors and risk…

As the need for relevant information regarding a company’s financial position continues to escalate and business analysis becomes more complex, the requirement for organizations to produce both timely and accurate data is essential (Subramanyam, 2014). More specifically, analysts, investors, and creditors alike rely on figures from statements such as balance sheets, income statements, and statement of cash flows in an attempt to conduct both accounting and financial analysis (Subramanyam, 2014).…