External auditor

QUESTION 2 Start the question by defining a Ponzi and a Pyramid scheme; A Ponzi Scheme: "A con artist offers obligations that promise very high returns at seemingly very low risk from a business that does in fact exist or a secret idea that does not work out. The con artist helps himself to the investors' money, and pays a promised high returns to earlier investors from the money handed over by these and later investors. The scheme ends when there is no more money from the new investors"(Frankel…

company’s financial position is presented in a factual and truthful manner, devoid of any deceit. The company audit committee should do a review and consideration of all company accounts. Also, measures should be put in place to ensure that the external auditors. It should start by the board establishing an audit committee and the company CEO, as the chief financial officer, should state to the board that the financial reporting of BHP Billiton presents a true and fair perspective in the…

entities under the scope of ICOFR. Additionally, to the quantitative ICOFR calculation, Allianz takes the qualitative criteria into consideration. For instance, expected increase in business volume which are provided by the different Group Audit, external Audit as well as Group…

Such areas to be considered are technology literacy, staff skill level, organizational politics, timescales rate for business change, business risks, available resources and external sponsorship. Outcomes of the assessment is used to categorise the project as low, moderate or of high complexity. The complexity determines the overall resource budget to be invested in the project. Advantages of a Gantt chart A Gantt chart provides…

directors that may be more capable of running the organisation. Therefore, if directors underperform, they may be dismissed and new contracts must be evaluated and approved before being legally binding. Shareholders are also able to select an external auditor to ensure transparency. Directors may run the business but shareholders own it and possess all the power. – Upon violation of their rights, shareholders can utilise their right to sue. This would be directed towards the company and is…

Assignment 2 PATRICK FORSON What are the strengths, limitations and challenges of ethical, socially responsible business practice in relation to the supply chain? This essay will examine contemporary standards of ethical and socially responsible business practice with regards to the globalsupply chain. Today there are challenges in defining and measuring corporate social responsibility (CSR) between buyers and suppliers. The main arguments will be that multinational…

Zack Rice Professor Salé Bus 101G 17 October 2017 Devils Den Questions 1) The Devils Den employees were suffering from a violation of Informational Justice throughout all levels of the work place. Employees and managers were not given set rules which accounted for the lack of knowledge on freebies for snacks. The student managers were not taught on how to manage their employees and they were not given very many more responsibilities this created a lack of communication between the employees and…

Running head: RISK MANAGEMENT ASSESSMENT (LOANNIS KATSOULIERIS) 1 Risk management assessment Name: Institution: Course: Tutor: Date:  Managing risk assessment 1 Question one: Risk is the probability that the actual result of a particular situation will differ from the expected outcomes. It includes the chance of losing all or some of the investments. Calculating the standard deviation is one of the many ways of measuring risks. The higher the standard deviation…

Political: In the City of Edinburg, politics split into three parts, 68.920% Democratic, 30.290% Republican, and 0.796% independent. Economic: Edinburg Economic Development Corporation’s Executive Director, Ramiro Garza Jr., Reports that Edinburg has generated over $1.14 million in local sales taxes for the month of April 2009. This figure is up 11% compared to $1,033,765.77 produced in the same month in 2008. The local sales taxes generated by the city’s one and a half cent local sales…

19. The company are committed to augmenting shareholder value and conforming with laws and regulations that govern shareholder rights. 20. The company should inform their financial stakeholders about relevant aspects of their business in a rational, precise and appropriate manner and should disclose such information in harmony with applicable law and agreements. 21. The company should keep accurate records of their activities and should observe to confession standards in harmony with applicable…