...are or will facing and others. With this, the non-audit result can be more accurate and quality by the insight and professional skepticism of auditors (Young, What are the arguments in favor of auditors providing non-audit, 2013). The quality of business’s own system will also affect the result of non-audit report. Quality information which business depends on is delivering by quality of information technology and accounting system. When making decision, manager to refer and base on these information to avoid making wrong decision. This information is normally used by internal auditors as a best position to advice clients. This cause denied increasingly a vital source of people such as a multi-functional audit firm with the relevant wider skills by business (The provision of non-audit services to audit clients). (b) Fees of non-audit report Shareholders can more easy and able to predict the extent of non-audit services which provided by auditors. For some year, the total amount of the non-audit fees which need to pay to auditors is needed to be disclosed. This requirement is written in the Companies Acts. With this act, shareholders can measure that whether the auditors deserve to get the payment base on the non-audit serves which provided (The provision of non-audit services to audit clients). In UK, company except small and medium sized need to disclose the non-audit fee start from 2008. The fee is...
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...Sanne Bruhn-Hansen Supervisor: Tomasz A. Fediuk Corporate Social Responsibility & Starbucks BAMMC – BA Thesis May, 2012 Corporate Social Responsibility – A case study of Starbucks’ CSR communication through its corporate website Bachelor Thesis in Marketing and Management Communication Sanne Sanne Bruhn-Hansen CPR: XXXXXX-XXXX Supervisor: Tomasz A. Fediuk No. of characters: Thesis: 54,329 Abstract: 3,492 Page 1 of 42 Sanne Bruhn-Hansen Supervisor: Tomasz A. Fediuk Corporate Social Responsibility & Starbucks BAMMC – BA Thesis May, 2012 Abstract Organizations today are experiencing increased pressure from their surrounding environments to act as good social citizens while still being profitable. Acting social and ethical responsible has become an expectation rather than a differentiation strategy to obtain organizational legitimacy. Therefore, this thesis examines how the very successful global coffee company, Starbucks, communicates its CSR initiatives through its corporate website. The aim is to investigate what is communicated, what different online communication channels are utilized, as well as how the communication is framed to target different stakeholder groups. In the first part of the report, after stressing the relevance of engaging in CSR activities and the importance of effective CSR communication, Schwartz & Carroll’s (2003) Three Domain Approach for CSR motives is briefly introduced. This gives an overview of why companies engage in CSR...
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...1) Archaeologists inform us that public relations has roots in A. Iraq, where bulletins informed farmers how to grow more food B. England, where 18th century bulletins hailed the coming of the British Industrial Revolution C. Rome, where tablets paid tribute to new rulers D. China, where during the Ming Dynasty peasants wrote messages on the Great Wall 2) The word propaganda originated with A. the Creel Committee during World War II B. Pope Gregory XV, who established a College in 17th Century Rome to spread the word about Catholicism C. Sophists, who walked around telling citizens of Rome who to vote for. D. the farmers who grew grapes in ancient Italy 3) The growth of public relations as an accepted business-like practice in the United States of America stems from A. the British Industrial Revolution B. the American Industrial Revolution C. the efforts of people like Samuel Adams and Amos Kendall D. the hype of P.T. Barnum 4) Applying the widely repeated definition of public relations developed by the late Denny Griswold to serve an organization properly, practitioners ought to serve as A. counsels to chief legal officers B. honest brokers to management C. advisers to human resources directors D. consultants to directors of marketing 5) To effectively communicate with a public, it is important to recognize that A. all publics have the same needs B. all publics are most interested in the technology you use C. all publics have their own special needs...
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...CHAPTER 1 THE MAN WHO “THOUGHT” HIS WAY INTO PARTNERSHIP WITH THOMAS A. EDISO Mr. Edwin Barnes a man who only wanted to have a partnership with Mr. Thomas Edison instead of working for himself. At first, he failed to be a partner of Mr. Edison, but he started as a worker for him. Mr. Edison make a new device named “EDIPHONE”, many salesman said that to sell those devices every need to exert much effort. But Mr. Edwin Barnes decided to have a partnership with Mr. Barnes Their business become successful and earned a lot of money but before achieving that, they think something new and done a lot of things. 3 Feet from the Gold There was a man who really gold fever, he was the uncle of Darby. Until the time come he was rewarded by the discovery of the shining awe, but he need money to buy a machine and equipment. One time the vein of gold disappeared. Darby and his uncle decide to stop it and sold all the machineries they bought to a junk man. And that junk man decided to continue what the first man began, he consult to an expert on mining and took a lot of money. Whenever we experience failure, and quit on it, we will never achieve anything. Move on and ignore does failure because that failure is an opportunity an opportunity to learn something from our failure this is a lesson after Darby and his uncle lost the opportunity. 50 Cent Lesson in Persistence After losing a huge fortune on mining business, Darby and his uncle continued finding another fortune. One day there...
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...CLASS ASSIGNMENT For PAPER 2, SECTION 2: WESTERN METAPHYSICS On WILLIAM OF OCKHAM SUBMITTED BY: HARISH S PEDPAROLU MA PART 1 WEEKDAY BATCH ABSTRACT This write-up seeks to take stock of the philosophy of William of Occam , in the context of his position in the history of medieval philosophy and with reference to not just his ‘razor ‘ but also of his views on ethics, politics and epistemology as well. It begins with an account of medieval philosophy and its chronology followed by a brief survey of the problems central to medieval musings. The problem of universals and particulars is then brought in and is discussed with reference to the raging conflict between the realists, on one hand , and the nominalists on the other . The views of Thomas Aquinas and John Duns Scotus ,in reaction to whom , much of the philosophy of William of Occam took shape , are related . What follows is an account of Occam’s razor, its being rooted in Occam’s position on the problem of universals and the distinction he draws between the knowledge capable of being reasoned and the understanding based solely on faith. His ethical and political views are touched and a few comments are made about the impact and relevance of his views in the Middle Ages. The beginnings of what has come to be classified as the ‘Medieval period ‘ in the historical discourse...
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...The Missing Link; How Corporate Social Responsibility Increases Market Value Bachelor Thesis Marketing Supervisor: Ph.D. Ernst Osinga 2009/2010 ANR Name E-mail Subject : 888692 : Puck van den Biggelaar : P.vdnBiggelaar@uvt.nl : Marketing and firm value Subject Area : Marketing corporate social responsibility and market value Study Program: International Business 1 Abstract Corporate social responsibility is profitable for a company, but only when the following requirements are met. First the CSR strategy has to be properly motivated, thus the goal of the CSR should not be profit generation. Second the level of trust of customers should be high enough so that customers will not respond skeptical to the CSR strategy. Third the company should be innovative and not be exposed to too much risk. If these requirements are met it is necessary to choose a CSR strategy that fits the brand and to use the right communication strategy. Only then will market value rise as a result of the higher level of customer satisfaction CSR creates. 2 Table of content Chapter 1: Research proposal 1.1 The problem background 1.2 The problem statement 1.3 Research questions 1.4 Academic relevance 1.5 Managerial relevance 1.6 Overview of the rest of the chapters Chapter 2: Corporate social responsibility from the consumer perspective 2.1 Introduction 2.2 CSR and customers Chapter 3: Consumer reactions and attitudes towards trust, communication strategy and fit 3.1 Introduction 3.2...
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...media influence (Delillo 23). Furthermore, the fluidity of knowledge exacerbates this insecurity and causes people to rely on the “reassur[ance] by someone in a position of authority that a certain way [of doing something] is the right or wrong way” (163). As the “primal force in the American home,” media holds ultimate authority in society; therefore, children and elders look to the “wealth of data concealed in the jingles and the slice-of-life commercials” of television to enforce their beliefs (51). Tommy Roy Foster, a teenage murderer, justifies his heinous crimes by claiming that he “had been hearing voices [on TV] talking to him, singling him out, telling him to go down in history” (44). Tommy’s extreme actions, incited by the television, highlight the authority of media in a young person’s life and further illustrate the damaging effects of entrusting one’s knowledge in the “coded messages, endless...
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...access to the Internet; needless to say we live in a very technically inclined society. Almost every task that is preformed is done by using some sort of technological medium, whether that be a computer, smartphone, tablet, etc. We have the ability to access multitudes of information by the push of a button in something so small that it fits into the palm of our hands. I personally believe that technology is a great way to expand our knowledge, especially since we live in a climate that is centralized around such things. Like much of everything else in our world, the way we read has been technologically transformed. It used to be that if you wanted to read a novel you would have to go to a library or a book store and buy the ones that you were interest in reading. If you wanted more than one you had your satchel that you could put three of your 500 page novels into, which was kind of a hassle. Today there is a way to store millions of books on something no bigger than a sheet of printer paper. The integration of eBooks into our libraries, schools, and personal libraries is crucial to keep future generations reading. Technology is and will continue to be a very large part of our lives and if we are going to keep people interested in written words we must allow innovation to take place. Society and the way we do things drastically change from each passing decade. The very first computer took up a whole entire classroom and now I have one that doubles as a phone and fits in my...
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...communication that have been used to reach the mass media overtime are the newspaper, telegraph, radio, magazines, television, and internet. The definition of the news can be classified into two concepts. “News and newsworthiness”, that means that the main objective of the press is to release information about significant changes that can affect a large group of people or possibly society as a whole (Vivian, 2011). Television reporter’s main intent is to always stay away from sounding biased, which means both debating parties should be presented in the story. An example of a current ethical issue with strong controversial debate is pollution, where there are two parties which fell they have credible evidence either proving humans are the main cause or due...
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...After the year 1984 passed the world breathed a sigh of relief that Orwell’s prophecy of oppression by government or a “big brother” did not come true. In 1985 Neil Postman published Amusing Ourselves to Death in which he describes a takeover of a passive society using Aldous Huxley’s Brave New World as the prophecy. Postman describes imminent death by comparing Orwellian fears to those of Huxley’s: “We had forgotten that alongside Orwell’s dark vision, there was another – slightly older, slightly less well known, equally chilling: Aldous Huxley’s Brave New World. Contrary to common belief, Huxley and Orwell did not prophesy the same thing…What Orwell feared were those who ban books. What Huxley feared was that there would be no reason to ban a book, for there would be no one who wanted to read one. Orwell feared those who would deprive us of information. Huxley feared those who would give us so much that we would be reduced to passivity and egoism. Orwell feared that the truth would be concealed from us. Huxley feared the truth would be drowned in a sea of irrelevance. Orwell feared we would become a captive culture. Huxley feared we would become a trivial culture, preoccupied with some equivalent of the feelies, the orgy porgy, and the centrifugal bumblepuppy…In 1984, Huxley added, people are controlled by inflicting pain. In Brave New World they are controlled by inflicting pleasure” (vii). With entertainment and technology surrounding the population everyday...
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...Competitiveness’ and other countries also working towards on that. Industries must strive for global competitiveness through the transformation and innovation of the manufacturing and services sectors. According to The Small and Medium Industries Development Corporation (SMIDEC) SMEs account for close to 99 % of all the establishments in the manufacturing, services and agricultural sector, provide around 65% of total employment and it is expected that the value added production of SMEs to be around RM120 billion or 50 % of total production in the manufacturing sector by 2020. Malaysian SME contribution to the GDP was only 32 percent in 2006 compared to that of 40 percent in the United States, 57 percent in Germany, 55 percent in Japan, 60 percent in China, 57 percent in Indonesia and Thailand at 38.9 percent. Innovation and the capacity to innovate are among the most important factors that affect an organizations competitiveness and performance SMEs due their small size, limited managerial capabilities, as well as limited resources do face a challenging task in innovating. SMEs as compared to larger firms are weakly structured in innovation, low market power and scarcity of resources in order to appropriate the benefit of their innovation. In nature, SMEs do not require a statutory audit may still want some degree of independent assurance to increase the credibility of their statements, in which case a review can be an ideal solution. Additionally, since the work effort involved...
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...The Case In this case, Patrick Walker is an audit partner at a medium-sized CPA firm. Pat has decided to invest in a mutual fund that is managed by a third-party distributor, Fidelity Investments. Of the shares that are outstanding of this mutual fund, he owns less than 1%. It is also important to note that Pat’s mutual fund is diversified. Pat’s private client, XYZ Corporation, is a part of his diversified investment portfolio and happens to be one of the major holdings of the 1% that he possesses. Since Pat is an audit partner and XYZ Corporation is his client, he plays a determining role in the key decisions of the audit and that he possesses significant influence over the audit outcomes. Because XYZ Corporation is a nonpublic client, Pat and the firm are not required to abide by the U.S. Securities and Exchange Commission (SEC) or the Public Company Accounting Oversight Board (PCAOB). The PCAOB is a “private-sector, nonprofit corporation created by the Sarbanes Oxley Act of 2002 to oversee accounting professionals who provide independent audit reports for publicly traded companies”. Also, since Congress gave the SEC the authority to control its operations, they essentially have the same goal of regulating public companies. With that being said, Jack is not mandated to follow these rules while auditing his private client, XYZ Corporation. However, the State Board of Accountancy Code of Conduct and the Generally Accepted Auditing Standards, which is promulgated...
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...Title: The Federal Reserve Name: Jane Doe Course: Eco 320/Understanding Prof. John Smith Date: 11/28/2012 It would not be an overstatement to say that the U.S Economy is very strong at least compare to other countries. One is sure that listening to the news and the politicians in Washington, DC they render a different opinion. But these tactics are just to scare people and make believe on ideals that have nothing to do with the actual state of the Economy. The fact is we now live in a global economy and what happen in Europe can have a major affect in the U.S economy. The European Union is not very stable at this moment and probably never will be stable, because the adaption of the Euro has failed on its main objective. The U.S Dollar is still the preferred and trusted paper for the world to conduct trade. The role of the Federal Reserve is to keep that trust and confidence in the U.S Dollar at home and abroad. To gain more prospective on the role of the Federal Reserve it is imperative to answer and explain the following questions: Evaluate the role and effectiveness of the Federal Reserve in stabilizing the current economy. The American economy is a complex balance of services, financial, manufacturing, agricultural, and banking industries. For this reason, the U.S. is a global economy, relying upon foreign investments and trade to create and retain wealth. Over the years, America has evolved from farming-based, to industrial, to a services-based economy...
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...towards a globally interdependent marketplace, the stakes are much higher than they were when Congress established the Federal Reserve in the early 1900’s. A country’s debt can now become the world’s debt, and the role of the U.S. federal banking system is now considerably more under pressure and scrutiny than ever before. As we have been seeing with the current liquidity crisis in the U.S., and how it has affected U.K. and Asian markets, strong, comprehensive policy-making is now crucial to sustaining long-term economic viability. Even despite the growing need for quick, precise actions by the Federal Reserve System, the decision-making regarding the economy often meets with controversy. The recent bailout plan, passed by Congress met with skepticism and is still being questioned as to its effectiveness. Throughout American history, the banking system endured many financial crises, with almost every scenario ending in bank failures and causing the deep recession. It became clear that with the capitalist system, the proclivity towards a...
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...The North Face Inc. | | A Case Study | | | | | | Table of Contents CASE BRIEF 3 CASE ABSTRACT: 3 AUDITOR’S DILEMMA: 3 AUDITOR’S QUESTION: 3 Research Questions: 3 CASE CONTEXT 4 Understanding of the North Face Entity 4 Understanding of the Entity’s Environment 6 INDUSTRY CONDITIONS 6 INDUSTRY LIFE CYCLE: 8 The Apparel Commodity Chain: 9 Demand and Competition 9 Regulatory Environment: 10 Revenue Recognition 11 Other External Factors: 12 Answer to Questions 13 Figure 1- The Apparel Creation-to-Sales Cycle 7 Figure 2 - The Fraud Triangle 19 Table 1 - Rules for Revenue Recognition in Manufacturing Industry 11 CASE BRIEF CASE ABSTRACT: Financial accountants and independent auditors commonly face challenging technical and ethical dilemmas while carrying out their professional responsibilities. This case profiles an accounting and financial reporting fraud orchestrated by the chief financial officer (CFO) of a major public company and his subordinates. The CFO, who was a CPA, took extreme measures to conceal the fraud from his company’s audit committee and independent auditors. Despite those measures, the independent auditors identified suspicious entries in the company’s accounting records that were a result of the CFO’s fraudulent scheme but did not properly investigate those items. Shortly before the fraud was publicly revealed, a partner of the company’s audit firm instructed his subordinates to...
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