organizations external environment and the forces at work there. PESTLE stands for political, economical, socio-cultural, technological, legal and ecological factors. There are different opinions in literature about the inclusion of legal and ecological factors. Their importance doubtlessly differs from industry to industry. In case such factors are of high relevance to an industry, they should be analyzed separately. In industries that are less influenced by legal and ecological factors, they could
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entrepreneurial view point as a competitive advantage. It also formulize the conceptual framework of the resource based view by contrasting it to with competitive force approach (CFA), as the CFA explores the source of sustainable competitive advantage in the external environment of the firm while the RBV pays attention to the internal resources of the firm. The main objective of this paper is to amend the RBV from a dynamic point of view & incorporate the theory of entrepreneurship in the RBV of strategic
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iii) External Environment: Opportunities……………………………………………………....6 iv) External Environment: Threats……………………………………………………………..6 PESTL Analysis………………………………………………………………………………...7 i) Political factor analysis……………………………………………………………..7 ii) Economic factor analysis……………………………………………………………8 iii) Social factor analysis………………………………………………………………...8 iv) Technological factor analysis………………………………………………………..9 v) Environmental factor analysis………………………………………………………..9 vi) Legal factor analysis…………………………………………………………………10
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Auditing and Assurance Introduction The essay is mainly discussing that Transval Ltd wants to hire a new auditing team and depend on the request that be given to the new auditor, whether the new auditor should accept the offer to audit for Transval Ltd or not. Upon that, the essay also talks about the threats to the objectivity as an auditor and the ways to mitigate these threats. Last part of the essay is talking about the risks that could cause misstatements to the financial statements and
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internal and external factors that can setback an organization from achieving those goals. “Internal factors are as under: a. habit b. motivation and interest c. learning d. organizational and specialization e. economic and social background and f. personality” (Universal Teacher, 2003). External factors are: “a. intensity b. size c. contrast d. repetition e. motion f. novelty and familiarity and g. situations” (Universal Teacher, 2003). Some examples of internal and external factors are: restructuring
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TABLE OF CONTENTS Recommendation and Approved Sheet----------------------------------------------------i Acknowledgment---------------------------------------------------------------------------------iii Table of Contents--------------------------------------------------------------------------------iv List of Tables-------------------------------------------------------------------------------------vii List of Figures------------------------------------------------------------------------------------viii
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have embezzled $15 million in the corporation’s assets to support the teams. There are a number of other fraudulent factors involved that have increased the amount of fraud to 500 million! If SOX was enacted in 1992, then it would have helped in the following manner: Section 203, Audit Partner Rotation: “The new rules impose more rigorous standards of independence for the external auditors of SEC reporting companies (including foreign private issuers) than under existing SEC rules that existed”
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Case study of “Rigorous or Not?: A Case of Auditor Judgment for Deferred Tax Issues” Judgment Framework and Professional Judgment Discuss the importance of “judgment framing.” “Judgment framing” occurs early in the judgment process. The definition of framing follows: Frames are mental structures that we use, usually subconsciously, to simplify, organize, and guide our understanding of a situation. They shape our perspectives and determine the information that we will see as relevant or irrelevant
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technology innovation for a long time. 3. What caused Dell to lose its No.1 spot in PC industry in 2007? Internal factors and external factors? Anything to do with its strategy and implementation? (4 pts) A: The most important internal factor in Dell is lack of enough innovation which is the best advantage of Apple. And the reduction of profit of the IT industry is another internal factor. When low cost strategy becomes more and more popular, the innovation starts to show its importance. When HP and
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or financial consultants specializing in valuation services. Fair Value Estimates The audit of fair values often involves substantial risks of material misstatement. For a particular estimate, the level of risk is influenced by a number of factors, such as the length of the forecast period, the number of significant and complex assumptions, the degree of subjectivity associated with those assumptions, and the availability of
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