Audit Essay Examples

audits of the involved suppliers, as they were at the nerve of the problem. Moreover, the group should have sued the suppliers, being part of the reasons that caused massive losses to Samsung. To regain its trust to consumers, operations with such suppliers need to be terminated. Action by Apple Apple, considered to be one of Samsung's leading competitors increased their public relation antics, alongside their promotional features. Such saw increased vendor ship of the iPhone products across the world, overtaking Samsung for a while, although this was short-lived. Whereas sale of iPhone gadgets rose, those of Samsung dropped. Action That I Would Have Recommended For Apple It would of public...

audit of the Internist-1 project was conducted in 1981. After the review, it was revealed that the diagnostic performance of the system was impressive. In qualitative terms, the performance was similar to that of physicians in several teaching hospitals. Despite this, the audit recommended that the system was not ready for deployment in hospitals. The recommendations were based on the shortcomings of the project. The primary deficiency of the project was its accuracy. The ability of the system to produce the right diagnosis was unreliable. The results it produced differed significantly with those from an expert physician. The shortcomings of the Internist-1 project lead to the development of the QMR...

audits on all companies. The utilization of external auditors with no interest or connection with management helps in checking for irregularities in finances. Regular and sudden audits of financial documents discourage unethical behavior in any company. Alternatively, the federal and state governments may offer better incentives and tax breaks as a means of improving the legal and political environment for companies CITATION Xie03 l 1033 (Xie, Davidson, & Dadalt, 2003). The friendly environment enables transparency among companies. In fact, harsh government policies encourage illegal corporate activities as businesses struggle to survive in a hostile economy. The concept of earnings management...

auditing of its products and services. Deloitte consists of professionals from independent firms throughout the globe who collaborate to offer consulting, financial, audit, advisory, tax and risk management services to its clients. All the member firms that form a part of Deloitte provide services in particular geographic areas and remain subject to the laws, policies, and regulations of the country with regards to how public accounting is conducted. Every member of the firms that work with Deloitte is independent and cannot obligate each other for their acts and omissions. The success of Deloitte is dependent on the form of reward system that it deploys. The performance of the firm is dependent on...

audit firms to help them with their business management problems. Not only does this initiative help them identify additional or dubious cash outlets, it helps them to settle for a purchasing and expenditure strategy that best suits their short and long-term goals. Proper Resource ManagementManagement of resources is also vital to a company’s development. Adequate utilization of available resources maximizes the profitability margin of a firm by minimizing wastage. This is only possible where an organization employs excellent bookkeeping practices to help them keep an accurate and reliable track of anything that is procured or used. Also, excellent record keeping minimizes instances of theft of...

audit logs. In conclusion, these policies can ensure the privacy of medical information thus encouraging patients to share any sensitive information. References Acquisti, A., Brandimarte, L., & Loewenstein, G. (2015). Privacy and human behavior in the age of information. Science, 347(6221), 509-514. Fernández-Alemán, J. L., Señor, I. C., Lozoya, P. Á. O., & Toval, A. (2013). Security and privacy in electronic health records: A systematic literature review. Journal of biomedical informatics, 46(3), 541-562. Patil, H. K., & Seshadri, R. (2014, June). Big data security and privacy issues in healthcare. In Big Data (BigData Congress), 2014 IEEE International Congress on (pp....

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audit of the staffs roles and responsibilities, departmental operations, and performances at individual and departmental level. This audit will answer questions on where are the gaps and how best to fill them to avoid costly mistakes, like the case of Tonia Putt. The King’s Company can start using the ADP HR program that will help the firm in synchronizing all its data across departments and share the information when needed, only at a click of a button. The ADP system helps the human resources department in managing its employees’ talent, reporting time, benefits and compensation, project management, trainings and skills development, and tracking of all their recorded information (Christian...

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audit their processes and workflow systems to identify areas they can cut the use of energy. This can be followed by redesigning the processes for efficiency. For example, encouraging employees to travel short distances or minimizing the number of times they fly as in the case of Microsoft Corporation Inc. Third, the company can adopt new technologies that generate less waste, consume less energy, and promotes ecological health. For example, a firm can choose to reduce the use of papers and use computer-based systems. Moreover, carbon pricing can change the ways businesses conform to government regulations. Therefore, firms implementing internal carbon prizing improve their compliance with the set...

audit of the current state of affairs of the HR processes in the organization. This makes it easy to plan for the process and focus on the critical areas. HR benchmarking helps an organization enhance its HR performance since it allows HR managers and employees to have a broader perspective and think out of the box regarding obstacles they face. Additionally, benchmarking offers insights on how other companies excelled in managing employees. It is also a good way of determining the efficiency of the current HR plan, hence plan for any required adjustments. On the flipside, benchmarking if not used properly may have short-lived benefits, needless mention the loss of time and money invested. This is...