Key challenges facing the audit profession Competition for human capital In the auditing industry‚ human capital is an essential asset as the tedious task of performing an audit can only be done by professional audit personnel. However‚ the auditing industry has a high employee turnover of about two years with the big 4 having turnover of about half a year. Thus‚ one of the major challenges faced by audit firms is to hire and retain the best people. Most people do not sought after the audit
Premium Audit
CONTINGENCY contingency plan is a plan devised for an outcome other than in the usual (expected) plan.[1] It is often used for risk management when an exceptional risk that‚ though unlikely‚ would have catastrophic consequences. Contingency plans are often devised by governments orbusinesses. For example‚ suppose many employees of a company are traveling together on an aircraft which crashes‚ killing all aboard. The company could be severely strained or even ruined by such a loss. Accordingly‚
Premium Risk management
year over budget. How would you cut spending? December 1‚ 2013 How would you help to bring the National debt down? Each year the government spends countless amounts of money on things that could ultimately be put toward the debt we owe. The estimated amount of debt as of now is about $17‚237‚634‚587‚000. Some ways that you could reduce government spending is mandate a policy that would take $10 yearly for every person in a house hold. Another would be to cut out all the
Premium Tax President of the United States United States Congress
complex life. Humans had a key role with genetics. For hundreds of generations genes were passed down. You get these genes from your parents then from their parents and so forth. Your identity is given to you because of cultural diffusion and the mix of race‚ ethnicity and genetics from your ancestors. So‚ before your life there was cultural diffusion for hundreds of years due to this every ethnicity/race mixed. Critics may say‚ your identity is created by you because you live your own life. A woman
Premium Black people Race African American
Implementation‚ Strategic Controls‚ and Contingency Plan Tonya Starks STR/581 December 8‚ 2014 Instructor: Braford James Abstract Apple Inc. is a global innovator of the MacBook‚ tablets‚ iPhones‚ iPods‚ and other innovative products. Apple is the leader in the electronic market sector for innovative product growth and development. The implementation plan will explain the strategic controls and contingency plan for the organization along with an implementation process. This will allow
Premium Apple Inc. Management Strategic planning
Perfect guy! How would you describe a perfect guy? One who has got all the best qualities? Well‚ for me a perfect guy is someone who has got a good personality along with looks. One who is caring‚ loving‚ sweet‚ friendly‚ open minded‚ devoted‚ honest‚ kind‚ understanding‚ respectful‚ romantic‚ possessive‚ protective‚ supportive‚ proud to have her‚ has got deep eyes and loves her to infinity. Makes her feel special‚ makes her realize her importance in his life‚ makes her laugh even when she doesn’t
Free Love
5. Theoretical Contingency Framework 5 Theoretical Contingency Framework Having clarified the EPs’ development in the previous chapter‚ this chapter presents the theoretical framework that was developed to guide the data collection‚ analysis‚ and performance evaluation presented in the subsequent chapters. We first introduce structural contingency theory and its underlying assumptions. Specific attention will be given to the “patterned systems” approach (Van de Ven and Ferry 1980) which will
Premium Health care Patient Organizational studies and human resource management
of congruence between the dominant type of organizational culture and leadership styles. This observed lack of congruence may be inhibiting performance and unconsciously perpetuating a cycle of caution and an over reliance on stability and control. Key words: Organizational culture- Leadership styles-Higher education 1.Introduction An examination of the literature in the fields of organizational culture and leadership finds that the two areas have been independently linked to organizational performance
Premium Leadership Organizational culture Organizational studies
Answer the questions for the case “integrating McDonald ’s Business‚ Human Resource‚ and Staffing Strategies" page 49‚ Chapter 2. [ 15 Marks] Questions 1: How would you describe McDonald ’s business strategy? What are the foundations of its competitive advantage? Answer: McDonald’s business strategy is a specialization strategy. The organization is built on a foundation that gives it a competitive advantage and a business strategy that is consistent‚ flexible‚ and specialized. McDonald’s niche market
Premium Strategic management Labour economics Employment
Contingency theorists argue that an organization that adapts to its environment will perform better than an organization that does not (Donaldson‚ 1996) and that mismatched characteristics within organizational configurations will prevent an organization from achieving natural harmony with its environment that will lead to better performance (Mitzberg‚ 1981). In contrast to the classical scholars‚ most theorists today believe that there is no one best way to organize. What is important is that there
Premium Organization Theory Management