Audit : Page - 4

Overview of companyDiscuss about the Bank Inquiry Focuses On Banned Financial. Strategic management involves setting objectives, analyzing the internal organization and competitive environment within an organization. The organization that has been selected for the strategic management is Westpac Banking Corporation. The company is commonly known as Westpac in Australia as the corporation who works as Australian bank and financial servic...

Business model Discuss about the Sustainable Business Development of Commonwealth Bank. The aim of this paper is to harp on the concepts of business model and disruption of the business model. The paper also discusses the threats and opportunities ushered in by the smart-connected devices by delving into its impact on Commonwealth Bank, Australia. There are discussions on the Osterwalder and Pigneur’s business model in contextualizing the...

Consumer and Business Operations Question: Discuss about the Legal Aspect of Westpac Banking Corporation. Westpac Banking Corporation is also popularly known as Westpac, is a bank of Australian origin. The headquarters of the bank is located in Westpac Place in Sydney. The bank was established in Sydney in the year 1982. This essay is based on the analysis of the operations of the bank in Australia as well as in the overseas (Westpac.com.au. ,...

Internal and External Analysis of NABQuestion:Discuss About The Integrated CRM Strategy National Australia? National Australia Bank is one of the four largest and popular institutions in the financial area of Australia. It was founded in 1982 as the National Commercial Banking Corporation of the Australia Limited with headquarters in Melbourne, Australia. It offers various services, to the clients, which consists of Business Banking, Consumer B...

Introduction to Change Management Question: Discuss about the Case Study Of The Australian And New Zealand Banking Group Limited. Change is something that no organization can escape. If an organization fails to change, there are chances that the approach it uses to play in the market will become old and outdated, thus losing the competitive advantage. This is because for any organization to succeed or gain profit there must be some changes mad...

Concept of RiskQuestion:Discuss about the Risk Management and Financial Institutions.The report here discussed about the effective management of risk through discussion of the concept of risk, processes adopted for measuring and ranking the risk and the strategies adopted for effective project risk management. There is also discussion about the appropriate practices responsible for minimizing the project risk with theories, examples and argument...

GPSA Limited: A Brief Introduction Question: Discuss About The Analytical Procedure Clients Business Risks? GPSA Limited is a medical technology company that was incorporated in 1992 as the pioneer in medical technological research and distribution of medical equipment. In previous years from its inception, the company has relied on its internal control systems based on its results satisfaction of extensive control tests (Shim, 2011). After di...

JCT Standard Form of ContractQuestion:Discuss about the Impact of Implementation of Internal Controls in an Organization.A document which sets out the obligations of the parties to a construction project is known as known as a construction contract. A construction project consists of both contractual as well as tortious liabilities for the parties to it. It is in the best interest of the parties understand about the rights and obligations which ...

Industry and Company Analysis Question: Discuss About The Operations Of The Company Westpac Operates? The current report elucidates in detail the audit planning with special orientation to the operations of the firm Westpac. The current segment analyses the industry that is the banking industry in which the company Westpac operates and evaluates the operations of company. This study conducts an industry analysis and company analysis and audit ...

Analytical Approach to Identify Relevant Performance Question: Discuss About The Allow Company To Identify Relevant Expenses? From the evaluation of the case study, relevant analytical measures could be identified for Double Ink Printers Limited (DIPL), which could help in identifying its relevant performance. Moreover, the use of analytical procedures could directly help in evaluating the results, which could motivate the company to conduct r...

Profitability analysis Discuss about the Department of Business Administration. Auditors are able to plan their audit by conducting preliminary analysis using analytical procedures. Such plan helps in cutting unreasonable cost associated with audit and clarifies any facts for accomplishing the verification of financial declaration of DIPL. There are many analytical procedures available to auditor for carrying out analysis and this involves comm...

Inherent Risk Factors at Financial Reporting LevelWhat Is the Inherent Risk Finalcial Reporting Level? Inherent risk is the risk associated with presence of material misstatements in financial statements of entity which are beyond the control of the management. The auditor uses the audit procedures to assess the degree of the risk in particular item of financial data presented in financial statements. Inherent risk factors are evaluat...

Materiality PlanningQuestions:1.Using the 30 September 2011 Trial Balance Calculate Planning Materiality and Include the Justification for the basis that you have used for your Calculation.2.Discuss the Ratios Indicating a Significant or an Unexpected Fluctuation. 3.Prepare a Common-Size Statement for the Balance Sheet of Cloud 9, use Total Assets as the basis for the Balance Sheet. Comment on any Audit Implications revealed by your statement.4....

Introduction to Westpac Banking CorporationQuestion:Discuss about the Qualitative Research in Accounting and Management.Westpac Banking Corporation is a banking organization that offers a range of financial and banking services in markets involving business, institutional banking, consumer and wealth management services. The company is primarily involved in the offering of financial services relating to lending, payments, deposits taking, etc. B...

Corporate Strategies of Woodside PetroleumQuestions:1.Research what Strategies has been applied, and how? Why?2.There have been many Criticisms of the Business Practices that Company has pursued in recent years. Describe two of these Controversies and Outline the Outcomes.3.Perform an Environmental Analysis for the involvement of the organisation in the Context of the Industry(ies) it Operates in – what are the main Opportunities & thr...

Audit Function with Due CareQuestions:1.Prepare a report to the managing partner of Kinglsey Read that indicates whether or not:Kingsley Read failed to exercise ‘due care’ in the audit of Plummet TravelPlummet Travel is guilty of contributory negligenceKingsley Read owes a duty of care to the New Zealand parent company.2.What should Jimmy do? Use the Code of Ethics for Professional Accountants and the American Accounting Association ...

Overview of Woodside PetroleumQuestion :Discuss about the Strategic Management ?One of the most reputed and renowned company in the oil and gas sector belonging to Australia is Woodside Petroleum. It was founded in the year 1954 and the headquarters of the company is located at Woodside Plaza located in Australia (Woodside.com.au, 2016). The company is owned by Royal Dutch Shell and the company is listed on the Australian Securities Exchange (Wo...

Introduction of Central BanksCritically Evaluate How the Central Bank Policy Decisions Affect Banks in Profitability. Central banks are those banks which control the total banking system of any country. Only central banks have the authority of issuing banknotes. The major function of a central bank is to control money supply in the country by handling the interest rates. Central banks act as ‘The lender of the last resort’ ...

Marketing ObjectivesDiscuss about the International Marketing Mix Theoretical Management. Commonwealth Bank of Australia (CBA) is an Australian multinational bank which operates in New Zealand, Fiji, USA, UK and several countries in Asia. It has about 1,100 branches operational in these locations and has total revenue of AUD $ 24.578 billion with AUD $ 12.854 billion. The major competitors of the company are Wespac Banking Corporation a...

An Analysis of the Structure of the Current Financial SystemDiscuss about the Applying for a Banking License in Australia. Brilliant bank is a global bank which is headquartered in New York. It wants to conduct baking operation in Australia. As a director of brilliant bank, a report has been prepared for the methods and requirement to be followed for foreign banking operations in Australia. The financial system includes three component...

National Australia Bank PurposeDiscuss about the National Australia Bank Analysis. Organization does not exist in the vacuum but in the ever changing and dynamic environment. For the organizations to survive and ensure sustainable growth they have to continuously scan their environments to understand the critical aspects that might hamper their activities. This demands an organization to acquire and utilize information about relatio...

Growth Strategies of OrganizationDiscuss about the Growth Strategy of Woodside Petroleum. Woodside Petroleum is the largest oil and gas exploration and production company in Australia. The Company was founded in 1954 and the headquarters of the company are situated in Perth, Australia. The company is named after a small town in Woodside, Victoria. In the 1960s, the major investors in the company were Shell as the Burmah Oil Corporation....

Role of a central bank in Australia in implementing monetary policy and regulatory requirements imposed on the central bank in performing its responsibilitiesDiscuss about the Report for the Role of Central Bank in Australia. The present report examines and analyses the role of central bank of Australia. In this context, it evaluates the role of  central bank in Australia in implementing monetary policy, current economic environment ...

The auditor liability and financial crisisDiscuss about the Auditing and Assurance for Actions and Interventions. In the period of 2008, the entire world faced a crisis due to subprime mortgage that is to lend money to a group of people having difficulty maintaining the repayment schedule. This led to extensive financial and economic reform in the global market. Habib, A., Uddin Bhuiyan et al. (2013) mentioned that the prime reason of g...

Industry level analysis of the chosen industriesDescribe about the Competitive Strategy for The Pharmaceutical Industry. The project focuses on the pharmaceutical industry and the food and beverage industry of Australia. In order to understand the competitive strategy of the company two companies from each of the industries has been chosen. The chosen companies for analysing the pharmaceutical industry are Alphapharm and AstraZeneca, whil...