With the Sarbanes-Oxley Act in place investors are now protected through the improvement of reliability and accuracy of corporate disclosures made in accordance with the securities laws money (Bagranoff, Simkin, & Strand-Norman, 2008). The Sarbanes-Oxley Act made considerable modifications to business practice and corporate governance regulations. Section 404 of the Sarbanes-Oxley Act had the most impact on internal control. Section 404 of this act mandates that companies should provide details on their internal control policies and structures and policies. The Sarbanes-Oxley Act has increased the s increased the reliability and dependability of financial statements.
Functions of audit productivity software include electronic working papers, electronic sharing of schedules, calendars, and files, time and billing, reference libraries, and document management. Using electronic working papers is one way for an auditor to increase productivity as they can automate the planning stage of an audit. The auditor can minimize the time and effort creating manual audit papers and questionnaires and increase his or her efficiency. With the use of electronic working papers, the auditor can import the data of a client and electronically input audit adjustments. He or she is then able to produce spontaneously GAAP-based financial statements.
| Large and progressive companies in most economically developed nations have embraced the stakeholder model. | b. | As more businesses enter the global market, they encounter the complexity of balancing stakeholders' relationships with other business operations and decisions.
However, if the acquisition is managed properly the transaction can dramatically alter the competitive landscape giving them a competitive advantage over their rivals. Lastly, effective acquisitions can increase growth in ways that would not be able to be completed organically. [1] Slaoui needs to manage the integration by addressing all constituents and aligning corporate cultures. Prior to acquisitions talks GSK made significant changes to their business model that will allow them to deliver long-term growth. The Discovery Performance Units (DPU’s) hase moved the company in the right direction which has reenergized integrative thinking.
Attn: Management and Stakeholders Purpose of Proposal New Platform and Companywide Compliance System Project Description Based on the company expansion, it’s important to combine our business information systems into an easy to use and more efficient database system. First we need to come up with a process that will work within the company. We will use an ERP or Enterprise Resource Planning. This will basically manage and integrate the important parts of the business. An ERP management information system integrates all the common areas like purchasing, inventory, sales, human resources, and marketing.
Their recent technological innovations and resourceful relationships with suppliers and distributions has given Wawa a significant competitive advantage as well as increased profit margins. Throughout this essay, I will explain Wawa’s technology strategy and its effectiveness, what their strategy should be going forward, as well as what implications their strategy will have for the convenience store industry. A technology strategy is the overall plan which consists of objectives, ideologies, and tactics relating to the use of technologies within a particular organization. Wawa’s technology strategy involved many aspects. First and foremost, Wawa had put significant emphasis on its ability to continue to change with the times and identify emerging trends in their industry.
The United States market is filled with many businesses that offer related products. Globalizing brings a lead to organizations because it gives the companies opportunities to cultivate and add to success of the
Globalization By HEBSMB49 Workshop 1 assignment Due January 18, 2011 Submitted January 18, 2011 Globalization Introduction Modern technology has permanently and dramatically altered the landscape in which businesses operate. Advances in computers and telecommunications have enabled businesses to operate around the clock, reducing the amount of resources wasted, while maximizing efficiency and providing maximum results to shareholders and consumers alike. What is Globalization? Globalization refers to the process by which barriers to trade between countries are reduced or eliminated, advances in transportation and communication make distances between countries immaterial, and national economies are gradually merging
Summary In recent years, customer interaction with financial institutions like American Express (AMEX) has evolved to become more dependent on mobile transaction platforms and web based interfaces. Companies who can demonstrate the ability to bring new products and services to market more quickly are rewarded. As a result, the payments industry has recognized the need to develop enterprise architecture (EA) to support the complexity of new products and services, new delivery channels, and the need for greater agility. AMEX embraced the challenge through implementation of a highly successful, highly standardized, EA that has enabled AMEX to streamline processes and do business more effectively using IT resources. In 2011 AMEX was selected as one of six companies to receive the InfoWorld/Forrester Enterprise Architecture Award for transformative initiatives leading to business success.
Advanced manufacturing technologies have altered long-standing patterns of productivity and employment. [The improvements in] air and sea transportation [have] greatly accelerated the worldwide flow of people and goods” to the greater expanses of the globe (Globalization of Technology: International Perspectives, p. 1). With all of the abilities of the new technologies, undeveloped countries will be back in the game, so to