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Classification of Individual Business Risk
Individual business risk can be low or high impact and low or high likelihood. Here are some illustrations for a satirical magazine.
What can management do about risks once they are identified? Obviously what to do based on the risk and there are an infinite variety of risks. One possible categorization of potential reactions by management is as follows:
In the end, the business of the entrepreneur is risk raking and all risk cannot be removed. The fundamental economic truism is that there is a correlation among risk and return and high returns are not possible with any risk.
Questionable Payments In some countries, business is often gained by bribing ministers or public officials or officers of companies or firms with whom one wishes to do business
Conducting a critical review of published literature about a topic is fundamental step in developing your research skills. A first step towards a review of the literature is to sea
1. On 5 August 2012, the financial controller informed you that the board has recently received a letter from the assistant general manager, Mr. Tan. The letter contains a confessi
Auditing appears to be a worse of time considering financial fraud cases in Zimbabwe and world over. Justify the existence of the audit profession and what to be done to improve it
Negligence in General There is no case against auditors and this made it hard to be accurate as to where the auditor’s legal liability falls. We require therefore referring to
Types of audits So far we have tended to think in terms of the audit of limited companies, and indeed, the emphasis throughout this text will be on such companies incorporated
Assessment tasks: This assignment requires you to revisit the case of the collapse of US energy giant Enron Ltd. Your revisit starts with a reading of the excerpts from memos
Method of corrercting evidence?
What is an external auditor's responsibility in regard to finding fraud?
Existence - Plant and Machinery However this should generally be checked through physical inspection, so a problem arises. Items of machinery and plant can be numerous mobile
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