ACC 640 MILESTONE 2

Enterprise Risk Management The table below refers to seven industries. Required: For each industry, provide an example of a business risk faced by companies that compete within that industry. Then, describe an example of a control that could be used to reduce the business risk that you have identified.

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Question 13 Research staff at Apricot Ltd (a mobile phone company) , are told by what functionality is expected out of the new model to be released. They are given a generous budget and access to technicians. They are told to contact management if you have any questions or need guidance. What approach to management is most appropriately being described here? A Laissez-faire B Entrepreneurial C Democratic D autocratic

QUESTION 2 "Internal audit is process improvement and optimisation," says ICAEW member Abigail Harper who sits on ICAEW's internal audit panel. She is an internal audit expert, specialising in the hospitality industry. "When you are looking at the control around due diligence for suppliers, you can use artificial intelligence to collect data, such as credit score ratings. Environmental, Social and Governance (ESG) questionnaires and queries around capacity and scalability to support growth plans, but a human can still decide. Thresholds and criteria can be built within systems that suppliers are automatically approved when met. However, there will always be instances where you have to discuss the exceptions and make decisions." This can be applied broadly - such as employee hiring scenarios or performing employee and supplier performance reviews. (Source: https://www.icaew.com) Required: b. Clarify the difficulties auditors are experiencing nowadays while performing an information…

QUESTION 2 "Internal audit is process improvement and optimisation," says ICAEW member Abigail Harper who sits on ICAEW's internal audit panel. She is an internal audit expert, specialising in the hospitality industry. "When you are looking at the control around due diligence for suppliers, you can use artificial intelligence to collect data, such as credit score ratings. Environmental, Social and Governance (ESG) questionnaires and queries around capacity and scalability to support growth plans, but a human can still decide. Thresholds and criteria can be built within systems that suppliers are automatically approved when met. However, there will always be instances where you have to discuss the exceptions and make decisions." This can be applied broadly - such as employee hiring scenarios or performing employee and supplier performance reviews. (Source: https://www.icaew.com) Required: a. Discuss why auditors need to know information technology to support the auditor's judgment on…

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51 Social networks are commonly used A) to send contidential company information. B) for personal communication only, never for business. C) to gather market intelligence. D) to distribute company policies and procedures. UGC is simplified by the use of social network media. UGC stands for A) Use Grammar Correctly. B) User Generated Content. C) Unique Graphic Content. D) User Grown Communities.

ACC340 Chapter 16, Problem 16-11, on page 641: Discuss how emerging technologies, such as the Internet, affect the GL/ BR process. In what ways will organizations have to adapt their business processes to reflect the changes in these external factors?

2019 COBIT Principle 1 Each enterprise needs a governance system to satisfy stakeholder needs and to generate value from the use of I&T. Value reflects a balance among benefits, risk and resources, and enterprises need an actionable strategy and governance system to realize this value. Current Practice Recommendation Principle 2 A governance system for enterprise I&T is built from a number of components that can be of different types and that work together in a holistic way. Current Practice Recommendation

1.11 Match the term with the correct definition 1. A philosophy designed to integrate all organizational areas to provide customers with superior products and services in achieving organizational goals. It requires improving quality and eliminating defects and waste A. ERP 2. Use the internet for business functions such as sales and customer service. It allows companies to reach customers around the world. B. JIT 3. Evaluation of a company's performance by economic, social and environmental impact. C. E-commerce   4. Software system that integrates all company functions, departments and data into a single system. D. Total quality management 5. A system in which the company produces products exactly when they are needed to meet needs. Suppliers deliver materials when they are required to start the production process and finished products are completed at the right time for delivery to customers. E. Three pillars

Question 9 Big Data techniques implemented in the financial sector include: fraud detection O marketing email campaign O customer relationship management techniques O inventory analysis

Shoprite Holdings – Our Supply Chain We continue to invest in innovative information and technology systems and infrastructure to ensure our supply chain remains world-class and efficient. Through integrated planning, procurement, logistics and sales, we optimise our business efficiency at scale, to the extent that our supply chain – which controls our local, import and export activities – is fully amalgamated with our enterprise resource planning (ERP) system. Our streamlined supply chain generates cost savings for our business, our suppliers and our customers and it lowers our environmental footprint by reducing carbon emissions, as well as packaging and food waste. The Role of Social Factors:Changes in social values and trends impact the goods retailers sell and how retailers relate to consumers. The retail industry is often under pressure to develop and implement socially responsible business practices, such as selling environmentally-friendly products, placing warnings or…

Question Two Risk in the widest sense is not new to business. All companies are exposed to traditional business risks: earmings go up and down as a result of such things as changes in the business environment, in the nature of competition, in production technologies, and in factors affecting suppliers. The issue of risk has captured considerable attention from corporate management in recent years, as financial risk management has become a critical corporate activity. Regulators have also responded with new legislation, regulations, and practices that seek to improve corporate govemance standards. Required: Some in the academic world contend that corporate risk management is a zero-sum game. Discuss.

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Case Study: Auditing in the Era of Big Data Introduction: The advent of big data has revolutionized various industries, including auditing. This case study explores how a global audit firm, Datalnsight Auditors, navigated the challenges and opportunities presented by big data in the auditing process. Context: Datalnsight Auditors recognized the potential of leveraging big data to enhance the effectiveness and efficiency of their audit procedures. The firm was engaged in auditing a multinational e- commerce giant, E-Global Mart, known for its vast transactional data and intricate business operations. Step 1: Harnessing Big Data Analytics To capitalize on the vast amounts of data generated by E-Global Mart, DataInsight Auditors implemented advanced big data analytics tools. These tools enabled the auditors to analyze large datasets in real-time, identifying patterns, anomalies, and trends that traditional audit methods might overlook. The use of predictive analytics enhanced risk…

Question 10 Consider the following statements: 1. A mission statement addresses the question 'What do we want to achieve?" 2. Businesses often publish their strategic objectives. Are the above statements true or false? 1- false 2 - true O 1- true 2- false O 1- true 2 - true O 1- false 2 - false

Business 123 Introduction to Investment May I please have the solution for the following assignment? Thank you so much,

Chapter 9 on Decentralized Operations 1. What is the role of management to ensure that the true meaning of "decentralized" is realized?  2. What type of management or leadership is needed to help businesses continue to grow and flourish? Please watch this Ted Talk - How machine learning can teach us to build more effective teams by Drew Humphreys.  After viewing the video, share your thoughts on how you view decentralization of a business operations and the type of leadership that is necessary to ensure success, in all forms. https://www.ted.com/talks/drew_humphreys_how_machine_learning_can_teach_us_to_build_more_effective_teams