Tim M. and Timboon F. (2016)., Observed that, change is truly in the present business environment and, if done well, it can assist grow the business. Employees today can see change as an opportunity rather than a threat.
When one changes their staff duties, they need to be conscious of what they can be considered a reasonable change in the scope of their position and what they constitute a termination or redundancy if challenged. Reasonable changes are those that generally do not alter the essential position. Below are some examples of the unfair and fair job changes:-
• An administrative staff member who is inquired to undertake lunch coverage of the reception duties or learn current system could be taken to fall in the scope of an Office
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Auditor roles
According to CA Sanjay R. (2016)., The duties, roles and statutory responsibilities of the auditor basically require the following:
i. Duty to make certain inquiries. ii. Duty to make a report to the company on the accounts examined. iii. Duty to make a proclamation in terms of the provisions set. iv. Detection and prevention of frauds.
v. Duty of a substantial precision.
Code of corporate governance ensures the effectiveness of an audit is in the interests of stakeholders and stockholders and that is the reason why they are depending on auditor mostly. An auditor has the power to detect wrongdoings in the management and report on the company objectively. An independent auditor may play their roles effectively and maintain good governance. They can as well remove bias from the company’s financial reports. Though, on the availability and effectiveness of quality auditors, some say that East Asian auditors have insufficient expertise or the willingness to supply quality audits. There is also some concern that the auditors’ monitoring role can be in confrontation with their consulting activities with the client firms, an issue not unique in Asia. Also, the disciplinary mechanisms for the auditors may turn to be poor.
Big Data and changes in auditor roles in the past
Ruby S. (2015).,Argued that, in today’s business environment is characterized by the constant disruption, uncertainty and slow
Change happens in a business environment for a variety of reasons. Those reasons depend on both internal and external factors.
Change is inevitable. Changing is not always welcomed but it is necessary for organizations to maintain their place in the world. Successful organizations thrive because they have a vision, a mission
According to the Public Company Accounting Oversight Board (PCAOB), The primary objective and responsibilities of auditor is to express an opinion on the fairness with which all financial statement including all of its (material aspects, financial position, the result of the company operation and its overall level of cash flows) AU Suction 110. Thus, what this means is that auditor must be fully independent and must be fully able and willing to apply professional judgment as it relates to the audit engagement under consideration.
It highlights the importance of auditors applying sensitive and ethical judgments in all their engagements. Members have the responsibility to collaborate with each other to improve the art of accounting, as well as to maintain the public’s confidence. The auditor’s responsibilities are essential to an effective audit process because through planning, auditors should to communicate with each other, be very organized and discuss what and how to do things in order to serve the public. One of the most important parts in auditing is planning, for that reason responsibility is a must.
Organizational change is difficult, although necessary to support growth and excellence in the market place. The concept of change can have negative connotations among employees, especially if change implementations have not been successful in the past. This paper is going to describe the need for change, barriers to change, factors that might influence change, readiness for change, the theoretical change model that relates to the change, and resources that support change implementation.
When a change needs to take place, top management must foresee and do something about it before it is needed; this is a leader’s most critical competency. The growth of a company is predicated on transformation at least several times throughout the lifespan of the business. The change will not happen overnight; therefore, an appropriate pace is necessary, not too fast and not too slow. The leadership team must be meticulous, and simultaneously, the employees must be well-prepared for change. Indeed, the changes must be well thought out to provide stable contingencies (Gleeson, 2016).
The auditor is expected to give a qualified opinion in relation to the financial statements of the company. They are supposed to disclose any fraud and who the individuals are committing the fraud. Ernst & Young specific warnings about fraud in the Health Source and failed to bring it to light they was professional negligence on their
Currently I hold a client porter position, which is an excellent job, but I am intent on building a career utilizing my skills and talents in new and more challenging ways working as a unit clerk in the emergency room department at the Pasqua Hospital. Unexpectedly, the unit clerk position came into focus for me during an ordinary day when I had the opportunity to learn that the unit clerk, who inspired me to choose the office assistant career, is an integral part of the emergency department. The pivotal event began when a man approached the admitting desk and collapsed. With a code blue called on the unidentified patient, the entire department ignited into action. While the doctors’ and nurses’ concentration was solely on the needs of the
Change is inevitable in this world, how we handle it is what makes the difference. While most agree that change is typically a challenging issue for an organization it does not mean that is can not be accomplished with little to no upset. Be it a simple change or a major project there are strategies that can be used to make the change a positive experience for both sides of the change; but first an understanding of resistance to change must occur.
Organizational change is not easy, but is an integral component that often allows the company and its employees to be prosperous. There are many ways to approach organizational change. Some are scientific theories like those stated in Organizational Behavior and Management (John Ivancevich) while others like John P. Kotter in “The Heart of Change,” believe it is just getting to the heart of your employees. If an organization today wants to be successful, they must understand why change is resisted and determine how to create a process to overcome this resistance
Week 3, the lecture on Managing Change describes organizational changes that occur when a company makes a shift from its current state to some preferred future state. Managing organizational change is the process of planning and implementing change in organizations in such a way as to decrease employee resistance and cost to the organization while concurrently expanding the effectiveness of the change effort. Today's business environment requires companies to undergo changes almost constantly if they are to remain competitive. Students of organizational change identify areas of change in order to analyze them. A manager trying to implement a change, no matter how small, should expect to encounter some resistance from within the organization.
According to AU-C Section 240 paragraph .05, when conducting an audit in accordance with GAAS, an auditor is responsible for obtaining reasonable assurance that the financial statements are free from material misstatement due to error or fraud (2012, December 15). To obtain reasonable assurance, the auditor is responsible for maintaining professional skepticism, considering management’s ability to override controls, and recognizing that audit procedures for detecting error may not be effective in detecting fraud according to paragraph .08 (2012, December
For the last eight months I have been a student-employee at the Finch-Henry Job Corps Center in Batesville, Mississippi. Job Corps is a residential training facility funded by the United States Department of Labor and operated by MINACT, Inc. I enrolled in the program to achieve my high school diploma and skills that would help me get a good paying job. There are eight vocational trades offered at Finch-Henry. I choose the Office Assistant program because I thought it was best fit for long term goals.
First let’s look at defining change and the complexities that exist associated with it. As defined by Small Business Chron, “organization change is about
Change is an ever present feature in the life of an organization. Change can happen in any forms and sizes, with the aim that it will positively benefit an organization.