Target Diversity Target s Diversity Initiative - 754 Words

Target s Diversity Initiative Diversity is becoming a more increasing and ever changing dynamic to the business environment. Organizations can either embrace and grow with diversity or be left behind and die out. One of the organizations that is growing with diversity is Target. This paper will look at Target in depth on what they are doing right and wrong, what makes them a leader in diversity, and what leadership is doing to encourage diversity. Background Founded in 1902, Target has been continually growing and expanding their organization. With their growth, Target has opened multiple stores and began to give back to the community as soon as financially responsible (Target, 2015). Their main goal has always been to improve the community and grow with the changes. History Target was founded in 1902 first named Dayton Dry Goods Company by founder George D. Dayton (Target, 2015). After a lot of expansion and growth, Dayton Dry Goods was renamed to Target in 1961 after a mass marketing move to cater to value-oriented shoppers that wanted high quality items. In 1962, the Target bullseye symbol was adopted (Target, 2015). Over the years Target began to expand and grow throughout the entire United States. In 1983, Target was recognized for their community involvement (Target, 2015). Target has grown with technology as being the first mass merchandiser in 1983 to implement UPC scanning in their stores and distributors. In support of education, TargetShow MoreRelatedTypes Of Diversity Protected Under Federal Laws886 Words   |  4 Pages Types of Diversity There are six main categories of diversity protected under federal laws. They are gender, age, race/ethnicity, religion, sexual orientation, and disabilities. Each diversity brings something new and different to an organization s culture. Gender Gender diversity is the proportion of women to men in any particular workplace or team (gender diversity). It can range from a department to the board of directors. Women bring trustworthiness and legitimacy to work teams (genderRead MoreTarget Corporation Practices Support Social Responsibility945 Words   |  4 PagesTarget Corporation practices support social responsibility statement Target Corporation s social responsibly commitment area for the employees, customer and communities are creating positive shopping experience, making Target Corporation a great place to work, and support the community. Positive experience includes selling clean natural products and organic and sustainable product better for human beings. The â€Å"Simply Balanced† is certified organic food that will not contain harmful Tran-Fats orRead MoreGlobal Diversity Management at Ericsson1598 Words   |  7 PagesIntroduction In response to the growing diversity in the workforce around the world, many companies have instituted specific policies and programs to enhance recruitment, inclusion, promotion, and retention of employees who are different from the privileged echelons of society. The privileged groups may vary from one country to the next. The workforce of the world is a dynamic environment, and in order for this dynamism to be put to use for the benefit of organizations, they must develop an effectiveRead MoreThe International Journal Of Intercultural Relations1530 Words   |  7 Pageslies the crux of the problem. Racism is such a complex societal issue that there is no single answer. According to a study published in the International Journal of Intercultural Relations: â€Å"A more complex view of racial attitudes may strengthen diversity training programs, especially those aimed at education, which assumes that ignorance (alone) is the root of most intolerance. The fact that different factors clearly exist, whether one accepts the present structure or one of the others establishedRead MoreThe Diversity And Cultural Diversity Management1634 Words   |  7 PagesïÆ'Ëœ Which advantages do Cultural Diversity and Cultural Diversity Management have ? The complexity of the current economic climate demands creative and innovative business approaches and presents the opportunity for growth in developing markets by addressing unexpected or counter-intuitive consumer needs. Shifting demographics, increasing purchasing power of non-traditional segments and a trend towards customization present a compelling case for viewing MasterCard’s business efforts through a diverseRead MoreWhat Success Will Look Like755 Words   |  4 Pagescompliant with permits - Frequency of service interruptions attended within target timeframes - Attendance, restoration of service interruptions are within target timeframes - Extensions and connections to the two services are within target timeframes - All relevant operations are compliant with Environment Protection Authority licenses - Renewable energy targets are in line with the Climate Change Sector Agreement Key initiatives that support our strategies: - Infrastructure operation - ElectricityRead MoreI Joined Nextgen Information Services, Inc.870 Words   |  4 Pagespromotions to establish â€Å"The New NextGen.† With a consistent and coexistent message we began unfolding layers of activity. We began by creating a new look mirroring the energetic NextGen corporate office and culture. A strategic plan was constructed to target new clients with a formalized approach, generate leads, gain new business and to keep existing clients engaged. Collateral materials were created to support the sales team. Advertising and Public Relation campaigns were launched to build name recognitionRead MoreHershey Scorecard1507 Words   |  7 Pagesagainst the goals published in our 2009 CSR Report as well as against newer targets established to further advance our priorities. Within this scorecard, we use the following to indicate our progress: ââ€" Ã¢â€"  ââ€" Ã¢â€"  ââ€" Ã¢â€"  ââ€"  ââ€" Ã¢â€"  Achieved. We have met the target within or ahead of the time frame specified. On track. We expect to achieve the target within the time frame specified. Under development. We are working to further define this target. Needs improvement. We have made some progress but either lack sufficientRead MoreMarketing Analysis : Issaquah Philharmonic Orchestra1558 Words   |  7 Pagesroles and responsibilities, shared leadership, effective external relations, style diversity, and self-assessment, while high-performance teams are created through participative and shared leadership, alignment on purpose, effective communication, future-orientation, task-focus, creative talents, and rapid response. In addition, some industry articles suggested the following criteria for effective teams: diversity, clear goal, effective communication, trust, ownership, job competencies, leadershipRead MoreMarketing Analysis : Issaquah Philharmonic Orchestra1546 Words   |  7 Pagesroles and responsibilities, sh ared leadership, effective external relations, style diversity, and self-assessment, while high-performance teams are created through participative and shared leadership, alignment on purpose, effective communication, future-orientation, task-focus, creative talents, and rapid response. In addition, some industry articles suggested the following criteria for effective teams: diversity, clear goal, effective communication, trust, ownership, job competencies, leadership

The Black Panther Party Essay - 813 Words

The Black Panthers aren’t talked about much. The Panthers had made a huge difference in the civil rights movement. They were not just a Black KKK. They helped revolutionize the thought of African Americans in the U.S. nbsp;nbsp;nbsp;nbsp;nbsp;The Black Panther had a huge background of history, goals, and beliefs. Huey P. Newton and Bobby Seale in Oakland, Ca 1966, founded the Panthers. They were originally as an African American self defense force and were highly influenced by Malcolm X’s ideas. They were named after Lowndes County Freedom Organization or LCFO. The Panthers had many goals like; giving back to the ghetto, protecting blacks from police brutality, and to help blacks get freedom and jobs. They also had many beliefs like;†¦show more content†¦This made it a lot easier to achieve their goals. nbsp;nbsp;nbsp;nbsp;nbsp; There were many events in the Black Panther Party wither many people that did them. Here are some of them. In 1968 Bobby Seale was charged with inciting riots during a Democratic Party National Convention. While in prison Seale was also charged with the murder of Alex Rackley, a former police officer. The trial was held on May 25th, 1971, but left with a hung jury. The judge ordered all charges to be dropped. Stokely Carmichael was also important to the Panthers. Carmichael was arrested 35 times for his part in the civil rights movement, and eventually left the U.S. for an African country called Guinea. In 69’ Carmichael resigned from The Black Panthers. Huey Newton also had a big impact on the civil rights movement. On October 28th 1967 Huey P. Newton was charged with killing a cop while he was currently in the hospital suffering from a wound. A year went by and it was finally certain that Newton is guilty of involuntary manslaughter. When released B obby Seale and Huey renounced political violence. By now The Panthers had made a huge impact on the civil rights movement, here are some of the things they did. The Panthers helped many blacks with self-defense. They had taught kids to defend themselves against the whites. They also convinced kids that violence getsShow MoreRelatedThe Black Of Black Panther Party1314 Words   |  6 PagesThe Black Panther Party did this through many different ways such as food banks, newspapers, free food and clothing. Led by many influential and powerful people, such as Martin L. King, Bobby Seale , and Huey Newton. Even though the Black Panthers were considered radical because of their use of force to protect the African American communities, their actions were just because their goals were to receive equal rights and opportunities as the white community had obtained. The Black Panther Party membersRead MoreThe Black Panther Party711 Words   |  3 PagesNext, the Black Panther Party provided a variety of social services and programs designed to meet the needs of the black community. Often times overlooked, these services have been virtually absent in the mainstream media’s coverage of the Panthers. Often times â€Å"the government’s myopic perception of the party as a glorified street gang, clouded substantial analysis of their social programs by outside observers† (Kirby). The Panthers were known to offer a â€Å"wide range of health and social servicesRead MoreBlack Panthers. The Black Panther Is A Group Or A Party1007 Words   |  5 PagesBlack Panthers The Black Panther is a group or a party of African Americans that was formed to protect blacks from the white law enforcement. Established in 1966 by Huey Newton and Bobby Seale. The two leading revolutionary men created the national organization as a way to collectively combat white oppression. Dr Huey Percy Newton (February 17 1942-August 22, 1989) was born in Monroe, Louisiana. He was the youngest of seven children of Armelia Johnson and Walter Newton, a sharecropper and BaptistRead MoreEssay on Black Panther Party2252 Words   |  10 PagesFounded on October 15th 1966 in Oakland, California, the Black Panther Party for Self Defense was an organization opposed to police brutality against the black community. The Party’s political origins were in Maoism, Marxism, and the radical militant ideals of Malcolm X and Che Guevara. From the doctrines of Maoism they saw the role of their Party as the frontline of the revolution and worked to establish a unified alliance, while from Marxism they addressed the capitalist economic system, and exemplifiedRead MoreThe Black Panther Party : A Revolutionary Party Essay2152 Words   |  9 PagesThe Black Panther Party was a revolutionary party that was for the encroachment and prolongation of the Black community and the freedom of their social and economic rights that come with finally being recognized as first class citizens. The head of this revolution, Huey P. Newton, started the party along with Bobby Seale in order to set the path for the Black people to follow, even long after they pass. The constant struggle for social and economic freedom among the Black community would soon endRead MoreThe Black Panther Party Essay1064 Words   |  5 PagesBlack Panther Party â€Å"We knew, as a revolutionary vanguard, repression would be the reaction of our oppressors, but we recognized that the task of the revolutionist is difficult and his life is short. We were prepared then, as we are now, to give our all in the interest of oppressed people† (Baggins). Radical and provocative, the 60’s was an era of complete political and social upheaval. Although the Civil Rights Act of 1964 had banned the discrimination of people based on race, color, religionRead MoreThe Impact Of The Black Panther Party 1156 Words   |  5 PagesNick Smith J. Buergel Civil Rights 5/11/16 The impact of â€Å"The Black Panther Party† â€Å"We knew, as a revolutionary vanguard, repression would be the reaction of our oppressors, but we recognized that the task of the revolutionist is difficult and his life is short. We were prepared then, as we are now, to give our all in the interest of oppressed people† (Baggins). Radical and provocative, the 60’s was an era of complete political and social upheaval. Although the Civil Rights Act of 1964Read MoreThe Black Panther Party Formed1313 Words   |  6 Pages The Black Panther Party formed as a result of Black Nationalism which came from a multitude of events that began to form decades before any mention of The Black Panther Party. To even begin to understand a group such as this, one must first attempt to grasp the historical context which lies behind them. Blake (1969) asserts that the initial onset began back in 1619 when the first of the colonial settlers accepted a number of captured Africans which were to be used as servants leading to the period Read More Black Panther Party Essay1538 Words   |  7 Pages The Black Panther Party My survey paper for Assignment 4 is on the Black Panther Party. I will discuss the rise and the fall of the Black Panther Party and how Huey Newton and Bobby Seale met. I will also discuss some of the goals of the Black Panther Party, the good the party did for the black and poor communities. I will also discuss what they hoped to achieve from their movement. Huey Newton and Bobby Seale founded the Black Panther Party (BPP) in Oakland, California in 1966. The originalRead MoreEssay on The Black Panther Party1549 Words   |  7 Pagesagency in order to be free? If we can free ourselves, what type of agency is used? nbsp;nbsp;nbsp;nbsp;nbsp;These questions are the basis for my paper. I plan to present examples of control and oppression through the film Panther that shows the struggle of the Black Panther Party of Self-Defense. The film takes place in the 1960s and it shows the struggles that the members had to go through in order to form some type of agency to free themselves from the control and oppression that the government

Auditing and Assurance Australian Auditing Standard

Question: Discuss about theAuditing and Assurancefor Australian Auditing Standard. Answer: Introduction There exists a risk that an Auditor can express an inappropriate opinion based on the financial statement of the entity this is known as Audit risk. The Australian Auditing Standard (ASA) 200 in Para 32 states that audit risk is the accumulation of risk due to material misstatement and detection risk. In Para 34 of the same standard it is stated that the material misstatement exist at the two levels the first is at the overall financial reporting level and second risk is of ascertaining the classes of transaction, disclosures and account balances. The Auditing Standard ASA 315 requires that the auditor should perform risk assessment procedure in order to identify the risk of material misstatement. In the given case awesome fitness, Limited is engaged in the business of distributing gym equipments in Australia. The majority sales of the business are in cash. The fitness centre is planning to expand its business and for that purpose, it has applied for the loan in the bank. The unaudited figures of the financial statement showed that the revenue has increase by 20% and Gross profit by 5%. The accountant of the fitness centre adopts an aggressive accounting practice in order to show an inflated figure of the financial information as required by the management. In the given case, there is a risk of material misstatement because the accountant of the fitness centre has violated the fundamental ethical principle of objectivity. The fundamental principle of objectivity requires that the decision and work of the accountant should not be affected by the external circumstances (Carlon et al. 2015). In this case, accountant adopted an aggressive policy to make the financial statement pre sented in a manner as required by the clients. Therefore, it can be said that the situation is risky because the accountant may provided inflated figures so that the financial statement are prepared as per the requirement of the client. The aggressive accounting practice of the accountant of awesome fitness centre affects the overall financial statement and different accounts. The financial statement is prepared with the aim not to provide the correct accounting information but to meet the expectation of the client. This accounting practice has impact on the different accounts of the fitness centre. The aggressive financial practice has resulted in 20% increase in revenue from the previous year. This increase in revenue means the sales account has been affected. The sales has been overstated to show to the bank that the awesome fitness limited has a growing and expanding business so that loan can be granted to the awesome fitness limited. The case also states that there is only 5% increase in profit. The increase in profit increases the tax liability therefore top reduce the tax liability the cost is also overstated. The accounts that are affected by this aggressive accounting practice of the awesome fitness centers are sales account and direct expenses account. This also has affect in the tax liability of the company. The audit risk of material misstatement will affect the auditing procedure undertaken by the auditor. The planning of audit requires establishing an overall audit strategy and development of an audit plan as per the Auditing standard ASA 300, in Para 2. The audit planning helps the auditor to provide appropriate attention to the important areas. The proper audit planning is also helpful in resolving problems in a timely manner. It also helps the auditor to manage and organize audit engagement so that the audit functions could be performed in an effective and efficient manner. An appropriate audit plan also involves selection of appropriate members of the audit team so that they can respond to the audit risk in a proper manner. In this case, the audit risk is material misstatement of revenue accounts and the direct cost account. This audit risk will affect the overall audit plan of the auditor. The audit procedures are useful for testing the financial statement assertions. In order to address the specific audit risk of this case it is important that the address perform the specific audit procedures for verifying the sales and the cost figures. In order to verify the sales figures the auditor should check the bills raised by the client and in case of cash sales, whether cash has been received. The movement of inventory should be appropriately tracked to establish that the transaction and event has actually occurred. This movement of inventory can be tracked by choosing few sales through sampling technique and then tracking back to their sources. This audit procedure will help to identify whether the increased sales shown in the account is actual. The auditor should also perform the other audit procedures to identify the costs that have been overstated. The auditor in this case should following the vouching procedure. The auditor should check the bills and verify the expenses using other audit procedure to establish that the expenses made are actual and pertain to the audit period. The Audit risk is the aggregate of risk of material misstatement and detection risk. In this case Super Tech limited is engaged in the manufacturing of the hardware. The company has adopted a new costing system for its cost sensitive product. Others have utilized this system in the industry but super Tech limited has not verified the adequacy and inherent risk of the system. The staffs and employee of the company are not confident about the new system, as they are not adequately trained. One of the competitors of the company has also introduced a product that is superior to the current of the company therefore increasing its competition. The control risk is the risk of material misstatement in the financial statement of the entity due to absence of the relevant controls within the entity. In this, the company has not verified the control within the system. The organization should have adequate internal control system to detect and then prevent the cases of fraud and error. If an enti ty does not have appropriate internal control system in place to prevent fraud and error in the financial statement then it is control risk. In case of small entities the control risks are higher than in large entities. In this case, the risk is that the company has not tested the adequacy and the control risk of the new system. The staff and employee of the company has not been adequately trained to adopt the new system so there is a risk that the staffs will not be able to implement the new system properly. The competition faced by the company has also increased by the launch of new advanced technological product by its competitors. This technological advancement may force the staffs and employees of the company to adopt the new technology without properly understanding and assessing its implications. The adoption of new technology in the process without proper training of its employees and staff members will affect the operation of the business. Due to inadequate training, there will be inefficient utilization of capabilities and resources under this system. This inefficient utilization and lack of training will affect the operation cost of this system. The analysis of the operating cost of the system provides an overview of the efficiency and effectiveness of the operation of the entity. The investors and lenders therefore analyze the operating costs of the company before making the investment and lending decisions. The profit of the company is also affect by the operating costs. The inefficient operation will increase operating costs and thereby decrease profit. On the other hand, the efficient operation will decrease the operating costs and increase the profit. The operating cost therefore affects the accounts of cost and profit. The new technological advancement of the compet itors would force the company and its employees to hide its lack of knowledge of the new system (Lye et al. 2014). The increased operating costs will reflect the inefficiency in operations so there is a possibility that the operating costs will be understated to provide a healthy positive picture to the investors and lenders. The audit plans are affected by the assessment of risk. In this, case there is a risk that the inefficiencies in the operations will be hidden by reducing the operating costs. This assessment of risk requires that the audit plan made for verifying the cost should be of adequate details. Therefore, the auditor should undertake substantive audit procedure. The substantive audit procedure helps the auditor in obtaining sufficient and appropriate audit evidence to support the audit assertions. The substantive audit procedure helps the auditor to identify the material misstatement in the accounts. The substantive procedure includes examination of journal entries, testing the classes of transactions and checking of the financial statement with the notes to accounts. The substantive audit procedures are included in the audit plan. In this case, in order to identify if the operating costs are understated, it is important to perform vouching of all the important transactions related to the op erations. The selection of transactions should be based on random sampling basis in order to avoid biases and for obtaining an objective result. Then after obtaining the understanding about the adequacy of transaction, it is important to compare the actual results of the operation with the budgeted result. This comparison would help the auditor to identify the inefficiencies in the operation. In this, case the Coolworths is a growing super market chain in Australia. The business of the company has grown and expanded over the years as a result the financial director pro[posed an internal audit department of the company. The other members of the company are not aware of the benefit so they are not interested in the proposal. The Chief executive officer of the company does not agree with the proposal for setting up of an internal audit departments and believes that the funds could be better used for expansion. The internal audit is important for an organization because it offers the following benefits to the organization: It helps to keep the employees alert about their work performed as the functions are verified by the internal audit department. This helps in timely detection of errors and frauds so the management could take the corrective actions in appropriate time. It helps to check and improve the efficiency of the staff of the organization. The internal audit is helpful in detecting errors and frauds in the books of accounts in an early stage. As the performances are evaluated, so the moral of an honest employee improves by this process. The importance of internal audit is therefore unparallel for efficient and effective operation of the business. In this case, the senior executive does not see any advantages of the internal audit this gives rise to risk of error and fraud (Carson et al. 2013). The internal audit would be helpful in detecting error and fraud so the absence of the department will increase the risk of material misstatement. The internal audit department is not mandatory for an organization. It provides certain additional advantages to the organization so that the management can improve the functioning of an enterprise. The internal audit department becomes particularly important for organization that has large and scattered operation. In such cases, it is important that in order to maintain the efficiency and effectiveness of the business an overview of the system is necessary. The absence of an internal audit department in a large organization can lead to misstatement and omission at the multiple levels. This could result in overstatement and understatement of profit and cost. Therefore, in this case there is a risk of material misstatement in the financial accounts of the company. The risk of material misstatement will affect the audit plan of the auditor. If there had been an internal audit department of the organization then the external auditor would not be required to perform the extensive audit procedure. It is because the internal audit will verify the authenticity of the of the financial transactions, it conforms the balances of liabilities that have been incurred by the organization, it facilitates the early detection of fraud and error. The internal audit is useful for establishing an efficient administration of operations (Contessotto and Moroney 2014). This function of the internal audit department reduces the risk level as a result the audit procedure performed also becomes less extensive. It is to be noted that it is the responsibility of the management to provide the financial information and it is the responsibility of the external auditor to provide opinion on the truth and fairness of that information. The internal audit does not dissolve the responsibility of the external auditor. The only function it does is that internal audit provides sufficient checks and balances so that auditor could avoid time consuming in depth extensive procedures. In this case, as there is no internal audit department so the auditor is required to perform detailed audit procedure. Reference Carlon, S., McAlpine-Mladenovic, R., Palm, C., Mitrione, L., Kirk, N. and Wong, L., 2015.Financial Accounting: Reporting, Analysis and Decision Making. John Wiley and Sons Australia. Carson, E., Simnett, R. and Vanstraelen, A., 2013, September. Auditing the auditors: An international analysis of the effectiveness of national inspection regimes on audit quality. InThe University of Auckland Business School Seminar. Contessotto, C. and Moroney, R., 2014. The association between audit committee effectiveness and audit risk.Accounting Finance,54(2), pp.393-418. Lye, J., Dunn, L., Kenny, J., Lehmann, J., Kron, T., Oliver, C., Butler, D., Alves, A., Johnston, P., Franich, R. and Williams, I., 2014. Remote auditing of radiotherapy facilities using optically stimulated luminescence dosimeters.Medical physics,41(3), p.032102.

Termination Risk and Multiple Exercises †Free Samples to Students

Question: Discuss about the Termination Risk and Multiple Exercises. Answer: Introduction: This assignment represents how an auditor digs in to the financial statements of the company to extract crucial information regarding the operational efficiency of the company and also the possible anomalies that are taking place in to the activities of the company(Christensen et al.,2012). In this assignment an audit report has been prepared to identify the accounting accuracy with respect to the major items of the financial statements in order understand the financial health of the company and also to identify the areas where possible fraud can happen. DIPL-Ratio analysis year 2013 2014 2015 Printing Industry bench mark ratios (Gleeson, 2017) Comments Items Current Assets 5385938 7509150 9600929 Current Liability 3780000 5120250 6397500 Gross Profit 6004500 6079500 6604500 Net sales 34212000 37699500 43459500 Income from operating activities 6780000 7230000 8308088 Net income before interest and tax 3454650 3357037 3867337 Net Assets 9150000 10783650 12250491 Debt 7500000 Equity 9150000 10783650 12250491 Interest expense 84379 83663 808038 Ratios liquidity ratio current ratio[current asset /current liability] 1.424851 1.466559 1.500731 1.53-1 On an average the DIPL has 1.4 units of current assets for paying 1 unit of current liability, but the industry standard requires that a business in printing industry should have 1.53 units of current assets for each units of current liability(Higgins, 2012) Profitability ratio Gross Profit Margin[gross profit/net sales] 18% 16% 15% Gross profit earned out of every dollar of revenue is declining over time Operating Profit Margin[operating profit/net sales] 20% 19% 19% 15.63% Though the operating profit earning out of every dollar declining over time, but still it is above the industry standard Return on Asset[Net income /total asset] 38% 31% 32% percentage of income generated out of total asset declining over time Capital structure ratio Debt/Equity 0 0 0.61222 2.4-1 There was no presence of the interest bearing liabilities in 2013,2014,In 2015 some amount of interest bearing liabilities has been generated Debt /Asset ratio 0 0 0.61222 The interest bearing liabilities are not recognized as debt ,Therefore DIPL appears as a company that only runs on equity capital Debt servicing ratios Interest coverage ratio[EBIT/Interest expenses] 40.94206 40.12571 4.786083 ratio declined drastically in 2015,implies sudden huge increase in the debt burden of the company has increased suddenly Table-1: DIPL-Ratio analysis The key findings that are extracted from the above ratio analysis are as follows: The current ratio of the company has increased from 1.4 to 1.5 during the period 2013-2015.But the current ratio of the company is still below the benchmark ratio of the global printing industry. The gross profit margin ratio of the company has declined from 18% to 15% during the period 2013-2015.This indicates that the gross profit generation capacity out of the sales revenue earned is declining over period for the business. This indicates that the cost of goods sold by the company is increasing over time The operating profit margin ratio of the business has declined from 20% in 2013 to 19% in 2015.This indicates a deteoriation in the operational efficiency of the company. However the ratio of the business is still better with respect to the bench mark ratio of the global printing industry (15.63%). The Return on Asset Ratio has declined from 38 %( 2013) to 32 %( 2015); this describes that the income generation capacity out of the total asset has declined steadily for the company over years(Costello, 2011) The debt-equity ratio and the debt-asset ratio of the company describes that up to 2014 DIPL was a solely equity based company. In 2015 the company has acquired huge amount of interest bearing loan probably due to reduced capacity of generating profit income from assets in possession and sales revenue earned by the company(McCue and Nayar, 2009). The interest coverage ratio describes that it has reduced drastically from 40.94(2013) to 4.8(2015) as the company borrowed huge amount of loan in 2015.This indicates the weak strength of the current operating income of the company for servicing the interest bearing liabilities of the company. Impact of crucial financial information over financial planning: The holding of liquid asset of the company should be enhanced and new investments will be done in such a way so that the business is left with sufficient liquid assets that can be readily converted in to cash for repaying the shorter liabilities that are to be paid within one year from 30th June,2015 The business should work on enhancing the operational efficiency of the company as well as the work force before going in to any new venture. Any new investment decisions should be taken while considering the fact that business has bear the burden of a loan of 7.5 million for which they have to maintain a strong current ratio of 1.5 The company should strengthen their debt collection mechanism so that the provision of doubtful debt can be reduced to a great extent and the revenue earning mechanism of the company can be enhanced substantially. In order to bring transparency inventory should be valued on FIFO basis as it is revealed in the auditors note that there is much volatility in the current method of inventory valuation. To avoid any kind of fraudulent activity and to ensure compliance with the applicable accounting standard revenue earned from sale of E-book will be recognized as per the stage of completion Inherent risk factors associated with the business operation of DIPL: DIPL is generally involved in printing of books, magazines and advertising materials that are ordered by the clients who are mainly from the publishing, educational and advertising industries. Once the order is placed and confirmed by the client, then the accounts department of DIPL check the credit record of the client and if there is no problem then the business has to deliver the job within the predefined time limit given by the client. The time with in which the publishing job has to be completed often appears to be quiet short and any failure in delivering the job on time or a delivery of an erroneous job will be considered as a breach of trust or fraud on behalf of the ordering client for which DIPL may lose the business reputation or may end up paying heavy financial penalty(Bushman and Williams, 2012). Thus there appears a high risk of failure if DIPL accepts a publishing order without making the proper calculation regarding whether the available resources are sufficient for completing the ordered job in time or not. The impact of this risk is that if an order is cancelled then the business will not only lose their reputation but there is a huge scope of material misstatement. Because when a certain amount of resources are sanctioned for an order, on cancellation of the order those partially unutilized resources may wrongfully will not be accounted with respect to the inventory and this will lead to erroneous valuation of inventory as well as mis-statement of asset in the balance sheet. More over if the cancellation of order is not recorded properly then there lies a possibility that the cancelled order may worn fully be included under credit sales which may inflate the revenue earning of the company Valuation of raw materials inventories at an average cost is another risk factor inherent to the nature of operation of DIPL.DIPL is involved in a business where it is essential that predefined jobs are to be completed with a in the limited time. Therefore in order to maintain an undisturbed production process it is essential that the business should keep up-to-date their required stock of inventories and should also keep a tap on the required cost of purchasing the inventories that accounts the maximum share of the total expense made by the business. But if the inventories are valued at average cost when the actual cost of inventories are much below the average cost then such valuation will lead to wrong estimation regarding the expenditure that has actually been incurred for acquiring the inventories(Leung and Sircar, 2009). Thus miscalculation of inventory acquiring cost is a huge risk in itself as it can lead the business to operate out of budget at any point of time especially w hen huge orders are placed to the business. The impact of this risk is that there is a possibility of erroneous recording of expenditure amount under the head of inventory purchase in the profit and loss statement and possible error may also take place in case of recording the amount with respect to the cost of goods sold in the balance sheet. Thus this risk may lead to the above mentioned material misstatements in the financial statements as well as financial reports. Identification of the two key fraud risk factors: Fraud Risk Factor-1 Year 2013 2014 2015 Accounts Receivables 2482500 4320000 5073309 Account Receivable (As stated by auditor) 2647500 453000 5313309 Gap 165000 -3867000 240000 Inventories 2256188 2671362 4180500 Inventory (As stated by auditor) 2362500 2797238 4180500 Gap 106312 125876 0 The above table-2, describes that there is a substantial difference between the numerical values that has been stated in the financial statements the statements made by the auditor after making the financial audits(Jans et al.,2010). In 2013 the balance sheet of the business reported the amount of accounts receivable by 165000 units less compared to what stated by the auditor. In 2014 the balance sheet reported the amounts of accounts receivable by an amount which is higher than the respective statement of the auditor by an amount of 38, 67,000.Again in 2015 the balance sheet accounts statement with respect to the accounts receivable is lesser by an amount of 2, 40,000 with respect to what has been stated by the auditor. Thus it can be seen that in each year from 2013-2015 there is an anomaly with respect to the amount that has been reported against the head accounts receivable as per balance sheet and as per the audited amount as presented by the auditor. Therefore it should be suspected that DIPL is susceptible to the fraudulent accounting as risk identified by the differences in the report of balance sheet and the report of the auditor with respect to Accounts receivable. Again discrepancy can be observed with respect to the amount reported against inventory in the balance sheet and the amount reported by the auditor. In 2013 the balance sheet amount of inventory is less by an amount of 1, 06,312 compared to what stated by the auditor, in 2014 the balance sheet amount of inventors is less by an amount of 125876 compared to that of auditor. However in 2015 both the reported amounts with respect to the auditor as well as balance sheet match for inventory(Norman et al.,2010). Therefore it should be suspected that DIPL is susceptible to the fraudulent accounting risk as identified by the differences in the report of balance sheet and the report of the auditor with respect to Accounts receivable and inventory. The above inspection reveals a crucial fact that the accounting discrepancy or inaccurate accounting has taken place almost each year under consideration [2013-2014] with respect to the two most important items of the balance sheet namely Accounts receivable and inventory. When an accounting error with respect a particular item is repeated each year then it should be considered as an act of deliberate error or fraud and therefore it can be said that DIPL is exposed to accounting fraud risk and the management of the business should take some preventive measures for protecting the company from such risk. Another major misstatement can be observed in the balance sheet with respect to the description of the capital structure i the year 2015.As per the finance information of the business in 2015 DIPL take an interest bearing loan of 7.5million from BDO Finance Ltd but still the balance sheet of the company represented the entire asset of the company in the form of equity. This can be considered as deliberate act of omission or fraud which has been done to show that IDPL is a financially healthy company and can efficiently run without taking any interest bearing loan(Brazel et al.,2009). This risk has been identified while ratio analysis has been done and both values of debt-equity ratio and debt-asset ratio appear to be same [0.61] for the year 2015.Thus it can be seen that DIPL is exposed to fraud risk of misrepresentation of capital structure which is often done to attract the investors by concealing the real financial condition of the business. Impact of the risk factor over Audit: Identification of these possible fraud risk factors will make the audit process more detailed and stringent. As presence of any fraud will do long term harm to the business.Thus now it is recommended that a further deep audit should be conducted for identifying the other operational malfunctions that may have taken place in the business and thus hampering the financial performance of the business(Soh et al.,2011). Conclusion: The above assignment describes a deeper analysis of the financial statements as made by the auditor can catch every progress or deteoriation in the financial health of the company as described above. The ratio analysis reveals that the declining gross profit as well as operating profit generating efficiency of the business out of the sales revenue earned when the company is moving from 2013 to 2015(Hodgdon et al., 2009).The ratio analysis also reveals that the business is exposed to the risk of misrepresentation of capital structure in terms of the financial statements so that investors consider this company as an attracting one for investment. In the context of the above revelation it can be recommended that rigorous corporate governance should be practiced by DIPL for protecting the business from the risk of the identified frauds and the same time new strategies will be formed for enhancing the operational efficiency of the company. 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