Personal Narrative The Sit Down - 1316 Words

THE SIT DOWN My mother would always feel the balmy summer air everywhere she went. In order to balance the heat she would drop the temperature low enough to see our breaths. I reached over for my wool blanket and made my way to the living room. My school supplies that I would take notes and read questions off of where waiting patiently with my step-dad. As I hear the creaky wood floor under the carpet I notice my step-dad sitting on the couch. I would be too if I was trying to get everything finalized to move into a new house. He examined the room like he s never sat in there and rubbed his palms like he was nervous to be there. He sat there in the dark and I realized I can t write with that lighting. I sat next to him only to hear my†¦show more content†¦At the time I could despise what I m doing but my mom is there to teach ne whether I like it or not. He didn’t realize that he appreciated what his mom did for him till he grew up. Whether it was something as small as learning to cook or a life lesson that could have drastically changed who he is today. Now its to late for him to say thank you but I don’t want it to be late for me to say thank you. BONDS WE MAKE WITH PEOPLE I think human interaction and having people are essential part of life. I already have family but there always going to help and love me. The bonds I create with people I m not related to is very important. Gebi made clear, I m slow to be friends for anyone, he paused to gather his thoughts, but once they are my friends I stick with them forever. The, I stick with them forever, hit me that I try to but sometimes don’t succeed. He talked about his friends all over the world because the minute he became friends he never drifted from them. He never stopped making an effort to talk to them. Sometimes I would take those people for granted. In Ethiopia I had friends that I grew up with since the 1st grade to the 6th grade. We were in contact for the first few summers when I left but it was always hard because if time zones. These were people who were in my life for six years. I ve only been at public school for one year and Maranatha for about four years. Still doesn t add up to the years I ve had with the people in Ethiopia. EvenShow MoreRelatedWalter Fishers Narrative Paradigm Analysis727 Words   |  3 PagesWalter Fisher created the narrative paradigm in 1984. Our book lists several communication theories under the heading of group and public communication; narrative paradigm is one of them. Fisher contends it is human nature to communicate using storytelling. Relating events in this manner helps us make decisions. Stories passed down from generation to generation teach the history and importance of culture or tradition. Stories allow people to relate to one another on a personal level, invoking understandingRead MoreWhat Should I Write About Your Personal Narrative Essay932 Words   |  4 Pagesbecomes necessary to type personal narratives, without so much as a hint of a topic, it can drive a student to some rather interesting conclusions. Some of these conclusions may be as simple as â€Å"Hmm, what should I write about?† Or perhaps more comp licated and â€Å"Great, it’s 2:00 A.M. the day the paper is due and I have nothing typed.† No matter the situation the creative thinking process can be greatly limited, thus I present to you the narrative of me typing my personal narrative essay. It began ratherRead MoreMy Story About My Father s Front Yard893 Words   |  4 PagesThis story is about how much I wanted to climb a tree that was in my grandfather’s front yard, this was an oak tree that stood about ten feet tall with limbs that was very high and one particular limb that was low enough and strong enough for me to sit and swing on. I would watch my uncle climb to the middle of the tree almost every afternoon when I come home from school. I would always ask him could I climb up and he would always say I could not, with my mother and grandmother echoing that same answerRead MoreThe Repression of Women in Victorian Society as Shown in 19th Century Literature843 Words   |  4 Pagesimage, showing them as gentle, loyal and angelic. They were rejected of any personal opinions or independence, for these were only a man’s privilege. Class and status also affected women of the era. Evidence for these and further repressions can be found in the short stories of 19th century writers. Charlotte Perkins Gilman wrote ‘The Yellow Wallpaper’, which relates partially to her own personal experiences as a woman under her husbands overwhelming influence. CharlesRead MoreInterpretive Conflict in Oral Narrative Research761 Words   |  3 PagesInterpretive Conflict in Oral Narrative Research Introduction In her essay Katherine Borland recounts her grandmothers remembrances forty-two years after a day at the harness races that was shared with Borland in a narrative that was, according to Borland, highly structured and thoroughly entertaining (Borland, 1998, p. 320). Borland, a folklorist, fascinated with the details that her grandmother had provided, saw the intergenerational transmission of a personal narrative as an opportunity to giveRead MoreThe Lone Ranger And Tonto Fistfight In Heaven, By Sherman Alexie826 Words   |  4 Pagesspecific word choice, personal determination, and by his return to his reservation). In the introduction to his literary narrative Alexie emphasizes his families poor situation. Alexie mentions that his family was â€Å"poor by most standards†¦ middle-class by reservation standards†, and â€Å"we lived on a combination of irregular paychecks, hope, fear, and government surplus food†. A family of seven in a minimum wage house hold; average of $15,000 per year. Alexie begins his narrative with background informationRead MoreI Am A Poet By Michael Waters And Mihaela Moscaliuc931 Words   |  4 Pagesseries. It was the first time I have heard live poetry and it was a different, as well as challenging, experience. As I am used to analyzing and tearing apart poems on paper, it posed an obstacle as I had to merely sit and listen. The sound aspect of poetry was emphasized. I could not sit down and reread the poem, and make connections, I had to experience the poem as a moment. Mihaela Moscaliuc read from her collection of poetry first. She grew up in Romania, under an oppressive totalitarian regime.Read MoreThe Life Of A Slave Girl By Harriet Jacob993 Words   |  4 PagesHarriet Jacob’s Incidents in the Life of a Slave Girl, depicts a personal and true account of how woman were sexually and physically abused rather than just physically abuses as that of an enslaved man. Enslaved woman struggled tremendously to not only be considered equal to man though to be seen equal pure and virtuous identical to the white women. Jacob’s female slave narrative was a special kind of autobiography, were she not only used another person to represent her, however, she wanted the readerRead MoreA Narrative of the Captivity and Restoration of Mrs. Mary Rowlandson, by Mary Rowlandson1483 Words   |  6 Pages â€Å"A Narrative of the Captivity and Restoration of Mrs. Mary Rowlandson† by Mary Rowlandson is a short history about her personal experience in captivity among the Wampanoag Indian tribe. On the one hand, Mary Rowlandson endures many hardships and derogatory encounters. However, she manages to show her superior status to everyone around her. She clearly shows how her time spent under captivity frequently correlates with the lessons taught in the Bible. Even though, the colonists possibly murderedRead MoreDon t Blame The Eater Essay947 Words   |  4 Pagesconsumer for making such poor dietary decisions, but then says consumers are not entirely at fault. Through his article, he tries to convince the readers that the fast food industry is to blame. He uses writing techniques, appeals to emotion, appeals to personal authority, and facts to prove his case against the food industry. Zinczenko uses devices such as questions and a sarcastic tone through his article. To navigate the reader into his belief, he starts off his argument with a question on whom to blame

Salary Issues - 1584 Words

Vanderploeg Posted Date: September 14, 2017 9:14 AMStatus:Published Victor You bring up several good issues. I really appreciate your discussion regarding salary. I work for a very large global pharmaceutical company. Overall, people have good job satisfaction. The company has pillars of values and behavior, and one of those is Be a great place to work. The value is even included in the business scorecard and if not met can impact the stock value. The company takes this very seriously and sends out pulse surveys annually. There is transparency in regards to how employees feel about the company, our leaders, the future, and job satisfaction. I have been with the company for 15 years and recently was promoted to a†¦show more content†¦(2016). Organizational behavior: A practical, problem-solving approach plus Connect. McGraw-Hill, ISBN: 9781260082203. Fischer, K. (2012). A Worldwide Perspective on Organizational Behavior [Video Presentation]. Weeks 1-3. (Available from Liberty University, 1971 University Blvd, Lynchburg, VA 24515) Reply Quote Mark as Read Thread:Week 3Post:REPLY to Shannon Hardy- from heather vanderploegAuthor: Heather Vanderploeg Posted Date: September 13, 2017 9:28 PMStatus:Published I am in the health care field and I have often compared the field of education to nursing in regards to job satisfaction. Nurses and teachers, and many other professions are overworked and underpaid. The burnout that these professionals experience serving in the helping field contributes to job dissatisfaction. Teachers seem to bring so much zest to their profession in the beginning. Their desire to keep helping often gets ahead of their own needs and work-life balance. Employees that are motivated and engaged have a better attitude and increased job satisfaction. Our readings from Kinicki Fugate provide of the behavioral concept of components of attitudes. There are tactics that can be incorporated in the workplace by managers to increase job satisfaction. Employees have a desire to have information. When managers communicate effectively, provide human resource and trainingShow MoreRelatedIssues with Athletes’ Salaries and How to Change Them1918 Words   |  8 PagesProfessional sports were beginning to be organized in the 1850s. At this point, their salaries, although they were still higher than the average person’s, were not too outrageous. In the 1880s and 90s, baseball players in particular were making on average about $1,750 annually. Even though this was three times the salary of an industrial worker of the time, they were not happy with this amount of money and felt they should be earning more (Baseball n.d.). In the 1970s, the worlds of professionalRead MoreThe Race For K 12 Public Education Reform1370 Words   |  6 PagesTeacher compensation is one of many hot button issues in the race for K-12 public education reform in America. Google (2015), defines co mpensation as simply the money received by an employee from an employer as a salary or wages (Google). This definition is perhaps the simplest to understand, but fails to truly articulate the complex meaning of compensation. Most school divisions include salary, extra pay, benefits, and pension in their employee compensation package. Leonard Boswell (2015), formerRead MoreIncreasing Minimum Wage For Women And Young Employees901 Words   |  4 Pagesthere are a considerable amount of solutions being applied to eliminate the issue of gender pay gap such as protective laws by the government, there would still exist several remaining problems concerning pay discrimination. This essay is going to discuss whether or not the solution of increasing minimum wage for women and young employees could reduce the issue of income inequality such that it would improve all salaries from different occupations, help single mothers to support the family, and reduceRead MoreDifference Between Merit An d Bonus Pay1663 Words   |  7 Pageswas determined on the basis of multiple different factors. Equity with respect to current salary relative to the market was a primary concern I looked to address. Performance during the 2014 work year was another factor that was weighted heavily. Continued high performance, improved performance, and length of time with the company were all accounted for, but to a lesser extent. External and uncontrollable issues including the employee’s personal lives, levels of education, health and wellness, or maritalRead MoreIncome Inequality : The American Economy Essay1735 Words   |  7 Pagesmiddle-income pay has stayed level at 44,389, an assume that spoke to a 3.8% diminishing from its top in 1999. In 2005, the median income, when adjusted for price level change, really declined, a pattern that has proceeded since 2001. Since the 1970s as the salary for the wealthiest 1% of Americans has multiplied, wages for middle class families have stayed e ven, however this is simply in the wake of including a second household income. Even workers with college degrees, who were once viewed as first classRead Moreassignment--1 Essay1644 Words   |  7 Pagesperformance pay. Answer: Base Pay: Base pay generally describes the minimum compensation that an employee can expect from his job. It can express in terms of hourly rate or it could be in a number of other different forms. In salary basis, base pay could be expressed as a monthly salary such as $5000 per month or $60000 per year. Performance pay: Performance pay reward employees for their great performance at their job. It is easy to quantify but not all the time. For example, a business dealership canRead MoreCompensation And Benefits Plan For Newtech International Inc.1195 Words   |  5 PagesIntroduction This is a compensation and benefits plan for Newtech International Inc. aimed at ensuring that current employees and those who will retire from this company get the best in terms of salary and other benefits. In hopes that employee’s will be committed towards achieving the company’s goals (McKeever, 2002). The author of this paper agrees that providing a great compensation and benefits plan will enhance worker performance. Background Information Newtech International Inc. is aRead MoreEthical And Legal Environment Of Organizations1031 Words   |  5 PagesExecutive Compensation Cristy Lawler Bethel University Dr. Dorothy Black MOD 450: Ethical Legal Environment of Organizations January 9, 2017 â€Æ' Abstract For years CEO’s have been making larger salaries in compression to the employees that work for the company. How the salaries are decided can be one of two ways. Either by how much money the company brings and gives to the shareholders or by how well the CEO runs the company. The question becomes which was is not only morally but also ethicallyRead MoreAnalysis Of The Payment Practices Between Companies, Executive Compensation Plans1644 Words   |  7 PagesWhile there is heterogeneity in the payment practices between companies, executive compensation plans must include four basic components: base salary, annual bonus tied to accounting performance or another agreed indicator between the parties, stock options and incentive plans long term (including restricted stock plans and performance plans based on accounting more exercise). Under the crossfire of public opinion, the bonus word became almost word, synonymous with unbridled greed, something to beRead MoreExecutive Compen sation: the Ethical and Impact Challenge1629 Words   |  7 Pagescompany president. Executive compensation mostly consists of base salary, bonuses, long-term incentives benefits, and prerequisites whose main purpose is to motivate the executives to steer the company to profitability and make decisions with the best interest of the organization. Executive compensation has been on an upward rise especially within the last few decades reaching to unprecedented levels. Worse still, executive employees’ salaries and benefits have increased at a significantly higher rate

Augustine Medical Case - 2849 Words

AUGUSTINE MEDICAL, INC. The Bair Hugger Patient Warming System Winston Rivero MK 4900 Prof. H. Barksdale October 16th, 2012 Industry Analysis: †¢ Many competitive technologies are available for the prevention and treatment of postoperative hypothermia. The fall into the two categories: o Surface Warming ââ€" ª Warmed hospital blankets ââ€" ª Water-circulating blankets ââ€" ª Air-circulating blankets and mattresses ââ€" ª Thermal drapes ââ€" ª Infrared heating lamps ââ€" ª Partial warm-water immersion ââ€" ª Increased room temperature o Internal Warming ââ€" ª Heated and humidified air†¦show more content†¦| |leggings) | | | |Air-Circulating Blankets |Safe, lightweight |Products not widely found in the U.S. | |Average Price $4,000 |More effective than hospital blankets | | | |and water-circulating blankets | | Trends Analysis: †¢ The Bair Hugger Patient is designed to control body temperature of postoperative patients and to treat hypothermia experienced by some patients after operations. o Medical research states that 60-80% of postoperative patients experience hypothermia. †¢ The firm projected that 1 system would be sold per 8 postoperative recovery room beds. Exhibit 2 |Number of Postoperative Beds |Number of Hospitals |Projected Unit Sales |Projected Sales (# of | | | | |hospitals x Unit Sales) | |7-11 |1,281 |1 |1,281 units | |12-17 |391Show MoreRelatedAugustine Medical Case Study1763 Words   |  8 Pagesheater/blower unit and disposable warming covers. The ultimate problem facing Augustine Medical, Inc. is how to price theses two components of the product and how to position it compared to its competitors. There are many substitutes available for hospitals to treat and prevent hypothermia. However, there are many disadvantages to the variety of other devices which virtually treat the same condition. Augustine Medical believes that their product is superior to their competitors’ products. S.WRead MoreAugustines Medical Case Analysis Essay1761 Words   |  8 PagesAUGUSTINE MEDICAL, INC. CASE ANALYSIS THE BAIR HUGGER PATIENT WARMING SYSTEM I. Factual Summary: * The United States does not currently have an established warm-air technology blanket market. * The Bair Hugger Patient Warming System product is not a consumer device. The main users of this product consist of businesses and hospitals. * Hospitals will always be provided funding necessary to prevent hypothermia and other diseases; as a result a demand will consistently be commonRead MoreAugustine Medical, Inc.1044 Words   |  5 PagesAugustine Medical, Inc. The Bair Hugger ® Patient Warming System Problem: August Medical, Inc. was incorporated as a Minnesota corporation to develop and market products for hospital operating rooms and postoperative recovery rooms. And the main problem of Bair Hugger patient Warming System is how to price this system and how to compete to other competitors. SWOT Analysis: Strength | weakness | 1. The system has a good structure design.2. Warm air makes patients feel warm and stop shiveringRead MoreAugustine of Hippo and Right Thing Essay691 Words   |  3 Pages St. Augustine believed that â€Å"faith must precede reason and purify the heart and make it fit to receive and endure the great light of reason.† He might have believed that the newspaper columnist should not leave the first newspaper chain because she signed a contract with them. Breaking the contract is not entirely the right thing to do. She must be faithful to the first company because that came first, and faith comes before reason. Aquinas might have believed differently from Augustine in thisRead MoreEthics and Newspaper Chain658 Words   |  3 Pagescompany anyway. To incorporate the good vs. evil on this case is simple, because the good or what should be, is her staying with her current newspaper chain, making less money and complying with her morality, and evil would be her first instinct, and also what actually happens, in many cases, is the columnist going with the other chain, the chain that pays more money, even if it means she isn’t being morally correct. I believe both Augustine and Aquinas would decide against the columnist living herRead MoreI Am Looking At Works Of Art Essay1255 Words   |  6 Pagesof the past, which lead to modern advancements that took place to help lead us to where we are today. One such advancement was the change from using wooden forts that weren’t strong enough to take cannon fire. In Castillo de San Marco and St. Augustine, Florida the wooden forts were replaced with a fort that was made out of coquina. Coquina is a shell limestone material that is hard enough to build walls, but soft enough to dissipate the energy from something such as cannon fire. The work of artRead MoreThe Use of Traditional Medicine in the Caribbean2583 Words   |  11 Pagescultural beliefs and ancestral practices. Modern Medicine-Medicine as practiced by holders of M.D (medical doctor).Other terms includes: allopathic medicine; western medicine; mainstream medicine; orthodox medicine; regular medicine and biomedicine. Acupuncture- a medical treatment from China that involves putting sharp thin needles into the body at very specific points. Naturopathy- a system of medical treatment that treats illness by natural methods such as exercising and controlling the food youRead MoreJob Descriptions For Medical Administrative Assistants701 Words   |  3 Pages Not certain we have hired any medical administrative assistants (Wynant) Providence job description titles: †¢ Patient Relations Representative (PRR) †¢ Billing Scheduling Coordinators Referral Coordinator At Providence the greatest abundance is the PRR position. These positions are aligned close to the MAA position (Wynant). MAA position is called a front office or receptionist (Boreman). Tiffany has some great ideas on how to build partnerships with community industry members. Denise andRead More Marketing Research For Augustine Medical Essay2527 Words   |  11 PagesMarketing Research For Augustine Medical This report references exhibits and appendices not included within the document Executive summary By early 1988, Augustine Medical executives were actively engaged in finalizing and marketing the program for the patient warming system named Bair Hugger Patient Warming System. The principal question yet to be resolved was how to price this system. Several considerations are required in terms of organizational objectives, demand for the product, customerRead MoreTechnology And Medicine : Promise And Peril974 Words   |  4 PagesTechnology in Medicine: Promise and Peril Saint Augustine once said, â€Å"What does love look like? It has the hands to help others. It has the feet to hasten to the poor and needy. It has eyes to see misery and want. It has the ears to hear the sighs and sorrows of men. That is what love looks like.† The profession of medicine can be traced back to the 5th century BCE this signifies how important the relationship between a patient and the doctor is. The fact that this profession until now stands out

Benefits Of Social Networking Sites - 3095 Words

Social Networks have become a very popular platform for people to communicate and stay in touch with their family, friends and connect with long lost loved ones from around the world. Not just for informal communication, social networks is also used as professional networking tool for job hunting, increasing sales revenue, marketing campaigns, keeping public informed of safety, health, political campaigns and other social issues. It has become another medium for news and entertainment and definitely helping bring people closer together socially, personally, and professionally. In the last decade, popularity of social networks took a major hike, transformed how people communicate and there is no arguing that social networking sites like Facebook, Twitter, LinkedIn, Google etc. are resourceful, beneficial and have become an integral part of our personal and professional lives. Social networking sites have definitely benefited its users and organizations with its collaborative and distributed approach but it all comes with a price and has outgrown a major concern of privacy and security that put user information and personal data at risk. It has put even organizations at risk, ranging from damaging their brand to exposing proprietary information to inviting lawsuits. Social networking users should be aware of that any or all information they post online could be accessible by malicious users (cybercriminals) and can be exploited to hurt them physically, financially orShow MoreRelated Benefits of Social Networking Sites Essay1226 Words   |  5 Pagesinvention of social networking tools, such as, Facebook, MySpace, AIM, Blackberry Messenger (BBM), Twitter, and Formspring, millions of people have been able to instantly notify others concerning their whereabouts, meet/make new friends, reconnect with old friends, blog, play games, and upload videos and pictures. Social networking has become a part of our daily routine and is a trend that will only continue to evolve as we grow old. Before the release of the highly popularized social networking websitesRead MoreSocial Networking Sites Bring More Benefits Than Harms.843 Words   |  4 PagesNowadays, social networking sites are very popular among people all around the world especially teenagers. In fact, social networking sites such as Facebook, MySpace and Twitter are names which are quite familiar to anyone of us. Furthermore, many of us make use of these social networking sites to stay in touch with our family and friends. This is because that these sites are cheap, fast and easy to access. However, the parents often feel worry for letting their teens use these social networking sitesRead MoreSocial Networking Sites Provide More Benefits than Problems Essay1111 Words   |  5 PagesVarious social networking services have achieved enormous success at the first decade of the 21st century. Up to 2010, more than 500 million users globally have been regularly using Facebook (Kirkpatrick, 2010, 2). A social networ king site is defined as an online platform where socially related users can communicate and share information with each other, such as Facebook, Twitter, Myspace and Renren. Howevertheir success did not come without a price. It has long been a question that whether theseRead MoreSocial Networking Sites Have Brought More Problems Than Benefits to Society.983 Words   |  4 PagesSocial networking sites are a new revolution that deserves our attention, as we ourselves are part of this revolution. Social networking is an umbrella term that refers to the various activities that integrate technology, social interaction, and construction of words, pictures, audio and videos. Simply put, social networking is about the million of conversations that take place all over the world on social networking sites, which includes Facebook, MySpace, Twitter, online forums, etc. ProponentsRead More Social Networks Essay1380 Words   |  6 PagesFox 2009, Pg 247). With the introduction of social netw orking sites such as Facebook, My Space, Twitter and various smaller community based social networking sites it has made the ability of communicating so easy and accessible that people are able to sit in one place and know about what is going on somewhere else in the world related to your friend / group / community network (Nair 2009, Pg 52). This essay will focus on how social networking sites play an integral part of everyday communicationRead MoreControversial Issues essay about Social Networking2034 Words   |  6 PagesThe Benefits of Social Networking Abstract In the following essay, the benefits and consequences of social networking are explained and the different uses of social media are revealed. Websites, such as Facebook, have grown so popular that they have been created into mobile apps for individuals to use when he or she is unable to access a computer. With the significant increase in the number of its users, social networking has become a universal activity with its positive effects outweighing itsRead MoreThe Effects Of Social Networking On Society1317 Words   |  6 PagesThe Effects of Social Networking Intro Over half of the world uses the internet. 2.2 billion people actively use any kind of social networking. There were 176 million new users of social media just last year (Regan 1). With the influence of so many people a pressing question: Is the impact of social media harmful or beneficial in its effects? Social networking is one of the biggest reports of online traffic. So, if so many people are using these networking sites, what are the effects on us? The â€Å"first†Read MoreSocial Networking Services Success Essay examples1026 Words   |  5 PagesVarious social networking services have achieved enormous success at the first decade of the 21st century. Up to 2010, more than 500 million users globally have been regularly using Facebook (Kirkpatrick, 2010, 2). For this purpose in this essay, social networking site is defined as an online platform where socially related users can communicate and share information with each other, such as Facebook, Twitter, Myspace and Renren. It has long been a question that whether these services brought moreRead MoreEssay on Social Networking Sites: Beneficial to Society1451 Words   |  6 PagesSocial networking sites are great for society, promoting increased communication and connection between hundreds of millions of people throughout the world. While some people do argue that the dangers of online networking far outweigh the benefits, it is clear that this is not the case; rather i t is the other way around. Online social networking can be broadly defined as any website or other type of online communication that allows people to interact with each other. Blogging, or keeping an onlineRead MoreEssay about The Role of Social Media in American Society 1127 Words   |  5 PagesWhen analyzing the role of social media in American society, several questions come to mind. What is social media and are these social media and networking sites helpful to the people of America; can these sites be used to enhance or do they intrude in the relationships people have with others, and can they be integrated into their daily lives successfully. As the world becomes more and more technology friendly, the internet has transformed into a place that nearly everyone can go to get away. With

Manage Remuneration and Employee Benefits Theory of Compensation Stra

Question: Discuss about the Manage Remuneration and Employee Benefits for the Theory of Compensation Strategy. Answer: Develop organizations remuneration strategy Remunerationis still a critical issue in the managing of human resource. How organizations remunerates its staff has an impact on its capacity to interest the right staffs and to motivate them to remain focused on critical business administration. Remuneration is what staffs get in exchange for their work. It also helps to strengthen important organization culture and fundamental standards and to enable the accomplishment of its business strategy objectives (Stone, 2008, p.4) Employment is of a different type. However, the remuneration of employees is a factor that has always not been communicated officially or even feasible for human resource departments and has its cons. For instance, it has this method of compensation in which paymentis through unit price produced by an employee. If remuneration adopted by an organization does not support their vision, direction goaland culture, they may need to close down business. The teams ideas, leadership, and goal drive the business. Objectives of the proposed remuneration strategy Supports business and human resource strategy. Attract and motivates staffs in their duties. Provides incentives first performance Reward past performance Provide the best return expenditure Design the best rewarding system for workers Staff remuneration and compensation structure Remuneration benefits Overtime compensation Future income reviews/increases Life insurance Paid holidays vacations Company day-care facilities List of Legislations considered in the remuneration strategy Fair Work Act 2009:This act creates a national workplace relations system that is fair to working people, promotes productivity, flexible for business and economic growth. Workplace Relations Act 1996 : It t provides the continuation of the federal award system which provided a minimum set of terms and conditions for employment and helps in maintaining relations at work place Workplace Agreement Act 1993: This is an individual written agreement on terms and conditions of employment between an employer and employee in Australia, under the Workplace Relations Act 1996. Evidence for research on market rates and comparison with other organization According to the government of Australia education department the salaries of a teacher starts at level 2.1 with $66 and reaches to level 2.9 with experience. It is shown in the table below Level Salary as in Dec2015 (per annum) 2.1 $66,475 2.2 $72,937 2.3 AU$79,824 2.4 AU$82,953 2.5 AU$86,206 2.6 AU$89,584 2.7 AU$93,096 2.8 AU$96,744 2.9 AU$100,536 Table 1: Salary as in Dec2015 (per annum) (Source: www.decd.sa.gov.au) The salary range of some of the private educational Institute in Australia is given below: Name Starting Salary(per annum) George Brown College AU$92,312 Humber College AU$ 60,807 Trinity College AU$ 67,407 Marist College AU$65,000 Table 2: Salary of few private colleges in Australia (Source: www.decd.sa.gov.au) Table 2 shows highly competitive rates of different educational institute for the teachers. However the rates vary on the basis of their brand name and facilities provided. The Sai Educational Institute need to compete with them to get quality teachers at competitive price. Motivate employees through proposed strategy The remuneration strategy will motivate the employees as it has given importance to incentives and rewards for the employees. The strategy has taken care of the working conditions of the employees and desires to provide them benefits for their hard work. The employees medical care and family trip, life insurance and other related benefits are taken care of in the strategy. It will motivate them to work better and improve their performance. The Institute has also provided good learning environment in the institute by providing informative library and easy access to resources for their research works. All this benefits will surely motivate the employees and will make the workplace desirable for them. Proposed strategy linkage with organizational strategic objectives. Universalistic approach indicates that some human resource activities such as incentive pay, is always better than others and that all organizations should implement these good practices (Pfeffer, 1994) The basic theory of contingency is that, for any organization to be effective policies must be consistent with the business policy of the organization. (Schuler and Jackson, 1987) Basic salary Every employee should receive his or her salary in time; this should correspond with the pay agreement and policy. The college strives to offer fair consideration remuneration and incentives to all staffs undertaking the contribution to the college. The college aim to achieve this by means of development of appropriate reward and incentives mechanism which are guided by: Fairness and equity (both internal and external) Guarantee to pay equity and gender balance The competitive environment inside which the organization works Balanced against the industrial and wider employment scheme offered tothe team. Health and wellbeing programs for staff members. Factors to consider when developing a remuneration strategy Budget Allocation The strategy should have an approach on how to allocate funds into salary and benefits. They should have clear guidelines on how much will be spent on wages and the percentage to be devoted toremunerations and other incentives. Budget allocation eases control of labor, healthcare and other miscellaneous costs that may arise. Develop Salary Ranges Developing salary ranges makes sure that employee pay is competitive with other organizations. For organizations to remain competitive, scaling of jobs within the same industry must be done so as to determine the kind of work done and be able to establish salary ranges that match with the job descriptions. Set a plan Having a plan on how the payments will be administered to provide for individual pay increases. Performance-based increases, promotions, raises for time spent with the organization or general increases to compensate for the changing economic factors and to remain competitive. Communication Communicate the plan to staff members. Describe how the program works so that expectations are defined. Communication will help build goodwill and good relations with your employees. Appraisals Perform employee performance evaluations under the plan. Explain how workers efforts relate to pay and provide responses to help employees understand job responsibilities and required expectations. Implementation of a Remuneration Strategy This is known a the turning of policies and plans into actions to achieve strategic objectives and set goals. The implementing of strategic plans is very critical more than the implementation of the strategies. Incentive compensation payments are based on achievement of a fixed set of objectives, formula or criteria. If results are realized, payment is made and if not, payment is not effected. The following steps will be considered in the successful implementation of the remunerations strategy. Have a detailed understanding of the knowledge and the background that the plan intends to support. Analysis of the firms professional goals, mission, and aims, the Human resource approach, and the reward philosophy. These forms the basis of the firmsorganization framework that the motivation benefit strategy will be aligned to and reinforced. Identifying core causes that drive the need for improving performance, cooperation, or employee commitment. It can be done by challenging whether there is a problem with payment methods, or any other factors that need more input. Identification of the businesss key tactical objectives. Know the areas that need improvement and allocate different weights to thetargets centered on impact, meaning, and your degree of self-relianceand the ability to measure results. Form a combined set of both fiscal and strategic objectives.There needs to be a range of economic and policy performance and compensation level and a payout opportunity that is consistent with the performance value and meaningful to staff. Define clear objectives for staff. The workers need to understand the goals clearly so that they have clear measures which will impact the sales and ensure production cost are lowered and profits achievable Remain engaged. The plan should be an ongoing process; It should be reviewed each and every year inline with the business settings and new goals and objectives. Communication channels. Use the plan as one way of communicating with staffs by providing feedback. Acknowledge the small and big wins and any other reinforcement or results achieved. Salary Package for Academic and non-academic staff The salary package for Academic and non-Academic staff includes basic pay, dearness allowance, house rent allowance, leave travel allowance, employer provident fund and children educational allowance Salary details of Academic Staff Amount Basic Pay AU$50,000 Dearness Allowances (5% of BP) AU$1,750 House Rent Allowances (10% of BP) AU$ 3,500 Leave travel allowances (3% of BP) AU$ 1,050 Employer Provident Fund( 5% of BP) AU$1,750 Children Educational Allowance(6% of BP) AU$2,100 AU$60,150 Table 3: Salary Package of Academic staff per annum Source: Author Salary details of Non-Academic Staff Amount Basic Pay AU$20,000 Dearness Allowances (5% of BP) AU$1,000 House Rent Allowances (8% of BP) AU$ 1600 Leave travel allowances (1% of BP) AU$ 200 Employer Provident Fund( 3% of BP) AU$600 Children Educational Allowance(3% of BP) AU$600 Total AU$24,000 Table 4: Salary Package of Non-Academic staff per annum Source: Author Outline the steps to implement the proposed remuneration strategy successfully. A company that has salary structure is able to manage their salary spending. It is also a good way of maintaining current employees and makes hiring and recruitment of employees easier. The following can guide in the implementation of a good salary structure. Establish value for every position in the firm When determining avalue for every position in the company, market prices have to be considered. Research on different organizations and how they pay for like jobs will help in establishing where Sai Educational Institute competitive posture The competitive position of a Sai Educational Institute is its global salary level compared to the market average across the scale jobs. The wage rates should be comparative to prices of other competitors. Compensable leverage This is how much more or less pay rate increases in your company, overall, as compared to the market rate increase for higher-paid positions in the organizational ladder. It helps in striking a balance between paying salary increases to staff when they get promotions. Outward inequalities Determine if some of the employees salaries are inconsistent with the firms relationship in the market across all the jobs. When the salaries are inequitable, it will be perceived as unfair Development of salary structures Decide if the salaries will be specifically based on minimum and maximums or if you will have pay grades whereby multiple positions are grouped together with same range Outline how you will review and update the remuneration strategy Review recent methods of reviewing salaries Interview workforce and management to scale how workers perceive the organization Come up with a way of reviewing salaries Define salary ranges that suit the firm Conduct workshops and training and integrate them with the human resource systems Considered factors and procedures during the review of the remuneration strategy The factors and procedures that should be that should be considered and followed when reviewing the remuneration strategy are discussed below: The pay review policy should have linkage with HR process so that the business needs are met. Planning should be done in advance about the review dates and effective connection should be made between the functions of HR, rewards, finances and business. Data should be gathered on inflations and cost of living of the country so that dearness allowance can be changed accordingly. The procedure of calculation should be simple with keeping in mind the requisite requirements. The management tools and technical back-ups should be used for completing the procedures effectively. The review of previous process should be done to understand it better The roles and responsibilities of the concerned people should be clearly defined in the procedure so that no loopholes emerge. The risk of reducing the incentives should be minimized and rewards should be given importance. Conclusion A firms strategy is a critical factor for a company, and it can last four many years. If an organization does not monitor the efficiency of the approach, it may lead to failure instead of success. There may be deviations in the result, which can be corrected as time goes. Normally, it is easy to fix errors is differences are found early Superannuation Superannuation is a savings plan whereby funds accumulateover a given periodto provide an income during retirement. It allows money to be reserved aside on a fixed interval basis for a specific duration of time. The money can be invested activities that will earn interest or in projects. The objective of this scheme Facilitate consumption smoothing over the course of a persons life. To help people manage financial risks during retirement. Help a person to be fully funded from savings To provide income in retirement Invest resources in the best interests of superannuation fund members Be straightforward and efficient, and provide safeguards to people during retirement. Method of implementation Employer contributions Compulsory superannuation guarantee (SG) contributions amounts must be paid to a selected pension fund for their workers at a rate of 9.5% of their earnings. Personal contributions Voluntary contributionscan be made by people towards their superannuation and in return get they get tax benefits for doing so. Benefits to employees A person's funds are combined with other investors, letting them make investments which are impossible for a single investor. Having a person's savings inaccessible for a set period is an attractive benefit to the individuals who might be drawn to "dip" into their superannuation fund. Itsa tax effective way of saving. Superannuation is the best tax effective way of saving for a longer duration. Governments have a concern about people who will retire without savings and depend on the government for support. Due to that, they have developed ways to encourage people to save within Super funds. Recent changes $1.6 million limits on the total amount of super that can be transferred into a tax-free retirement account The annual concessional contributions limit reduced to $25,000 and allowing catch up contributions of good caps over five years for balances of $500,000 or less A lifetime cap of $500,000 will be applied to after-tax concessions on super to reduce the capacity for superannuation to be used for capital accumulation effective immediately and backdated to 2007. Performance Based Remuneration ( PBR) Performance-based remuneration provides companies with the flexibility to attract and retain great staff. Performance payments are one-off payments made to employeesbya documented performance-based compensation plan, based on set performance targets. Payment is non-recurrent and based on achievements within specific timeframes Outline the concept of performance based remuneration Research indicates that performance-based compensation leads to the opposite of the desired outcomes when it is applied to any work involving reasoning rather than physical skill. The objective of this remuneration strategy A performance-based plan employs objective criteria to decide the incentive to be paid. These ideas form precisely known goals that the organization must achieve to receive the benefit. It is objective oriented and designed to identify specifically and incrementally reward the top performers. Method of implementation in the organization PBR methods tie the reward directly to particular business goals and management objectives. Firms must deliver competitive pay for the people who show reults, and low pay for low performers.For companies to achieve, this, they need to match quantifiable and manageable performance targets to company objectives. The common variables include: - Equity - the quantity and amount to be paid is normally centered on a part of value additional as determined by the system measuring performance of workers. Improvement sharing The company may adopt a system of distributing a portion of results to employees, based on performance versus plan. Bonuses These are awards in form of cash paid to the employees for amazing accomplishments or other activity-related deliveries; Benefits to employees Increase in Earnings: - It allows employees to increase their income since they are in control of their earnings. Over holiday seasons, workers can increase production to earn more money. Benefits to employers The increase in retention: - There is a positive link between effort and performance, and employee retention is enhanced since the staff that performs best is rewarded for his/her efforts. This makes them retainable to an organization. Less Supervision: - Organizations that use PBR experience a decrease in the need to supervise their staffs since they know their work output translates to their pay. Disadvantages of this remuneration strategy Less Input by employees: -This makes employees to fear giving managers their contribution for changes. Employees shelve their ideas even if they think they are right for fear of reduction in earnings. Various firms value and depend on their employee's input in order to make decisions concerning the company. Conflict among employees: - A disadvantage of pay based on performance policies is that they can create conflict among workers. An employee may that a supervisor displays partiality to other staffmembers and assists them to attain bonuses. Distrust and conflict create hostile working environments, which lessenefficiency. Fringe benefits- These are additional benefits provided to workers other than usual payment in the form of salaries. They offer a measurable value to individual employees. Fringe benefits are not connected to the performance of workers since they are an indirect form of reward and are given to staff because they are members of the company. Outline the concept and objectives of fringe benefits They create and increase good working relations. They promote the welfare of They act as a form of security to employees Help to motivate the employees Employees health is protected. Benefits to employees Contributeto boosting the morale of workers and pride in a company. Employees who have personal life policies enjoy additional protection. Employees have a peace of mind which ensures increased productivity. Benefits to employers Helps attracts and retain high-performing employees: - Fringe benefits play a significant role in keeping present employees content with their work environment while maintaining the competition from poaching top talent. Financial advantages: - employers pay premiums which in turn are tax deductible as an insurance expense to the company. Recruiting Talent: - There is much competition among companies. Thus they may find it difficult to attract a workforce based on salaries alone. Fringe Benefits Tax (FBT) and calculating FBT Fringe benefits tax- This is atax that companies pay on certain benefits they provide to their workers. The family members of the employee may also be included. The benefit may be a top up to, or part of, the employees income. Calculating FBT Assume a company pays the manager $500,000 P/a and provides a car benefit with a taxable value of $30,000 during the 2015/16 FBT year. The $500,000 is taxed at the applicable PAYG withholding rate which is withheld and pays to the ATO. The $20,000 car benefit is taxed as follows: Taxable Value $20,000 Multiplied by Gross-up rate x 2.1463 Grossed-up taxable value $42,926 FBT Rate 49% FBT Payable (rounded) $21,033 References Leow, LP Murphy, S 2008, Australian master superannuation guide, 12th edn, CCH Australia, North Ryde, New South Wales. Balkin, D. and Gomez-Mejia, L. 1987. Toward a contingent theory of compensation strategy. Strategic Management Journal, 8, 169-182. Beal, D 2008, Superannuation and retirement income planning, John Wiley Sons, Milton, Queensland. Ellig, B. 1981, Compensation elements: market phase determines the mix. Compensation Review I Third Quarter, pp. 30-38. Gupta. C.B. 2005, Human ResourceManagement, Sultan Chand Publishers, New Delhi Kerr, J. 1985, Diversification strategies and managerial rewards: an empirical study. Academy of Management Journal, 28, pp. 155-179. Lawler, E. 1981, Pay and Organizational Development. Reading, MA: Addison-Wesley. Pay, wages and salaries | Department for Education and Child Development. (2016). Decd.sa.gov.au. Retrieved 1 August 2016, from https://www.decd.sa.gov.au/working-decd/working-department/pay-wages-and-salaries Pfeffer, J. (1994), Competitive Advantage Through People, Harvard Business School Press, Boston Schneier, C.E., Beatty, R.W., Baird, L.S. 1987, The performance management sourcebook. Massachusetts: Human Resource Development Press. Stroh, E.C. 2001, Personnel Motivation: Strategies to stimulate employees to increase performance. Politeia, 20(2), 5974. Wils, T. and Dyer, L. (1984). Relating business strategy to human resource strategy: some preliminary evidence. Paper presented at the 44th Annual Meeting of the Academy of Management. Boston, MA.

Advanced Auditing and Assurance Legal Operations Environment

Question: Describe about the Advanced Auditing and Assurance for Legal Operations Environment. Answer: Metcash: Relevant Background Information For the purpose of meeting to be conducted to plan the audit of Metcash group, the relevant information pertaining to the operations and legal environment has been gathered as under: Operations It is essential for the auditor to have a thorough understanding of the operations and the environment in which the company operates (Coleman, 2015). In the context of this it has been identified that the major operations of Metcash comprises of wholesale distribution, merchandising, and marketing of the grocery, liquor, and hardware items. The company operates mainly in Australia and New Zealand, while, the products are also exported to the other parts of the world such as Central Pacific, China, and Hong Kong. Accounting for 68% of the total revenues, the Food and Grocery is the most revenue generating segment of the company (Metcash, 2015). The major brands sold by the company through different segments are IGA, Cellarbrations, Bottel-O, and Mitre 10. Further, it is interesting to note that the company has a huge customer base, which is evident from the fact that it serves 2500 grocery stores, 12000 pubs, and more than 800 outlets. The company is expanding the operations for which a four expansion program initiated in the year 2014 is under process (Metcash, 2015). Applicable Laws and Regulations The understanding of the laws and regulations that the entity has to comply with is the most crucial aspect of auditing (Pickett, 2006). The laws and regulations not only govern the preparation and presentation of the financial statements, but also govern the operations of the company. In the current case of Metcash group, the most crucial laws and regulations which affect the operational aspect of the group have been identified as Environment Protection and Biodiversity Conservation Act 1999 and Australian Consumer Law (Australian Government, 2016). The Environment Protection and Biodiversity Conservation Act provides for safeguard of the environment from the hazards emanating from the companys operations. Further, there are other laws and regulations, which are also crucial for the auditors consideration while conducting audit of the group. Those laws and regulations involve product safety standards, competition laws, and foreign exchange regulations (Australian Government, 2016). It is important to note that the group has operations of export and import with the countries outside Australia, thus, the foreign exchange laws will have to be complied with. Primary Competitors Metcash operates in the highly competitive environment. The primary competitors of Metcash have been identified as Woolworths Ltd, Coles Group Ltd, and ALDI Gmbh Co. KG Essen. In the grocery segment, Metcash is receiving a tough competition from Woolworth Ltd, while, Coles group and ALDI also are big threat to the overall business of the company (Hoovers.com, 2016). Metcash: Significant Business Risk Factors Consideration of the business risk factor is critical for the auditor not only at the planning stage, but throughout the auditing process. The auditor should be alert to the event and transactions, which causes significant risk to the business of the company (ASA 315, 2013). With regard to the current case of Metcash Ltd, five crucial risk factors have been identified as under: Increased Competition: The competition in Australia in the merchandise business is getting stiffer day by day. The increased competition is one of the biggest is factor for the business of Metcash group. This is because the company may lose business in the upcoming years, which may threaten its very survival (Metcash, 2015). Foreign Exchange: Metcash group is engaged in the import and exports apart from selling the merchandise in Australia. The import and export always carry the risk of foreign exchange; however, the group has low foreign exchange exposure presently (Metcash, 2015). Operational: There have been observed a decline in the financial wealth of the individual retailers, which may affect the revenues of the group adversely. The retailers are slow to order goods to the group, which may create lags in the groups revenues in the upcoming years (Metcash, 2015). Financial: The group has written off impairment loss on the intangibles in the books of accounts in the year 2015, due which the financial performance has gone negative. There is a risk that few more assets requiring impairment may be hidden (Metcash, 2015). Compliance: The group has to comply with various laws and regulations, which includes consumer safety and environmental regulations as crucial ones. Thus, there is a risk that the company may skip in adequately complying with all the requirements (Metcash, 2015). Metcash: Accounts Susceptible to Misappropriation or Fraudulent Financial Reporting The auditor should maintain professional skepticism and remain alert to the accounts which may be misappropriated or falsified by the management (Bagshaw, 2013). In the case of Metcash Ltd following four types of accounts have been identified as susceptible to misappropriations: Revenues: The revenue account is the most susceptible to misappropriations and fraudulent financial reporting for the Metcash group. This is because the market conditions are adverse and affecting the revenues of the group unfavorably. The demand is low and the competition is stiff, which may create pressure on the management to manipulate the figure of the revenues to show good financial performance to the shareholders. Thus, it is quite probable that the management may manipulate the revenue account to show enhanced revenues and claim better performance than the competitors (Bagshaw, 2013). Account Receivables: The account receivables account is directly linked with the revenue account. Thus, if the management manipulates revenue account, the accounts receivables will automatically stand manipulated. The fake sales can not be shown in cash; therefore, it is obvious that it would be routed through receivables account (Bagshaw, 2013). Cash Account: The cash is the most susceptible asset in every organization (Bagshaw, 2013). There are greater chances that the management may manipulate the cash account along with manipulating expenditure account by showing fake payments. The management may siphon the funds of the business by manipulating the cash account and expenditure account. Further, the cash can also be manipulated through others means apart from showing fake expenditures. The management may use the cash collected from the receivables for own purpose without passing entry in the books of accounts. Inventory: Inventory is sensitive to manipulation and misappropriation in every business, but in merchandise business this gets even more critical (Bagshaw, 2013). Large quantities of inventory and numerous items make it very difficult for the top management to design suitable controls to stop misappropriation. In the case of Metcash group, it has been observed that the goods are supplied to various retails stores from the warehouses of the company. Thus, it is possible that the goods may be misappropriated from the warehouse by the lower level staff that is engaged in handing and storing. Metcash: Overall Control Environment It is within the duties of the auditor to indentify and assess the risk of material misstatement in the financial statements. For this purpose, the auditor is required to take a thorough understanding of the entity and its control environment (ASA 315, 2013). The corporate governance plays a crucial role in designing an adequate control environment which could be relied upon by the auditor. Therefore, the auditor needs to pay particular attention to the governance mechanism of the entity while assessing the effectiveness of the control environment (ASA 315, 2013). Metcash group has in place a strong governance mechanism that appears to be effective in mentoring and managing the risk of material misstatement in the financial statements. The group has formed its own governance principles and compliance with those principles was observed from the plain reading of the annual report of the year 2015 (Metcash, 2015). For the purpose of good corporate governance, the board of Metcash lays down solid foundation for the oversight of the state of affairs. This involves ensuring proper and systematic delegation of the duties, evaluation of the senior management performance, and transparent reporting (Metcash, 2015). The analysis of the five crucial factors for the assessment of the control environment in respect of Metcash is given as under: Integrity of the Management: This is the first thing which an auditor would look when assessing the effectiveness of the control environment. In the absence of an integrated management, the adequacy of the control environment can not be assured (Institute of Internal Auditors, 2011). In the case of Metcash, it has been observed that the senior management of the company comprises vastly experienced people who are attached with the company for years. Further, it has also been observed that the composition of the board has been kept balanced by having sufficient number of independent directors. Management Philosophy and Operating Style: The approach or philosophy of the management counts a lot in effectively managing the risk (Institute of Internal Auditors, 2011). In the case of Metcash, the philosophy of the management may not be modern as the most of the board of directors are old aged. However, they are experienced and capable to handle the critical situations more effectively than the young age directors. Organizational Structure: This implies the model which the company follows to achieve its objectives (Institute of Internal Auditors, 2011). The organizational structure of Metcash appears to be satisfactory. There is a board that takes part in day to day management of the business affairs. The roles and responsibilities of the middle level and lower level management seem to be adequately defined. Governance: In order to make the governance mechanism even stronger, the group has established various committees namely remuneration committee, nomination committee, and audit committee. Competency of the Personnel: The evaluation of the competency of the personnel is critical aspect in assessing the effectiveness of the control environment (Institute of Internal Auditors, 2011). In the case of Metcash, it has been observed that the company employs over 6000 employees. Further, the board asserts that the most of the personnel working for the group are highly qualified and professionally competent. Therefore, based on the above discussed factors, it could be articulated that the control environment of the company is reliable. However, it is recommended that the auditor personally conducts test checks on the internal processes and procedures while assessing the effectiveness of the control environment of Metcash. Impact on Audit of Proposed Acquisition of Woolworths Home Timber and Hardware Business The acquisition of the business is a big event that involves exchange of the resources between two concerns. In the acquisition of a business, the acquiring company pays cash or shares in consideration of receipt of the net assets to the target company. Thus, the crucial point which comes out for the auditors attention is that the transactions for business acquisition happens at a large scale, which not affect the current financial position, but may also affect the future outlook of the financial performance and position (Pwc.com, 2012). Further, one more point that the auditor needs to keep in mind is that the process of acquisition is time consuming. It may take years in finalizing the acquisition deals. Thus, the auditor should ensure that the books of accounts have been adjusted for the effect of acquisition in the period in which these should have been (Pwc.com, 2012). In the current case, Metcash group is considering acquisition of the timber and hardware business of Woolworth for $250 million. Although, the acquisition has not been finalized yet, but the auditors plan will be needed to be modified to take the matter of acquisition into consideration. Thus, in respect of this proposed acquisition of the business, the auditors plan should include discussion with the board of directors. The discussion should include the point such as terms and conditions of the acquisition, impact on the shareholders worth, and impact on the financial performance of the group as a whole. Further, the auditor should also discuss the expected date of acquisition. The date of acquisition is important because if the business is acquired between the date of balance sheet and the approval of the financial statements by the board, the auditor may be required to make certain disclosures in the audit report in respect of the acquisition. References ASA 315. 2013. Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment. [Online]. Available at: https://www.auasb.gov.au/admin/file/content102/c3/Nov13_Compiled_Auditing_Standard_ASA_315.pdf [Accessed on: 04 October 2016]. Australian Government. 2016. Australian business and environment laws. [Online]. Available at: https://www.austrade.gov.au/International/Invest/Guide-to-investing/Running-a-business/Understanding-Australian-business-regulation/Australian-business-and-environment-laws [Accessed on: 04 October 2016]. Australian Government. 2016. Department of Environment and Energy. [Online]. Available at: https://www.environment.gov.au/about-us/legislation [Accessed on: 04 October 2016]. Bagshaw, K. 2013. Audit and Assurance Essentials: For Professional Accountancy Exams. John Wiley Sons. Coleman, L.B. 2015. Advanced Quality Auditing: an Auditors Review of Risk Management, Lean Improvement, and Data Analysis. ASQ Quality Press. Hoovers.com. 2016. Metcash Ltd competition. [Online]. Available at: https://www.hoovers.com/company-information/cs/competition.metcash_limited.3691f573f8f5ef59.html [Accessed on: 04 October 2016]. Institute of Internal Auditors. 2011. Auditing the Control Environment. [Online]. Available at: https://www.iia.org.uk/media/97410/Auditing%20the%20control%20environment.pdf [Accessed on: 04 October 2016]. Metcash. 2015. Annual Report. [Online]. Available at: https://www.metcash.com/wp-content/uploads/Metcash-Limited-Annual-Report-2015.pdf [Accessed on: 04 October 2016]. Pickett, K.H.S. 2006. Audit Planning: A Risk-Based Approach. John Wiley Sons. Pwc.com. 2012. Emerging Risks and the Impact on Your Audit Plan. [Online]. Available at: https://chapters.theiia.org/san-francisco/Documents/IIA_Luncheon___Emerging_Risk_impact_on_Audit_Plan.pdf [Accessed on: 04 October 2016].