The term human capital is recognition that people in organisations and businesses are an important and essential asset who contributes to development and growth, in a similar way as physical assets such as machines and money. The collective attitudes, skills and abilities of people contribute to organisational performance and productivity. Any expenditure in training, development, health and support is an investment, not just an expense. Human capital is getting wider attention with increasing globalization
Internal audit plays a critical role in the Corporate Governance structure and process in an organization and posits as a key component of the independent risk management oversight function. MFI policy on the internal audit function is, therefore, designed to ensure that internal audit provides the Board with the independent assurance that the risk management, control and governance policies and processes are being complied with. The Board of Directors of the MFI is charged under the Audit Charter
Performance appraisal is a method for measuring or evaluating employee’s achievements inside an expressed timeframe utilizing solid estimation criteria with a definitive objective of administer data to the supervisors on the best way to enhance worker’s adequacy. There are tons and extensive variety of literature on performance appraisal. The term has been identical with performance management, performance review and performance evaluation. The performance appraisal is characterized as a precise
The communications audit may be defined as “the process whereby the communications within an organization are analyzed by an internal or external consultant, with a view to increasing organizational efficiency”. (Anthony Booth, 1989) A Communications Audit is a systematic research method, which will identify the strengths and weaknesses of your current internal and external communications. It is a through and systematic examination to determine what is functioning well and what is not. It is a method
Advantage Analysis This part of report will analyse whether Folks DFK & Co. is able to utilise its resources and overcome its certain issues faced by the firm to sustain competitive advantage in current market. 4.5.1 Resource Allocated A. Human Resource The firm's human resource management is mainly controlled by partners, which include the involvement of partners in the recruitment process. Human resource department will select candidates with certain requirement to be shortlisted for interview. However
and explanations attempted. Research philosophy adopted contains important assumption about how world is viewed basing on positivism and Phenomenology. Positivists therefore believe that reality is stable and can be observed and described in an objective manner (Saunders et al., 2007). Positivism assumes
The study was guided by the following objectives: to assess the effects of the control environment on financial performance of FIDA Uganda; to examine the effects of the control activities on financial performance of FIDA Uganda and to establish the effects of the monitoring on financial performance
shareholders that the prepared financial statement is correct. That why the auditors conduct an audit on the financial statement of a firm with integrity and independence so that it is free from error and fraud. The research is going to show in regards to Critical analysis of the independence of the internal audit function through its relationship with management and the audit committee and the audit committee create threats to independence. Thus, this assignment focus is on the internal auditors
1. Purpose / Objective To provide guiding principles and rules for preventing or managing Conflict of Interest (COI) situations whether existing, potential or perceived. Conflict of Interest situation arises when an employee’s personal interests either influence, have the potential to influence, or are perceived to influence their decision making at XXX Group (XXX). XXX Employees must ensure that employee’s business judgment and decision making is not influenced by undue personal interests. 2
requirements, no one may audit the financial reports of an organization in which they have a financial interest. Clearly audit firms are subject to the same ethical duties as practicing auditors with respect to the observance of the accounting rules and standards that serve to make audits useful to their end-users. The provision of subordination of maximizing profit to the maintenance of auditing standards, the creation of a culture that supports auditor integrity and the adequate resources and training are