Assignment 4

1. Who are the organization, key share holders and what are their needs? Identify what you consider to be most important shareholder group and describe how to meet their needs impacts on your work.




Shareholders of an organization are the group who are interested in organizations activities. They are so concerned about all activities, Such as operations, financial activities ect…In addition to share holders there are many groups, who are having different objectives in an organization.

Shareholders are the owners of the company. Their main objective is the maximization of wealth. They concern about performance of the organization. Financial position and financial strong ness, going concern, dividends, profitability, soon to ensure company's safety.

Creditors or lenders are another party who are interested about organization activities. They are concerned in company's ability to meet it's financial obligations. They need to know whether the company can pay to it's debtors.



2. How do you judge whether a piece of work has been successful? What aspects of feedback, Did you have on a recent piece of work. (Either from a client or manager) That was successful?



Judge whether a piece of work has been successful or not if it has meet the following requirement for this judgment I use the recent assignment I did, as an example to explain the answer.



A. If it was possible to cover the risk areas.(Reduce and risk of audit as possible. )

B. If it was possible to obtain all the relevant information from the client. ( Completeness of audit evidence )

C. Clear documentation of working papers.

D. Ability to understand or explain the issues from collected evidence.

E. Finish the audit within the given time frame (As per audit plan )

F. Ability to settle Quarries Successfully.