Following attributes are common in successful companies; Focus on use of technology for understanding customers Reduce cost Reduce inventory level Speedup product delivery time Investment to differentiate the products from others
Author: Azmat Ullah, ACA
Successful companies have high score in following nine attributes innovativeness quality of management long-term investment value, social responsibility employee talent quality of products and services, financial soundness use of corporate assets, and effectiveness in doing business globally.
Financial management is efficient use of resource for maximization of wealth of share holders. Like selecting the source of finance with low cost of capital Selecting projects or investment opportunity with high returns
Categories
ISA 200 Summary
Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing ISA 200 Scope “Para 1-09” ISA 200 deals with the independent auditor’s overall responsibilities when conducting an audit of financial statements in accordance with ISAs. Explains the scope, authority and structure of the ISAs. ISAs are written […]
Categories
ISQC 1 Summary
Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements Scope of ISQC 1 Firm’s responsibilities for its system of quality control for audits and reviews of financial statements, and other assurance and related services engagements. Authority of this ISQC “Para 5-1” Applies to all firms […]