External Analysis of My Company & PEST Analysis Research Paper

Outer Analysis of My Company and PEST Analysis - Research Paper Example Monetary Factors People’s level of salary to browse less expensive substitutes, costs of crude material Social Factors Taste and interest for chocolates in a specific district Technological variables Introduction of new procedures and strategies for creation The company’s ecological investigation can be embraced by the assistance of PEST examination. Since Hershey works internationally, stress that the nearby factors influencing the organization vary in different locales. In any case, there are general natural elements which incorporate political elements. These elements can influence the activities of the organization as, for example, the administration of the locale where Hershey works revises its arrangement identifying with fare and import methodology or may present some other changes eventually influencing the tasks of the organization. Then again, laws, for example, work or buyer products laws, in any locale can likewise influence the organization. To more readily delineate the previously mentioned with model, it must be noticed that today Hershey has built up its essence in Canada and Mexico because of NAFTA (Smith 132). Financial components like any adjustments in the economy, for example, costs of sugar, gather of cocoa and so on., can influence the organization too (Smith 132). The way of life and the pay of the individuals in the locale will likewise influence the company’s deals; it implies that individuals in less created nations may devour less chocolate than they used to do before financial changes. Social components, for example, people’s taste (for example, more appeal for dim chocolate over white chocolate), will influence company’s focus in some specific market. At long last, innovative elements, for example, progressions in mechanical procedure and better approaches for chocolate producing, can likewise influence the organization (â€Å"Annual Report† 4, 7). Industry Analysis FORCES INTENSITY Threats of new contestants Low Bargaining intensity of providers High Bargaining intensity of clients Low Pressure from substitute items High Rivalry High Nowadays the chocolate business is by all accounts stale with deficient number of amazing players entering the market due to the huge capital necessities and exacting guidelines; be that as it may, the current significant players have caught their business sectors well. There is extreme rivalry among existing mammoths. High reliance on the providers for cocoa beans, which are for the most part found in Africa (70%), makes the situation of a provider inside the business more grounded. Then again, the clients are generally managed through retail chains, which doesn’t offer them a chance to take a sufficient situation to control costs (â€Å"Annual Report† 5). Contender Analysis The opposition inside the business is exceptionally extraordinary. So as to win a piece of the overall industry the contenders attempt to freely exten d their business sectors. Notwithstanding the immediate rivalry from inside, the business needs to confront roundabout rivalry from outside. Nibble nourishments, grain, frozen yogurt makers are very fruitful in getting a similar market too. A portion of the contenders of Hershey are Mars, Nestle, General Mills, Hain Celestial Group, and Kraft and so on. (Michman and Mazze 205). Market Analysis GLOBAL MARKER SHARE OF DIFFERENT COMPANIES Company Market share Cadbury and Kraft 14.8% Mars 14.6% Nestle 7.8% Hershey 4.6% Ferrero 4.5% Others 4.9% (â€Å"

Design Differences in Qualitative vs. Quantitative Research :: sociology,

The structure contrasts in subjective research in contrast with quantitative research clearly observed are these: subjective research includes words, pictures, or items; quantitative includes information as numbers and insights. The specialist utilizes top to bottom meetings in subjective research to discover how the subjects see their reality. In quantitative research the scientist utilizes exact estimation to anticipate speculations. In subjective research the scientist changes nature of the subject and uses these inside and out polls to discover varying mentalities about the world we live in. Quantitative can be close to home, for example, in occasional encounters with the scientists to examination side effects and record information. Subjective and quantitative can cover in the in-dept talk with process in quantitative research to record information and guineas pigs for indications. The two plans can cover however there are at long last contrasts, for example, numerical informati on assortment and measurements that will consistently be in conflict. I will consistently differ with the explanation that quantitative research is generic since experience is the best information to realize that isn't accurate despite the fact that on a superficial level quantitative research appears to be indifferent in light of the fact that crude information is gotten. It initially starts with the meeting in the two techniques. At that point it advances and branches off into two altogether different techniques. The human quality is there all through the examination in quantitative research however you are required to attribute information into the framework day by day. At the point when you meet with the specialists occasionally you are helped to remember the human quality. Analysts in all examination care about their subjects, if even in proficient way. In completion, these are the authoritative contrasts between the two strategies that are generally perceived: The quantitative technique initially includes a hypothesis and theory unmistakably expressed to start with, the subjective strategies don't define a speculation until the finish of the examination. Besides, the quantitative strategy includes control and control. A case of control is the medication the control is the fake treatment. The medication is the instrument, you are being probed, the information you give is broke down and a hypothesis or theory is contemplated. At that point the information is decreased to insights that are unique and reasonable by statististitians. Besides in correlation, subjective research closes with the theory, includes rise and depiction of the world through the subjects eyes, the scientist changes the subjects condition so the he/she can see how the subject responds in specific manners, the specialist estimates enthusiastic reactions and is legitimately engaged with the examination similar to a confederate, or a fair onlooker.

Psychology Of Financial Planning Investing - Myassignmenthelp.Com

Question: Talk about the Psychology Of Financial Planning Investing. Answer: Earlier investigations uncover that greater part of people are monetarily fruitful can be believed to have settled on keen money related choices for their entire life. At the beginning it tends to be said that budgetary organizer are of the view that the previous individuals begin settling on keen choices, the sooner individuals become acquainted with where they need to get to, and it is imperative to have a key intend to show up there. The more extended individuals pause, the more individuals want to spare so as to show up at that objective. Basically, this standard is especially helpful for long haul investment funds targets. th current examination expects to proves the way that in the event that on the off chance that individuals mean to get settled in the years in front, at that point according to budgetary organizers at that point presently is the opportune time to start to accept activities. By building up a sound money related arrangement in the here and now can have a superio r feeling of monetary opportunity tomorrow. All things considered, with each part of funds redid to the aspirations, individuals can lay a pathway that is fundamentally clear just as simple to seek after. As appropriately showed by Austin et al., (2014), money related arranging can be viewed as helpful just as significant devices for extraordinarily youthful people hoping to create and improve their general resources in an offer to appreciate an agreeable budgetary situation in after life. Basically, it is additionally critical that individuals select the privilege money related organizer, together with the proper income model to help with meeting the drawn out goals. The drawn out money related goal of youthful individual will much of the time include advancement of benefits in an offer to appreciate a monetary safe and made sure about budgetary possibility. Additionally, numerous people inside the age of 25 years to 40 years neglect to put the structure obstructs in an offer to accomplish their target. Larger part of the populace can imagine a brilliant future, anyway numerous people are basically not doing the basic arrangement. Lusardi Mitchell, (2017) suggests in the investigation that monetary arranging is required for adequate development of advantage and need not be postponed or disregarded by any youthful individual having enormous aspirations for the up and coming period. Nonetheless, the most ideal approach to verify that individuals are on the correct way is to get arranging at the beginning time. Monetary training isn't approved to be a piece of the school educational plan in New Zealand. A private trust named Enterprise New Zealand Trust has structured exhaustive budgetary instruction program for especially optional schools so as to create mindfulness in regards to money related arranging. Lusardi Mitchell, (2017) proposes that individual money related training at the auxiliary school level can help in making a commitment to development of the economy by progress of budgetary proficiency. The legislature in New Zealand founded the Retirement Commission during the year 1993 so as to create just as convey individual monetary instruction to all the New Zealanders. Numerous people imagine that there is have to collect a particular mystical measure of riches satisfactory can be viewed as the uncertain term that they use before individuals can even start to reflect about budgetary arranging. This positively brings up the issue what precisely is satisfactory. The administration embraces activities to monetarily teach individuals to dispose of wrong observations. Agarwal et al., (2015) recommends that there is no base sum that individuals need earlier individuals start, in light of the fact that the methodology of money related arranging isn't labeled to explicit numbers. The budgetary proficiency can assist New Zealanders with understanding the way that it is imperative to know the current state and afterward determine their future money related state. As indicated by Curl et al., (2014) this can be accomplished by considering people resources, credits, profit just as exhausts before arranging the required activities to help in accomplishing the f uture objectives. As indicated by an examination completed by OCBC Bank with 500 rising prosperous families, around 40% wanted to be educated about the way that it is never past the point where it is possible to start arranging since monetary arranging is neither for present moment nor for the drawn out objectives. For regular couple who are in their 30s, their targets incorporate buying a house, getting the subsequent vehicle, paying for the training of the youngsters, putting something aside for retirement, and saving assets for mature age guardians. The couple can do well by investigating the endless commitment of different instruments past fixed stores to be specific unit believes, gift plans, and outside monetary forms at the hour of making arrangements for remote training for their children. Once more, so as to accomplish achievement throughout everyday life, monetarily arranging is fundamental for all, especially for school graduates who will endure monetarily autonomously from their folks without precedent forever, experiencing elevated levels of expenses of living in lion's share of urban communities and limited measures of assets to get by as a green hand especially in their vocation. School graduates are as often as possible found out to accomplish dreams of a major living arrangemen t or a vehicle, yet by and large have no idea of the method for arriving (Davies, 2015).And undergrads of New Zealand just accomplish a score of roughly 62% in tests on close to home money as they watch budgetary arranging help excessively ill defined, too definite or, more than likely not profitable enough. In this way, on the off chance that if prologue to especially money related arranging can be planned according to the premiums just as needs by understudies, school graduates can have the precise inspiration alongside information for gaining control of their accounts and achieve monetary security by building insightful choices from the earliest starting point. As indicated by study concentrate by Boisclair et al., (2017), undergrads lay incredible significance on the zones that convey monetary security, for example, retirement arranging and an assessment of wellbeing and necessities of extra security. In any case, vehicles of positioning venture are critical for accomplishment o f retirement arranging in the floor as they have lacking information on every one of these instruments together with the time estimation of cash. In this manner, undergrads additionally need to counsel organizer for speculation ahead. It will be simpler for them to spare that may appear to be unrealistic, build up specific objectives and think about likely arrangements after their graduation. Additionally, they can likewise prepare by setting up a rundown of the monetary targets by recognizing needs just as courses of events around tentative arrangements, approximating the sum basic to accomplish destinations and distinguishing the significant objectives in the occasion when cash in their grasp gets tight. For this reason they also can make an arrangement for sparing and learn the sum that the understudy expects to put aside all the time so as to meet the targets (Baker Ricciardi, 2014). In light of the discoveries, it very well may be thusly said that monetary arranging isn't just for rich however for all. Moreover single experts additionally have need of money related arranging. Alluding to a case can help in understanding the case. A solitary lady proficient filling in as colleague educator at a main University finished her doctorate and remains with father who is monetarily dependent. Once more, her vocation is basically requesting. Being single proficient and having no wards additionally makes her lighthearted with respect to budgetary arranging and was subject to father for this. Be that as it may, her dad confronted a mishap and died. Other than enthusiastic misfortune, the budgetary existence of cheerful young lady was in risk since she had no origination with respect to the best approach to deal with her accounts. Joined Nations Development Program announces in a report that ladies performs around 67% of the universal activities yet gain 10% of the absolute worldwide salary and have roughly 1% of the all out global resources. In any case, for this situation ladies gain a low sc ore in money related proficiency (Hong Hanna, 2014). The SP Ratings Services Global Financial Literacy Survey for the year 2014 mirrors that there are sexual orientation holes in budgetary proficiency. They can follow the activity plan of turning out to be mindful moneywise, oversee hazards and create possibility support. Thus, mid vocation wedded couple have a few dreams to satisfy at a given point in time. A case shows that Ron and Sharon Beck matured 38 years split distinctive cash errands. They didn't anyway examine cash before their marriage; consequently dropped out on issues with respect to acquisition of investment property by contract installment upto half (Davies, 2015). In this way, for their situation money related arranging and guidance of budgetary organizer is basic for accomplishing monetary similarity. Senior corporate administrators too experience selective difficulties of budgetary arranging, as their money related positions are essentially legitimately attached to especially accomplishment just as societies of the organization they work for.The intends to beat this test is to synchronize the projects of the organization with individual resources and monetary goals of officials. Greater part of counsels and money related firms don't have this information (Agarwal et al., 2015). Thusly, it is fundamental that the ones who focus on working with corporate administrators acknowledge corporate projects and perceive approaches to create plans that guarantee money related security of officials in the long haul. All in all, in light of the investigations it very well may be said that money related arranging is a powerful method for producing budgetary similarity for New Zealanders in various stages and circles of life. Consequently, so as to make budgetary progress individuals at various domains can build up a solid premise by understanding issues of cash and taking an interest in issues of cash after legitimate monetary arranging. References Agarwal, S., Amromin, G., Ben-David, I., Chomsisengphet, S., Evanoff, D. D. (2015). Budgetary education and money related arranging: Evidence from India.Journal of Housing Ec

An Essay Topic That Will Help You Get Good Grades

An Essay Topic That Will Help You Get Good GradesWhether you are a high school student or a college student, a good comparison essay topic can help you in writing a very effective essay. But it is important to realize that not all college professors prefer to use the same essay topic for their students.Even though a different topic may seem like an obvious choice, many professors may think differently because of the subject matter of the assignment. In order to come up with a theme or a particular topic that will meet the needs of your professor, you need to consider the following questions.First, do you want a topic that is easy for you to write or one that will make it harder for you? If you are the type of person who likes to put lots of information into a short essay, you might prefer the latter. If you just need to express your thoughts in an easy and concise manner, you might be best served by choosing a topic that requires less writing time.Most college professors are going to have different opinions on the subject matter and their opinions will come into play when evaluating your essay. Most likely, your topic will most likely require a fair amount of explanation to get through. The better written your essay topic is, the easier it will be for you to tackle the discussion sections.Next, are you an essay style novice or one who is used to writing essays that go right over the heads of college students? If so, you should probably avoid using humor, colorful language, or other elements that are common among common college students. You need to read about them and have more experience when it comes to writing essays before trying to develop them.Finally, do you think you are a great writer or do you just think you know how to make up ideas? While it may be true that many people just write down whatever comes to mind, this may not be the case for you. In addition, do you think you can handle the pressure of submitting an essay that needs to be graded on a hi gh standard?By following the tips listed above, you can come up with good comparison essay topics for your grade. No matter what your level of writing ability, you can find good topics that will help you become a better writer.

How World War II Affected Women

Womens lives changed in many ways during World War II. As with most wars, many women found their roles and opportunities—and responsibilities—expanded. As Doris Weatherford wrote, â€Å"War holds many ironies, and among them is its liberating effect on women.† But the war also results in the special degradation of women, as victims of sexual violence. Around the World While many of the resources on this topic address American women specifically, Americans were by no means unique in being affected by and  playing critical roles in the war. Women in other Allied and Axis countries were also affected. Some ways in which women were affected were specific and unusual: the comfort women of China and Korea and the extermination and suffering of Jewish women in the Holocaust, for example. Women were among those held in internment camps by the United States for being of Japanese descent. Women and the Holocaustâ€Å"Comfort Women: of China and KoreaMargaret Bourke-White Photographs including of concentration and work campsJapanese Internment in the U.S. In other ways, there were similar or parallel global experiences: the advent of British, Soviet, and American women pilots or the worldwide home-makers burden of coping with wartime rationing and shortages, for example. American Women at Home and Work Husbands went to war or went to work in factories in other parts of the country, and the wives had to pick up their husbands responsibilities. With fewer men in the workforce, women filled more traditionally male jobs. World War II: Women at HomeWorld War II: Women at Work  (Images: Rosie the Riveter and Her Sisters)World War II: Women and Government Eleanor Roosevelt, First Lady, served during the war as the â€Å"eyes and ears† for her husband, whose ability to travel widely was impacted by his disability after he’d contracted polio in 1921. American Women and the Military In the military, women were excluded from combat duty, so women were called on to fill some military jobs that men had performed, to free men for combat duty. Some of those jobs took women near or into combat zones, and sometimes combat came to civilian areas, so some women died.  Special divisions for women were created in most of the military branches. World War II: Women and the MilitaryWASP: Women Pilots of World War II More Roles Some women, American and others, are known for their roles resisting the war.  Some of these women were pacifists, some opposed their country’s side, and some cooperated with invaders. World War II: Women Spies, Traitors, Pacifists, and War OpponentsTokyo Rose: imprisoned for treason, eventually cleared, pardoned in 1977Josephine Baker Celebrities were used on all sides as propaganda figures. A few used their celebrity status to work to raise funds or even to work in the underground. World War II: Women Celebrities and the WarLeni RiefenstahlLillian HellmanFuture celebrity Marilyn Monroe was photographed in a World War II factory job For further exploration, see the excellent read on the topic: Doris Weatherford’s American Women and World War II.

Symbolism, And Imagery In George Orwells Animal Farm

As a boy, George Orwell felt as if he was alone. He described his school as split into distinct classes. â€Å"There are minority with an aristocratic or millionaire background, there were children of the ordinary suburban rich, who made up the bulk of the school, and there were a few underlings like myself†¦Ã¢â‚¬  (pg. 43 Orwell). Later on, he fought in the Civil War, and then went to become a radio announcer for World War 2. His life experiences inspired â€Å"The Animal Farm†. George Orwell integrated imagery, analogy, and irony into â€Å"Animal Farm† through symbolism, thematic issues, and author’s tone and use of various forms of literary devices. The animals represent positions in society. The pigs, such as Old Major, Napoleon, Squealer, and†¦show more content†¦The revolution was both of their only thoughts. â€Å"Rebellion will come, it might be in a week or a hundred years, but as I know, as surely as I see this will be done, â⠂¬Å"said Old Major (pg. 7). Boxer was easily manipulated. He exemplifies the working class of a society where communism is prominent. He specifically represents the Soviet Union’s working class. The Soviet society was brainwashed. They believed any piece of information given, when I reality that information was incorrect. The working class experienced betrayal by their country and leader. Napoleon betrayed many such as Boxer, who worked very hard and put trust in his leader. George Orwell utilized the form to symbolize various classes in society. The use of a farm as a setting demonstrates the idea of being secluded. A farm has fences in all directions; therefore, one can infer that the animals are trapped. Are we trapped in society as well? The animals did not want to associate the classes into one; they wanted to gain freedom from man. The fence can also represent a society as one because being in close quarters has merged the animals together to rebel as one un it against the common enemy the different areas of which the animals rest in symbolizes the different levels of wealth and class as well. When the animals came together on behalf of Old Major and Napoleon, they organized a rebellion. The Russian Revelation relates to the farm rebellion. The farm began with goodShow MoreRelatedCommentary on the Satiric Nature of George Orwells 19841926 Words   |  8 Pageslittle consequence to society, is certainly achieved through a concoction of literary styles. The most enduring and effective works of literature exhibit an artful combination of literary device and aforementioned technique. Without a doubt, George Orwell’s Nineteen Eighty-Four exhibits such a blend of style through characteristics of a dystopian novel and satire. Orwell lived in a time when the spread of communism, mostly unbeknownst to his audience, posed an unimaginable threat to freedom. ThereforeRead MoreA Marxist Critical Approach to Fitzgerald’s The Great G atsby Essay example1597 Words   |  7 Pagesfirst sign of the lower classes rising to the forefront of the political agenda at the time is evident from Wilson’s questioning of Gatsby in relation to his car, â€Å"When are you going to sell me that car?† Parallels can be drawn between this and George Orwell’s Nineteen Eighty-Four and the concept of â€Å"thought crime†. Here, the proletariats are punished for attempting to register an ounce of free will. This aids the reader’s understanding to a great extent within The Great Gatsby as we see that WilsonRead MoreANALIZ TEXT INTERPRETATION AND ANALYSIS28843 Words   |  116 Pagespreaching, propaganding a favorite idea, or encouraging some form of correct conduct, theme may mean the moral or lesson that can be extracted from the work, as with one of Aesop’s fables or Parson Weems’ famous (and, sadly, apocryphal) story about George Washington and the cherry tree. Theme is also used som etimes to refer to the basic issue, problem or subject with which the work is concerned: for example, â€Å"the nature of man†, â€Å"the discovery of truth†, or â€Å"the brotherhood of man†. In this sense,

Perverse Audit Culture and Accountability

Question: Discuss about thePerverse Audit Culture and Accountability. Answer: Introduction The modern world with a rising economic infrastructure requires new and modern tools and techniques to overcome the constraints of a growing world. The economic condition of the world is booming at its peak and every organization working in this environment needs to keep an innovative tool to evaluate its own nature and condition of the business. The industries need to look after the financial part of the company, which is one of the core areas involved in the smooth movement of a business. The proper analyzing of the income and expenditure is essential through proper evaluation of the statements and information of facts, which are relevant and verified (Geerts et al.2013). This report deals with the basic auditing practices, which are done by every organizations present in an economy in order to evaluate the process of production and set policies and regulations in order to gain competitive edge in the market. The report also emphasizes on the role of auditors and how the work of auditing is important to every organization throughout the world. Brief overview of the topic as covered in the article including the nature of the auditing issue The topic covers the problems arising in HIH insurance leading to its collapse which is stated to be the biggest tragedy in the Australian Market. This article focuses on the auditors independent issue and other ethical considerations that affected the firm badly along with the other parties related with the firm including the policyholders. The problem related with auditors independence is being analyzed and proper recommendations are suggested which HIH insurance could have done to avoid such an issue. Auditors independence- Audit independence issue played a major part in the collapse of HIH insurance. The auditors should be given enough liberty to provide an impartial prospective in the evaluation of results regarding the presentation of audit and its report (Blay and Geiger 2013). According to the reports of HIH Royal Commission, the royal commissioner revealed that Arthur Andersen was not self-regulating himself in his work and had not proficiently enacted the duties of an auditor. Three former partners of Andersen acted as the HIH Board of Directors who continued to receive fees and that generated the threat of familiarity because of a close personal relationship which restricted Arthur Andersen to work independently. APES 110 Code of Ethics takes into account the liberty matter with Section 290.28 of new policy from July 1, stating auditors of listed and public interest firms should converse with governance people in the firm continuously about stuff related to independence (Tepalagul and Lin 2015). Ethical Issues and their financial and non-financial consequences on stakeholders Ethical issues that generated in the audit profession triggered a collapse of HIH insurance. Ethical behavior in corporate world is the values and principals one works on. It so happens that professional auditors do sometimes get stuck midway that crop up from professional predicament. Auditors need to abide themselves by the ethical standards so that the shareholders get a fair deal. Objectivity, confidentiality, integrity, professional behavior and professional competence are the five principles that bind the work frame of auditors (Knechel et al. 2012). During the period from 1997-2000 HIH insurance paid Arthur Andersen around $5.1 million as audit fees and with $2.8 million going in the non-audit section. Adding to that Andersen earned around $5.097 million from auditing the monetary declaration of HIH insurance and $2.824 million from contribution in non-audit services. The issue that strikes here is that was providing Arthur Andersen with non-audit services ethical on the part of the management keeping in mind the best interests of shareholders. The HIH insurance management was uncertain in escalating the total of audit fees supposed to be paid to Arthur Andersen; Andersen wanted to lessen the quantity of service rendered on the HIH audit. Jeffrey Simpson , an ex-accountant of HIH insurance affirmed that the close association of HIH insurance management and Arthur Andersen facilitated HIH insurance to adopt aggressive accounting policies. As Andersen was also assigned to non-audit services, the real job should have been to take care of third party policies and to present the shareholders with a fair value of opinion with real picture existing in companies audit report. In case of HIH insurance, stakeholders were at plenty and the firms downfall did affect them badly. The collapse of HIH insurance was due to major players like Regulators, auditors and the Government. The shareholders of HIH suffered losses on their investment and certain reports that did the rounds after its collapse is that their insurance contracts were not privileged and claims not rewarded. APES 110 Code of ethics states that there should be credentials and recognizing the threats related to independence (Martinov-Bennie and Mladenovic 2015). When safeguards are essential to reduce a threat to an acceptable level, one need to document the nature of threat and reduce it to a satisfactory level. Analysis of the problem in the context of relevant ethical theories and agency theory Agency theory defines that as a consequence of information asymmetries, principal do not have enough reasons to trust their agents. Principal do seek to determine these anxiety by putting accordingly mechanisms to bring into line the iterests of agents as well as principals and to diminish the scope for information asymmetries and opportunistic actions. Difference in motivation and information asymmetries lead to apprehend the dependability of information causing to impact the trust level that principals will have on their agents. It is the duty of the auditor to verify the exactness and accuracy of the information offered by corporations. He plays the role of a mediator between the management and the client of this monetary information. To lessen the information asymmetry the auditor needs to communicate with those in need of the information he presents. Recommendations The above report analyzes the different roles of auditing which is important for all the organizations to overcome the weak links present in a firm. With respect to the company taken into consideration which is HIH, it can be observed that a good governance can be reachable through proper policies and administrative actions. The implementation of the best practice of ethics and governance is also important for the company to achieve its goals. Good corporate governance will be helpful to create a good working environment to reach success and to analyze the main problems which are the reasons for the failure of the company HIH. A good and sound auditor will demolish the poor management and problems resulting out of lack of skills and attention. The liability for performance and integrity in the internal system of the company can be rectified too. The auditing process provides a good administrative policies and regulations which enables the management to differentiate between the diffe rent operations and should act for the best interests of the company (Craig, Amernic, and Tourish2014). The line of authority and delegations and development of code of conduct to cover up the legal and management guidelines is an important way to monitor and review the strategic operational and projects integrated (Gray and Laughlin 2012). Conclusion The report justifies that the best corporate governance practice is required to allow good financial performance and increase the returns for the shareholders. The lapse in the monitoring model is a factor for the disregard of the principles of good corporate administration. HIH failed in attaining the periodical evaluation of the corporate practices and the policies and regulations of the company. This led to the collapse in all the sectors of the company. Thus new effective methods need to be introduced to achieve the goals of HIH and the need of a auditing and a sound auditor is required to help gain the competitive edge of the organization. Reference Blay, A.D. and Geiger, M.A., 2013. Auditor fees and auditor independence: Evidence from going concern reporting decisions.Contemporary Accounting Research,30(2), pp.579-606. Carnegie, G.D. and OConnell, B.T., 2014. A longitudinal study of the interplay of corporate collapse, accounting failure and governance change in Australia: Early 1890s to early 2000s.Critical Perspectives on Accounting,25(6), pp.446-468. Craig, R., Amernic, J. and Tourish, D., 2014. Perverse audit culture and accountability of the modern public university.Financial Accountability Management,30(1), pp.1-24. Geerts, G.L., Graham, L.E., Mauldin, E.G., McCarthy, W.E. and Richardson, V.J., 2013. Integrating information technology into accounting research and practice.Accounting Horizons,27(4), pp.815-840. Gray, R. and Laughlin, R., 2012. It was 20 years ago today: Sgt Pepper, Accounting, Auditing Accountability Journal, green accounting and the blue meanies.Accounting, Auditing Accountability Journal,25(2), pp.228-255. Knechel, W.R., Krishnan, G.V., Pevzner, M., Shefchik, L.B. and Velury, U.K., 2012. Audit quality: Insights from the academic literature.Auditing: A Journal of Practice Theory,32(sp1), pp.385-421. Martinov-Bennie, N. and Mladenovic, R., 2015. Investigation of the impact of an ethical framework and an integrated ethics education on accounting students ethical sensitivity and judgment.Journal of Business Ethics,127(1), pp.189-203. Tepalagul, N. and Lin, L., 2015. Auditor Independence and Audit Quality A Literature Review.Journal of Accounting, Auditing Finance,30(1), pp.101-121.