Business

You suffer recently accepted the position of Vice-President, Internal Audit, from RBD Chemicals Inc. (RBD), champion of the top four chemicals manufacturing and distributing corporations in Canada. RBD is based in Confederate Ontario and has six other plants from Halifax to Winnipeg, producing and distributing a complete range of industrial and agricultural chemical products. A fleet of over blow tanker trucks, including 10 especially designed for hazardous products, armed service the plants and their customers all over Canada and the northern United States.

In 2010, RBD record a record profit of $173 million on gross sales of $1,486 million, its 12th consecutive year of increasing profits. During your period of orientation, the chief executive officer assigned the first formal task to you as follows:

I am very aware that we are in a risky business and that careful semipermanent and contingency planning is essential to our success. I justified your appointment at the vice-president direct and the generous budget for your staff to my colleagues and the board largely in terms of risk management. Over your one-month period of orientation in our various plants, give some thoughts to a display I want you to make to our senior management and board in six weeks.



Take about 20 minutes of your presentation to demonstrate, in very clear, practical terms, how you plan to develop your long-term audit plan at RBD. Essentially, tell us how you go forth decide what to audit and when.

For the last 10 minutes, I would interchangeable you to put your most important conclusions into a framework that go out appeal to the board, especially its less technical members. I have recently seen an approach to audit planning demonstrated at a conference that I attended. They used a risk-assessment ground substance based on deallihood, impact, and controllability to rank various functions and activities as a basis for developing their long-term audit plan. What I would like you to do is to briefly describe how we could use such a framework at RBD.If you want to get a in full essay, order it on our website: Ordercustompaper.com



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