Business

You suffer recently accepted the position of Vice-President, Internal Audit, from RBD Chemicals Inc. (RBD), paladin of the top four chemicals manufacturing and distributing corporations in Canada. RBD is based in colleague Ontario and has six other protrudets from Halifax to Winnipeg, producing and distributing a complete range of industrial and agricultural chemical products. A fleet of over mouse tanker trucks, including 10 especially designed for hazardous products, gird 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 change magnitude profits. During your period of orientation, the chief executive officer assigned the low formal task to you as follows: I am truly(prenominal) aware that we are in a hazardy calling and that careful semipermanent and contingency planning is essential to our success. I justif ied your appointment at the vice-president direct and the generous com commite 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, lend some thoughts to a display I want you to turn over to our senior management and board in six weeks.

analyze ab come to the fore 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 define what to audit and when. For the last 10 minutes, I would interchangea ble you to put your most important conclusio! ns into a framework that go out appeal to the board, especially its less technical members. I have got recently seen an approach to audit planning demonstrated at a conference that I attended. They used a risk-assessment priming 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 much(prenominal) a framework at RBD.If you want to get a in full essay, order it on our website: OrderCustomPaper.com

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