Management Issue Paper Essay Example | Topics and Well Written Essays - 1250 words

Management Issue Paper - Essay Example This is while guaranteeing the organization’s success. This paper will examine such challenges, and how managers are forced to change to solve such problems, lest they fall victim to an ever-changing business environment. Business leaders need to work on their strategies to ensure they stay afloat in an environment that requires innovation, brilliance, and sharp minds. This means that, business leaders must always change and reinvent themselves with the hope of remaining relevant to their organizations. This may be through helping to attain the organization’s targets and goals, hiring a task force that may manage to keep up with the changing times, uphold the organization’s code of ethics, and most importantly; be a leader. However, challenges and issues arise in and outside the organization that require immediate intervention from managers. Generational differences in the workplace are one such external issue managers have to contend with regularly (Glicken and Robinson 136). Challenge for Managers in the Workplace Tension and interesting dynamics are often created in the workplace due to generational differences. ... o manage to make it into such business organizations have to face the fact that their input is limited, and may only go as far as the older members of the organization dictate. Innovative ideas that may be fresh from university or college have to take a backseat as older organization members dictate the terms of their operations (Goad 99). Generational differences in the workplace may be an issue that affects some, if not all organizations. The proposal to have a specific age limit in the organization is often met with resistance, and sometimes leads to significant conflicts that affect the overall performance of the organization. The transitions that are taking place in most organizations require steadfast leadership that is keen on putting the organization in the frontline, rather than the feelings and thoughts of a few individuals. The gaps that are present in the workplace form the basis for most misunderstandings as there are clear divisions between the different age groups pres ent (Goad 122). This creates conflict, which means that the organization’s culture does not revolve around the ethic of care and compassion. Why this is a problem for managers and how it impacts the business Managers in an environment where there are so many sets of values, work styles, and expectations require the skill-set to be leaders, and not just organization heads. In this environment, they are meant to act as mentors where teaching, and not telling, should be the manager’s approach. Some of these critical skills are aimed at bringing out the best in people who work in that organization. However, when faced with such a challenge, managers tend to shy away from their functions. It becomes next to impossible for them to manage their employees, especially those who might be their

Audit and assurance Essay Example | Topics and Well Written Essays - 2500 words

Audit and assurance - Essay Example iples and standards allowed the management of corporations to manipulate their accounts easily and according to their own desires leaving behind misery for shareholders and a whole lot of mess for the regulators and the government to manage. This discussion paper will examine the arguments targeting the auditing profession that blamed auditors for not performing their responsibilities and for not doing enough to detect and prevent these cases of fraudulent activities of major corporations in the US. This discussion is supported by presenting details of five important accounting fraud cases which made the headlines and in some cases where auditors were also involved in assisting management in their malpractices. The auditors’ role is primarily viewed as that of verification of financial statements prepared by businesses. However, traditional view of it remained that auditors are responsible for detecting and preventing accounting frauds. The transition from this view to that of independent verification of financial statements was led by emergence of huge conglomerates where shareholdings are dispersed and the concentration of auditors’ investigation is not on the management’s honesty in preparing their accounts (Singh 2003). ISA 200 provides details of overall responsibilities of independent auditor and sets out the scope and nature of audit activities to be performed in accordance with international auditing standards. It states that the auditors’ role is to increase the confidence of users of financial statements by making a presentation on all material aspects of information disclosed in financial statements. However, it emphasizes that auditors do not relieve management from their role in corporate governance and ensuring the correctness of information provided in financial statement. The auditors are required to provide reasonable or high assurance regarding that financial statements are free from material misstatement. However, it is not in anyways an