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STARTING UP A SMALL BUSINESS

INTRODUCTION Starting up a small business is a complex activity. There are various things that are required to be taken into consideration. These aspects are required to ensure its sustainability and long term growth in the marketplace. The following report is based on setting up a new business in London, UK by the name of “Barney Confectionery House”. It would cover effective market research to successfully setting up this business and employment laws that are required to be taken into consideration by the entrepreneur. The report also covers ethical dilemmas faced during running the business and actions taken against them to ensure prosperous growth of the business. It also includes accounting basis to clearly determine the financial facet of the company. TASK  It is crucial for any business to produce an outline which covers all the possible aspects of the organisation. For a new business, it is required to define certain elements. As per the scenario, the name of th...

Audit on BHP Billiton Ltd

INTRODUCTION Audit refers to the process of analysing annual reports, accounts, vouchers of a business enterprise to analyse that the financial and non financial statements shows the actual position of the company or not. The auditor is liable to check the annual reports physically and give his opinion on those reports. The main reason behind audit is to ensure that the transactions recorded in financial statements are fair or not, and is there any misrepresentation in the reports. Auditor is the person who is appointed by the executives of an organisation and responsible to analyse annual reports of a company and than prepare a report which is based on his opinion. The company chosen for this report is BHP Billiton Ltd, which is a metals and mining company. This project report is based on auditor's independence declaration and his report, non audit services performed by the auditor, auditor's remuneration, audit committee and its roles function and composition, indepen...