Business Research Essay Example

  • Category:
    Business
  • Document type:
    Research Proposal
  • Level:
    Undergraduate
  • Page:
    2
  • Words:
    757

ACF306 – BUSINESS RESEARCH

Research Paper Proposal Form

Audit committee and firm performance

Research Aim: The aim of this research is to Identify the effect of audit committees on business performance.

Research Objectives, Research Questions or Hypothesis: The hypothesis in this case is based on how many businesses use similar audit management standards and the effect the will have on the business. This is aimed at observing the impact of an audit on businesses. The first hypothesis focuses on a sample of businesses from one locality. This will highlight on the activities of the business and in a different set up. Audit systems are crucial when it comes to measurement of a company’s performance.

Proper analysis of these audits which include review of the income statement, cash flow statement, and statement of business financial position is important. The audit is important because it helps tell how the performance is performing both currently and in recent times. The task at hand here is to research on audits. Analyzing the performance of various businesses and then identify the areas that need to be worked on (Brigham and Houston, 1998).

The company selected for this assignment is a sample from the local businesses. A brief description of the businesses is that they operates in the financial service sector. The businesses provides services such as service management and goods provision to both corporate and retail clients.

Before every study embarks, the people involved must make several hypothesis. These hypothesizes help in achieving the aims of the study since they act as a guide for the study. Hypothesis are intelligently made so that at the course of the study, researchers can be able to determine whether their hypotheses were correct or wrong. This means that the study must be able to proof right or wrong the hypothesis that was made before the study was started.

What was collected from the first business sample proved that the focus of attention was not wholly determined by the business performance. As a way of trying to test the hypothesis that abrupt business captures attention of audits were conducted

The first sample proved that a business’s state of operations and readiness does not actually modulate the extent to which audits are conducted. On the other hand the second business sample discovered that the effectiveness of a valid audit, can easily get manipulated by presenting findings either before or simultaneously to the day of the audit operation. In the third sample the business audit findings were closely matched to the financial performance. From the three samples it was found that if there are businesses operating internal audit, performance is better than those that have external audits (Bodie and Merton, 2000).

As per the weaker businesses of relying on external audits, conflicts are raised at the end of the audits. Audits focus on business performance and carrying them internally gives the business themselves a bigger impact than those that are only external. The consequences of business sample three are reliable a control model. Apparently, certain businesses may keep up the capacity to catch irregularities, regardless of the fact that they are kept from doing certain operations on the grounds of conflict of interest. The outcomes depicted constrain that the impacts of audits boosts in an undertaking of business operations, for example, as a part of this investigations of businesses must be intervened by a progression of covering procedures. As indicated by this research, consideration is initially dispensed to the businesses, and data is extricated from that area; then consideration goes ahead to the following most elevated need area, which for this situation would be the onset area (Smith, 1975). Data separated from these business audits area impacts
reactions to the firms’ performance and in the prompted area through competition.

Research Methodology. The research will be conducted by collection of primary data and complimented by the secondary data collection methods. This will include walk into the businesses and analyzing business procedures. Due to the wideness of the category in this case the broadness of businesses, sampling may be done.

Research Plan: This research will be carried out in three stages. The first being collection of data which will take one week. The second stage will be tabulation of presented findings and the final stage is analysis and presentation.

References

Bodie, Z. and Merton, R. (2000). Finance. Upper Saddle River, NJ: Prentice Hall.

Brigham, E. and Houston, J. (1998). Fundamentals of financial management. Fort Worth: Dryden Press.

Smith, J. (1975). Cash flow management. Cambridge: Woodhead-Faulkner [for] Alex. Lawrie Factors Ltd.