Essay about Value Chain at Crocs, Inc. - 977 Words

The first impression one might have about Crocs products are that they are basically plastic looking shoes that are comfortable and readily available. Customers familiar with this product boast, like on the company website, about the company’s proprietary closed-cell resin, Crosliteâ„ ¢, a technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities(Company.crocs.com, 2011). There are also various comments about how the material does not slip when exposed to water and of the popularity of the shoes since their first sale in 2003(Hoyt Silverman, 2008, p.13). Over the last few years, the popularity of the shoes have dropped off and the purpose of this study is to present an†¦show more content†¦It is extremely important to note that in order for the process to work, all participants of the chain need to perform to maximize the total value added by the total chain(Barber, 2008). Looking at several factors to include financials, product sales, but most importantly, the opinion of the customer purchasing the product, the value chain at Crocs, with the exception of a few years, appeared to be a good one. The company was indeed making money and their customers were happy. Research indicate that a good value chain is one in which a sequence of participants work together as a team, each adding some component of value -- such as faster assembly, more accurate information, better customer response and service, and so forth -- to the overall process(Robbins Coulter, 2009, p.431). This is indeed what Snyder, the CEO, envisioned when he decided to develop a model focused on customer needs - when a customer need more product, they would get it(Hoyt Silverman, 2008, p.5). To that extent, he may have exhausted that strategy and over-produced products and fell into the same pattern that he saw as a competitive advantage. What my value chain would incorporate and why The important point about customers customer was not lost when trying to enact a successful valueShow MoreRelatedEssay Value Chain Management - Crocs Case Study1257 Words   |  6 PagesCrocs splashed onto the scene in 2002 with brightly colored plastic shoes that the whole family could wear. From preschoolers to doctors, these shoes appealed to a vast array of consumers. The reason for Crocs’ success can be attributed to their value chain development. Value chains exist to enhance value created at every step of the manufacturing process, from raw materials to final product disposal or reuse (â€Å"Value Chain,† n.d.). The sequence of this chain gives the customer high value for a lowRead MoreCrocs Case Study Essay1060 Words   |  5 PagesCrocs emerged in 2003, quickly growing in both scope and profitability as a result of its unique value chain management system. Foregoing traditional models, Crocs quickly acquired and established a world-wide network of supply, manufacturing, production, and delivery systems. This gave Crocs the ability to minimize costs, maximize efficiency, and deliver the best value to their customers. Within this customer-focused framework, Crocs created a unique global value management system, superior inRead MoreCrocs Case Study1443 Words   |  6 PagesCrocs made a splash in 2003 when they introduced their funny looking, brightly colored, plastic clogs that the whole family could wear (Hoyt Silverman, 2008). By 2007, the company reported $847 million in revenues (von Briesen, 2009). From preschoolers to doctors, these shoes appealed to a vast array of consumers. The reason for Crocs’ success over the past few years can be attributed to their value chain strategy in which customers ultimately had the power (Robbins Coulter, 2009). Value chainsRead MoreCrocs Shoes Itself in Global Supply Chain2868 Words   |  12 PagesBy: Hanan Alzayied KMBS student-Kuwait-July2012 Crocs Shoes itself in Global Supply Chain Abstract: Crocs, Inc. is a U.S. based shoe designer, manufacturer, and retailer that launched its business in 2002 selling Crocsâ„ ¢ brand casual plastic clogs with straps in a variety of solid, bright colors, Crocsâ„ ¢ introduced an innovative shoe made of a revolutionary material called Crosliteâ„ ¢ technology which held unique characteristics that allowed it to perform on both land and in water. TheRead MoreSupply Chain for Competitive Advantage5791 Words   |  24 PagesCROCS: REVOLUTIONIZING AN INDUSTRY’S SUPPLY CHAIN FOR COMPETITIVE ADVANTAGE BHOOSHAN PARIKH CBS FTMBA 2008-09 OPERATIONS MANAGEMENT TERM PAPER 3/16/2009 Case Study This paper analyses and discusses the supply chain process of Crocs Inc. in a competitive and dynamic footwear industry. The paper critically evaluates the existing supply chain of the company against its current performance and changing market conditions and explains reasons for loss of competitive advantage of the companyRead MoreCrocs Organizational Structure1788 Words   |  8 PagesRunning Head: Crocs Crocs Jess R. Vasquez Colorado State University – Global Campus ORG 500 Foundations of Effective Management Jama Bradley, Ph.D. 21 November 2009 Abstract Crocs Inc., was founded in 2002 and immediately realized success. The company had a great idea and moved quickly to capitalize upon it. Early in 2006 the company entered into its IPO, it too was a huge success. â€Å"At the height of the real estate market, in 2006, the company sold shares to the public, raising more than $200Read MoreCrocs Supply Chain Essay2025 Words   |  9 Pages1. What are Crocs core competencies? * Highly flexible supply chain * Innovative and proprietary material: crosslite * Innovative product development * Efficient manufacturing processes that allows the company to produce more than 250 styles of shoes * Global Marketing amp; Distribution; the company is selling its products in 125 countries 2. How do they exploit these competencies in the future? Consider the following alternatives: a. Further integration intoRead MoreCrocs: A Value Chain of Success Essay1818 Words   |  8 Pagesbusiness strategy models have been designed to give customers more value with their purchases of goods or services. The value chain is the latest proven strategy model which consists of a sequence of activities that create and build value while improving an organizations positioning against its competitors (Robbins Coulter, 2012). Croc’s, Inc. an innovative retail brand footwear company started in 2003 incorporated a value chain strategy which had a dramatic effect on marketplace demands as wellRead MoreOverview of the Blue Ocean Strategy3665 Words   |  15 PagesStrategy†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.07 Blue Ocean Strategy A Dynamic Process†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦08 Blue Ocean Creations†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦09 Blue Ocean Strategy Build Brands†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.10 Blue Oceans: Past, Present and Future†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦11 Mini Case Study: Crocs Incorporation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦13 Introduction Blue Ocean Strategy (BOS) is a new concept in strategic management, introduced by Professor W. Chan Kim and Renee Mauborgne in 2004. After doing detailed research, Kim and Mouborgne found out that mostRead MoreThe Success Of Its Core Competencies3720 Words   |  15 PagesThe purpose of this report is to evaluate the reasons behind the success of Crocs through its core competencies and the analysis of our recommendations. Crocs has been a phenomenal success and there are two reasons that can be attributed to this—our Croslite technology and supply chain. By using different marketing theories such as Porter’s 5 forces and the marketing mix theories, we have uncovered the reasons why Crocs have decided to invest in these strategies. The recommendations raised in this

The Americans With Disabilities Act - 1779 Words

Sitting in his wheelchair at the bottom of the stairs, Zack looks up toward the front door and wonders how in the world he is going to get into the building. To Zack, getting up those seven steps is like climbing Mount Everest. For many disabled Americans, Zack’s experience was an all too common daily occurrence until the Americans with Disabilities Act became law. Before the act was passed, disabled individuals struggled to get around and do everyday activities, such as going to church, going out to eat, and getting to class on time, which were simple for other Americans. When the Americans with Disabilities Act became a law in 1990, it enabled the disabled to take part in the American Dream. The ADA not only ensures equal access and†¦show more content†¦At the same time, many parents of disabled children began to fight against discrimination in the schools. This led to the establishment of local groups that fought for the rights of people with disabilities (1). Before long, individuals with disabilities challenged the idea that they must spend the rest of their life in an institution. Instead, many disabled individuals began to explore the idea of living independently (1). To advance their cause, disability advocates adopted many of the successful strategies of the civil rights movement of the 1960’s, including peaceful protests and sit-ins (2). An important first step towards the eventual passage of the ADA was in the 1973 Rehabilitation Act, which banned federal funded entities from discrimination against the disabled. The next majo r step was the issuance of Section 504 regulations that helped provide for the enforcement of anti-discrimination policies (History of ADA). The eventual passage of the Americans with Disabilities Act in 1990 was the result of the hard work of many dedicated American citizens over a long period of time. President George H. W. Bush compared the enactment of the ADA to another monumental event: the fall of the Berlin Wall. He said, â€Å"And now I sign legislation which takes a

Orem Free Essays

Strengths Orem’s theory provide a comprehensive base to nursing practice. It is functional in the different fields of nursing. May it be in clinical setting, education, research or administration. We will write a custom essay sample on Orem or any similar topic only for you Order Now Moreover, this theory is as applicable for nursing by the beginning practitioner as much as the advanced clinician(George JB. , 1995). Another major strength of Orem’s theory is it’s advocacy for the use of the Nursing Process (Balabagno, et. al, 2006). Orem specifically identified the steps of this process. She also mentioned that the nursing process involves intellectual and practical phases. Limitations The ambiguity of applying theory to nursing practice may lie in the fact that one theory does not always specifically support all aspects of nursing care. Orem’s self care deficit theory may not encompass all aspects of care and needs of a specific client. For instance, some dilemma with Orem’s theory include having an unclear definition of family, the nurse-society relationship and public education areas are weak. These issues are essential in the management and treatment plan in caring for patients. Although the family, community and environment are considered in self care action, the focus is primarily on the individual (Balabagno, et. al, 2006). Another limitation is the definition of health as being dynamic and ever changing with states ranging from health or non health, wellness or illness (Fitzpatrick JJ, 2005). This definition of health directly contradicts the experience of some patients with varying needs and levels of care requirements. One of the most obvious limitations of Orem’s theory is that throughout her work, it can be said that a limited recognition of an individual’s emotional needs is present within the theory (George JB. , 1995). It focuses more on physical care and gives lesser emphasis to psychological care. Other theories address this limitation quite adequately such as Jean Watson’s Theory of Caring. How to cite Orem, Papers

Threats and Risks to Audit Independence- Myassignmenthelp.Com

Question: Discuss About the Threats and Risks to Audit Independence? Answer: Introduction Survey self-sufficiency can in like manner be influenced by various powers inside the audit firm or from the client firm. These variables are recognized as dangers to review autonomy and dependably come about into traded off review choices. From the different discussions in the situation concentrate one, from each of the given circumstance one can discover and see four dangers by the approach of risks and shields approach. As shown by this dangers and securities approach, the structures analyses four key portrayals of dangers which can intrude with the result of exchanged off results as takes after. The nearness of the beneath talked about dangers can prompt traded off review when the 2015 review is led by a similar review group for the situation concentrate one given within the instructions. Audit independence threats from the case study As indicated by different specialists, it is uncovered that for organizational audits to be of significant worth, audit freedom and flexibility must be guaranteed. Audit freedom or independence is seen by Independence Standards Board (ISB) as the versatility of an analyst or an auditor from those weights and unmistakable parts that trade off, or can sensibly be required for perfect audits (Baum, Caglayan and Rashid 2016). Auditors freedom limits them to settle on unbiased survey choices. As indicated by audit experts, audit adaptability is isolated from the point of view and approach of objectivity being reasonable, sensible more upright and shrewdly genuine (Baum, Caglayan and Rashid 2016). With the perception and protection of review autonomy, evaluators dependably settle on uncompromised choices and guarantee legitimacy in the money related records and reports. Self-interest dangers This sort of review risk happens in a circumstance where a commentator is in all probability going to be traded off by individual interests. For this condition, client firm is contemplating to take the experts from CJ investigating relationship to a 14 day event in Greek Isles managing each ones expenses and costs (Wright 2016). In such a condition the affiliation won't be sensible to the exploring relationship since the request of enrichments may impel shocking looking. In such conditions where the head of review get-together has been given token, they tend to lead diagrams alliance budgetary records with a basic measure of self significance covering wrecks. For this condition since the relationship of the review social affair is in all likelihood going to be traded off by the token unmistakably the possible results of the overview will in like way be managed as they will respond in light of self intrigue (Krishnamoorthy, Wright and Cohen 2012). Recognition and review put stock in dangers Review autonomy is dependably at hazard when different examiners inside a review group like CJ know about the customer firm as uncovered in the discussions. Recognition and inspectors trust to the customer firm is a danger to review freedom (Kayrak 2008). This kind of risk comes in when analysts are being over-impacted by the attributes of their clients' and also the association character in this way bowing up recognizably and absurdly, making it difficult to interest the client. Clearly, evaluators of a given firm in like way of check may develop senselessly trust in the collusion depictions in this way lacking review surveys amid a review practice including the put stock in customer. This is clear from fourth condition the examination with Annette who perceives that there will be no much review on the dedication records in setting of nature and trust. Having worked in the LTH books of records prior her flexibility of the audit can be managed in the procedure for trust and shared trademark or nature (Craswell, Stokes and Laughton 2002). Michael then again will is probably going to experience the ill effects of a similar risk. This is on the grounds that one of the top budgetary authorities in the customer organization is the father. In many events youngsters grow family trusts. Additionally, Michael knows about the organization in view of the account of the father working in the customer firm. The rate of inspecting from the side of Michael and Annette is probably going to be bargained as they won't fill in as free evaluators (Craswell, Stokes and Laughton 2002). Intimidation Intimidation is another variable which impacts review freedom and may prompt bargained judgments or review decisions. The review c is under weight head of CJ from the customer firm to give a discussion in light of a real worry for the affiliation. This activity comes about into an overview self-administration risk which is known as debilitating peril (DeZoort and Taylor 2015). As per the central examiner in the condition one, the CJ review firm official is constrained by the customer firm to give a discussion of which inability to do things being what they are will reach fulfillment into end of the comprehension among CJ and LTH. In such cases in light of the debilitating and disrespect, the review social affair is in all probability going to play out the non study affiliation which my arrangement the review freedom. Recalling the genuine goal to secure the attestation the review social event will think about with vitality inciting twists in the studies. The CJ Company is probably go ing to support the customer firm and cover different monetary missteps keeping in mind the end goal to secure their agreement (DeZoort and Taylor 2015). In such cases the examiners autonomy is considered ruptured and data depended by the review group is considered as not solid. Shields to the above recognized dangers The dangers to review autonomy by what means can be controlled through use of different measures known as shields to review freedom dangers. Securities to review opportunity are particular courses in which the above perceived review freedom dangers c can be checked or controlled. This segment of the paper perceives three courses in which the above saw dangers. With the utilization of the review freedom protects the likelihood of evaluators giving bargained reviews is constrained as these shields help secure examiners autonomy. These shields have been perceived as underneath: Thought of review morals and rules amid a review work out Researching practice is guided by different principles and overview morals. It is along these lines essential for CJ as a review firm to work inside the particular principles to be free from the powers which are apparently going to bargain their practices (Kachelmeier and Landuyt 2015). The affiliation ought to diminish the free trip which has been offered to the essential two master of CJ Company in context of the review rules. With the perspective of the overview models and opportunity the social occasion ought to be able to play out their responsibilities as required and cover any coercion that might be inside the money related records. The head of CJ is likewise arranged to rot the non review errand being constrained on him by the customer firm. Evasion of non-review benefit arrangement Examiner's commonality and trust likewise comes thus of a review firm performing non review administrations to the customer firm. This additionally comes about into terrorizing as another danger influencing review autonomy (Andon and O'Dwyer 2015). This comes in where an inspector may commit errors when performing non review administrations they are well on the way to cover their activities amid examining. As revealed by case the relationship of the CJ survey firm brains deterrent of the relationship from offering non diagram benefits, the demand by the essential body of the client alliance (LTH) which requires the audit firm scramble toward give a dialog in light of a decent 'out-dated stress for the association together will be invalid allowing the CJ to perform uncompromised consider without conditions (Sadgrove 2016). With a specific end goal to fledgling every one of these dangers identified with non-review administrations execution, the organization ought to maintain a strategi c distance from execution of non review administrations to the customer firm. Use of review returns or moves to cover nature and trust As showed up by conditions three and four, both Michael and Annette are presumably going to be exchanged off in setting of trust and shared trademark. Unmistakably the two have been normal to the client firm and are not sensible to play out a review on the budgetary records of a relative affiliation (Sadgrove 2016). Annette predicts that not will make huge graph on the dedication budgetary books of records in light of past audit where as Michael trusts the father who drives the cash related assembling. Consider turn is thusly the best certification to ensure survey versatility. For this circumstance both the two evaluators who are obviously going to exchanged off by the audit autonomy risks should be supplanted or taken to another firm. Section two Business Risks to be considered in the midst of review arranging Business risks are various factors which results into the company or an organization like the one in the study to receive fewer profit margins compare to the projections during a given trading period (Church et.al 2014). The content of the paper analyses two specific business risks as below. Transportation dangers The affiliation serves a more prominent market with more clients organized in remote parts of the market. as per such occurences, the affiliation needs to utilize more costs on transport with a specific genuine goal to achieve their clients (Elder, Beasley and Arens 2011). They in like way experience the abhorrent effects of transportation costs giving systems for upkeeps mechanics in supplant repair satisfactorily sold thing (Christopher, Sarens and Leung 2009). This is in this way a business threat to the relationship as it results into diminished net pay emerged from the estimated general pay. Upkeep The season of accreditation is client intrigue fulfillment working out as expected into union getting an amazing measure of support expenses. As needs be, the contraption occurs into operation hazards where Mining supplies LTD (MSL) necessities to pay for additional charges to the operations of the mechanics performing such structures for upkeeps (Elder, Beasley and Arens 2011). Being that the vast majority of the clients are remotely found, the partnership needs to cover for the long parcel transportation costs for the mechanics, pay for the charging of their relationship on an anticipated rate in setting of the time, cover for every one of the parts supplanted and in like way the solace and common costs of the master. Inherent risks For this situation, the particular review danger might be assessed in light of the business dangers experienced by Mining supplies LTD (MSL) as a union. Amidst the change of the review sort out beginning at now showed up above and ace ought to chart basic hazard as one of the dangers at the money related illumination shape or at budgetary report level (Albersmeier et.al 2009). The review operator ought to therefore relate the peril assessment to different records changes and unmistakable exchange classes amidst the insistence point (Albersmeier et.al 2009). Trademark dangers may happen thusly of operation dangers and transportation chance in that the cost of upkeep and transportation might be misquoted by the supervisor, heads, drivers even the mechanics. The affiliation pros responsible for the upkeep may hint an inspiration than the honest to goodness cost working out obviously into fundamental threats. Accounts inclined to be impacted by 2015 audits At the level of exchange class affirmation and what's consistently the record level, the dangers might be found in the payable records including: Purchases accounts The purchases record is likely going to be affected in the midst of the 2015 audit since an extensive segment of the association operations incorporate gaining offer of things (Hayes, Wallage and Gortemaker 2014). Now and again that might be coercion essentially teaches of deceptions which are most likely going to be perceived in the midst of the survey. Pay and wage account From the given logical examination, the association works with a couple of workers including contracted mechanics. In such circumstances where operational gathering is too much wide there is likelihood of deceptions inside the compensation and wage accounts. Since the business dangers saw taking all things into account identify with the payable records, the pro ought to thusly be genuine that the payable records at the money related verbalization levels are in all likelihood going to be frail to twofold dealings and deform (Hayes, Wallage and Gortemaker 2014). This is clear in that most by a wide edge of the payable records require likenesses with a more raised measure of estimations as a limitless piece of the operations identifying with support are continuers. References Albersmeier, F., Schulze, H., Jahn, G. and Spiller, A., 2009. The reliability of third-party certification in the food chain: From checklists to risk-oriented auditing. Food Control, 20(10), pp.927-935. Andon, P., Free, C. and O'Dwyer, B., 2015. Annexing new audit spaces: challenges and adaptations. Accounting, Auditing Accountability Journal, 28(8), pp.1400-1430. Baum, C.F., Caglayan, M. and Rashid, A., 2016. Capital structure adjustments: Do macroeconomic and business risks matter?. Empirical Economics, pp.1-40. Christopher, J., Sarens, G. and Leung, P., 2009. A critical analysis of the independence of the internal audit function: evidence from Australia. Accounting, Auditing Accountability Journal, 22(2), pp.200-220. Church, B.K., Jenkins, J.G., McCracken, S.A., Roush, P.B. and Stanley, J.D., 2014. Auditor independence in fact: Research, regulatory, and practice implications drawn from experimental and archival research. Accounting Horizons, 29(1), pp.217-238. Craswell, A., Stokes, D.J. and Laughton, J., 2012. Auditor independence and fee dependence. Journal of Accounting and Economics, 33(2), pp.253-275. Craswell, A., Stokes, D.J. and Laughton, J., 2012. Auditor independence and fee dependence. Journal of Accounting and Economics, 33(2), pp.253-275. DeZoort, F.T. and Taylor, M.H., 2015. COMMENTARYA Public Interest View of Auditor Independence: Moving Toward Auditor Reliability When Considering and Promoting Audit Quality. Accounting and the Public Interest, 15(1), pp.53-63. Dogui, K., Boiral, O. and Heras?Saizarbitoria, I., 2014. Audit fees and auditor independence: The case of ISO 14001 certification. International Journal of Auditing, 18(1), pp.14-26. Elder, R.J., Beasley, M.S. and Arens, A.A., 2011. Auditing and Assurance services. Pearson Higher Ed. Hayes, R., Wallage, P. and Gortemaker, H., 2014. Principles of auditing: an introduction to international standards on auditing. Pearson Higher Ed. Kachelmeier, S.J. and Van Landuyt, B.W., 2015. Prompting the Benefit of the Doubt: The Joint Effects of Auditor Independence and Measurement Uncertainty on Audit Adjustments. Working paper, University of Texas at Austin. Kayrak, M., 2008. Evolving challenges for supreme audit institutions in struggling with corruption. Journal of financial crime, 15(1), pp.60-70. Kayrak, M., 2008. Evolving challenges for supreme audit institutions in struggling with corruption. Journal of financial crime, 15(1), pp.60-70. Krishnamoorthy, G., Wright, A. and Cohen, J., 2012. Audit committee effectiveness and financial reporting quality: Implications for auditor independence. Australian Accounting Review, 12(28), pp.3-13. Sadgrove, K., 2016. The Risk Mitigation Handbook: Practical steps for reducing your business risks. Routledge. Wright, W.F., 2016. Client business models, process business risks and the risk of material misstatement of revenue. Accounting, Organizations and Society, 48, pp.43-55.