Kim suggested that her job was learned by trial and error. Having no formal education in human resource management, or management of any kind, the skills she currently possesses she learned in on the job training. Greenebaum’s structure is different in the human resource field than most. She used the example of Tricon by saying that if you were to take this same job at Tricon there would be forms and a formal structure to follow step by step. At Greenebaum the structure is of a more organic nature, built around the needs and wants of the member attorneys in the firm. They have found a system that works for them and change is not readily accepted.
In retrospect, she would have taken courses in counseling, and human resource management to acquire some basic skills that she had to learn on an as needed basis.Would you do it again? Depending on the situation, Kim would do it again. This job takes up so much of her personal life that if she were single and just coming out of college, yes, she would do it again. It is a great chance to meet new people, prove your worth early in a career and then move on. For someone with two kids and a dog, going to soccer games every night, like me, she said that this job would take away a lot of that precious time, and in that situation, no, she would not do it again.
Since she never planned on doing this in the first place she says this is a hard question for her to answer.She mentioned that she had always wanted to own her own clothing store or go to medical school. Two things she still wants to do today, but then she assumed that she would still be performing this kind of job if she had her own store, just on a smaller scale. Besides, she said, there is even more stress on you if you own the business, so maybe she did choose the right path. She went on to say that her dad still doesn’t understand why she never did anything with the degrees he paid for; and will never let her forget that.Other A reoccurring theme throughout the interview can be summed up in three words: DOCUMENT, DOCUMENT, DOCUMENT. Reflections I have known Kim for a number of years, and watched her work very diligently at her job during that time.
Sitting down in this interview with her made me realize just how delicate a balance she has maintains to keep this steady ship of Greenebaum from tipping.The future of this firm, for the most part, relies on her ability to bring in the kind of talent that will continue to generate the growth the firm has enjoyed for the past 50 years. Finding ways to attract this talent through pay structures, benefits and work life is a daunting task that, before talking to her, I did not recognize. I am humbled by the fact that she gives so much of her personal life to this firm, something I am not sure I would be willing to do for the same length of service she has already given the firm. However, after seeing the daily challenges she faces, the excitement she has for her job and the rewards that come with that responsibility, I realize that I want some of those same things from my job. “An auditor is a person or firm appointed to carry out an audit of an organisation” (Dictionary of Business Press: Oxford Press).External auditors and independent auditors “are either individual particitioners or public accounting firms who render professional auditing services to clients” (Cosserat 2000).
The company law of the United Kingdom requires that every company should have an audit, regardless of the cost and whether the directors and the shareholders would like one. Conflict can occur between auditors and the directors. Companies that experience agency problem are more likely to employee an auditor. Conflict arises when directors will be forced to choose between the shareholders welfare and their own. In order for the directors to protect themselves they implement mechanisms – ‘Agency Cost’.The limited company is specially designed to enable corrupt managers to profit at the expense of the shareholders and the other investors.
The company is under the control of the Board of directors, who are accountable over the business strategy, investment and financing decisions. Limited company lacks any direct responsibility by the shareholders or the directors for the amounts owed to the creditors. Auditors must be independent. Auditors have to collect evidence to support their opinion. They also have to report to the users of the financial statement.”A set of financial statements is an important accountability document” (Gray 2000). An audit does not provide additional information; it enables users to rely on the information which has already been prepared by others.
An auditor is accountable to add credibility to financial statement and this is established by the auditors’ opinion. ” The objective of an audit of financial statements is to enable an auditor to express an opinion on such financial statements”. (John Dunn 1996).