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Case 1 Haier Pakistan - Corporate Governance 15 Marks Haier Pakistan is large home appliances company which operates its factories, and network of distributors across
Case 1 Haier Pakistan - Corporate Governance 15 Marks Haier Pakistan is large home appliances company which operates its factories, and network of distributors across the Pakistan. The company's year ended on Dec-2020. You are senior auditor of KPMG Pakistan, Haier is totally a new client and currently you are planning audit with their Finance directors Mr Naeem is finance director of Haier Pakistan, recently attended a course on corporate governance and has now decided to set up good practices and also boost best practices of corporate governance in Haier Pakistan, Mr. Naeem himself is the focal contact person between KPMG & Haier while the board of directors act as company audit committee, on the oral agreement of the board. Mr. Naeem is also authorized for final signatory off financial statements of Haier Pakistan Required Identify any 3 corporate governance deficiencies faced by Haier Pakistan & provide recommendation/corrective actions to address each of deficiency to ensure corporate governance principles. Prepare hand written answers with two columns on yours answers sheets headed deficiencies & corrective actions Case 2 Uniliver Pakistan - Internal Audit 5 Marks Unliver Pakistan is looking for cost cutting factors due to current pandemic situations of Cavid-19. While considering internal audit evaluations, a suggestion from board of directors comes to outsource their internal audit process to HRSG, an internal audit consultancy service providers. Required What advantages & disadvantages does uniliver will receive, share your opinion with board keeping all the practical terms of business in mind. Case 3 Metro Pakistan - Threats & Safeguards 5 Marks Our firm is the auditor of Metro Pakistan, a chain of super markets. During a promotional compaign, the management has distributed discount vouchers which have also been given to the audit team members. Required Being auditor of Metro Pakistan, what are the threats & safeguards for this scenario
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