Preocupada por su actual base de clientes, la gerente Andersen comenz a pensar en factores que podran afectar el atractivo de una firma de auditora. Por supuesto, la calidad del servicio prestado y los honorarios cobrados por el auditor parecen dos factores importantes. A continuacin, decide que la reputacin de la empresa auditora tambin debe incluirse en el marco como variable independiente. Como lo ilustran los efectos dramticos de los recientes escndalos de auditora, la reputacin parece especialmente importante para los grandes auditores (es decir, firmas de auditora de gran tamao). Finalmente, el gerente Andersen piensa que tambin la proximidad de la firma auditora al cliente es otra variable a incluir como variable independiente. Es muy probable que la proximidad afecte la posibilidad de que el cliente se rena personalmente con los auditores de forma regular y sabe por su propio contacto con los clientes que perciben las interacciones personales como bastante importantes.

Phase t: Corporate Governance Analysis (11 marks) Oblective. Assess the contpavys covporite govenomce structure ond cranthe the revavovishing between diffeved stweholders in the bosipess (etockhovders. society, bovoholdves ind Arunch'markers? Nat Stepa 1. fxamite wheter thete is se sopyation between the manapoment of a monthoring mana-suent and infuencing deciobs. 2. If the fim has bonowed moner. ether lorm barks or in the fonm of bonds eviluane the potentil Aor oonlasts of interest eorween the equity inecosore and arturs and hom it is mancuged. 1. Uf the 4mm is pulbehy tatad wamas hem markets get i-formatan atout the fim and irvevor cesctinns and necesamente nf the einck 4. Evaluste the oomenrre Ganding as a corpcrate otisen, by looking at hs stputaton (good or bad) inscosesy Irimewsok for keniptis: This eaction he pet you to complese Purt 1 of the preject 1. Sharehoider Concerns a. voriry Sructure io 5 maik If x is a publicf trided frmm leok at whethor the rights. If the gosemmert is an irvecker, pheck so sev whethert it tus weto pewers ieniden ehares) werr kny decharn 0. Ownership sthuchure 11.5 mankslt Stert by booking of proportions of the outstanthng stock held by institutions, insiders and indoidulb Thes dira is cencraily ivilatie in pulrie sourest, it minal coustinex. - Hew mary ninckholiers doros the correart have? * What peccent of the stock is hed by ingtimutional ireetore? * Dos the compary hare listings in Acreig rrarkets? of you cin. estrate the percent of the stock hedd by nondomestic inveriseral + Who are the insiders in the company? (Eesides the Inaregers and dreclons. cimpere with mere thion 5% in trealsd in ant imaber? * What rale de the intaders play on rutrifg die cenfaty? - What perernt af the stmek is hedd ty intiders in the rnmpary? * What pertent of the siock is hed ty emplopees Jueral lind ude tte holitl rgs by emelsate pereion plans) + Hars nsiderg becn baysig or seling stock in this oomsony in the most recent wia? E. The thaleholdtra (1. marb) Lank at the top tet to fwemty halches ef the company's sheres. In addition to checking to bes how mary ere irestisions, look for the p:epence of founders and sctaist imsestous on the ast. crov one tring to seo if these ctockhotfers wil be wiling po stand and ocmest monegemest, if thep feat that their ratue in being put in tiak.) anamine how he or she pot to the pegiren in particidar, check for be-urn ihoes long he or she teen CEI. Whethar the CEJ came up througe the rasks or tram another arganization. htamb ape and connactians to the ownership of the compary. if you can, ask the same quesinons about the sest of the rop inintigefratt 16int