Section B Micky LLC is a company manufacturing and selling a wide range of automotive components to the major vehicle assemblers. The company has experience rapid growth over the last 10 years and is profitable although cash flow is tight. The performance of each business units and employees are measured based on profitability and number of components sold. Performance measures makes comparisons between actual and budget performance using budgets. Kate the managing director of Micky LLC had attended a management conference, where she received with a basic understanding of use of Balanced Scorecard as a tool for performance measures by many successful companies. As the internal auditor of the company Kate had requested you to prepare a report.

Requirement 01: Prepare a report a. Evaluating the existing budgetary control used by Micky LLC

(maximum word limit 200)

b. Explaining the concept of Balance Score Card and recommend with reasons, the performance measures based on the difference perspectives that could be used to measure the performance of Micky LLC

(maximum word limit 600)