Find a business news article (secondary source) in a credible news magazine or n

Question

Find a business news article (secondary source) in a credible news magazine or newspaper (online or print). Discover where the article refers to a study that provides support for the article’s tenets (primary source). Share your discovery with the class and further comment on how the study related to the article, provided adequate or inadequate support, provided or did not provide persuasive evidence. End by elaborating on the importance and relevance of primary research in the discovery of evidence to support or negate a position.

Explanation / Answer

Top management need to ensure business administration are based on the existence of an effective system of internal control which eventually necessitates for obtaining persuasive evidence to support the conclusion that those controls are effective. Furthermore what constitutes persuasive evidence is a matter of judgment wherein ultimately requires quality and quantity of evidence putting a higher degree of responsibility on management.

Furthermore successfully identification of relevant risks and related process-level controls necessitates having a clear picture of business processes and flow of information. Characteristically management demonstrates this understanding by describing it in a flowchart which effectively facilitates addressing activities starting when a transaction is initiated and continuing until it is reported in the financial statements. Furthermore administrator uses the flowchart to identify risks and related controls which eventually facilitates mitigating the identified risks.

Prescribed written documentation of how, when and whom controls are executed eventually do facilitate enhancing the accountability of the control owners, makes the established control procedures more difficult to evade and facilitates the transfer of ownership of controls among process owners. Furthermore it is indeed regarded as the basis for obtaining persuasive evidence among the existing operational effective system through effective execution and implementation of internal control systems.

Review by knowledgeable and engaged management is essential to an effective system of internal control particularly in areas involving significant judgment and subjectivity. Furthermore a well-defined Management Review Controls (MRCs) should include an indication of the precision of the control for instance what would be further investigated and resolution of any investigated outline.

Importance and relevance of primary research in the discovery of evidence to support or negate a position generally refers to first-hand experiences, accounts, observations, reports and narratives. Primary sources in research process generally includes include official business documents, data collected from surveys etc. Furthermore primary research involves effectively communicating the ideas of a source wherein readers may draw different conclusions from your evidence to understand the relation between your evidence and your claim. It necessitates effectively summarizing the essential argument of a source without changing the meaning or intent of the original source. Paraphrasing and summarizing allows you to interrogate, criticize, analyze or build on someone else's argument.

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