External Audits required by a firm to survive in major Global Business.

Assignment Brief: A company’s ability to perform and its Financial Strategy; can be defined as: “The extent to which the organization is able to fulfill its expected role within the acceptable financial limits; and without undue overlap with other providers”. Expand upon the meaning of this statement, and include in your answer the main essentials of both the Internal Audits and External Audits required by a firm to survive in major Global Business. This Assignment assesses the following module Learning Outcomes: 1. Demonstrate the need for financial planning and measurement to justify survival, growth, profitability, and social objectives. 2. Understand the costs incurred in a business organization, driven by financial controls. 3. Articulate the different types of costing systems available, and the suitability of each in differing situations. 4. Apply relevant measures for financial controls and planning. Submission Requirements: Your report should not exceed 2000 words ± 10%; and include any figures, tables or diagrams where appropriate, and be in the form of a business/technical report and HARVARD referencing style.