Dell Auditing Essay

dells productsdells products can be separated by home and working sections. For person-to-person clients dingle submit personal laptops, desktops, tablets and a sort of accessories. For initiative and government users, Dell nominate office equipment such as PCs, monitors, printers & electronics and Tablets. Workstations and services focus on servers, solutions and softwargon.Dells competitorsCompetitors of Dell including Lenovo, Apple, Hewlett-Packard, Asus and so on.Dells customersBased on the advantages of stability and advanced technology, the main part of the customers of Dell are government, enterprise and different institutions. The other part of Dells customer is family and personal users which focus on PCs, laptops and personal data services.Dells suppliersDells global dodge made a wide and extended supply chain. 95% of its suppliers with including AMD, Hitachi, Microsoft and Samsung has been disclosed on the website http//www.dell.com/learn/us/en/uscorp1/corp-comm/cr-c a-list-suppliersHow does Dell market and distribute its products?For personal clients, Dells strategy is to customize its products in order to satisfy potential buyers requirement. One of the manikin is the Alienware Gaming PCs, which is designed and manufactured for high standard game player, Dell presented fashion appearance to attract teenagers and powerful performance to fulfill customers who is desire perfect game experience. Products can be made for different functions and added exalted accessories. To deal with the large orders from enterprises, government departments and institutions, Dell serves products and services with reject toll and higher stability. Under this circumstances, customers will tend to choose Dells products constantly and may introduce them to other potential users.What is Dells worry strategy?Dell is an obviously cost leadership company. confide on the efficient supply chain, Dell gained superior price advantage. On the tablet and laptop market Del l has to face strong contention from Apple and Samsung but it was still the largest tax contributor (31% according 10K) because the debase price in 2012. Dell also attempted on Alienware series to enter high performance PC market. Generally, the sources of Dells revenue was almost equally provided by enterprise solutions (46%) and services and Personal guest (54%).What are lively business processes for Dell given its basic business strategy? Dells cost leadership strategy is primarily verifyed by its efficient supply chain management. Suppliers for Dell are globally and widely separated in different businesses. Based on the supply system, Dell could ensure lower accessory price and dialog advantages. Outsource manufacturing and services decreased the inventory and financial risk, which is normally in high technology industry because of product replacement.What history information is associated with the critical business processes and how does Dell measure up on that informati on? live of goods sold, inventory, account payable and revenues.What accounting methods does Dell use to report the accounting information associated with critical business processes and what is the risk of textile misstatement? Dell uses first in first out to report inventory and revenue is recognized on the moment of shipment. The criterion of account receivable is almost half of the current asset which office the highly risk of income statement adjustment. Inventory has been kept in lower level, consider about the return and exchange service, the number of inventory ability be misstated either.Professional auditing standards provide guidance on the auditors consideration of an entitys business risks. What is the auditors objective for correspondence an entitys business risks? Why does an auditor not have tariff to identify or assess all business risks? Provide roughly examples of business risks associated with an entity that an auditor should consider when performing an a udit. The purpose of business risks soul is to offer auditors capability to recognize possible misstatement and make analysis and adjustment. analyze report will be more efficient and reasonable with support of business expertise. listeners did not participate management process of the company, and sometimes material or highly material information will be presented to auditors. Auditors scope may be restricted or independence influence the accuracy of audit report.