Question

***I understand this question has already been asked, but could I possibly get a new answer? I am trying to study a variety of companies and answers so I will be more prepared for whatever is on the test.***

DoorDash as the company.

1. Select a company that has undergone an initial public offering within the last five years and obtain the prospectus (these are usually available on the company’s website, EDGAR for companies listed on the U. S. stock exchanges, or other information services).

A. What is the business strategy and business model?

B. Identify the strategic objectives.

C. Identify the key critical risks.

D. Discuss which of the critical risks identified in C. above the internal audit function should focus on and set as the highest priority, in order to provide assurance that effective controls are being implemented, to the Audit Committee and Senior Management.

Answer 1

1. RELIANCE INDUSTRIES

A. What is the business strategy and business model?

Business strategy:

1 DRIVING INNOVATION

2 CONSISTENT GROWTH

3 DELIVERING VALUE

4 SUSTAINABLE TRANSFORMATION IN SOCIETY

Business Model :

1 REFINING & MARKETING

2 RETAIL

3 PETROCHEMICALS

4 DIGITAL SERVICES

5 OIL & GAS

6 MEDIA

B. Identify the strategic objectives.

The strategic objectives of reliance industries are

1 value creation

2 Leadership position in existing busines

3 Taking RIL to a global scale

4 Investing in new businesses

5 Innovation

6 Transformation

C. Identify the key critical risks

Critical Risks

TRAIs new tariff order shall benefit broadcasters in the long-run as carriage/ placement costs gets rationalized, the business becomes more B2C than B2B, and transparency improves broadcasters share of consumer ARPU. However, the changed business model on subscription and flux in advertising mechanics is likely to impact business in the short run.

Fragmentation of viewership: With the advent of Digital and a launch of multiple new platforms led by cheaper bandwidth, viewership has expanded significantly, thereby fragmenting the consumer base across platforms. This higher churn rates and lower stickiness provides an opportunity to wean away viewers from traditional dominant players in television, but also is a challenge as monetisation models are still evolving.

Digital monetisation is lagging investments, especially amidst strong competition.

Content costs: Spike in demand for content creation/curation is driving up content costs across Digital, Movies and GEC.

D. Discuss which of the critical risks identified in C. above the internal audit function should focus on and set as the highest priority, in order to provide assurance that effective controls are being implemented, to the Audit Committee and Senior Management.

TRAIs new tariff order shall benefit broadcasters in the long-run as carriage/ placement costs gets rationalized, the business becomes more B2C than B2B, and transparency improves broadcasters share of consumer ARPU. However, the changed business model on subscription and flux in advertising mechanics is likely to impact business in the short run.

India’s older carriers have slammed the telecom regulator for a series of regulations over the last 12-18 months which favour only new entrant Reliance Jio at the cost of the existing ones, and said the latest tariff order on predatory pricing violated the ‘fundamental right’ of incumbents to carry out business.

the audit committee and senior managment shall ensure that all the complaince been followed by the company from time to time and reports been submitted on it

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