Patient Flow in Waiting Room - 1770 Words

Patient Flow in Waiting Room Haik Janoian MGT/554 Ââ€" Operations Management University of Phoenix Group PA04MBA10 April 5, 2006 Patient Flow in Waiting Room Healthcare clinics are under a great deal of pressure to reduce costs and improve quality of service. In recent years, healthcare organizations have concentrated on preventive medicine practices and have tried to reduce the length of time that patients stay in a hospital. Outpatient services have gradually become an essential component of healthcare. Organizations that cannot make their outpatient component cost-effective are finding themselves financially burdened in this ever-changing industry (Caldwell, 2005). Patient waiting times and waiting-room congestion in†¦show more content†¦As a result of this, when one patient takes longer to process, the Arrival Queue becomes a bottleneck. Patients begin to stack up behind one another while they wait for the other patients to be processed. This is point in the process that needs improvement. By fixing the time it takes to process each patient and removing or reordering certain steps, the cycle time could be reduced and the bottleneck eliminated. Work Process Improvement As stated earlier, the cost for health care is rising for both employers and employees; therefore, both employers and employees are seeking for medical groups that provide systems of very well coordinated care. Coordinating care creates significant advantages for patient by delivering high-quality care efficiently, so that patients get the most for their health care dollars. When services are integrated and carefully designed across the stream of care, this thoughtfulness up front eliminates duplication of processes and inappropriate services. Patients, employers and medical groups benefit in terms of better health and streamlined costs associated with the care. Survey after survey suggest that the biggest frustrations for patients are: 1. Appointment access 2. Phone Access 3. Getting information about their test results 4. Understanding how to use medical group systems (referrals, eligibility, business department, etc.) With a structured Work Process Improvement process, ourShow MoreRelatedImprove Er Wait Times1004 Words   |  5 PagesWays to Improve Emergency Room Wait Times Veronica Padlo California College San Diego MAN324 May 2, 2010 Dru Macasieb Abstract It seems that emergency room wait times are ridiculous and there is no need for it. My mom has been in and out of the hospital since last April and the most annoying thing in the world is having to wait 3 hours to see a doctor. This paper is going to focus on ways to improve emergency room wait times. With all the advancements in technology you would think thatRead MoreApplication Of Rfid As Medical Application For A Hospital1542 Words   |  7 Pagesimprove patient health care has been the common goal pursued by the hospitals all over the world. The introduction of RFID as medical application is also being enthusiastically studied now. This Study finds the medical application of RFID application for the workflow of the most critical and the busiest unit in a hospital: the emergency department. The results of this Study may significantly increase the operation efficiency by improving the problems commonly experienced at the emergency room. IntroductionRead MoreEvaluation Of A Patient Experience Model At Lenox Hill Hospital1499 Words   |  6 Pagesdifference in patient quality care, and patient satisfaction by holding true to the hospital’s mission statement. Providing patients and their families with an exceptional care, respect, confidentiality, and acknowledging the dignity and individuality of every patients, staff members, and communicating openly and effectively with patients and staff are some of the values that guide the organization in pursuit of its mission. The patience experience model at Lenox Hill Hospital places the patient first,Read MoreHcr 22 Understanding the Patient Intake Process977 Words   |  4 PagesUnderstanding the Patient Intake Process Tabitha Neufind HCR 22 September 28,210 Felecia Pettit-Wallace Understanding the Patient Intake Process The intake process of patients is different from practice to practice, but the main purpose of the process is retrieve new and established patients information during check in at a providers office, a hospital, or clinic. By having an efficient intake process a efficient patient flow can be maintained. Healthcare just like any other typeRead MoreShouldice Case1164 Words   |  5 PagesSolution for Q1: Shouldice hospital is a leader in treating patients who suffer from Hernia. Shouldice achieved outstanding performance and reputation through its distinguished services to customers in terms of cost, quality, delivery and flexibility Cost: At Shouldice, Operating cost is not the only cost factor that attract customers. Besides, typical operation cost (including the patients stay at hospital) ranges from only $954 to $1029 compared to a total of $2,000 to $4,000 elsewhere. EvenRead MoreApplication Of Rfid As Medical Application1474 Words   |  6 Pagesapplication for the workflow of the most critical and the busiest unit in a hospital: the emergency department. The consequences of this Study might essentially expand the operation effectiveness by enhancing the issues normally experienced at the emergency room. Introduction Radio Frequency Identification (RFID) is a framework that uses radio recurrence to transmit identification wirelessly. Its functionality is much more powerful than bar code system, with which a contacting reader must be used to read theRead MoreOperation Management629 Words   |  3 Pagesthe rate of 200 units per day. What is the average time a unit spends at this workstation? Inventory, , Throughput, . Thus, Flow time, . A unit spends an average time of 5 days at this workstation. Q2: The Wilcox Student Health Center has just implemented a new computer system and service process to â€Å"improve efficiency.† As pharmacy manager, you are concerned about waiting time and its potential impact on college students who â€Å"get no respect.† All prescriptions (Rxs) go through the following process:Read MoreLiterature Review : High Census Improvement Essay1269 Words   |  6 Pagesissues hospitals in the world facing today are financial challenges, patient satisfaction, po pulation health management, government mandates, and physician- hospital relations. Out of which financial impact seems to be a key issue. The financial stability of hospitals depends on managing facility capacity and core inpatient production lines. (Kobis Kennedy, 2006) In hospitals beds are a critical resource needed to serve the patient and also it serves as a queue for needed care. Kettering Health NetworkRead MoreEssay about operation management HW11244 Words   |  5 Pages\improve e ±ciency. As pharmacy manager, you are con- cerned about waiting time and its potential impact on college students who \get no respect. All prescriptions (Rxs) go through the following process: Drop-o ® ! Fill Rx ! Pick-up ! Cashier Assume that students arrive to drop-o ® Rxs at a steady rate of 2 Rxs per minute, with an average of one Rx per student. The average number of students in process (those who are waiting and those who are being served) at each station is: Drop-o ® - 5 students Read MoreInadequate Staffing And Emergency Department Capacity1295 Words   |  6 Pagesemergency department capacity also results in patients leaving without being seen. A descriptive retrospective study conducted by Bambi et al showed that on Mondays when the patient volume was the highest the waiting time was also the longest in comparison to Saturday and Sundays which had lower patient volume and thus shorter waiting time. The increase in wait time was attributed to the â€Å"higher workload of ED staff and the rise in the number of patients in need of intensive care or who have acute

Drug Users And The Core Of A Drug User Essay - 846 Words

All to often heroin users are misjudged, when assessing the core of a their drug use. It is easy to assume that a drug user is trying to escape a psychological or emotional situation, yet many times that is not the case at all. Drug users are looked at as being lazy, or as a junkie, and their drug use gives them the opportunity check out of society. However, there is a complex framework in which drug users work within, with complex norms, rules, and expectations. Similar to having a job, heroin users have to maintain busy, productive lives in order to reach their final goal. These lives are within the deviant narrative, yet similarities to the 9 to 5 careers of their non-heroin user counterparts is very similar. Rarely does one see heroin use as a â€Å"career†, yet in the scope of the definition: â€Å"the sequence of movement form one position to another in an occupational system by any individual who works in that system† (Faupel 2014). The stages of specialties run a similar line as many traditional, legitimate businesses. You have the Kilo Connection, which is similar to the capitalist, they hold the means of production. Next is the Lieutenant, with a comparable job to a CEO of a company. They ensure the arrangements to distribute the product are established, set up deliveries, and enforces any agreed upon rules and norms. The Lieutenant may get, â€Å"some weight† (Inciardi 1994), or a dividend or bonus. Next, is the tester which is comparable to quality control. Under the testerShow MoreRelated The Criminal Justice System Essay1568 Words   |  7 Pagescommit a crime while under the influence of drugs, they are likely to be put in prison for a longer period of time rather than someone who committed the same kind of crime but was not under the influence of drugs (Taylor, 2008). With that said there are many causes of drug related crimes. Usually when there is a drug related crime it tends to be more serious in terms of damage done than non related ones. It is important to further explore crimes that are drug related in order to see the root causesRead More Argument for the Legalization of Marijuana Essays1018 Words   |  5 Pagesworldwide use it for its potential advantages. Those who don’t use it are missing out. In 1973, the drug was banned from use in Britain, much to the dismay of its users. For twenty-seven years, people have fought for the right to use it as a drug, unsuccessfully. Read on to find out the mistake that we have made. The first point that politicians raise is that cannabis has a worse effect on the user than tobacco in cigarettes. This is also the first point at which they stumble. Cannabis is indeedRead MoreDr. Hart As A Guest854 Words   |  4 Pagesprofessor of psychology and psychiatry at Columbia University. His field of interest is that of drug abuse and addiction, he recently wrote a book about these topics titled â€Å"High Price†. Dr. Hart has a very interesting point of view when it comes to drugs in society, for example one of his beliefs is that all drugs should be decriminalized in America, another one of his controversial opinions is that drug users can be fully functioning members of society as opposed to how they are regularly viewed. DrRead MoreTeens Top Reasons for Taking Drugs Essay614 Words   |  3 Pagesbetween teens and drugs has been around for decades; however, this is not what you would call positive. Substance abusing (which is using drugs or alcohol in ways than can cause physical harm) is often associated with crime. But why do youths take drugs? Youth take drugs for the following reasons: social disorganization, peer pressure, family factors, emotional, or rational choice. Social disorganization deals with drug abuse to poverty and disorganized urban environment. Drug use by youth minorityRead MoreThe Legalization Of All Drugs1588 Words   |  7 Pageslegalization of all drugs considered illegal in the United States today would do more than any other act to eradicate current social and political problems. Though many would naturally think otherwise, legalizing drugs like marijuana, ecstasy, meth, cocaine, heroin, mushrooms, LSD, and DMT would cripple organized crime, majorly reduce death and injury from drug use, unclog the court system, and make these drugs much safer to use. Contrary to popular belief, the legalization of all drugs would make theRead MoreThe Drug Use And Opioid Addiction1361 Words   |  6 Pagesintravenous drug users at some point in their career. The United States is in the midst of a rampant heroin/opioid epidemic which currently claims 91 lives a day to overdose (CDC, 2016). As nurses we have a unique opportunity to provide compassionate and impactful health care to the most marginalized groups of our society. Harm Reduction is a public health approach to intravenous drug use/opioid addiction which strives to reduce the harm of risky behaviors associated with illicit drug use. NursesRead MoreEssay on The War On Drugs1079 Words   |  5 PagesIn recent years the so-called â€Å"war on drugs† has taken over the streets and back alleys of suburban America. It has caused a problem that mirrors the prohibition days of the 1920’s and early 30’s. Politicians trying to play â€Å"tough guy,† are only contribut ing to more violence. Their laws have created an underground drug-trade, in which modern drug-dealers have taken the place of the bootleggers of old. The real question is whether or not this â€Å"war† is working. Most people would like to believe thatRead MoreDrug Decriminalization And Its Effects On America1543 Words   |  7 PagesDrug Decriminalization in America There are many major factors at one point time in society, the most controversial is drug decriminalization. When the topic of drug or drug related discussion arises, many individuals would choose to ignore the topic entirely. Why not approach the topic head on? Attack the issue at its roots and refuse to give up until proven wrong. Drug decriminalization is a topic that needs to be brought to the front of discussion with politics and legislation. State and federalRead MoreLegalize Marijuana808 Words   |  4 PagesIf Marijuana Were To Be Legal Drugs are a major influential force in our country today. The problem has gotten so out of hand that many options are being considered to control it or even solve it. Ending the drug war seems to be a bit impossible. The war on drugs seems to be accomplishing a lot but this is not true. Different options need to be considered. Legalization is an option that hasnt gotten a chance but should be given one. Although many people feel that legaliz ing marijuana would increaseRead More Legalizing Marijuana Essay796 Words   |  4 PagesLegalizing Marijuana Drugs are a major influential force in our country today. The problem has gotten so out of hand that many options are being considered to control it or even solve it. Ending the drug war seems to be a bit impossible. The war on drugs seems to be accomplishing a lot but this is not true. Different options need to be considered. Legalization is an option that hasnt gotten a chance but should be given one. Although many people feel that legalizing marijuana would increase

Dialogue as Empathic Conversation Free Essays

Organizational communication : balancing creativity and constraint / Eric M. Eisenberg, H. L. We will write a custom essay sample on Dialogue as Empathic Conversation or any similar topic only for you Order Now Goodall, Jr. , Angela Trethewey. Boston : Bedford/St. Martin’s, c2010. ISBN: 9780312574864 ; Pages: 26-52 M IMIII;WJI D efining Organizational Communication As stated in the last chapter, as long as t here have been humans, there has been organizing, and with organizing comes a concern about how to do better, whether the task is hunting, coaching a sports team, o r r unning a multinational corporation . Unfortunately, those with practical interest in improving organizational communication have n ot always adopted the same definitions and assumptions. F or example, when engineers speak o f t he importance o f communication, they often (but not always) refer t o its role in promoting clarity and consensus. I n contrast, a group o f clergy ca lling for improved communication would likely focus o n the evocative and emotional power o f discourse. I n this chapter, we describe some common approaches t o organizational communication, including models o f commtmication as information transfer, transactional process, strategic control, and a balance o f creativity and constraint. W e conclude with a model o f communication as mindful dialogue as well as a discussion o f integrity and ethics.  §J APPROAC HE S T O O RGANIZATIONAL C OMMUNICATION O f the various conceptions o f organizational communication, four have attracted the greatest number o f adherents: ( l) communication as information transfer, (2) communication as transactional process, (3) communication as strategic control, and (4) communication as a balance o f creativity and constraint. 26 Chapter 2: Defining Org:mizarion in many people’s u nderstanding o f o rganizational c ommunicar:ion. F or example, the general m anager o f a large aerospace company hired several pilots ro fly over his manufacturing p lant and d rop h undreds o f Hyers with the message: â€Å"S How to cite Dialogue as Empathic Conversation, Papers

Analytical Procedures And The Risk Factors â€Myassignmenthelp.Com

Question: Discuss About The Analytical Procedures And The Risk Factors? Answer: Introducation The details of every company can be checked and verified from the basic document of the company which is known as Annual Report. Annual report provides all the information which is very useful for all the stakeholders of the company whether it is the employees or it is the shareholders of the company. Each stakeholder wants to have more and more information about the company so as to take the decision in relation to the company. Like, shareholder of the company like to know whether he should invest in the company or not. For taking such decision he should be available with the information pertaining to the financial position and the financial performance of the company. This information are reflected and detailed with the note of the directors of the company in the Financial Statements of the company forming part of the Annual Report. The report has been started with the executive summary detailing the main aims of the report. Then it has detailed the answer to the question number one which is related to analytical procedures adopted by the auditor before starting of the audit. The information of Double Ink Printers Limited has been considered. The company is in the business of printing books and magazines. In this it has been explained as to how the results of the procedures so performed have affected the audit plan of the auditors. Then the answer to the second question has been detailed which is related to the inherent risk factors. These risks are notified by the auditor while reading the background information and the financial information and the internal control procedures of the company. Similarly in the last question the risk factors which have led to fraudulent reporting of the financial information have been detailed. At the last conclusion and recommendation has been given for the whole study. Current Ratio Current Ratio helps in determining the companys ability to clear the short term liabilities from the cash received from the short term assets. These short term assets and the short term liabilities are termed as the current assets and the current liabilities respectively. It is because it can be readily converted into cash and cash equivalents. This is regarded as an important measure of the liquidity. It is because the short term liabilities are generally due within the period of one year. Therefore, the company usually has the limited period to set off its liability and therefore the current assets which include the cash and cash equivalents shall be high so as to pay off the current liabilities without obtaining funds through long term assets or long term sources of finance. The current ratio has been increased from 1.42 in the year 2013 to 1.47 in the year 2014 and to 1.50 in the year 2015. The sudden increase is noticeable. Current ratio of 1.50 is considered by th e banking industry as the best value for the current ratio. As per the background information of the company, the company is bound to maintain current ratio of 1.50 so as to keep availing the facility given by the BDO Finance. The company BDO Finance Limited has stipulated that in case the company fails to maintain the current ratio of 1.50 then it has the right to take back the facility from the company of the loan given amounting to 7.5 million Loan. This factor will affect the audit plan of the auditors as they will be required to check in detail as to how the company has immediately met the requirements of the BDO Finance Limited. Either the receivables have been increased or the inventory has been overvalued. As also from the discussion of the board it was held that the company has decided to follow the FIFO method for valuation of Inventory instead of Weighted Average which of course will increase the value of inventory. Therefore, these kinds of manipulations are required to be checked by the auditors in detail and hence their audit plan needs to be modified. Quick ratio tells about the companys ability to pay off the current liabilities from the current assets which can be easily converted into cash with in the period of 90 days or less. It informs the users as to how fast the company is able to meet its current liabilities with the liquid assets. It includes cash and cash equivalents but does not include the inventory and the expense which are in the nature of prepaid The companys quick ratio has been fluctuating from 0.83, 0.94 and 0.85 in the years of 2013, 2014 and 2015 respectively. The audit plan will not be affected majorly as the same will be considered while performing the audit of the current ratio part. The inventory turnover ratio shows how many times the company sale its goods over the period of one year. It shows how effectively the company is managing its purchases and sales over the period. Inventory is considered as the major part for the investors of the company to consider. It is because the inventory only informs abou t the company ability to convert its inventory into sales. Inventory is normally offered as collateral to the banks for availing of the loans and investors are readily interested in knowing whether the c company is incurring high storage and handling costs for maintaining the inventory. The inventory turnover ratio has been considerably decreased from 15.16 to 14.11 and to 10.40 in the year 2013, 2014 and 2015 respectively. As the ratio has been decreasing, it might be possible that the inventory of the company has been piling up and the company was not able to sell the inventory in the market properly. Also the inventory calculation is required to check in accordance with terms of BDO Finance Limited. Thus, the audit plan is required to be modified and auditors have to act accordingly. It denotes how effectively the company has been able to manage its total assets so as to generate profits out of it. Higher the ratio more will be the faith of investors in the company. Return on a ssets ratio has been decreased considerable from the year 2013 to the year 2015 to the value of 0.14. It denotes that the company is not able to manage its assets effectively and efficiently. The risk factor is required to be considered by the auditor as to why the company is not able to generate the profits. This will have the higher effect in the audit. The debt equity ratio denotes by how many times the company has the liabilities in relation to the amount invested by the shareholders of the company. Each industry has different benchmarks. Some have 0.5 and some have 2. The debt equity ratio has been considerable increased by from 0.47 in the year 2015 to 1.13 in the year of 2016. It is basically because of the finance obtained from the BDO Finance Limited. The terms and conditions of the finance Gross Profit tells about the trading and manufacturing results of the company and shows how effectively the company is managing its operations. The gross profit of the company has been decreased considerably despite of the fact that the inventory has been overvalued and hence the audit plan is affected and will needs modification accordingly. Net profit shows the net income earned by the company after deducting the expenses and other overheads of the company. The company has been maintaining the net profit ratio of 6% approximately irrespective of the fact that the companys gross profit ratio has been decreased and also the companys interest cost has been increased with the introduction of finance of 7.5 million from BDO Finance and hence the scope of the audit will be increased as there are high chances of manipulation. Auditor is required to consider the various kinds of risks while performing for the audit function. Although there are three kinds of risks namely Control risk, Detection Risk and the Inherent Risk but in this section we will consider only the inherent risk. The factors which have contributed towards the inherent risk factors are mentioned below:eing Inherent Risk Impact on Material Misstatement Inventory Valuation Inventory valuation is very important for every company whether it is the trading company or the manufacturing company or the service company. Inventory shall be valued as per the relevant accounting standard and all the provisions of that standard shall be followed. The company has been following the weighted average method of valuing the inventory. By following the weighted average method of inventory valuation, the value of the inventory generally comes with low figure. Due to which the gross profit of the company comes with low figure. In the given case the company has obtained loan from the BDO Finance Limited amounting to $7.5 million during the year. The BDO Finance Limited has included the condition that the company has to maintain the current ratio of 1.5. In the board meeting, it has been described by the board that the inventory valuation be changed to FIFO Method from the weighted average method. This will lead to increase in the value of inventory as the last purchase price will always be higher in comparison to the weighted average price. Therefore, In order to maintain the current ratio, the company might have indulged in such practice. As the company has been following the weighted average method since its inception and also from the above factors, the inventory valuation has been considered as the major factor which has led to the inherent risk in the business. The inventory valuation plays very important role in adjusting the net profit and the gross profit of the company. Sometimes the inventory adjustment leaves the material effect on the financial statements of the company. In the given case as the inventory valuation has been changed from weighted average method to the FIFO Method, the chances of having the financial statements materially misstated becomes high. It is because the effect of change in the method sometimes comes high which can lead to even different financial position and the performance of the company. Also the condition that the BDO Finance Limited has given to the company to maintain the current ratio of 1.50. It will lead the company to indulge in the manipulating practices so as to maintain the current ratio and will strive to keep enjoying the banking facilities from the company. Thus, in this way, this factor will lead to material misstatement in the financial statements of the company. Acquisition of Nuclear Publishing Limited Acquisition of any business shall be done after taking due diligence and various feasibility reports from the professionals and the management of the company. The acquisition shall be done after considering the market conditions of the target company also. In the given case the company has acquired the company Nuclear Publishing Limited during the year. Along with that the company has acquired the printing rights of the company. After the acquisition, one article has been published stating that the new technology has come and will make the earlier books and theories non useful for the students and the readers. This article has created a wave in the market as the company will be in failure if the same thing has happened. In order to be safe and sound the company will get themselves engaged in the manipulating practices. In this way, the same acquisition has been considered as one of the factor contributing towards the inherent risk of the company. The acquisition will have the greater impact on the material misstatement of the company. It is because the company that has been acquired will be loss making deal for the company as all the theories will get expired and the companys major investment will be depreciated with higher amount in the future years. In order to maintain the position of the company, the company may be engaged in manipulating the revenue figures so as to show higher profits with high earnings per share. The same fact has been supported by the fact that the company has been able to generate profit equal to percentage of sales as equivalent to the profits shown in the previous two years. In this way the financial statements are materially misstated and the auditor are required to increase their scope and plan of the audit. Development of New Software The company has decided to implement the new system in which all functions of the company whether it is related to purchase or it is related to sales or it is related to stock or any other function. The new software will help in integrating all the functions and give the common path for the achievement of organizational goals. The employees of the company are resistant as they are not efficient enough for getting the new system developed. The risk that has been identified in this condition is that chances of having the expenditure reported during the particular period may be reported in the other period. This will provide the incorrect details to the management of the company. The same fact has been reported in the case study. Secondly, to track the status of the transactions in the old system and the new system will be difficult for the employees of the company as they are not well equipped with the new system. Also the staff was under great pressure due to which the employees were not found able to do the reconciliation and other work with the new system. Audit will be greatly affected by the introduction of new system. It is because the auditors will have to apply the additional audit procedures to do the audit of the books of accounts of the company. The additional procedures will not only apply to the old system but also the new system so as to check whether the financial statements so delivered by the systems are correct and are at par. It is because is they differs then there may be the possibility that the company might have entered into the transactions which has been recorded in the one system and not recorded in other system. Secondly, as already said, there may be the chances of overstatement of understatement of income or the expenditure due to reporting in the different reporting period. Thus, this development will affect the audit and will persuade the auditors to perform the additional audit procedures and plan the audit accordingly. Stipulation of BDO Finance Limited The BDO Finance Limited has made the stipulated that the company is required to maintain the current ratio of 1.50 so as to enjoy the facility of $7.5 million in the future years. If gets deviated then the BDO Finance will withdraw the facility of loan. The risk factor that has been noticed is that the change in the current assets and the current liabilities. The current asset consists mainly of the debtors and the inventory and the current liabilities consist of the sundry creditors and the other expenses payable. To maintain the current ratio of 1.5, the company may increase the value of debtors by increasing the sales or decrease the creditors by making the payments. Secondly the other risk factor is that the company may increase the inventory value in order to increase the current ratio. The same has been done by the company by adopting the FIFO method of valuation of inventory instead of Weighted Average method. In this factor also, the audit will be affected. It is because the change in method of inventory will automatically increase the scope of the audit. The auditors will have to apply substantive procedures in order to confirm the inventory value. Secondly, the debtor figures will also be required to check in detail. It is because the revenue figure will also be increased to increase the value of the debtor and audit plan will require the adequate modification. Conclusion DIPL Company has been engaged in the business of the printing and publishing. As per the background information of the company, the company has the sound internal control system and accounting process. Since inception of the company, the company has been facing various risks that have lead to the material misstatements in the financial statements of the company. Secondly, the company has been able to engage in the manipulating practices which again have resulted in material misstatements in the financial statements of the company. The auditors role in the said risk factors and the financial statements has been enhanced. To conclude, the auditor plays very important role in the financial statements of the company.ts recommended that the company shall have the proper system in place so as to avoid the material misstatements in the financial statements. References ACCA, (2016), Analytical Procedures, available on https://www.accaglobal.com/vn/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/analytical-procedures.html accessed on 25-08-2017. Anastasia, (2015), Financial Statement Analysis : An Introduction available on https://www.cleverism.com/financial-statement-analysis-introduction/ accessed on 25-08-2017. Capital Markets Advisory Committee Meeting, (2013), Conceptual Framework available on https://www.ifrs.org/Meetings/MeetingDocs/Other%20Meeting/2013/March/AP%203%20conceptual%20framework.pdf accessed on 25-08-2017. Cooper S, (2015), A Tale of Prudence, available on https://www.ifrs.org/Investor-resources/Investor-perspectives-2/Documents/Prudence_Investor-Perspective_Conceptual-FW.PDF accessed on 25-08-2017. Gary S., (2017), The Importance of Inherent Risk Factors: Auditors Perceptions, Australian Accounting Review, Vol 3, Pp 38-44. Weiss D, (2014), Faithful Representation available on https://bschool.huji.ac.il/.upload/Seminars/Faithful%20Representation%20October%202014.pdf accessed on 25-08-2017