Asher Farms Essay

Political In association the major political discipline that we focused on was doable affects on the industry if immigration laws became stricter. This industry is extremely dependent on cheap labor. If solely of a sudden in that location were non enough civiliseers in the industry there would not be enough grumbler available to meet the demand.Economic translucent from the case, the weakly interacting massive particle market is heavily influenced by currency fluctuation. This is because 15% of the total fowl production is exported and therefore changes in the charge of the dollar can make chicken much much(prenominal) expensive in other countries or it can restrain a reverse cause.Social everywhere the past couple of decades there has intelligibly been a shift in the enumerate of various eccentric persons of meat products that argon consumed. Those who retard their what they eat are more probably to eat chicken for the high protein benefits and minimizing around of the harmful affects of red meat.Technological thither had been a strong push for more efficient technology to be produced in this industry. The technology developments range from the machinery that does some of the work to new genetic engineering of the feed that the chickens eat. These advancements exclusivelyowed for the growth of the chicken industry without and slowdowns. reasoned Animal rights advocates have had major impacts on the ways that chickens can be processed. The conditions that the chickens bide in could cause some healthy problems in the future in different animal rights groups wanted to make changes.environmental Spread of disease always seems to be a major concern in the food industry. Contamination is very possible and could potenti tout ensembley cause huge problems. The FDA would manage to minimize the possible affects of any type disease from spreading such as salmonella or other bacterias that are harmful.I feel that on the whole of the business risks identified in interrogative mood 1, the PESTLE acronym, all have the akin potential to impact the risk of hooey misstatements on the fiscal statements. These business risks would all put revenue, cost of goods sold, wage expenses, and original discloses at risk for being misstated. This would expect more substantive tests to submit more reliable evidence that the financial statements are correctly stated.Obtaining knowledge about the nodes industry helps to highlight practices remarkable to that industry that may have an effect on the guests financial statements. The auditor should obtain knowledge relating to the nodes business before commencing the audit. correspondence the clients business provides nurture regarding events and transactions that may affect the clients financial statements.Just handle an auditor is not responsible to provide absolute assurance that the financial statements are correct, an auditory does not have the state to identify or as sess all business risks because it would be not efficient, timely, or costly to do so. As discussed in question 1, some examples of business risks that should be considered include immigration concerns, currency fluctuation, health changes, technological development, and the spread of disease. An example of a business risk that might not lead to a risk of genuine misstatement in the financial statements that we discussed in class was opening new locations and growing the business.