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Global wealth is less evenly distributed.

Due to globalization

The wealth gap is growing larger

Outsourcing is becoming more common

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15y ago

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What are the current impact of globalization forces to the audit profession?

what are impact of current forces of globalization to the audit profession


What does prompted by globalization trends mean?

"Prompted by globalization trends" refers to changes, actions, or developments that are driven by the increasing interconnectedness and interdependence of economies, cultures, and societies worldwide. This can include the spread of technology, trade, and communication, which influence how businesses operate, how cultures interact, and how policies are shaped. Essentially, it highlights the influence of global dynamics on local or specific situations.


What are the positive aspects of globalization and how do they impact different countries and industries?

Globalization has positive aspects such as increased trade, cultural exchange, and technological advancements. These benefits can lead to economic growth, job creation, and access to new markets for countries and industries. However, globalization can also create challenges such as income inequality and cultural homogenization. Different countries and industries may experience varying impacts of globalization depending on their level of development and ability to adapt to global trends.


Where are current trend is tied to increased globalization and effected cheaper transportation?

Current trends in globalization are closely linked to advancements in technology and logistics, which have significantly reduced transportation costs. This has facilitated the movement of goods and services across borders, enabling businesses to access global markets and supply chains more efficiently. As a result, consumers benefit from a wider variety of products at lower prices, while companies can optimize operations and reduce production costs. However, this increased interconnectedness also raises concerns regarding environmental impact and economic inequality.


Industrial relations and the emerging socio-economic scenario?

Emerging socio-economic means the new trends in Industrial Relations in the era of GLOBALIZATION.. BY:- SHALINI TIWARI MBA (HRM)