Financial Services and AMP Group
Added on 2020-04-07
7 Pages1616 Words150 Views
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Auditing and Assurance
ContentsPart 1 – Understanding Nature of the entity...............................................................................2Business operations................................................................................................................2Investment and Investment Activities....................................................................................2Finance and Financial Activities............................................................................................2Financial Reporting Practices.................................................................................................3Part – 2 Understanding the Industry...........................................................................................3Industry size............................................................................................................................3Industry Growth......................................................................................................................3Industry supply chain.............................................................................................................3Major players..........................................................................................................................4Market shares of industry players...........................................................................................4Critical success factors...........................................................................................................4Major Threats.........................................................................................................................4References..................................................................................................................................51.1
IntroductionAMP Limited is one of the Australia and New Zealand's well established and independentwealth management financial institution. The firm is increasing its international investmentand is also strategically growing its retail banking activities in Australia. The main aim of thisfirm is to provide financial as well as other products and services related advice to people aswell as other organizations in order to build their financial security. Other than Australia andNew Zealand the company is serving in different continents like Asia, North America, andEurope and also in the Middle Eastern Countries[ CITATION AMP17 \l 1033 ]. This reportpresents the risk analysis of AMP Limited. For doing risk analysis, various steps have beenfollowed. This includes understanding nature of entity, the Industry in which companyoperates, the legal environment, and external environmental factors. In addition, report alsodiscusses about AMP’s financial performance, management and governance, objectives andstrategies. Part 1 – Understanding Nature of the entityBusiness operationsAMP Limited exists in the financial industry from last 160 years. AMP Limited has growntheir business in the last decades and has become one of the leading specialists in wealthmanagement in countries like Australia and New Zealand. The main business operation thatis carried on by the AMP Limited is providing financial advices to their customers, providinginvestment products like retirement income, superannuation etc., to its customers as well as toits businesses. Its business operation also covers life insurance, and also income protection.Its operation also undertakes administration activities and also provides banking andinvestment services. The company also helps its customers with investing in shares and alsoin properties and infrastructure, etc.[ CITATION AMP17 \l 16393 ].2
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