Assessment Intermediary final paper: Each student will complete a report summarizing all the information they have gathered about the financial intermediary assigned. The report must be limited to 6 p

Week 2
As soon as I have approved your selection of a financial intermediary share why you have selected this intermediary with your classmates and what you hope they will learn by reading your posts about the company over the course of the quarter.

To illustrate, assume I want to share information about CalPERS. If you are a member of CalPERS who is vested (i.e. who has 5-year of service with an organization), you will receive approximately 50 percent of your pay during retirement. Despite COVID-19, CalPers states that it will provide retirement benefits to California's public-sector employees. To be eligible for benefits, employees must be vested in the system. This implies that they have 5-year of service. These vested employees will receive about 50% of their pre-retirement salaries. Despite CalPers commitment to people, the organization is significantly underfunded.

85 words
https://www.sacbee.com/news/politics-government/the-state-worker/article228534849.html

This assignment is worth 5 points. Your grade will be calculated as follows:

Your post shows that you are addressing the question (2 points).
Your post does not exceed 200 words and the number of words used is clearly indicated at the end of your post (1 point).
Your post uses correct spelling, punctuation, and grammar (1 point).
Your post uses references or your experience. If you are adding references at the end of your post use the APA style. If you are not using references, write “Experience” at the end of the paragraph (1 point).
I choose Deloitte as my financial intermediary , for the basic information of Deloitte is that this company is one of the four largest accounting firms in the world, it was founded in London in 1845. The reason why I want to share this company is that it is a company integrating accounting, investment, consulting and other businesses, with the characteristics of diversity and comprehensiveness, and the accounting business is mainly focused on audit, the consulting business is mainly for financial consulting, the investment business accounts for less than the investment and consulting, at the same time, as a student majoring in finance, I am curious about how this company can achieve such a wide range of financial businesses while maintaining a long-term stable and mature development, and Deloitte has an effective and standardized legal system of its own. Its employees are defined as individual legal individuals, who will not bear legal obligations due to the fault of others, this system reflects the uniqueness and perfection of Deloitte system.
Word Count: 181
Reference：https://www2.deloitte.com/cn/zh.html

Week 3

What did you learn about the approved financial intermediary this week? Use the feedback you have received from your peer(s) and my comment(s) to address the question. If you have not yet explained what this intermediary does - please do so. Remember to share the latest news about the intermediary.

To illustrate - I have selected WEBULL - WEBULL is an online broker. Specifically, WEBULL an independent, self-directed broker dealer. A broker-dealer acts as a broker (or agent) when it executes orders for clients. It acts as a dealer it trades for its own account. To buy and sell assets like stocks, bonds and mutual funds, you need to open an investment account through a stockbroker or an online broker such as WEBULL. You will deposit cash in your account (brokerage account) to buy and later sell assets such as stocks, ETFs etc. WEBULL offers no commission, $20 minimum deposit and online resources. WEBULL is a new company (founded in 2017). It is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). FINRA regulates brokerage firms and stockbrokers while the SEC regulates individual investors. Interestingly, FINRA is the successor to the National Association of Securities Dealers, Inc (NASDAQ). Denier, the company CEO suggested purchasing Disney during the pandemic. Denier has stated that the coronavirus has been hurtful to the entertainment giant but it is still a strong business with a good management record.

Because I haven't received any feedback or comments at present, I'm going to do more analysis and introduction to the financial intermediary company I choose. I want to talk about Deloitte's audit business in this discussion. As one of the four major accounting firms, Deloitte has adopted different audit methods compared with the other three companies, Deloitte has adopted the method of collecting a large number of data and samples to ensure the accuracy and professionalism of the conclusions, so the quality of the audit report Deloitte has produced is very high. In terms of the choice of cooperative companies, Deloitte is more likely to cooperate with small enterprises, as for the reasons, it will be the direction of my later analysis.

Count: 132

Reference:

https://www2.deloitte.com/uk/en/pages/impact-report-2017/articles/innovation-in-audit.html

Week4

I discussed Deloitte's unique legal obligation system last week, each employee is an independent legal individual, and the legal obligation of violating the rules in the process of work is borne by the individual. about the latest news of Deloitte, this company are working for the transformation of the medical industry to digital transformation due to the outbreak of COVID-19. For example, 5G and artificial intelligence technology are used to promote remote operation and global medical information sharing. Deloitte's current research direction is very beneficial to the global medical resources sharing and collaboration.

Count: 99

Reference:

https://baijiahao.baidu.com/s?id=1665299894919214332&wfr=spider&for=pc

Week 5

What did you learn about the approved financial intermediary this week? Use the feedback you have received from your peer(s) and my comment(s) to address the question. Make sure you are sharing information about what your intermediary is doing also remember to share the latest news about the intermediary.

Last week, I discussed Deloitte's appeal to promote the transformation of medical industry to digital field. Some classmates expressed their approval that the transformation of medical industry into digital industry can promote the high-quality and efficient development of medical industry. This week, Deloitte announced that it will invest 25 million pounds in the area of blockchain, including the cooperation with a Start-up company in blockchain area named SETL and a virtual technology cluster group which short as VTC. The main purpose of Deloitte's investment in this area is to reduce transaction costs, improve transparency and provide customers with the highest technological financial services. In the future, I will make more discussion in the investment of Deloitte.

Count： 117

Reference:

Stephanie W. "Deloitte go tech crazy with last investment" December 8, 2016.

https://www.accountancyage.com/2016/12/08/deloitte-go-tech-crazy-with-latest-investments/

week6

Last week, I mainly shared Deloitte's investment in the field of medical digitization, and some classmates also agree with Deloitte's approach. Under the current situation which influenced by COVID-19, medical digitalization will drive global medical cooperation, which shows Deloitte's investment direction is very valuable.

This week, Deloitte issued its latest report, in which it said that the volume of M&A cases in China's medical industry was 24% lower in 2019 than 2014, mainly due to the downturn of cross-border M & A market, which should also reflect the impact on medical industry and the performance of economic globalization through the COVID-19.

Count: 110

https://baijiahao.baidu.com/s?id=1665293066428523061&wfr=spider&for=pc

week7

This assignment is worth 5 points. Your grade will be calculated as follows:

Your post shows that you are addressing the question (2 points).
Your post does not exceed 200 words and the number of words used is clearly indicated at the end of your post (1 point).
Your post uses correct spelling, punctuation, and grammar (1 point).
Your post uses references or your experience.If you are adding references at the end of your post use the APA style.If you are not using references, write “Experience” at the end of the paragraph (1 point).
COLLAPSE
Top of Form
According to the statistics, Deloitte updates the company's salary competitiveness report. According to the report, Deloitte's business income is about US $13.4 billion per year, ranking first among the four accounting firms. The data fully shows Deloitte's strong competitiveness in the industry, at the same time, Deloitte announced that its salary level will remain at the top level in order to attract outstanding talents.
In the current situation that lots of companies was influenced by COVID-19, Deloitte issued such a report are likely to show that the company hopes that the market and customers will not lose confidence in this company, and also hope to stabilize its industry position.
Count:114
https://baijiahao.baidu.com/s?id=1665091185589248399&wfr=spider&for=pc
Bottom of Form

Week8

This assignment is worth 5 points. Your grade will be calculated as follows:

Your post shows that you are addressing the question (2 points).
Your post does not exceed 200 words and the number of words used is clearly indicated at the end of your post (1 point).
Your post uses correct spelling, punctuation, and grammar (1 point).
Your post uses references or your experience.If you are adding references at the end of your post use the APA style.If you are not using references, write “Experience” at the end of the paragraph (1 point).

Founded in 1845, Deloitte company with its branches all over the world, provides financial services such as audit, tax and consulting services for all over world, it is a truly globally and comprehensive enterprise.

Recently, Deloitte released a report on the impact of the COVID-19 on China's retail industry, which pointed out that offline Chinese retail industry lost at least 50% of customers, but online sales reflected that about 75% of online stores were not affected. We can see that because of the closure of the city, the retail industry becomes the most directly affected group, so the integration of online and offline sales in the future seems like a necessary and important direction for this industry.

Count: 144

Reference:

Sina E,”Novel coronavirus pneumonia impact on China's retail industry finance and operation”1 March 2020.

https://tech.sina.com.cn/roll/2020-05-26/doc-iirczymk3540445.shtml

week9

This assignment is worth 5 points. Your grade will be calculated as follows:

Your post shows that you are addressing the question (2 points).
Your post does not exceed 200 words and the number of words used is clearly indicated at the end of your post (1 point).
Your post uses correct spelling, punctuation, and grammar (1 point).
Your post uses references or your experience.If you are adding references at the end of your post use the APA style.If you are not using references, write “Experience” at the end of the paragraph (1 point).

Deloitte has about 200000 professionals, and has a network of more than 150 countries around the world. With its world-class and high-quality professional services, Deloitte provides customers with in-depth insights needed to meet the most complex business challenges.

According to the latest news, affected by the shutdown caused by the outbreak and the slowdown in business growth, Deloitte is said to cut 5% of its US employees, with a total number of about 5300. This news is not good news for graduating students or Deloitte employees, and hope the employment environment can be improved before graduation season.

Count: 103

Reference:

https://3g.163.com/news/article/FE9Q919505198NMR.html

week 10

This assignment is worth 5 points. Your grade will be calculated as follows:

Your post shows that you are addressing the question (2 points).
Your post does not exceed 200 words and the number of words used is clearly indicated at the end of your post (1 point).
Your post uses correct spelling, punctuation, and grammar (1 point).
Your post uses references or your experience. If you are adding references at the end of your post use the APA style. If you are not using references, write “Experience” at the end of the paragraph (1 point).

Before this week, I made a detailed introduction to Deloitte's business structure and employee responsibilities, but Deloitte also has a feature that its branches do not provide direct services to customers, because Deloitte has its own unique work and legal system, and its main work is to audit the internal finance of large enterprises rather than provide services to the company. I think this is also true It's a feature of their emphasis on corporate responsibility.

According to Deloitte's latest research, it is believed that people will increase their investment in the luxury industry in the future. The data shows that hotels, yachts and clocks industry was greatly affected by the COVID-19, but cosmetics, bags and clothing was not affected much. I think this is because the price of cosmetics and clothing is not too high, and they can be purchased online, so the two industries are less affected.

Count: 152

Reference:

https://3g.163.com/news/article/FEMG7LK30519FFAI.html