Essays Tagged: "Audit"
Accountants.
l Interest: Analyzing Financial InformationSubclasses: Financial accountantsTax accountantsInternal auditorsA college student decides she wants to become an accountant. General accounting and bookkeep ... mation she wants to analyze and how it is done. Financial accountants, tax accountants and internal auditors are all accountants in general, but require different training and work methods. A financia ...
Subjects: Businesss Research Papers > Accounting
Critically evaluate the assertion that "auditing e-business is no different from auditing any other business"
Critically evaluate the assertion that "auditing e-business is no different from auditing any other businessFor me to be able to answer the ... s, and also public policy legal and private issues.An e-business possesses many new problems for an auditor to encounter. While the basic principle and procedures underlying the audit of a company car ... and procedures underlying the audit of a company carrying out e-business are the same as any other, auditors may need to acquire or buy in specialist skills and knowledge to identify the risks. The au ...
Subjects: Businesss Research Papers > Management
Auditing - The Risk-Based Approach
Auditing - The Risk-Based ApproachIntroductionRisk, plays a large part in the world of Auditing. Aud ... achIntroductionRisk, plays a large part in the world of Auditing. Audit risk, represents risk to an auditor or an audit firm, as the risk of paying damages to a client may arise out of negligent work ... se out of negligent work when trying to show a true and fair view of a set of company accounts. All audit work involves some level of risk; this may be because a set of company accounts have been miss ...
Subjects: Businesss Research Papers > Accounting
Application of section 8 of Quality System standard (BS ISO 9000:2001) on a fast food restaurant
ion, and poor and very poor, that require further investigation or corrective action.8.2.2 Internal AuditThe standard requires to perform internal quality audits, so as to ensure that the system meets ... as to ensure that the system meets the requirements of ISO 9001:2000. A quality system which is not audited will not work and will quickly fade away.(JACKSON-ASHTON ) The importance of audits inside t ...
Subjects: Businesss Research Papers > Management
Case study of diferences between US and UK accounting
1. Discuss the differences between the US and UK "opinion" paragraphs of the auditors reports. What practical effects might these differences have?In general the standard form t ... audit reports take in the US in comparison to that of the UK is very similar. In both countries the audit report seeks to give a second opinion as to the fairness of the financial statements and in bo ... ve a second opinion as to the fairness of the financial statements and in both cases will state the auditors opinion regarding the fairness of these within the context of the accepted accounting stand ...
Subjects: Businesss Research Papers > Accounting
ACCOUNTING INFORMATION SYSTEMS
technology. Aspects of systems that make them flexible and useable make them harder to control and audit; information reliability and integrity are major problems. Accountants must work as part of a ... hey serve as information analysts and consultants. They work as systems, operational, and financial auditors.Relation to Management Information SystemsA management information system (MIS) records, st ...
Subjects: Businesss Research Papers > Accounting
Auditing the IT Security Function: An Effective Framework
ystems have been developed into internationally recognised standards, providing a valuable tool for Auditing the IT Security Function. Convincing management that the audit process is necessary to main ... t process is necessary to maintain good security is perhaps one of the main hurdles preventing good auditing practices to be adopted. There are, however, convincing arguments to help persuade those in ...
Subjects: Science Essays > Computer Science > Internet and networking
The Audit Expectations Gap
Auditing has developed from what, in the twelfth century, was primarily a check of the accounting fo ... s and other users of financial information . But what motivates people to enlist the services of an auditor? In explaining why the demand for the auditor is so varied, the academic Wallace identified ... lace identified a three tier hypotheses of Stewardship, Information and Insurance. Thus viewing the audit in the modern day business arena, as offering protection of integrity to the Director, a condu ...
Subjects: Businesss Research Papers > Accounting
Choosing Accounting as a career.
Accountants and auditors help to ensure that the nation's firms are run efficiently, its public records kept accurat ... nts, many accountants are required to possess a wide range of knowledge and skills. Accountants and auditors are expanding the services they offer to include budget analysis, financial and investment ... ublic, management, government and internal. Public accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients, who may be corporations, governments, no ...
Subjects: Businesss Research Papers > Accounting
Accounting Procedures
financial records recently, such as Enron, there is a need for investigations beyond the accounting auditor capabilities. A look at the different qualifications of a forensic accountant or more specif ... ities. A look at the different qualifications of a forensic accountant or more specifically a fraud auditor will show that this position would fill those needs. This paper will look at what a fraud au ...
Subjects: Businesss Research Papers > Accounting
What is an auditor?
An auditor is primarily concerned with reporting on the financial position of an organization and on th ... he financial position of an organization and on the results of its operations for a period of time. Auditors are hired to express an opinion as to whether the published financial statements of the org ... osition and the results of its operations for the period for which such statements are prepared.The auditor is responsible for ensuring that financial statements are properly prepared free of material ...
Subjects: Businesss Research Papers
Auditor independence justify ad it is enough in Australia.
Auditor independence is a crucial determinant in the delivery of audit quality. A key aspect of audi ... audit quality. A key aspect of auditor independence is ensuring that other services provided to an audit client do not impair the auditor's objectivity. Without independence, the value of the auditor ... he auditor's attestation function would be decrease in the eyes of a third party that relies on the auditor's communication. Independence requires objectivity and freedom from bias. And the auditor mu ...
Subjects: Businesss Research Papers > Accounting
Ethical Standards in Accounting
ectations.Objectivity deals mainly with how the accountant communicates both with the company being audited as well as the public at large. This standard is to ensure that all relevant information eit ... nformation noted if necessary. A violation of this standard would be if the accountant in charge of auditing had knowledge that shell companies were being created and funds funneled to those companies ...
Subjects: Businesss Research Papers > Accounting
Audit Engagement
Financial Accountant Archie : Do we have any legislative obligation to be audited? Nijina : No! There is no legislative obligation for a medium size company t ... pt 1, we are reporting entity, and under Corporate Law Section 292(1), a reporting entity has to be audited.Yin Mei : So, what is Accounting Concept 1, could you explain it more detail ...
Subjects: Businesss Research Papers
Corporate Financial Internal Controls
e publishing of the internal controls in the annual report of the company. Over the last ten years, auditors and preparers have reached agreement on some of the routine internal control items to be in ... esentation; Purpose, nature and components of the company's internal controls; role of the internal audit, role of the audit committee, role of the independent auditor (Willis, et al, 2000). Apart fro ...
Subjects: Businesss Research Papers > Management
The Audit Process
es, regulations and legislation.Recommend improvements in control, performance and productivity.The auditor begins by establishing and understanding of the current system functions. This can be achiev ... current system functions. This can be achieved by procedure manuals and examples of documentation. Auditing is done through a series of steps which improve the individuals ability to achieve his/her ...
Subjects: Businesss Research Papers > Management > Human Resource Management
Environmental Factors Paper
cations (1989, Keegan,W.J.).Operations globally can be evaluated and improved by a global marketing audit. Audits have a wide focus, are independently carried out, are systematic and conducted periodi ... e focus, are independently carried out, are systematic and conducted periodically. To be successful audits have to have objectives, data, sources of data and a time span and reporting format. Audits c ...
Subjects: Businesss Research Papers > Marketing
Audit Expectation Gap
Definition and structure of the audit expectation gapIn today's growing world of business, we see organizations reaching heights and ... he past years is seen on the corporate governance activities to ensure a good image of the company. Auditing being a legal obligation for the companies now, ensure that the financial reports of the co ... l reports of the company are without any material misstatement and frauds. Reports presented by the auditors work as an assurance for the investors and other stake holders. However, in recent years, w ...
Subjects: Businesss Research Papers > Accounting
Audit
RSITI TUNKU ABDUL RAHMANFaculty of Accountancy and ManagementBachelor of Accounting (Hons)UKAF 2124 Auditing and Assurance Services II (May 2011, Y3S1)Lecturer/Tutor: Mr. Vincent TungGROUP ASSIGNMENT ... otal 100%Question 1: Following his resignation, MedTrans' former CFO met Gordon Johns, the Deloitte audit engagement partner. Did the CFO have a responsibility to inform Johns of the errors in MedTran ...
Subjects: Businesss Research Papers > Accounting
“The Statutory Company Auditor is not an employee of the company”. Discuss this statement in the context of the appointment, duties, remuneration, resignation and removal of a Company auditor in respect of both private and public companies.
Question 3IssueEvery company must have auditors, subject to certain company exemptions under Section 205B and 205C mentioned in the Compani ... t to certain company exemptions under Section 205B and 205C mentioned in the Companies Act. Company auditors must be a certified practicing accountant. Auditors who want to practice their professional ... (ACRA) and the Institute of Certified Practicing Accounts of Singapore (ICPAS).Unlike the internal auditors, where the job function is to satisfy that accounting information presented to management t ...
Subjects: Law & Government Essays > Law