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In United Kindom for year 2010 following is the ranking of Audit Firms:
1) PricewaterhouseCoopers
2) Deloitte
3) KPMG
4) Ernst & Young
5) Grant Thornton
Although in some years there are changes in ranking but PWC remains at the top every time
Number one worldwide according to Wikipedia is
Deloitte, Touche and Tohmatsu
Wiki User
∙ 12y ago
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Action plan to expand accounting firm to auditing firm?
1. I would say the first to get audit client- do outstanding work-. 2. Be active and outstanding in your community prove to be someone people can count on and when an organization they are one the board off needs an audit they will come to you. 3. Every time you get a letter requesting bids for an audit.. Make a bid. 4. Have staff that respond well to your clients and are knowledgeable. 50, it is seems once you get established and have a good name audit clients will just start coming from every an.e
Who chooses the independent auditing firm?
A company chooses who their independent auditing firm will be.Any and all businesses, companies and organizations have the right to hire any auditing firm that they are going to pay to perform annual or special audits. (If a third party is mandating and paying for the audit due to an acquisition, merger, or a court order, then the third party will hire and pay an auditing firm of their choice.)The word independent means the auditing firm can not be related to the entity it is auditing. The auditing firm can not audit itself, a subsidiary of itself, a brother/sister organization, or its parent company.Also, there can not be any conflict of interest. An employee for the auditing firm can not be on the team who audits a business that employs one of his/her immediate family, partners, or an organization in which he/she or his/her immediate family or partners has a material financial interest in, or has any arrangements concerning prospective employment with.If all of the above hold true, you have an independent auditing firm.
What would happen to a medical practice that did not record charges?
If a medical practice did not record charges, a number of things might occur. One of them could be an audit, if a practice isn't recording their earnings then that sort of thing would shoe up in an audit.
Where can one purchase audit software for their company?
Extensive research has provided very little information as to where one can purchase audit software. Further research has found that there is a company called "Intelex" that provides audit software. One can apply for a free trial from their website. This company has provided audit software for companies such as Bell, GE and Volvo.
What is inconclusive audit?
An inconclusive audit is one in which the evidence presented is not definite under the specific requirements needed. Information that may be conclusive in other situations can sometimes be inconclusive during an audit.
Action plan to expand accounting firm to auditing firm?
1. I would say the first to get audit client- do outstanding work-. 2. Be active and outstanding in your community prove to be someone people can count on and when an organization they are one the board off needs an audit they will come to you. 3. Every time you get a letter requesting bids for an audit.. Make a bid. 4. Have staff that respond well to your clients and are knowledgeable. 50, it is seems once you get established and have a good name audit clients will just start coming from every an.e
How the acceptance of large and high risk audit clients for relatively high audit fees may threaten an audit firm's de facto and perceived independence?
The professional judgment of auditors may be compromised when their firm is overly dependent on one or a few large clients. Auditors, even those at the lower levels of a CPA firm, are likely cognizant of the economic impact that losing such a client would have on their firm and possibly on their own professional careers. This awareness alone may cause auditors to be more "flexible" during such engagements. This problem may be compounded when a large client poses a relatively high audit risk since there is a greater likelihood that problematic issues requiring the exercise of professional judgment will arise on such an engagement. Criticism of the auditing profession has sensitized investors, creditors, and other third-party financial statement users to the paradoxical nature of audit independence. Third parties often find it difficult to accept that auditors can maintain an objective, professional point of view when the client retains and compensates the audit firm. This skepticism is likely heightened in circumstances such as those that existed in the Phoenix audit market in 1985. In a highly competitive audit market, the acceptance of a huge client, such as Lincoln, may cause third parties to assume that the given audit firm will resolve key accounting and auditing issues in the client's favor to ensure retention of the client.
Who chooses the independent auditing firm?
A company chooses who their independent auditing firm will be.Any and all businesses, companies and organizations have the right to hire any auditing firm that they are going to pay to perform annual or special audits. (If a third party is mandating and paying for the audit due to an acquisition, merger, or a court order, then the third party will hire and pay an auditing firm of their choice.)The word independent means the auditing firm can not be related to the entity it is auditing. The auditing firm can not audit itself, a subsidiary of itself, a brother/sister organization, or its parent company.Also, there can not be any conflict of interest. An employee for the auditing firm can not be on the team who audits a business that employs one of his/her immediate family, partners, or an organization in which he/she or his/her immediate family or partners has a material financial interest in, or has any arrangements concerning prospective employment with.If all of the above hold true, you have an independent auditing firm.
Where can one purchase The Firm workout DVD?
There are a number of places once can purchase the workout DVD, "The Firm". One can purchase these videos from online sites such as Amazon, eBay and Overstock.
What is audit note book?
an audit notebook is one in which the auditor makes notes of all important items that he comes across in cource of his audit work.
What would happen to a medical practice that did not record charges?
If a medical practice did not record charges, a number of things might occur. One of them could be an audit, if a practice isn't recording their earnings then that sort of thing would shoe up in an audit.
Where can one purchase audit software for their company?
Extensive research has provided very little information as to where one can purchase audit software. Further research has found that there is a company called "Intelex" that provides audit software. One can apply for a free trial from their website. This company has provided audit software for companies such as Bell, GE and Volvo.
What is one reason that audit quality can suffer?
Research has found that audit quality suffers when the auditor has an incentive to limit the amount of audit testing to ensure that the engagement remains profitable.
In the telecom industry what is an audit?
An audit in the telecom industry could be one of several things. First, it could be an accounting audit to record financial statistics. Second, it could be an audit on the compliance of ISO standards for hardware, software or processes. Lastly, it could be a health and safety audit on workplace conditions.
What is Number one sport in world?
soccer! is the number one sport in the world
What is the number one name in the world?
muhammed is the number one name in the world
Where could one find a law firm for criminal law in California?
There are a number of websites that allow one to find a law firm for criminal law in California. One can find listings on 'Find Law' and also on 'Yelp' which has reviews of each law firm.
