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How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
Why do you want to join audit or tax or advisory?
You may face to face this question if you apply for an audit company:D
Stakeholders that would be interested in an audit report?
Shareholders of the company, the directors of the company, the accountant of the company and future investors or creditors
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.
What is the difference between audit report and audit certificate?
Guidance Note on Audit Reports and Certificates for Special Purposes 1. Introduction 1.1 Government authorities may, under various statutes or notifications, require reports or certificates from auditors in support of statements or other information prepared by an enterprise. Reports or certificates on specific matters may also be required from auditors by an enterprise, for its own special purposes. These reports or certificates cater to specific requirements of the individual users unlike a 'general purpose report' e.g. an auditor's report on financial statements which is intended for general use. An audit report or certificate for special purpose is one to which the format of general purpose audit report is not applicable. 1.2 This note is intended to provide guidance to members who way be called upon to give audit reports or certificates for special purposes (herein referred to as 'reporting auditors'). Reports on profit and/or financial forecasts and on tax audit do not fall within the scope of this guidance note.* 2. Scope of Special Purpose Audit Reports and Certificates 2.1 Audit reports or certificates for special purposes may be issued in connection with: a. financial statements which are prepared in addition to general purpose financial statements; b. specified elements, accounts or items of a financial statement; c. compliance with requirements of any agreement or statute or regulation; d. financial information given in special purpose formats or schedules; e. compilation of statistics or ascertainment of basic figures e.g., for the purpose of fixing quotas or levies. 2.2 A reporting ' auditor Should appreciate the difference between the terms certificate' and 'report'. A certificate is a written confirmation of the accuracy of the facts stated therein and does not involve any estimate or opinion. A report, on the other hand, is a formal statement usually made after an enquiry, examination or review of specified matters under report and includes the reporting auditor's opinion thereon. Thus, when a reporting auditor issues a certificate, he is responsible for the factual accuracy of what is stated therein. On the other hand, when a reporting auditor gives a report, he is responsible for ensuring that the report is based on factual data, that his opinion is in due accordance with facts, and that it is arrived at by the application of due care and skill. 3. Responsibility for Preparation of Special Purpose Statements The primary responsibility for the contents of a special purpose statement rests with the enterprise and this would be evidenced by a suitable declaration or authentication by the management on the face of the statement.
What is the audit?
A diagnostic audit is typically an audit done on certain medical examinations. For example, mammograms are diagnostic, therefore a diagnostic audit would include mammograms.
What is the diagnostic audit?
A diagnostic audit is typically an audit done on certain medical examinations. For example, mammograms are diagnostic, therefore a diagnostic audit would include mammograms.
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
How would you save against disadvantages of continuous Audit Compare between Continuous Audit and Periodical Audit?
Is there sports teams in Dublin?
Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.Dublin is the largest city in Ireland. There are loads of teams in all sorts of sports in Dublin, far too many to mention in full. They would include Gaelic Football teams, Hurling teams, soccer teams, rugby teams, camogie teams and many, many other teams.
How would you describe a social audit?
Businesses that are concerned about social responsibility will conduct social audits. This is a systematic evaluation of the organization's progress toward implementing socially responsible programs.
After completing an audit of financial records and they are accurate what kind of a statement should I make to the board?
If you don't know the answer to this question, then you obviously are not qualified to perform an audit (at least not a GAAP / GAAS / GAGAS, etc ). To answer question however, you would prepare an audit report which would be included in the financial statements, you would prepare a communication regarding internal controls to the board and you would also have a closing conference which would include the board and possibly management.
What are the marketing activities a market audit would concentrate on?
whaat are the marketing activities a marketing audit would concentrate on?
What national football teams does the US have?
If one is referring to the number of teams in the National Football League (NFL), there are thirty-two teams in total. Other national football teams would include men and women's soccer teams.
Why firm fail to realize important of customer?
Some reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethicsSome reasons would include:* Lack of social responsibility * Poor management * Lack of understanding about customer behavior * Lack of passion for mankind * Lack of business ethics
Mention three stakeholders who would be interested in the audit reports?
mention three stakeolders that will be intrested in the audit report
Why would a green audit be carried out?
to help a community
What teams play on the setanta network?
There are numerous teams that play on the setanta network, including all types of different sports. This would include football, basketball, baseball, and even tennis.
