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The role of an Auditor and Audit Firm - Essay Example


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The role of an Auditor and Audit Firm

Apollo Shoes can also benefit from an external audit of their financial statements. We as the external auditor employ a process that first begins with a wide understanding of your corporate entity or business. Secondly, we consider risks faced by your company, the risk control measures employed by the management and the level of transparency during reporting of findings to stakeholders (Moeller & Robert, 2004). The core elements are the capabilities to adapt consistently to business expansion and dynamic needs, proactive recognition of issues and timely, cooperative resolution- involving management all through the process. Furthermore, our company utilizes a universal audit methodology on all audit practices not considering the location in order to achieve consistency and uniformity in approach. Our firm also has continuous and persistent commitment to continuous expansion. ...
Thus, in so doing adding not only cost but also real value to your company. We offer advice, support, and regulatory services to assist organisations carrying out regulator- controlled activities to handle regulatory risks in an environment that is ever- changing. Our firm aims at employing a proactive as opposed to a monitoring approach as part of its strategic necessity. In addition, our firm will also conduct Apollo Shoes systems and process assurance service. In the modern- day business world, financial reporting and IT environments are increasingly becoming complicated as increased dependence is placed on the

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data emanating from these processes and systems (Moeller & Robert, 2004). Furthermore, numerous countries have new regulations putting more stress on internal controls and habitually need autonomous assurance of the efficiency of internal controls. In order to achieve timeliness and accuracy of management decision- making and financial reporting information, of vital importance is documentation, attention to detail, and controls operation. Through our continued professional service and relationships with our clients, we offer third party assurances as a critical component of our auditing process. This is in line with the changes in business environments, increase in demand for transparency and trust as companies depend further on other companies to meet their corporate goals (Maletta, 1989). During the current tough and volatile economic times, obtaining a competitive edge and being confident in your processes, controls, procedures are business necessities. Companies must develop innovative methods to increase efficiencies while lowering costs to


The Role of an Auditor and Audit Firm Letter to Apollo Shoes Name University Course Tutor Date To Apollo Shoes We Kantha Audit firm offer various services to our clients such as internal audit services. There has been a drastic change in the role played by internal audit due to increased globalization, economic conditions, and emerging risks (Braiotta, & Braiotta, 1994)…
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The role of an Auditor and Audit Firm essay example
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