Auditing - Coursework Example


Extract of sample

The general auditing standards require that an audit is carried out by qualified staff with appropriate skills, experience and training (Gomez, 2012). In order for a company to ensure that this standard is followed, a company ought to recruit competent audit staff. In this case, the chairman of the board of directors confirmed that the company employs well trained and qualified personnel. Therefore, this means that the auditors were well trained and qualified. However, the audit report does not give the auditor general’s credentials. Field auditing standards require high quality and timely execution of audit. An auditor is required to plan the audit process. In this case, if the audit process had not been planned, it would not have been ready for presentation to the shareholders and other stakeholders. Shareholders should receive an audit report in order to determine the progress of the company. After completion of the audit process, auditors are required to make an audit report giving an opinion on the financial statements of the organization. Additionally, the report is supposed to follow a given format, which includes a title, addressee, introduction, scope of the audit, opinion of the auditor, date and the auditor general’s signature (Gomez, 2012). However, although the auditors of BP p.l.c made a report, they did not follow the required format. ...Show more


Auditing Question 4 An organization has to adhere to the standards formulated by regulatory bodies. Standards are essential ingredients to the development of appropriate principles and procedures to be followed (Gomez, 2012)…
Author : zmueller
Save Your Time for More Important Things
Let us write or edit the coursework on your topic
with a personal 20% discount.
Grab the best paper

Related Essays

Apple Tree Lane Child-Care and Nursery Centre.
Apple Tree Lane Child-Care and Nursery Centre is a privately-owned nursery utilising local rental space in the village hall in order to maximize customer volume and provide more efficient child care services.
12 pages (3000 words) Assignment
Marketing Audit
This report assesses and evaluates one of the most important functions of the organization- marketing. Marketing planning is essential in any organization as it provides a systematic approach and gives the managers a deep insight about the existing relationship and integration of marketing function with the overall strategy of the organization.
10 pages (2500 words) Essay
For any organization, the top level persons such as CEO or Directors set the tone for commercial performance and corporate governance for any company (Crowe Horwath, “Setting the Tone at the Top: Sustaining Ethical Behavior”). The case of Societe Generale provides a perfect example indicating the importance of auditing in an organization.
6 pages (1500 words) Case Study
The World is Flat by Thomas Friedman, Picador
He keeps comparing his findings with those of Columbus’s and eventually tells that he found that the “World was Flat.” He got immensely inspired by the existence of a video conferencing system embedded in one f the companies of India named Infosys. He is mesmerized when one of the personnel tells him just was he was trying to configure that the ‘Playing field was leveling’.
8 pages (2000 words) Book Report/Review
Rthur Anderson Scandal
Their activities were so effective that they regained people’s faith in the businesses after the great depression. Company’s Morals The company maintained a positive image in the eyes of the public. Arthur Andersen was widely known for integrity and honesty.
8 pages (2000 words) Essay
Assessing the marketing and business capability of small to medium sized businesses (SMEs)
Recommendations Small and medium, scale industry is growing day by day, and, most importantly, the industry is contributing a major part to countries’ economic development. It is the most potential industry that needs to be carefully handled. In order to improve the business performance in this rapidly changing competitive business environment, the SMEs should adopt the marketing auditing in their business.
9 pages (2250 words) Assignment
Corporate strategy
PwC currently, operates in over 158 countries employing over 169,000 persons. PwC PricewaterhouseCoopers International Limited (PwCIL) is an umbrella name under which different firms operate as a separate legal entity using brand name PwC. The paper attempts to examine the role strategic resources and capabilities play in the success or failure of PwC.
9 pages (2250 words) Essay
Individual report - Be able to develop a communications process
Communication enables the connection between the organization and the departments, stakeholders and team (Pardey, 2007). Many organisations are using different forms of media to carry out its communication goal. The media consists of different forms of communication that are newly been developed.
5 pages (1250 words) Research Paper
Enhancing Employability & Employment
The author of the study has also proposed various theoretical models to curb down these issues. The theoretical models provided would not only remove the barriers but also act as a catalyst in the improvement in the productivity of the organizations. The utilization of the exploratory research methods has been helpful in understanding the current accounting and taxation practices within Ernst & Young.
12 pages (3000 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email