Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
200- 300 word response the following statement about role of the auditor in a free market economyOne of the main roles of an auditor in a free market economy is to ensure accurate information in the absence of regulatory requirements. A free market economy is based on supply and demand with little or no government control according to Investopedia.com. It is where buyers and sellers are allowed to trade freely based upon a mutual agreement without the interference of state taxes, subsidies, or regulation. A free market economy can only exist if accurate, reliable data is available. There is a great deal of speculation but very little hard evidence concerning the precise levels of accountability. This is where auditor’s role is very important.Auditing plays a unique role in our economy. By law, all companies whose securities are available to the general public through U.S. exchanges are required to have their financial statment audited by an independent registered public accounting firm (U.S. Chamber of Commerce). Auditors contribute to an effective capital market by providing independent evaluations about the reliability of an organizations financial statement or the efficiency and effectiveness of various aspects of its performance (Rittenberg, 2008). Auditors must gather evidence to determine whether the financial statements are fairly presented in accordance with Generally Accepted Accounting Principles (GAAP) and issues an opinion to be used by third-party users, management, and the Board of Directors. Auditors must be truthful in the investigation process because you don’t want to mislead others with false information; this could damage the companies reputation.Auditors face a number of legal challenges. It is subject to new regulations and the profession finds itself the target of a difficult litigation and regulatory enforcement environment. New laws have come into play; most notably the sarbanes oxley act of 2002. Audit firms feel that they are caught in a no-win situation between the demands of regulators, law enforcement, the plaintiff’s bar, and their clients (U.S. Chamber of Commerce). However most importantly; auditors must know that they have a very important role when it comes to being truthful on the audit and providing the most reliable evidence that they have gathered.Philippians chapter four, verses eight through nine says, Finally brothers, whatever is true, whatever is honorable, whatever is just, whatever is pure, whatever is lovely, whatever is commendable, if there is any excellence, if there is anything worthy of praise, think about these things. What have you learned and received and heard and seen in me – practice these things, and the God of peace will be with you.
Explain Privacy in Computing and for this conference locate a privacy policy on a publicly available web site
Explain about Elements of Marketing Mix and What are some marketing mix decisions you must consider when creating your marketing plan
running head coleman art museumcase study coleman art museumcase recapto start off the museum has shown a loss for the
What are the major issues emphasized in corporate social responsibility?
Explain Global Marketing- key informaiton and Clearly explain the advantages and disadvantages of home vs host sources of funding for financing global projects
you are the manager of an accounting department and would like to hire another managerial accountant to focus on
critically evaluate the role of the customer in formulating and influencing marketing strategy as presented by piercy
in this assignment you will compare and contrast the differences between marketing strategies in a changing competitive
Explain Media Mix for Non Profit Special Activities and Describe the direct and media marketing programs and the specific media that are used
Explain Sequestration And Small Businesses and How would it affect the business in your plan
1.what decision criteria should managers use in selecting projects when there is not enough capital to invest in all
discuss the importance of identifying norms within a team. why clear communication is considered an essential element
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd