Describe how these standards apply to financial audits

Assignment Help Business Management
Reference no: EM131017534

Write a 700- to 1,050-word paper in which you explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the following:

Describe the elements of the Generally Accepted Auditing Standards (GAAS).

Describe how these standards apply to financial, operational, and compliance audits.

Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.

Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB.

Reference no: EM131017534

Questions Cloud

Describe possible causes for freight movement congestion : Give an example of how regulations impact (positive and negative) the congestion of global movement of freight. Describe 4 environmental issues that impacts strategic intermodal transportation today, from the military and the commercial freight tra..
Discuss application of mpc framework to a college setting : Provide examples of made-to-stock, assemble-to-order, and make-to-order products available in your area. What advantages do you see in moving from make-to-stock to assemble or make-to-order? Supply Chain & Optimization (S&OP) & Master Production S..
Exploring likenesses and differences between texts : Previewing: Learning about a text before really reading it. Comparing and contrasting related readings: Exploring likenesses and differences between texts to understand them better
How have the authors formulated the problem : Do the authors refer to the work of others that they do not agree with? What are the key concepts or the main factors or variables discussed?
Describe how these standards apply to financial audits : Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB.
Briefly explain the function of a heat pump : Define the following four terms, with reference to your description of the power/wind-speed curve: cut-in wind speed, rated wind speed, shut-down wind speed, and rated power. Briefly explain the function of a heat pump.
What would be purpose of connecting a parallel-tuned circuit : Which of the following is a disadvantage of using a resistor in place of an inductor in a power-supply filter - What would be the purpose of connecting a parallel-tuned circuit into an antenna circuit?
Has quantitative easing proven to be an appropriate : Has Quantitative Easing (QE) proven to be an appropriate and effective response to the Great Recession in the United Kingdom and the United States? Compare and contrast QE in both countries from 2008 until the present time?
Why is the capital-budgeting process so important : What is the payback period on each project? If Caledonia imposes a 3-year maximum acceptable payback period, which of these projects should be accepted?

Reviews

Write a Review

Business Management Questions & Answers

  Do you think it is ethically appropriately for wanda david t

1. Do you think it is ethically appropriately for Wanda David to provide tax services to Wiz, an audit client and customer of her employer, Gee, LLC, at the same time she works for the audit firm and is part of the audit engagement team on the Wiz au..

  Define the cultural issue within the global organization

Define the cultural issue within the global organization. Compare these ethical perspectives across cultures involved in the global organization.

  Which option should the firm pursue

Suppose you are a firm facing a market which has changed in its composition since the last time you set prices. There are two market segments: X and Y, with reservations prices $20 and $10, respectively, for a unit of your product. The purchase frequ..

  Explain how could future leaders be identified in semco

Explain how could future leaders be identified in semco and Would leadership training be significant to this organization

  How to choose the right tools to empower

how to choose the right tools to empower employees.considering that there is no shortage of empowerment techniques in

  Retailing strategy for lord & taylor

On June 23, 2006, Federated Department Stores Inc. announced a deal to sell its Lord & Taylor department chain of stores to the property investment group NRDC Equity Partners LLC.  Prepare an executive summary for the board of directors of NRDC with..

  Hrm and the global environment

HRM and the Global Environment

  Decide scenario and create a response to the situation

Read the You Decide scenario and create a response to the situation. Make sure to identify the critical issues in the scenario and determine how you would resolve it. Your report should be at least 450 words, checked for spelling and grammar, and fea..

  Illustrate what data are you going to gather from target

It will identify problems with Medicaid and Medicare claims which affect physician and hospital claims fraud which may arise because of deliberate planning or casual opportunity. Illustrate what data are you going to gather from your target audienc..

  Advantages and disadvantages of data gathering methods

What are the advantages and disadvantages of the two principal methods of gathering data - the questionnaire method and the interview approach?

  Illustrate what is the source

illustrate what is the source? Illustrate what about Under Blockbuster's evolution and current business strategy may pose problems going forward?

  Leadership have in transformation process

What is enterprise transformation? What role does leadership have in the transformation process?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd