Differences between internal and external auditors

Assignment Help Accounting Basics
Reference no: EM13152874

What are some differences between internal and external auditors? And in your organization who audits your financial's statements? Or a company you are familiar with? Are you involved in either type of audit process? - Answer in 100 -250 words.

Reference no: EM13152874

Questions Cloud

Significant provisions of the sarbanes-oxley act : What are some significant provisions of the Sarbanes-Oxley Act of 2002? Do any of you have to comply with these standards? - Answer 100-250 words.
What is the new pressure of the gas : A 643 mL gas sample at STP is compressed to a volume of 187 mL, and the temperature is increased to 33?C. What is the new pressure of the gas in Pa? Answer in units of Pa.
Principles of scientific management : How might principles of scientific management be useful to spring industries?how might principles of scientific management be useful to spring industries?
Give confidence interval for mean arsma score of mexicans : (a) Give a 95% confidence interval for the mean ARSMA score of Mexicans. (b) What assumptions does your condence interval require?
Differences between internal and external auditors : What are some differences between internal and external auditors? And in your organization who audits your financial's statements? Or a company you are familiar with? Are you involved in either type of audit process?
Explain what is the structure of biacetyl : a) What is the structure of biacetyl? b) Indicate the hybridization of each carbon atom. c) How many pi bonds are present? d) Do the four carbon atoms lie in a plane or do they lie in a straight line?
Unrealized profit in salt inventory : Determine the unrealized profit in Salt's inventory at December 31, 2004. Compute Petrel's income from Salt for 2005.
Capital budgeting technique-cash flow method : Which of the following is a capital budgeting technique that is NOT considered as discounted cash flow method?  Select correct option:
What mass of h2o is required : what mass of H2O is required to form 1.6 l of O2 at a temperature of 273 k and pressure of .936 atm

Reviews

Write a Review

Accounting Basics Questions & Answers

  Proportionate nonliquidating distribution from partnership

At the beginning of the year, Elsie's basis in the E&G Partnership interest is $60,000. She receives a proportionate nonliquidating distribution from the partnership consisting of $10,000 of cash, unrealized accounts receivable

  Cost of land under cost principle

A company purchased land for $80,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost principle, the cost of land wo..

  Opportunity credit available

Devona's qualifying tuition expenses and fees total $4,000 for the fall semester, while Arethia's qualifying tuition expenses and fees total $6,200 for each semester during 2010. Full payment is made for the tuition and related expenses for both c..

  Comparative advantages and disadvantages of ideal

Explain the following in a memo to your instructor. The comparative advantages and disadvantages of ideal versus normal standards.

  Investment as trading securities

Goofy reclassified this investment as trading securities in December of 2011 when the market value had risen to $125,000. What effect on 2011 income should be reported by Goofy for the Crazy Co. shares?

  Prepare on pioneer company books journal

During 2014, Shipley distributed a dividend in the amount of $120,000 and at year-end reported a $320,000 net income. Any difference between implied and book value relates to subsidiary goodwill. Pioneer Company uses the equity method to record it..

  Compute whip subchapter s income or loss

Whip, Inc., is a calendar year S Corporation. Whip's book income this year totals $90,000. Whip is owned equally by three shareholders. From supplemental data, you obtain the following information about items that are included in book income.

  Primary consideration when assessing inherent risk

Which of the following is not a primary consideration when assessing inherent risk?

  Risk free real rate of return

You read in the wall street journal that 30 day US treasury bills are currently yielding 8%. your brother in law, a broker, a broker at Kyoto Securities, has given you the following estimates of current interest rate premiums:

  Accounts debited and credited for business events

The Hershey Foods Company manufactures chocolate confectionery products. The three largest raw materials are cocoa beans, sugar, and dehydrated milk. Show the accounts debited and credited for each of the following business events:

  Estimation of the company net operating income

Scobie Corporation's fixed monthly expenses are $16,000 and its contribution margin ratio is 57%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $69..

  Primary purpose of the statement of cash flows

The primary purpose of the statement of cash flows is to provide information about a companys: a. cash receipts and cash payments. Corporations should record dividends as a direct charge to retained earnings

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