Evaluate the corporate structure of the organization

Assignment Help Auditing

Reference no: EM132287619

Advanced Auditing Assignment -

Overview: For the final project, you will work through components of a case study in which you assume the role of a lead auditor at Willis & Adams. Your firm has been approached by EarthWear Clothiers to perform an audit. In your role as lead auditor, you will evaluate internal and external factors to determine client engagement, develop an audit plan, determine recommendations for improving internal controls, and communicate the audit opinion. For this milestone, you will write a report on client engagement.

Prompt: Evaluate the corporate structure of EarthWear Clothiers and their annual report and then summarize your findings. Evaluate the following for your auditing firm, Willis & Adams: independence, knowledge of client industry, and staffing capabilities. Then, assuming that your firm has decided to move forward as a result of your evaluation of internal and external factors, you will explain why it would be appropriate for your firm to accept EarthWear Clothiers' audit request, using examples to support your response.

Specifically, the following critical elements must be addressed:

I. Client Engagement: The external auditing team has been approached by a client to do their yearly audit. You are responsible for evaluating the factors associated with the organization and the external auditing team to determine why it would be appropriate to move forward with the client request.

A. Evaluate the corporate structure and annual report of the organization, and summarize your findings.

B. Evaluate the following information related to the external auditing firm, and summarize your findings:

1. Independence

2. Knowledge of client industry

3. Staffing capabilities

C. Assume your firm has decided to move forward. Referring to your evaluation of internal and external factors, explain why it would be appropriate for the external auditing team to accept the client audit request, using examples to support your response.

Attachment:- Assignment File.rar

Reference no: EM132287619

Questions Cloud

Three step process to make their famous nazarite sandwich : Samuel's sub shop uses a 3-step process to make their famous Nazarite sandwich.

What programs would you develop : Consider the most pressing needs of your community. What programs would you develop? Which populations are most in need of these programs?

Defines and describes various financial analysis methods : Defines and describes various financial analysis methods, such as vertical and horizontal analysis.

Create audit plan of the organization financial statements : ACC645 -Advanced Auditing Assignment, SNHU, USA. Using your selected business objective, create an audit plan of the organization's financial statements

Evaluate the corporate structure of the organization : ACC645 -Advanced Auditing Assignment, Southern New Hampshire University, USA. Evaluate the corporate structure and annual report of the organization

Background information about fox factory holdings company : Briefly discuss relevant background information about Fox Factory Holdings company, including its governance processes and mission.

Data security is increasingly important responsibility : Data security is an increasingly important responsibility of hotel General Managers.

Businesses commonly rely upon groups to make decisions : Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making.

Discuss heartsong competitive advantage : Discuss Heartsong's competitive advantage, including the value-chain activities that appear to underlie this advantage,

Reviews

len2287619

4/18/2019 9:32:12 PM

Rubric - Guidelines for Submission: Your report on client engagement must be 2 to 3 pages in length (plus a cover page and references), with double spacing, 12-point Times New Roman font, and one-inch margins. You should use current APA style guidelines for your citations and reference list. Client Engagement: Corporate Structure - Evaluates the corporate structure and annual report of the organization and summarizes findings.

len2287619

4/18/2019 9:32:06 PM

Client Engagement: Auditing Firm - Evaluates the independence, knowledge of client industry, and staffing capabilities of the external auditing firm, and summarizes findings. Client Engagement: Internal and External Factors - Explains why it would be appropriate, based on the evaluation of internal and external factors, for the external auditing team to accept the client audit request, using examples to support this response. Articulation of Response - Submission has no major errors related to citations, grammar, spelling, syntax, or organization.

Write a Review

Required(*) Message

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!

Submit Assignment

User Account

All Pages