Explain the purposes and reasons for public accounting firms

Assignment Help Auditing

Reference no: EM13184562

The CEO of your company recently met with the external auditors to discuss the scope of the year's audit. The auditors suggested that they conduct an integrated audit. The CEO has asked you, the accountant, to make a presentation at the next board of directors meeting that includes the following:

A. Give a definition of auditing.

B. Explain the purposes and reasons for public accounting firms to perform an integrated audit. Address the Sarbanes-Oxley Act (SOX).

C. Explain corporate governance and its relation to integrated audits.

D. Cite an example of a recent failure in corporate governance.

E. Find an article in which the actions that the public perceived as necessary to improve the quality of corporate governance are discussed; list the actions requested according to the article.

• Understand Auditing and describe its unique nature as an assurance service in the field of accounting.
• Understand Corporate Governance, examine and describe recent failures in corporate governance, and identify actions that the public perceived necessary to improve the quality of corporate governance.

Reference no: EM13184562

Questions Cloud

For whom shall the goods be produced : The invisible hand principle, as developed by Adam Smith in The Wealth of Nations, states that A) government control over economic activity is essential for the talents of individuals to be directed toward their highest valued use. B) the economic ..

Ammonia is reacted with oxygen in the presence of a catalyst : Ammonia is reacted with oxygen in the presence of a catalyst in the first step of the industrial process to make nitric acid. The reaction is shown below:

Explain less activating in electrophilic substitution : here why is the -NHCOCH3 group less activating in electrophilic substitution compared to the -NH2 group

Marine life along coastline-coastline of neighboring staes : State A dumps its raw, unprocessed sewage into the sea and the result is that much of the marine life along its coastline and the coastline of neighboring states, State B and State C.

Explain the purposes and reasons for public accounting firms : Explain the purposes and reasons for public accounting firms to perform an integrated audit. Address the Sarbanes-Oxley Act (SOX) and explain corporate governance and its relation to integrated audits.

State how many resonance peaks observed in the hydrogen : How many resonance peaks should be observed in the hydrogen - decoupled C 13 - NMR spectrum of each of the following compounds?

Explain a bottle of tris base : How would you prepare 350mL of a single solution containing 150mM Tris, 5mM glucose, and 5 mM Nacl?

State what is the range width of the actual number : without special correlation. What is the range width of the actual number of people present at the Station at any given moment? (For concreteness, assume the fluctuations do not exceed one sigma)

Compute the amount of cobalt nitrate hexahydrate : calculate the amount of cobalt(II) nitrate hexahydrate [Co(NO3)2 * 6H2O] needed to prepare 50 mL of a 0.15 M cobat(II) nitrate stock

User Account

All Pages