User Account

All Pages

Find and identify how would benefit the profession

Assignment Help Accounting Basics
Reference no: EM132688543

The latest advances in technology promise significant benefits for the audit profession, with a number of key drivers signaling the need for technological change in audit. Such drivers include the rapid increase in volume of data, changes in business models, the shift towards automation and the demand for a proactive and forward-looking approach to audit. These developments require auditors to be technologically sound to enable them to continue servicing businesses and to execute high quality audits.

Required

Problem 1: Research on the emerging technologies in auditing profession and identify how it would benefit the profession. Discuss the challenges faced and provide recommendations on how to overcome these challenges. Support your views/arguments with research findings and evidence from real world cases and standards.

 

Reference no: EM132688543

Questions Cloud

Calculate performance materiality for all assets : Calculate performance materiality for ALL assets and liabilities, based on the latest audited financial statements. (Apex Healthcare Berhad [company])
Find and make journal entries for lobstar ltd for the years : They are in different classes of non-current assets, Prepare the journal entries for Lobstar Ltd for the years ending 30 June 2015 and 2016.
Find out the highest point that the mud might climb : Find out the highest point that the mud might climb after flying out from the wheal's surface into the air.
What is the mass of the block : If the spring compresses an amount 0.12 m before bringing the block to rest, what is the mass of the block?
Find and identify how would benefit the profession : Find and identify how it would benefit the profession. Discuss the challenges faced and provide recommendations on how to overcome these challenges
What is the kinetic energy of the arrow : If the bow is pulled back a distance 0.12 m before releasing the arrow, what is the kinetic energy of the arrow when it leaves the bow?
Inferences about population growth rate : Choose a topic in the field of epidemiology to explain to the class. Include the factors that affect the issue you presented
Magnitude of the voltage across the capacitor : Consider an instant when the current is momentarily zero. Describe the magnitude of the voltage across the capacitor at this instant?
Healthcare facilities have process called incident reporting : Healthcare facilities have a process called Incident Reporting. What would you say to the employee and what would you say to Human Resources?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Herbal care corp a distributor of herb-based sunscreens is

herbal care corp. a distributor of herb-based sunscreens is ready to begin its third quarter in which peak sales occur.

  What income tax liability would Julio incur

What income tax liability would Julio incur on the $150,000 payment in each of the following situations? Assume that Julio has no capital losses

  On january 2 20x1 bruce greene invested 10000 in the stock

on january 2 20x1 bruce greene invested 10000 in the stock market and purchased 500 shares of heartland development

  Solving rate of return with excel

You have two investment opportunities. One will have a 10% rate of return on an investment of $500; the other will have an 11% rate of return on a principal of $700.

  What recommendation should be made to the controller

what recommendation should be made to the controller, Prepare a monthly cash budget and supporting schedules for August

  Prepare the entries for yorkshire company for the purchase

Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company.

  Wendells donut shoppe is investigating the purchase of a

wendells donut shoppe is investigating the purchase of a new 18600 donut-making machine. the new machine would permit

  Martha has a net capital loss of 20000 and other ordinary

martha has a net capital loss of 20000 and other ordinary taxable income of 45000 for the current tax year. what is

  Prepare the government-wide statement of activities

REQUIRED: Prepare, in appropriate format, the government-wide statement of activities for Cowboy Town for the year 2015

  What is Pekoe recognized gain or loss

Pekoe sold Earl (an unrelated party) stock for $6,500 that he bought 3 years ago for $9,500. What is Pekoe's recognized gain or loss

  Prepare the General Journal entries for January

A Company purchased on account 3000 pounds of raw materials at $10 per pound on January 2 2017. Prepare General Journal entries for January

  Compute a cost-to-retail percentage under conditions

Compute a cost-to-retail percentage under the following conditions

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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