How can the auditor begin to survey the business

Assignment Help Business Management
Reference no: EM131884149

Question: Successful operational auditing begins with the auditor understanding the business: What are the core products, business units, and employee and customer bases? How can the auditor begin to survey the business to begin to put an audit plan together? What resources are available or should be accessed by the auditor?

Imagine taking a trip across country without a map? The same is true for auditing; we need to have a plan before we start. What should auditors being looking at and how do they come to the determination to review a particular area or areas?

Reference no: EM131884149

Questions Cloud

Bank account that offers the best effective rate of return : how much money would be in the bank account that offers the best effective rate of return after 25 years?
What you have learned for your effectiveness at work : In the paper, describe a few examples of your learning, discuss how you are helped by this learning and consider the future implications.
Create a quotation sandwich out of one of pieces of evidence : Create a quotation sandwich out of one of the pieces of evidence. Summarize another piece of evidence. Again, include the original and your summary.
What types of challenges could exist in monitoring controls : Today, many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack are effective control practices and monitoring.
How can the auditor begin to survey the business : Successful operational auditing begins with the auditor understanding the business: What are the core products, business units, and employee and customer bases?
Lower firm break-even point-the better for the firm : The lower a firm’s break-even point, the better for the firm.
What about public company audits : What about public company audits and audit planning? Please elaborate on other sources for audit standards other than the AICPA?
Explain the difference between platos theory and aristotles : Introduce the topic and set forth your key values or criteria for a good society. Explain the difference between Plato's theory and Aristotle's.
Research articles on the hypothesis test and its application : Construct a 95 percent confidence interval for the difference between the proportions of service contracts sold on treadmills versus exercise bikes.

Reviews

Write a Review

Business Management Questions & Answers

  How does your organization respond to employee virtue

Compare and contrast two of these approaches and summarize the strengths and/or weaknesses of each of the perspectives on ethics. Support your response with research. How does your organization respond to employee virtue?

  Business management solution

Describe what skills and knowledge are the focuses of the event and why these are important for managers - Business Management solution

  How ibm should develop portfolio of relationship strategies

Describe how IBM should develop a portfolio of relationship strategies to meet the needs of its diverse B2B customer groups. How might this be different than a company that services a B2C group

  What is the scientific mechanism

Satiety time and mechansim-What is the scientific mechanism that lets tells your brain that you are "full" (satiety) after you've eaten?

  What would you estimate is the stocks current price

The company's stock has a beta equal to 1.2, the risk-free rate is 7.5 percent, and the market risk premium is 4 percent. What would you estimate is the stock's current price?

  Traits of effective organizations and culturewhat are the

traits of effective organizations and culturewhat are the traits of an effective organization?how does an organizations

  How leaders can transition from one field to another

How Leaders Can Transition from One Field to Another - Do you think it was a smart business move? Will it be profitable?

  Categorize the nanos marketing segments that have the great

The Tata Nano: The People's Car (A) and Maslow's Hierarchy of Needs"  Please respond to the following: From the case study, categorize the Nano's marketing segments that have the greatest influence on its sales. Assume you are the marketing manager a..

  Important for management

Why is it important for management to pay attention to workplace attitudes?

  How can jenny apply the four-step control process for

how can jenny apply the four-step control process for problem of swapping out hours?jenny noticed what appeared to be a

  Ipv 6 cisco configuration

Acme Computing Corp. has remote sites in Port Clinton and Napoleon in addition to their main site in Toledo.

  Risk response strategy paper

Write a 1-2 page paper, based on researching resource articles, on the analysis and evaluation of the risk response strategies listed below.

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