Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assignment
Every audit firm has its approach for understanding a client's internal control structure. Some firms use a standardized internal control questionnaire to evaluate controls that are in place whereas other firms do not rely on internal controls at all and plan their audits as if there are no controls in place or consider controls as not effective.
Evaluate each of these approaches to assess a client's internal controls from an external auditor's perception. Include in your evaluation:
1. What effect, if any, does the size of the organization have on the decision?2. What are the auditing standard requirements for obtaining an understanding of internal controls?3. What are the differences, if any, in understanding internal controls for a public company versus a non-public company?
Prepare a report evaluating each approach. Also include your opinion on which approach is better and why.
Your report should meet the following criteria:
• Be 3-4 pages in length, not including the title and references pages.• Demonstrate your comprehension of the course material.• Use professional business language.• Be formatted according to APA Requirements.• Include 2-3 scholarly sources.
HI6026 Audit - Explain how the risk factors identified in (a) above would affect the conduct of the audit - Explain why it is a risk.
Based on the audit documentation guidelines from the PCAOB, discuss whether or not you believe these guidelines are adequate to protect a certified public accountant from a lawsuit that may be filed by shareholders of a company.
afr companys internal audit function recently completed an audit of the companys various employee benefit plans.nbsp
HI6026 Audit, Assurance and Compliance - Would King & Queen be liable to EFL? Provide specific case references to support your answer and define actual and perceived independence, and explain the importance of each.
Identify the primary specific objectives that must be incorporated into the design of audit tests under the Single Audit Act.
Examine both sets of annual reports for information about the governance structure of these companies and identify whether these companies have an audit committee and/or a risk committee
Examine the importance of the audit committee oversight related to the quality of the internal controls of an organization.
Determine the key internal controls needed over the communication of confidential information to outside parties, and analyze the manner in which these controls act as a deterrent to fraudulent activities.
Discuss the economy, financial markets and the means they currently use to attract direct foreign investment. Conduct an analysis of what they are doing right/wrong in their financial markets and whether you recommend investment there should conclu..
What accounting standards are used - What auditing standards are used by the external auditors?
Explore what the staff should expect the auditors to do. Be sure to include the requirements of the Sarbanes Oxley Act in your explanation.
What could Nike's Corporate Responsibility team do to improve Nike's public image. Why did Nike's attempt to address it critics prove unsuccessful?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd