Category: Auditing

The Structure of Business and Environmental Audit Legal Status and Source of Financing Legal Statuses of Businesses There exist various types of business structures that have different liability and tax implications for shareholders and owners. Within the UK, one may decide to venture into sole proprietorship, partnership business, limited company, and limited liability partnership. Depending…

External Scrutiny & Audit and the Bill of Rights A financial audit is a comprehensive audit of the economic and financial condition of an organization as well as verification of the reliability of information in its financial statements. External and performance audit are the two types most commonly encountered in the public sector as they…

The Meaning, Objectives and Effectiveness of Audit Reports Meaning of Audit Reports An audit report is an account, statement, or description containing the final results or the conclusions of an audit. This report or account lists down all the information concerning or pertaining to the audit in a formal, final language. To be able to…

Auditing: Sarbanes Oxley Act Table of Contents Introduction The Role of Auditors The Requirements of the Sarbanes Oxley Act Conclusion References Introduction Auditing is an important process that is followed to guarantee that financial statements prepared by any company are accurate, and internal controls have been applied effectively. Therefore, auditors are third parties that need…

ZZZZ Best Co. Case Study: Key Events and Key Auditing Topics Key events surrounding the case Barry Minkow learned the carpet-cleaning business from his mother and proceeded to establish his own company, ZZZZ Best Co., at the tender age of 16. However, the capital was a major issue and he soon started undertaking credit card…

What Should Expect Auditors to Do Within the Examination? Audits serve as the basis for a financial and economic activity analysis which allows identifying the strengths and weaknesses of a business. Furthermore, the work of auditors allows making informed decisions and preventing administrative penalties. An audit can be compared to a medical examination or technical…

Program Audit and Evaluation: A Theory Table of Contents Abstract Research Methods Strengths and Weaknesses The Evolution of Program Evaluation and Audit Implications Conclusions References Abstract The human society has always tried to find ways to control its activities and be sure about the proper ways in which resources are used. The most adequate ways…

Walgreen Companys Strategic Audit Walgreen is a private limited company that operates in the US drug stores industry, which is denoted by the NAICS code 446110. The firm, which was founded in 1901, was incorporated in 1909 in Chicago, Illinois. The firms headquarters are located at Deerfield, Illinois 60015. The firm deals in health and…

The Issue of Limiting Auditors Liability Executive Summary The liability of auditors has been a subject of debate in the recent past. The company law, international auditing Standards and the International Financial Reporting Standards stipulate the need for auditors work in the financial reports of companies. In addition, these bodies plus the statutory legislations of…

Kowloon Dairys Strategic Marketing Planning and Auditing Table of Contents Introduction External Situation Analysis Internal Audit Market Place Analysis Customer Analysis Objectives Conclusion Reference List Introduction Before making a decision about the introduction of a certain new product to the market, it is vital to conduct preliminary analyses to assess the existing situation and likely…