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Essays on Auditing

We found 34 free papers on Auditing

Essay Examples

Auditor’s Legal Liability to Third Parties


Words: 589 (3 pages)

Foreseen third parties (or Restatement Standard) . This approach is followed by the majority of states b. Expands the scope of who can potentially sue auditors to include third parties whose reliance on the financial statements can be reasonably foreseen c. Reasons given for allowing third parties without priority to sue: i. Increased liability of…

Audit and Flash Case Study


Words: 4562 (19 pages)

To provide students with an opportunity to learn (by doing) how auditors identify various client and audit risks. The case also provides students with insight into how a risk analysis ties into the strategic audit planning process. To provide students with hands-on experience responding to client concerns and issues. Often auditing students do not realize…

Auditing group assignment Final


Words: 1217 (5 pages)

Its experience in Beer manufacturing company audits is quite limited, but has some experience with drinks manufacturers which can be relevant. Apart from evaluating experience, there is a need to check all the factors, which are in essence the objectives of Auditing. The core objective of an Audit is to provide an independent opinion the…

Audit Planning Procedures


Words: 5197 (21 pages)

?AUDIT PLANNING Audit planning procedures are the first and perhaps the most important step in carrying out a successful audit. Without adequate planning, the likelihood of missing a significant risk area or encountering engagement-related problems increases considerably. As baseball great and noted philosopher, Yogi Berra puts it, “If you don’t plan on where you are…

The Importance of External Auditor’s Independence


Words: 1527 (7 pages)

According to Gillespie, Lewis and Hamilton (2004:221) an audit is: “a scrutiny of the accounts by a qualified auditor who carries out checks on the figures so as to establish whether the accounts show a true and fair view of the results and the financial position of the entity. ” According to Wikipedia (2011a), auditor…

Volcom is a cult American manufacturer Strategic Audit


Words: 7952 (32 pages)

Volcom is a manufacturer of Boardsport related clothing and accessories. Based in Velcro Valley – south of Los Angeles – the company’s core values speak volumes about their marketing and sales goals and objectives. The Volcom philosophy, stated as, “youth against establishment”, implies that their aim is, at the very least, different from normal capitalist…

Effectiveness of Audit New Standard


Words: 662 (3 pages)

Introduction Fraud is an intentional mis-representation of the accounting information by one or more parties in a bid to defraud the company. If immaterial it should be mentioned in the report to shareholders, if material, the auditor should qualify his report. However it should be noted that it is not the duty of the auditor…

The Sarbanes-Oxley Act and Its Implications on Auditing


Words: 377 (2 pages)

            Due to the passage of the Sarbanes-Oxley Act of 2002, there were certain limitations that emerge in conducting the auditing process of an auditor to its clients. Like, the auditor can no longer provide their clients with legal and expert services unrelated to the auditing of the auditor as well as the management functions…

Non-auditory Effects of Noise


Noise pollution

Words: 1728 (7 pages)

The noise simply refers to the undesirable exposure to uncoordinated, unrefined sound of frequency higher than what the human ear is capable of adapting, to make out sensible interpretation through the relay to the brain through the auditory pathway. The effects of noise can be described as chronic or acute. The chronic effects develop over…

The Auditor’s Responsibilities


Words: 2520 (11 pages)

Describe the auditor’s responsibility for considering a client’s internal controls Describe the auditor’s responsibility to detect material misstatements due to fraud Identify red flags present during the audits of CUC International, Inc.’s financial statements, which suggest weaknesses in the company’s control environment (CUC was the predecessor company to Cendant Corporation) Identify red flags present during…

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Frequently Asked Questions about Auditing

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What is auditing in accounting essay?
Auditing is the method of finding and checking the evidence, comparing them to an established criteria, preparing the report of the audit conducted. Read More:
What is importance of auditing?
Why are Audit's important? An audit is important as it provides credibility to a set of financial statements and gives the shareholders confidence that the accounts are true and fair. It can also help to improve a company's internal controls and systems. Read More:
Why is auditing important in our society?
Auditing provides assurance to investors and creditors that company funds are handled appropriately. Auditors protect the public from investing in companies that use corrupt business practices or that attempt to defraud investors with false financial statements. Read More:

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