Category: Auditing

The following table shows the result of references for the Internal Audit concept from the EBSCO Business Database by decade. The period ranges from 1901 to 2010. The main objective of this exercise was to analyze by decade the number of times, the term or concept Internal Audit is referred to using the abstract search…

Table of Contents What Is an HR Audit? How Will an Organization Benefit from the HR Audit? The Code of Work for HR Audit Key Deliverables for HR Audit Works Cited What Is an HR Audit? Managing human resources (HR) is an essential part of any companys operations. Unless appropriate tools for communicating with staff…

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 to be impartial to…

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 diagnostics of a car. According to Mactavish et al.…

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 different countries indicate the level at…

Country History The name Germany was first used by Julius Ceaser to refer to the area east of the Rhine as a way of differentiating it from regions like Gaul which he had already conquered. The industrial revolution modernized the countrys economy and led to the emergence of a socialist economy and the growth of…

Ethics Audit: Key Stages of the Process Institutionalizing ethical standards in an organization setting is an essential step toward creating the environment in which a company can not only operate but also thrive. Ethical principles are required to build a competent communication strategy, make decisions at the corporate level, and foster responsibility and loyalty in…

Table of Contents Characteristics of effective metrics Benefits of using metrics in Process Safety Management Components of the auditing process Difference between audits and metrics References Characteristics of effective metrics Effective metrics have four key characteristics. They are (De Waal, 2013): Easily measurable and calibrated. A good metric should be easy to measure and give…

A preliminary assessment as a part of the planning phase of Almond Limiteds audit has been completed. In the given memo, key account balances that are suspected of an increase in audit risk are identified, as well as factors that increase audit risk associated with these account balances. The key assertions at risk of material…

Table of Contents Introduction Financial Frauds and Auditing Roles of Auditors Principles of Auditing Factors Influencing the Development of Auditing Policies Professional Skills and Competencies Required of an Accountant Independent Approaches by Auditors Conclusion References Introduction Auditor is an independent examiner of financial expressions in an enterprise. Auditing, therefore, involves careful examination of a firms…