Free essays on audit are pieces of writing that discuss various aspects and concepts related to auditing. These essays may cover topics such as the importance of audits, types of audits, audit procedures, audit reports, and audit standards. They may also provide insights into the role of auditors in organizations, potential risks and challenges in auditing, and the impact of technology on the audit process. These essays are available for download online and can be used as references or guides for students, researchers, and professionals who want to learn more about auditing.
Financial Auditing in Firms in United States
We precociously consume the risk we reduce. Just as advanced automotive safety technology makes for worse drivers*, the prevalence of government mandated auditors in the financial system has allowed us as investors to engage in riskier behavior than we would dare do otherwise. After all, apart from the few of us who are formally schooled in finance, who really glances at a 10-K Earnings Statement? Who reads the Fund Flyers? Who really has any idea where the money in the…...
Audit
An Introduction to the Relationship Between Governance and Internal Auditing
This study examines the correlation between corporate governance and internal auditing. The study also examines the value of internal auditing to an organization and if it should be done away with. It is a hypothesis in the study that internal auditing is an independent profession different from external audit. Evidence shows that internal auditing has in the recent past assumed the status of a full-fledged profession that is very distinct from external auditing. Next, we find that auditors charge high…...
Audit
An Overview of Generally Accepted Auditing Standards
April 10, 1996 Generally Accepted Auditing Standards are those guidelines which auditors must adhere to while conducting an audit of a company's or government entity's financial statements. It must also be stated in the audit report that the audit was conducted following Generally Accepted Auditing Standards. This has been required since 1941 after the investigation of a large drug company, McKesson & Robbins, Inc., which had had funds embezzled by its president and his three brothers. Neither the internal controls…...
Audit
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The Importance and Need for Auditing in a Business
An audit is the gathering and evaluation of evidence in regards to information used to determine and report on the degree of correspondence between information and any criteria that has been established. Criteria for evaluating information is also dependent on what kind of information is being evaluated; when a CPA firm audits a company, GAAP or IFRS may be used, but when being audited by the IRS the criteria would be the Internal Revenue Code (Arens, Elder, & Beasley, 2014…...
Audit
The Impact of Blockchain Technology on the Audit Industry
Abstract This paper explores the impact that blockchain technology has on the auditing industry by analyzing how current audit procedures measure up to the abilities of blockchain. As a result of this technology, this paper further examines the necessary technological advancements and the roles that accountants will play in the future. Top players in the industry such as the Big Four accounting firms and the AICPA were evaluated as to their participation and forecasts in regards to blockchain. Research has…...
Audit
Can Double Entry Principle be Replaced by Blockchain?
A limited amount of academic research that has been conducted on the subject matter rarely mentioned the views to replace the double-entry principle with blockchain. It is pertinent to say that whatever emerges from the blockchain revolution, it is obvious that it played a significant role in the accounting and auditing profession, and could progress faster than expected. Moving accounting from a centuries-old double-entry system to an automated triple-entry system could mean a massive shift for all parties concerned with…...
Audit
Audit History and Modern Standards
Part 1 Internal auditing has been around since pretty much the beginning of time. According to Noorah Al ShamsiShamsi's article titled “A Brief History about Internal Audit Practice”, different reigns of time such as the Zhao dynasty of China and the reign of calif Omer bin Al Khattab established internal and external auditing for use of the cities that were under their command. (Al Shamsi, 2018) Our textbook mention that the beginning of modern internal auditing was implemented by the…...
Audit
Authentication, Authorization, and Auditing
In the information systems authentication, authorization and auditing reflect the main pillars of the information security of the organization. As each of these parameters is very important, it will be described individually as follows, Authentication Authentication is a gateway to recognizing a user’s identity. It is a process associated with an upcoming request having a set of identifying credentials (Killian, 2017). When someone logs into the system, the credentials are compared to those existing in the system and authorized the…...
Audit
Role of Ethics Audit in a Company
This sample essay on Ethics Audit provides important aspects of the issue and arguments for and against as well as the needed facts. Read on this essay's introduction, body paragraphs, and conclusion. Ethics Auditing: Identify the benefits and limits of ethics auditing. Is there a strategic role that ethics auditing may play in a company? Ethics Auditing By definition, an ethics audit is a “systematic evaluation of an organization’s ethics program and/or performance to determine its effectiveness. ” (1) This…...
AuditEthicsManagementPhilosophyPolicy
Ethical Dilemma Case Analysis
People find it easier to cheat what is received as a large, faceless entity like a corporation or the government than to cheat a friend or acquaintance, experts say. Games, 2002) Ethics is so important within our society that most ethical values have been integrated into the laws of our land. Society has to have ethical behavior in order to keep the supportive order that has been set. An ethical dilemma is a situation in which a decision must be…...
AuditEthical DilemmaEthicsPersonalityReasonResearch
Sarbanes-Oxley Act
The following sample essay on "Sarbanes-Oxley Act": brief information about the law. Sarbanes-Oxley Act, signed into law by President George Bush on June 30, 2002, was crafted in order to improve securities legislature and to strengthen the requirements of audit checks. The act appeared in response to a string of corporate scandals and was meant as a reaction to these scandals. The article “Private Companies Feel Effects of Sarbanes-Oxley” by Thomas Hoffman concentrates on the effect the implementation of the…...
AuditCommunicationLawPolicy
Hindustan Shipyard Apprenticeship
Board of Directors Chairman's Address Notice Directors’ Report Comment of the Controller and Auditor General of India Auditors' Report Balance Sheet Profit & Loss Account Schedules to the Accounts Notes Forming Part of Accounts Balance Sheet Abstact & Company's General Business Profile Cash Flow Statement Social Overheads Last ten years at a Glance Ships Built 1 3 6 10 21 28 33 34 35 45 59 60 61 63 65 Front Page Back Page : "M. V. Good Pride" 53,000…...
AuditCorporate Social ResponsibilityEmploymentHospitalNavy
Broadway Cafe Cohesion Case System
Ryals Public Sector Interview Strayer University September 12, 2010 Public Sector Interview Name: Stephen Brannon Position: Supervisor Organization: Michigan Department of Correction Role: To supervise employees to ensure they are providing the public with safety. I selected Stephen Brannon to interview for my Public Sector assignment. Mr. Brannon is a supervisor at Michigan Department of Correction-Outer District. This government organization is responsible for providing public safety to the citizens by supervising convicted felons that have been placed on parole/probation for…...
AuditEmploymentJusticeLawSexual Harassment
Case Study analysis of Satyam scandal
This paper is a case study analysis about Satyam Computer services. This case study analysis will identify key facts about the case in question and outline the problems within the case study, it will than conclude with solutions or recommendations to the problems stated backed up by Management theory. Satyam is a Nasdaq listed company and a major player in the global IT service industry. The chairman of Satyam is Ramalinga Raju. The Satyam case that broke out in early 2009…...
AuditCase StudyCorporate Social ResponsibilityCorruptionEducationEthics
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