Auditing Essay Examples

auditing prevents the use of scrupulous techniques. Senior management is more likely to encourage the strategy as opposed to junior members or new employees. Some of the participants get involved out of fear for the chain of command. As a matter of fact, companies employ such moves when the environment for their development becomes obstructed with legal issues of challenges with public image. The long-term practice of such a management strategy could affect a whole industry; the economy collapses as a result. Nevertheless, the tactic helps in promoting external investment and expanding the company. Some companies may end up using it at certain points of their life cycle depending on the ingenuity of...

Auditing & Accountability Journal, 19(6), pp.793-819. Guthrie, J. and Farneti, F., 2008. GRI sustainability reporting by Australian public sector organizations. Public Money and management, 28(6), pp.361-366. Junior, R.M., Best, P.J. and Cotter, J., 2014. Sustainability reporting and assurance: A historical analysis of a worldwide phenomenon. Journal of Business Ethics, 120(1), pp.1-11. Manzini, E., 2006. Design, ethics,and sustainability. Guidelines for a Transition Phase. The University of Art and Design Helsinki (June), pp.9-15. Michelon, G., 2011. Sustainability disclosure and reputation: a comparative study. Corporate Reputation Review, 14(2), pp.79-96. Zhao, C., Zhao, Y., Su,...

auditing of its products and services. Deloitte consists of professionals from independent firms throughout the globe who collaborate to offer consulting, financial, audit, advisory, tax and risk management services to its clients. All the member firms that form a part of Deloitte provide services in particular geographic areas and remain subject to the laws, policies, and regulations of the country with regards to how public accounting is conducted. Every member of the firms that work with Deloitte is independent and cannot obligate each other for their acts and omissions. The success of Deloitte is dependent on the form of reward system that it deploys. The performance of the firm is dependent on...

auditing and training systems. Some elements of the system include the company policies and the legal requirements. All employees are required to abide by the details of their training and comply with the policies put in place. For example, staff members should not interfere with the firefighting tools or any item that is installed for safety purposes. An employee is required to report any damaged equipment or hazard in case he or she comes across one. The company views employees safety and health as critical since it has set more policies that guarantee safety and health of all employees despite their rank at the company. Moreover, there are employee benefits that have been established to help any...

auditing/guide-security-metrics-55 June 19,...

auditing is an integral part of any business management. It is in charge of facilitating the communication of financial position of a company. In simple terms, it involves setting up, maintaining and reviewing financial records of a given company to understand its financial position. It is therefore essential that financial auditing provide a fair representation of the financial position of a company when disclosing important financial reporting. Without strict audit regulation, stakeholders of these companies are susceptible to risk fraud. Types of Fraud Risks Fraud Triangle According to Dr. Donald Cressey in his research on criminology in fraudster behaviors, he came up with three main...

auditing, cash sorting, security personnel, services related to market probe, facilities management, transport, training, transaction and monitoring of cards, services of network outsourcing as well as payroll duties. Some of the reasons as to why the standard chartered bank has been employing outsourcing service strategy can be attributed to the need for achieving cost efficiency, increased performance or the productivity rate of the firm, technical considerations as well as the need to concentrate on some of the core activities of the enterprise. Some of the challenges that have been seen to have faced standard chartered bank simply because of implementation of outsourcing strategy also gets...

auditing remain out of reach for the people who are not academically endowed. It is therefore to the students, the school and the parents to inculcate the spirit of hard work and the development of good grades in the terminal examination that would determine the value of life that students would live. Understanding the Value Of Test Metrics The development of good testing facilities for the terminal examinations is thus important for every state to ensure reliability and credibility. Moreover, the educational stakeholders must ensure that the tests that the students would take to determine the future earnings have relevance to the study materials and the modern society. The depth of the tests...

auditing segment, and the securities disclosure team did not operate well to find and curb the inappropriate actions and behaviors (Jennings, 2015). Impact of the Misconduct The firm remains to be afflicted by investor uncertainties originating from leak hunt of revelations about its accounting. The company reported that its U.S. nuclear operation, Westinghouse Electric Co., reserved nearly $1.3 billion impairment fines, yet it revealed the write-down just after it was announced by Japanese news institutions (Jennings, 2015). Again, 50 individual shareholders prosecuted the business and many ex-CEOs in Tokyo, demanding ¥302 million in compensations rooting from the drop in the firm’s share...

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