The need for an external audit in the case of companies arises primarily from the existence of split-up of ownership from control. When control is shared an audit report will be needed in order to ensure that all the partners or be it shareholders are on the same page as the managers (the ones who will be controlling the company) and know what has been happening in the company‚ what is happening at present and what can be expected to happen in the future in order to increase returns in the company
Premium Audit Auditing Auditor's report
for external auditors to be independent? Relate your answer to the primary role of external auditors? By Zachariah Godfrey-Plews This essay has asked me to look at the importance of external auditors and why it is vital for them to remain independent. I will try and look at the many ways of the advantages of independent auditing from different perspectives for example the company itself‚ the general public and the state. I think it is important to first define what an audit and an external auditor
Premium Audit Auditing External auditor
Why is it important for external auditor to be independent? Throughout the years‚ banks‚ shareholders‚ possible investors and creditors always relied on the financial statements produced by a company. Since the management of a company is producing these documents it has been assumed that the managers may act dishonestly so that their performance looks better. To monitor the company’s performance better the directors along with the shareholders employ external auditors to check all these financial
Premium Audit Auditing External auditor
Executive Summary Blackberry designs‚ manufactures and markets wireless solutions for the worldwide mobile communications market. The company supports multiple wireless network standards by developing integrated hardware‚ software and services. RIM provides platforms and solutions for seamless accessing information‚ including e-mail‚ voice‚ instant messaging‚ short message service (SMS)‚ internet and intranet-based applications and browsing. Founded in 1984 by Mr. Michael Lazaridis and Mr. Douglas
Premium Free cash flow Marketing Personal digital assistant
The Difference Between External Auditing and Internal Auditing Jessica LeGrand Auditing – ACCT 420 Mrs. Hayes October 30th‚ 2012 Auditing was primarily as a method to maintain governmental accountancy and for record-keeping. It wasn’t until the 1800s during the Industrial Revolution that auditing expanded into a fraud detection and financial accountability field. Now audits are performed to manage and confirm the correctness of a company ’s accounting procedures. Auditing evolved into
Premium Auditing Audit Financial audit
responses were analyzed using the percentage method. The hypothesis was tested using the chi-square method. The study revealed that there is need for the audit of public enterprises in Nigeria; there is objectivity in the appointment of the external auditor for the audit of public enterprises in Nigeria; and that the independence of the auditor has a significant impact on the accountability disposition of Nigerian public enterprises. It was also found that provision of other services by the
Premium Audit Auditing External auditor
Group Analysis 3: Competitive Effects of Strategic Change Impacts on Appropriability and Sustainability of BlackBerry’s Position The precise nature of the Lenovo-BlackBerry M&A (see appendix for description) will determine whether this integration will lead to great benefits that outweigh the additional costs and risks. BlackBerry could immediately benefit from the transfer of complete ownership‚ as opposed to a mere contract or joint venture‚ signals confidence to BBRY stock investors (whose
Premium Smartphone Mobile phone
Abstract This report focuses on ways to improve communication between auditors and external users via audit report. Problems with current audit report are identified and two alternatives are proposed‚ which are: • Short-form audit report • Free-form audit report The report also evaluates these two alternatives respectively and concludes that before any change in relevant legislation and social environment‚ it is feasible for professions to make the report more concise and readable while the introducing
Premium Financial statements Auditing Audit
are we now” part of the strategic marketing plan. I will be using a marketing audit to analyse the current position of the of Black Berry also known as Research in Motion (RIM) within the telecom industry. In order to do that both an internal & external audit will need to be carried out. The internal audit requires looking at past objectives setup by the organisation‚ past segmentation targeting and positioning strategies. According to the IIA research foundation (2004) “internal auditing is an
Premium Marketing plan Marketing
Acknowledgement 3 Executive Summary 4 Project Outline 5 Industry Life Cycle 7 Key Success Factor (KSF) 8 Industry Analysis (Porter’s Five Forces) 10 SWOT Analysis Internal Factor Analysis Summary (IFAS) 13 External Factor Analysis Summary (EFAS) 15 Strategic Factor Analysis Summary (SFAS) 17 TOWS Matrix 19 Assessment of Current Company’s Performance 22 Review of Option for Future Direction 24 Recommendation for Implementation of strategies
Premium Smartphone Research In Motion Strategic management