TABLE OF CONTENTS Page Acknowledgements iii List of Tables viii List of Figures x Summary xi Chapter I Auditor Industry Specialization and Real Activities Manipulation 1 1.1 Introduction 1 1.2 Literature Review and Hypotheses Development 3 1.2.1 Motives to Hire Industry Specialist Auditors 3 1.2.2 The Impact of Auditor Industry Specialization on Earnings Quality 5 1.2.3
Premium Audit External auditor
independent auditors. There are six audit principles that are prerequisites that should be adhered with to achieve consistent audit results. The six principles are integrity‚ fair presentation‚ due professional care‚ confidentiality‚ independence and evidence based approach. Integrity The auditor should perform the work with honesty‚ diligence and responsibility. By using this method to perform the audit‚ the auditee will be confident the result of the audit is fair and accurate. The auditor must
Premium Auditing Audit External auditor
and what is the authority for the same? Ministry of Corporate Affairs has mandated filing of the Cost Audit Report and Compliance Report from the financial year 2011-12 onwards (including overdue reports relating to any previous year) by all cost auditors and companies concerned by using the XBRL taxonomy. MCA vide Circular No. 18/2012 dated July 26‚ 2012‚ has extended the last date of filing of cost audit reports and compliance reports with the Central Government in XBRL format up to December 31
Premium Auditor's report Audit External auditor
and proficiency as an auditor. Therefore‚ in this case Marshall had the legal responsibility to provide essential trainings‚ including technical and ethical issues‚ to Rojas‚ regardless whether Rojas would violate the law to conduct criminal activities in the future. Since no information in the passage referred to this point‚ it is difficult to tell whether Marshall was negligent in training Rojas and other employees. Second‚ GAAS requires due professional care of auditors when delivering professional
Premium Audit Professional Financial audit
Professional Code of Conduct Rule 301 the auditor is not to disclose any confidential client information without the specific consent of the client (Arens‚ Elder‚ & Beasley‚ p. 97). Peter has been disclosing to a friend some of the details of the audit‚ not knowing that there is a relationship between the friend and Smackeys loan officer. This could potentially affect whether or not Smackey will be granted the loan they are seeking‚ and it’s important the auditor always keep information confidential.
Premium Financial audit Audit Auditing
Grant Thornton and Deloitte were inadequate. Many of Parmalat’s assets were overstated and its liabilities understated. The auditors did not adequately test the Special Purpose Entities or the off-balance sheet transactions. One of the most basic auditing procedures is testing for existence. By testing these accounts for existence and looking further into them‚ the auditors could have uncovered that they were formed by Parmalat and that they were being used as debt shelters. The illusion of liquidity
Premium Audit Asset Balance sheet
and safety management system (OHSMS) – audit report Verification of OHSMS to AS/NZS 4801:2001 Contractor details Contractor Address Contact person Position Contact details Accredited auditor (construction) details Name Accredited provider # Date Acknowledgment ‚ accredited auditor (construction)‚ acknowledges the cooperation and assistance provided by the staff and employees of and thanks them for their contribution to this OHSMS audit. Confidentiality Information obtained
Premium Audit Occupational safety and health External auditor
mbacasestudyanswers.com www.casestudysolution.in aravind.banakar@gmail.com ARAVIND 09901366442 – 09902787224 AUDITING Q1) H.W.P. Private Ltd. Is having only two members H and W. During the audit of accounts for the year ended 31st March 2000‚ you as a auditor find that : a) H‚ who is incharge of purchases has introduced fictitious purchase bills of Rs 50 lakhs. b) W‚ who is incharge of sales has sold goods worth Rs 1 crore without bringing the same in the books of accounts. You raise the matter with H
Premium Audit Auditing External auditor
internal or external NATURE: Highly non-standard; often subjective FREQUENCY: PAs: Occasionally AGs: Frequently CRA: Always Internal: Frequently Financial Statements PURPOSE: To determine whether the overall financial statements are presented in accordance with an acceptable financial reporting framework USERS: Different groups for different purposes—many outside entities NATURE: Highly standardized FREQUENCY: PAs: Almost always AGs: Occasionally CRA: Never Internal: Never TYPE OF AUDITORS – SCOPE
Premium Financial audit Audit Auditing
once an auditor has processed whether the factories meet ethical standards. Manufacturing Sites The above table contains important information about each of the manufacturing sites Primark has in its corporation. Each site has been assigned a manufacturing ID‚ country of location‚ site size in square ft (thousands). The approval status of these manufacturing sites is listed and will be the focus for our queries. Auditor Table The auditor table simply lists each auditor‚ which
Premium Auditing Audit Financial audit