Table of Contents I. Introduction II. The purpose of internal auditing III. Profession guidance on independence and objectivity IV. Consulting services: a challenge to audit independence? V. Independence vs. Objectivity VI. Conclusion VII. Bibliography I. Introduction The internal auditor occupies a unique position he or she is employed by the management but is also expected to review the conduct of management which can create significant tension since the internal auditor’s independence
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Definition of Trust Stephen P. Czerniak University of Phoenix‚ Troy Learning Center HRM 565 Human Resources Management Instructor: Charles A. Zajac Group ID: TRGRAD26 Assignment Due: Workshop 2 September 12‚ 2006 Revised September 21‚ 2006 Definition of Trust Much has been written about the subject of trust. For the purposes of this paper‚ we will consider trust in the context of forming the foundation of the relationship between a supervisor or leader and their employee. Since
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AC 4342 Auditing Introduction to assurance and financial statement auditing Discussion Question: Messier Q1-13‚ 14 1 References HKICPA Members’ Handbook Amended Preface to the Hong Kong Quality Control‚ Auditing‚ Review‚ Other Assurance‚ and Related Services Pronouncements Hong Kong Framework for Assurance Engagements Reference Messier: Ch 1 2 CILOs and TLAs CILOs 1 Describe the auditing profession‚ the regulatory‚ legal and reporting framework of auditing. Recognize the basic
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mathematical science that is useful in discovering the causes of success and failure in business. The principles of accountancy are applied to business entities in three divisions of practical art‚ named accounting‚ bookkeeping‚ and auditing. Accountancy profession in Bangladesh: ACCOUNTANCY is a critical component of a market economy’s infrastructure and economically sound activity would be impossible without it. Accountancy not only provides information on the financial position of operations
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Why Helpers Chose the Helping Profession Team B 350/BHS July 19‚ 2014 Becky Day There are many factors that influence a person’s decision to enter any profession. Human service careers are specifically unique in that financial gain is not the primary motivation (Woodside & McClam‚ 2011). Individuals who choose this career can have a desire to help others and are motivated by the gratification received when he or she successfully assists the client in improving the client’s life. It is important
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Part 2 of the activity is to choose one of the professional areas and comment on the activities‚ knowledge and behaviours. ( band 1 or 2 ) CIPD reveals HR profession map to replace old standards By Louisa Peacock on 21 Apr 2009 in Careers in HR‚ CIPD‚ HR qualifications‚ Latest News‚ The HR profession The CIPD has unveiled an ‘HR Profession Map’ which will replace the institute’s professional standards structure ahead of the launch of new qualifications next year. The map is designed to help professionals
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"No matter how sophisticated a system of internal control is‚ its success ultimately requires that you place your trust in certain key personnel" Introduction Within any organisation a high level of trust has traditionally been placed in management and key personnel. This has led to some quite public failures in corporate governance and internal controls Enron‚ WorldCom‚ HIH insurance etc A lack of effective personnel controls can lead to a multitude of organisation problems such as fraud
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CHAPTER ONE: INTRODUCTION 1.1. BACKGROUND OF THE STUDY Auditing refers to the process of checking and analyzing of financial statements to prove that they give true and fair view of the company and to ensure that they were prepared according to the accounting standards and finally producing a report after their opinion. Internal audit is professional activity involved in helping organizations to achieve their objectives. And the goals using systematic methodology for analyzing business processes
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The Auditing Process INTRODUCTION Auditing is defined by the American Accounting Association or AAA as “a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users” (cited in Turney et al p. 108). From that definition‚ it is evident that the auditing process consists of three elements: evidence
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and weakness and health and illness like day and night these happenings are inherent in everyone’s life cycle. But it is silver lining that there are noble people who work all their lives to mitigate the sufferings of the others. Among them‚ the profession of doctors is perhaps most respected for service to the society. A good doctor is also empathetic and humane. He tries to understand what his patient is going through and shows kindness while dealing with the unwell. This would involve interaction
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