Auditing Theory College 1: Het waarom van de accountantscontrole Agency theorie: De agency theorie legt de relatie tussen de 3 perspectieven uit. De drie partijen zijn‚ namelijk de principaal (investeerder)‚ agent (management)en monitor (accountant). De agency costs nemen relatief meer toe dan dat het aandelen bezit van de manager afneemt. Daarnaast kunnen de agency costs die groei begrenzen door dat eventuele investering niet gedaan kunnen worden. Je kan er van uit gaan dat de agency costs een negatieve
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Burlingham Bees 1. AU 329 a. Based on the standards‚ describe the guidelines for developing an expectation and conducting analytical procedures when those procedures are intended to provide substantive evidence (para. 9-22). i. .09 Reliance on substantive tests: may be derived from tests of detail‚ from analytical procedures‚ or from a combination of both. The decision about which procedure to use is based on the auditor’s judgment. ii. .10 Level of assurance: analytical procedure
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CASE 2: Roger Berg | BUS500M Management Principles and DynamicsProf. Reynaldo Lugtu (DBA Cand.) | Glenn CabacangRj ManalangWenzi Jeanne MartinezJoyce OngRyan Yuquico | I. Synthesis Roger Berg‚ the Vice President for Planning of the Lake Corporation‚ had to recommend a subcontractor for the environmental study project in connection with their planned large resort. The contract has been decided in principle to be awarded to Ceil Grant‚ one of their regular subcontractors. However‚ after a
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Introduction To AuditING and Window Dressing INDEX Sr.no | Topic | 1. | Introduction | 2. | Origin ‚ Definition | 3. | Objectives | 4. | Principles | 5. | Errors and Frauds | 6. | Window Dressing | 7. | Case Study | 8. | Conclusion | OBJECTIVES OF AUDITING The main object of the audit is to find out whether the accounts of a particular concern show a true and fair view of the earnings and financial state of affairs.This is possible
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HES4811 Integrated Environmental Management Systems and Auditing ASSIGNMENT 03: Environmental Auditing Assignment Number: 337106 Contents List of Tables Table 1: Compliance Audits vs. Management Audits 7 List of Figures Figure 1. Clariant Global Chemical Company’s environmental goals for 2020. 12 3.0 Introduction Environmental auditing’s purpose‚ its three main categories‚ and the key steps involved in running an environmental audit are discussed
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“The Identification ” by Roger McGough Is a poem in which there is a Character for whom I feel sympathy. I will explain why I feel sympathetic towards that person‚ and what particular words and phrases the poet uses which mad me feel this way. The poem is about a boy named Stephen‚ who was tragically killed in an explosion. His father is called to the police station to check if that’s his son. His father’s hopes are shattered as nearly all the evidence proves that it is Stephen lying in front
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officers. For this reason‚ auditing and assurance services must sign-off or attest to the credibility and reliability of written assertions. Creditors rely on the accuracy of financial reports when calculating the risk and interest rate of loans. Investors and employees need reliable information when allocating their precious resources. Governmental agencies require transparency and compliance to insure the public is not being victimized by fraud. Do increased auditing requirements guarantee that
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Reading: Amelia Rogers at Tussani Communications The reading demonstrates the various aspects of managerial role in an organization by using Tussani Communications‚ a Chicago based integrated marketing communication company as a case and the people working in it as a citation to lay emphasis on the need of behavioral analysis in any organization. The case illustrates the role of manager and the different conflicts he/she may face while dealing with his/her subordinates‚ supervisors and clients.
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external auditing profession taken to minimize potential bias toward important users and thereby encourage auditor independence? ---The external auditing profession as a whole has became more concentrated on maintaining auditor independence and it is now one of the cornerstones of quality auditing. One way that independence can be violated is when an auditor shows bias towards an important user of the financial statements. Management‚ stockholders‚ bondholders‚ and taxing and regulatory companies are
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development in the 19th Century gave birth to the concept of Limited Liability Company‚ hereby ownership is separate from management. This concept was initially vague‚ but was quickly made explicit and popular by the celebrated case of Solomon Vs. Solomon and Col. Ltd. Uzochukwu (2004)‚ said that in an attempt to bridge the information gap between the shareholders on one hand and the directors on the other hand. The companies Act of 1884 (UK)‚ (The First Act) was passed to make it compulsory that
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