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Auditing Essays

Audit Expectations Gap in the UK and Globally

The difference between the public’s expectations of auditors and their real duties and skills is known as the audit expectations gap, and it exists both in the UK and internationally (Deumes and Carchon 2019; Free and Verona 2018). Several things cause this gap, and different jurisdictions may experience it differently. The audit expectations gap has ... Read More
Pages: 5       Words: 1188

Mandatory Audit Rotation

Auditing is an essential process in the accounting specialization. It involves evaluating and verifying a company’s financial statements and records to ensure accuracy. In recent years, there have been calls for Mandatory Audit Rotation (MAR) which requires auditors to change after a certain period (Keyser 16). This practice requires companies to change their external auditor ... Read More
Pages: 4       Words: 879
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Investigating the Importance of Audit Quality on Business Performance

1.0. Introduction Assuring the accuracy, dependability, and relevance of financial statements and other important information through auditing is a critical component of business operations. Over time, the importance of audit quality has increased, especially in light of several high-profile accounting scandals (AL-Qatamin & Salleh, 2020). Such occurrences have sparked questions about the accuracy of audits, ... Read More
Pages: 23       Words: 6069

Monitoring, Auditing, and Incident Response

Difference between risk assessment and auditing Risk assessment and auditing share a common purpose: identifying potential issues and assessing their impacts to improve organization governance, risk management, and compliance (GRC) practices. However, the two have distinct differences in their focus and the time they cover. One notable difference is that risk assessment identifies and evaluates ... Read More
Pages: 7       Words: 1687

Essay on Audit

Key Standards for Ethics and Independence in Audits There are several standards that the auditors in law enforcement and ethics need to meet to perform their duties professionally. One of the crucial standards in this field is independence. Independence refers to the absence of connections between the auditor and the subject of the audit. Independent ... Read More
Pages: 5       Words: 1237

Essay on Audience Analysis

Organizations are responsible for maintaining their client’s records safety by conducting security audits through reviewing audit trails and logs. According to Thompson (2018), audit trails are a set of computerized records that show people’s activities in an information system in chronological order. These activities include sign-ins, sign-outs, and file access. Conducting the reviews is important ... Read More
Pages: 3       Words: 606

Lehman Brothers (LEH) Paper

Introduction Lehman Brothers (LEH) was a multinational monetary utility organization (Mawutor,2014). The company was the fourth substantial investment bank in the USA, doing business in investment banking, equity, and fixed-income sales and trading. The company also had research, investment administration, private equity, and private banking operations (Fleming & Sarkar, 2014). Lehman operated for approximately 158 ... Read More
Pages: 12       Words: 3282

Governance and Auditing

Introduction The strength of the economy and society at large is highly reliant on the existence of successful and sustainable businesses. The achievement of corporate goals and long-term profitability is typified by the manner in which enterprises are directed and controlled (Financial Reporting Council, 2018). The creation and sustenance of successful and beneficial relationships with ... Read More
Pages: 11       Words: 2840

Ethical Issues in Auditing and Managerial Accounting

Using whistleblowers to expose unlawful activity in corporations is an essential part of the process. “A whistleblower is a person who informs the public or someone in authority about suspected dishonest or unlawful acts (misconduct) taking place inside a government agency, a public or private organization, or a firm,” according to the American Bar Association ... Read More
Pages: 4       Words: 908
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