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Audit - Free Essay Examples and Topic Ideas

Audit is a process of examining the financial records and operations of an organization to ensure that they are accurate and comply with relevant laws and regulations. It involves a systematic review of financial reports, policies, procedures, and internal controls to identify any errors, discrepancies, or potential fraud. The audit report provides an objective assessment of the organization’s financial health and helps stakeholders to make informed decisions. Audit is typically conducted by independent professionals who are qualified and trained in accounting and auditing standards.

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  1. 1
    Analysis of Dean Harmon’s Failure in Following the Tax System in America
    Words • 823
    Pages • 3

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    Comprehension of the nature of the tax situation demands that the investor be fully informed about the federal tax laws that affect various tax attitudes in the United States. In addition, in order to to have a preliminary understanding of the need for access to tax systems, it is crucial that all stakeholders determine which tax systems are most effective the parties involved in the process need to have an understanding of the most efficient tax administrations. In this In…
    AuditFailureTax
  2. 2
    Why auditors exists in the world?
    Words • 1287
    Pages • 5

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    Paper Type:1200 Word Essay Examples
    This paper will discuss professional responsibilities and ethical obligations in auditing by understanding why auditors exists and analyzing the need for professional ethics in auditing, their duties and their powers on their issuance of their opinions on financial statements, their report on the internal control. The paper will likewise connect their auditor’s responsibilities and ethical obligations with the nature and objectives of financial statement audit. 2. 1 What are professional responsibilities and ethical obligations of auditing? Professional auditors Auditing as…
    AccountingAuditBusinessFinanceWorld
  3. 3
    Financial analysis for General Motors
    Words • 2604
    Pages • 10

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    Paper Type:2500 Word Essay Examples
    Introduction: This paper seeks to make a financial analysis supplemented by research for General Motors and answer the following questions: the type of business of company General Motors, any significant recent events affecting the company's operations or financial position. Discuss the auditor's report and the role of the auditors. How many shares of common stock did the company (General Motors) have outstanding? Does the company have any preferred stock outstanding? What is the company's total paid-in capital? What was the…
    AccountingAuditBusinessFinanceFinancial Analysis
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  4. 4
    The Role of an Internal Auditor in Risk Management
    Words • 1224
    Pages • 5

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    Paper Type:1200 Word Essay Examples
    Introduction An internal audit is a complete evaluation of the company’s functions in terms of risk management; that is, the internal auditor monitors the organization for the risk of monetary loss or lower-than-expected earnings due to unforeseen circumstances. In fact, the Position Statement of the international organization, the Institute of Internal Auditors (2004) states that the enterprise-wide risk management tasks performed by these individuals assist the organization by improving the understanding of the risk that the organization faces, by improving…
    AuditBusinessInternal ControlRisk Management
  5. 5
    Removal of Auditor
    Words • 2170
    Pages • 8

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    Introduction Currently, an auditor may only resign if he is not the sole auditor of the company and his resignation must be made at a general meeting of the company. If an auditor gives notice in writing to the directors of the company that he wishes to resign, the directors shall call a general meeting of the company as soon as it is practicable. This is for the purposes of appointing an auditor in place of the auditor who wishes…
    AuditCorporate governanceGovernmentJustice
  6. 6
    Project Management Experience
    Words • 2474
    Pages • 9

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    Paper Type:2500 Word Essay Examples
    Introduction Project Management is a specialized area of management, which is applied to projects especially in cases whereby there are limitations of resources as well as constraints of time and money.  Unlike other areas of management, Project Management is concerned with specific objectives, which must be accomplished within a given period of time. Unlike conventional management, Project Management lays emphasis on the utilization of resources to meet goals in a given scope (Nicholas, 2004). Time management as it applies to…
    AuditBusinessExperienceProject Management
  7. 7
    Goodner Brothers Audit Case
    Words • 1201
    Pages • 5

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    Paper Type:1200 Word Essay Examples
    The Goodner Brothers, Inc. audit case is based off the story of two men who have been friends since their childhood: Woody Robinson and Al Hunt. Now as adults, Mr. Hunt works for an auto supply store while Mr. Robinson works for Goodner Brothers, Inc. , a tire wholesaler in Huntington, West Virginia. In the Goodner case, internal auditors were conducting their annual inventory counts of Goodner Brothers, Inc. and determined that their numbers were lower than the book inventory…
    AuditBusinessInternal Control
  8. 8
    Ethics in Auditing
    Words • 3390
    Pages • 13

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    Paper Type:3500 Word Essay Examples
    Abstract Auditors play an important role in the financial world.  Their knowledge and skills are crucial in the decision-making process of the government and business sectors alike.  Even in simple household scenarios, there is no denying that sufficient financial intelligence is a necessity in the proper investment of hard-earned funds.  In this way, more time and energy is saved rather than wasted and a better future is created for all the members of the family. It is for this basic…
    AuditBusinessEthics
  9. 9
    EBay Strategic Audit
    Words • 715
    Pages • 3

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    Paper Type:700 Word Essay Examples
    The given research paper deals with the strategic audit for EBay organization. The paper examines the diverse strategies implemented by this organization in its business processes. The paper appropriately follows the pattern adopted for strategic audit and discusses about the three types of analysis, the SFAS (Strategic Factor Analysis Strategy), IFAS (Internal Factor Analysis Strategy) and EFAS (External Factor Analysis Strategy). These analyses are based upon the examination of the internal & external environments of the organization. Subsequently, the paper…
    AuditBusinessEbayTechnology
  10. 10
    Analysis of the Need for Professional Ethics in Auditing
    Words • 1402
    Pages • 6

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    Paper Type:1300 Word Essay Examples
    Given the need for auditors as explained earlier, it would not be difficult to understand the importance of code of ethics for the professionals or public accountants who will discharge the power and functions of said audit. As a way to understand the need of ethical requirements for auditing or public accounting profession, one needs to view auditing compared with other professions to determine any similarity. Since there is no universally accepted definition of what constitutes a profession, it sounds…
    AccountingAuditProfessional Ethics
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  11. 11
    Enterprise Risk Management
    Words • 772
    Pages • 3

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    Paper Type:750 Word Essay Examples
    Enterprise Risk Management (ERM) is only as effective as the amount to which the methodology has been adopted holistically by a business. The adoption of risk management throughout a business becomes increasingly difficult as the a business grows and becomes more complex. It is clear that Unilever is a complex business with global operations, this necessitates a potent and successful risk management presence within the company. A key strength of Unilever's approach to risk manangement processes is the level at…
    AuditBusinessInternal ControlRisk Management
  12. 12
    Article 148 to 151 of Indian Constitution
    Words • 291
    Pages • 2

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    Paper Type:300 Word Essay Examples
    The constitution through articles 148 to 151 in Part V makes provisions for a Comptroller and Auditor General of India for checking the accounts and assessing the soundness of the financial transactions of the executive. The fundamental basis of the parliamentary system of the Government is the responsibility of the executive to the legislature for all its actions. The legislature is able to enforce this responsibility only if it is competent to scrutinize the activities of the executive. Types of…
    AuditBusinessIndian ConstitutionJusticePolicy
  13. 13
    Hospital Accreditation Process
    Words • 1533
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    Paper Type:1400 Word Essay Examples
    Practical advice and tips for successful audit outcome Accreditation is a third party review for the benefit of organization for multiple purposes or stamping of quality standards which are practiced in day to day service to the patients. There are multiple agencies for accreditation and in India; we have NABH and NABL under the quality council of India. Other international accreditation agencies are JCI for hospitals and CAP for laboratories. I belong to a tertiary care organization and we are…
    AuditGovernment HospitalHealthMedicineSafety
  14. 14
    Financial Issues in Business
    Words • 1439
    Pages • 6

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    Paper Type:1400 Word Essay Examples
    We are going to explore the relevant facts from the case study on Auditing (Confidentiality, Misrepresentation of Facts) as is concerned between Jennifer Grace, the engagement manager, Coshocton National Bank (CNB) who observed something curious about the financial documents submitted by Tom Ward, the CFO of Fantastic Development (FD) also a client to Jennifer Grace's company for a loan at CNB. This false and misleading financial records of Fantastic Developments is unknown to CNB. In this paper we shall find…
    AuditBusinessJustice
  15. 15
    The Role of Financial Ratios in Auditing Analysis
    Words • 2633
    Pages • 10

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    Paper Type:2500 Word Essay Examples
    The use of financial ratios assists the auditor in analyzing any unusual deviations from the expected results, (Gupta, 2004). The financial ratios are then compared with the entity's ratios for prior periods as well as with ratios for other businesses in the same industry. A comparison with the industry ratios would have warned BDO of some irregularities in Leslie Fay's financial statements. BDO Seidman should have been interested some important ratios that would help in determining the accuracy of the…
    AuditBusinessBusiness EducationBusiness ManagementBusiness NewsEconomics
  16. 16
    Research Proposal for Internal Auditor
    Words • 1095
    Pages • 4

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    Paper Type:1200 Word Essay ExamplesProposal Essay
    Introduction The responsibility of the internal audit is to serve the Ministry of Justice in a manner that is consistent with the Financial Administration and Audit Act, Standards for the Professional Practise of Internal Auditing and with professional standards of conduct. This activity has the potential to provide hitherto unparallel services to management in the conduct of their duties. Background of Study The government of Jamaica established the Internal Auditing Agency as a means of strengthening accountability and reinforcing trust…
    AuditBusinessResearch
  17. 17
    Addressing Unconscious Bias in Accounting: A Call for Reform
    Words • 855
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    Paper Type:1200 Word Essay Examples
    The exploration of why accountants and auditors sometimes engage, consciously or unconsciously, in questionable practices is a subject of paramount importance. The Sarbanes-Oxley Act of 2002 sought to instill corporate accountability, yet it does not provide an absolute safeguard against the influence of unconscious biases. This essay delves into the complexities of unconscious bias within the accounting profession, examining the three primary aspects contributing to biased judgments: Ambiguity, Attachment, Approval, and the human factors influencing these dimensions. The Three Dimensions…
    Audit
  18. 18
    Profitability Issues Plague Thriving Discount Grocery Store, Phar Mor Inc
    Words • 1798
    Pages • 7

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    Paper Type:1800 Word Essay Examples
    Phar-Mor, Inc was a thriving discount grocery store in the late 1980’s. Phar-Mor was moving product quickly but profit margins were not significant enough to pay the bills. By the early 1990’s, Phar-Mor declared bankruptcy due to fraudulent financial reporting and misappropriation of assets, making it one of the largest frauds in U.S. history. Below, we will use auditing standard AU 316.85 Appendix A in conjunction with the video “How to Steal $500 million” to analyze how incentives/pressures, opportunities, and…
    AuditBusinessBusiness ManagementFinanceInternal Control
  19. 19
    Audit vs Attestation vs Assurance
    Words • 272
    Pages • 1

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    Paper Type:250 Word Essay ExamplesCompare And Contrast EssaySimilarities and Differences Essay
    Audit Assurance services are broader in scope than either audit or attestation services. It is an independent professional service designed to improve the quality of information for the purpose of making better decisions. It evaluates the reliability, credibility, relevance, and timeliness of information. It assesses all the information and determines how accurate it all is. It provides independent and professional opinions that reduce the information risk. Assurance services may involve financial and non-financial services. Audit services could be considered a…
    AuditBusiness
  20. 20
    The role of Technology in Corporate Social Responsibility Programs
    Words • 2383
    Pages • 9

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    Paper Type:2500 Word Essay Examples
    Corporate Social Responsibility (CSR) is the act of engaging in social development projects that every member of society can benefit from (Wan). It usually practiced by organizations as part of their contribution to society. Government does everything it can to ensure that organizations live up to their responsibilities when it comes to preserving the environment for the good of all by making environmental and social polices to protect the people. CSR ensures that companies are more sensitive to all interests…
    AuditBusinessPolicyResponsibilityTechnology
  21. 21
    The Collapse of HIH Insurance: Identifying the Root Cause
    Words • 1525
    Pages • 6

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    Paper Type:1400 Word Essay Examples
    Firstly, an introduction and background relating to HIH insurance company will be given. Then the cause of HIH collapse is going to be discuss in the following part, mainly focused on the failure of financial risk management, the failure of auditor, the failure of regulation and the lack of independence for non-executive director. Thirdly, according to the analysis of the problem, the paper offers suggestions as to deal with those problems，followed by a brief conclusion at the end of this…
    AuditCase StudyCorporate governanceInsurance
  22. 22
    Comptronix Corporation: Assessing Risk Factors for Controls and Inherent Risk
    Words • 2577
    Pages • 10

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    Paper Type:2500 Word Essay ExamplesEvaluation Essay
    1. Professional auditing standards present the audit risk model, which is used to determine the nature, timing, and extent of audit procedures. Describe the components of the model and discuss how changes in each component affect the auditor’s need for evidence. The audit risk model is used to determine the nature, timing, and extent of substantive audit procedures. The components of audit risk model usually stated as follows: DR = AR/(IR x CR) Where: DR = detection risk; AR =…
    AuditCorporationFinancial StatementInternal Control
  23. 23
    Audit Proposal and Money Management
    Words • 1119
    Pages • 5

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    Paper Type:1200 Word Essay ExamplesProposal Essay
    There are many different types of audits including internal, external, and information technology. Companies should be familiar with the types of audits that may possibly be used on an Accounting Information System (AIS). Knowing the different types of audits and where they are used will help a company be ready for an audit and make the process much smoother. There are some circumstances where auditing through a computer is not always beneficial. Auditors want to make sure they are completing…
    AuditBusinessMoney ManagementTechnology
  24. 24
    Unethical Practices and Behavior in Accounting
    Words • 651
    Pages • 3

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    Paper Type:600 Word Essay Examples
    The Sarbanes-Oxley Act of 2002 (SOX) was developed to prevent deceptive financial activities, and to provide financiers with more accurate monetary resources on corporations. Under SOX, companies are held responsible if they fail to keep the requirements that were set forth in the act. The act requires business to maintain acceptable internal control measures, provide responsible monetary reports, disclose regular reports, and establish rules for yearly reporting. (Hazels, 2010) These requirements are all part of the Typically Accepted Accounting Principles…
    AccountingAuditBehaviorEthicsFinancial StatementInternal Control
  25. 25
    Case Study: Lean Implementation at Siemens’ Kalwa Plant
    Words • 4777
    Pages • 18

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    Paper Type:4500 Word Essay Examples
    1.0 EXECUTIVE SUMMARY & COMPANY BACKGROUND Briefly, in this case we glimpse on Kalwa Planet-Siemens in India which improve itself from a traditional organization to lean management structure. The first Siemens work shop started on May 1st, 1955 in a small place on Mumbai with 10 employees and with very simple equipment’s. Their main business is fixing damaged switch boards and other fabrication jobs which most of their components were imported and small number of them produced inside workshop. In…
    AuditCase StudyEconomyManufacturingPlantsTeam
  26. 26
    Role and Effectiveness of Auditing in Business
    Words • 1510
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    Paper Type:1400 Word Essay ExamplesCause And Effect Essay
    Globalization of the world economy, complexity of businesses, technological advancement coupled with allegations of fraudulent and inaccurate financial reporting have recently led to increased attention to financial auditing (Karagiorgos et al., 2009). Financial accounting is a process that involves collection and processing of financial data to help in making decisions by parties external to the organization (Deegan and Unerman, 2006). Financial auditing, on the other hand, is an objective assurance, independent, and consulting process designed to improve operations and add…
    AuditBusiness
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