External link to Auditing Introduction Letter

Auditing Introduction Letter

Dear Mr. Lancaster, I understand that Apollo Shoes, Incorporated is concerned about acquiring certain auditing and assurance services. In today’s business world a company needs to stay ahead by operating more successfully and proficiently than its competition. Stromsodt can help Apollo Shoes to gain this advantage by offering auditing and assurance services designed for the company needs. Stromsodt is a company with certification in Service […]

External link to Definition of Auditing

Definition of Auditing

AUDITING I. Definitions * Auditing, in a general sense, is a systematic and critical evaluation of the financial position, operating systems, and results of operation of an audited entity. * A systematic process of obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain degree of correspondence between those assertions and established criteria and communicating the results to interested user. The analytical […]

External link to Solution to Auditing and Assurance Service: 1,12,B, 3

Solution to Auditing and Assurance Service: 1,12,B, 3

SOLUTIONS FOR REVIEW CHECKPOINTS 1. 1Business risk is the collective risk faced by a company that engages in business. It encompasses all threats to and organization’s goals and objectives. It includes the chance that customers will buy from competitors, that product lines will become obsolete, that taxes will increase, that government contracts will be lost, or that employees will go on strike. 1. 2The conditions […]

External link to State Auditing

State Auditing

STATE AUDITING IN THE PHILIPPINES Reported by: MYRLA P. SEDENIO RUTH C. TACUJAN A. OBJECTIVES I. To Discuss the State Audit System 2. To Identify Issues and Limitations of Government Auditing 3. To Discuss the Measurement of Government Performance B. INTRODUCTION The Philippine Constitution emphasizes the importance of accountability in the government. Article XI simply and bluntly begins: “Public office is a public trust,” before […]

External link to Andersen’s Case Auditing and Assurance Services

Andersen’s Case Auditing and Assurance Services

Arthur Andersen was one of the five biggest accounting firms in United States. Arthur Andersen is specific example about the most recent business collapse, which is considered profound in American business history. The firm, practicing in more than 80 countries with thousands of employees, now lost its reputation as an audit and accounting firm. There are many different thoughts and judgments about the case when […]

External link to Principles of Auditing

Principles of Auditing

A company has not followed generally accepted accounting principles In the recording of its leases. 7 2. A company has not followed generally accepted accounting principles In the recording of its leases. The amounts involved are immaterial. 1 3. A company valued its inventory at current replacement cost. While the auditor believes that the inventory costs do approximate replacement costs, these costs do not approximate […]

External link to Contemporary Auditing

Contemporary Auditing

Contemporary Auditing is the examination and assertion of any accounts and of other official papers that support certain accounts. Such a system of checking an individual financial matter against established standards has been used, particularly in global marketing field. In some other countries, the development in the field of commerce and accountancy expanded the taxes of every auditor; however, auditing style in marketing field or […]

External link to Coca Cola Auditing Project

Coca Cola Auditing Project

AIM 6334 Auditing and Assurance Service Research Project [pic] Li-chung Lee Kung Ya Cheng Jui-Ping Lin Table of Contents I. Introduction:……………………………………………………………………………………. P. 3~4 II. Ch 1: The client acceptance/continuation process, including establishing an understanding with the client……………………………………………………………………………………P. 4~5 III. Ch2: Obtaining an understanding of the entity and its environment, including internal control. …………………………………………………………………………………………………………P. 5~6 IV. Ch3: Preliminary Engagement Activities……………………………………………………… P. 6 V. Ch4: Assess Risk […]

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