CHECK THESE SAMPLES OF The Role of External Auditors in Accounting
(1970) mentioned 'independence, both historically and philosophically, is the foundation of the public accounting profession and upon its maintenance depends the profession's strength and its stature'.... It was not difficult, by subtle thought transmission for independent auditors, perhaps with some self-satisfaction to invest them with this splendid excellence of independence.... auditors are expected to be unbiased and impartial with respect to financial statements and other information they audit....
11 Pages
(2750 words)
Essay
CISPA Guidance Note 6, page 1)i
Generally audit is conducted to ensure that clerical accuracy of book keeping functions and the drawn accounting analysis there from.... Theory of auditors'… Auditing is of different but here we are concerned with financial statement auditing.... As per John P Wilson and Ebrary (2006)ii these specific auditing purposes are:
Independence of auditors is the most hotly discussed subject after the occurrences of scandals like Enron and other....
12 Pages
(3000 words)
Essay
Financial accounting reporting and auditing have been the key areas affected by the European crisis.... Therefore, this makes it hard for small and mid-sized accounting firms, which are looking forward to enter into a new market (Velte & Stiglbauer, 2012).... auditors usually find themselves in a fix due to the fact of being familiar with the management and being intimidated by their clients, which adversely leads to long-term client-audit relationship....
9 Pages
(2250 words)
Essay
This essay talks about the objectives and principles of accounting and the process of auditing, an examination of accounting books and any other relative documentary evidence that gives the auditor the ability to find out accuracy of figures and so that they can make reports on balance sheets.... hellip; The primary objective of accounting is to determine and question the reliability of the financial statement and supporting accountant records during a particular fiscal period....
4 Pages
(1000 words)
Essay
The paper "the role of external auditors in Companies" discusses that the fact that the information may be made credible by the auditor's report should not be considered a guarantee for the protection of investors, because there are external risks that may not be addressed.... Lutzenberger (2010), in explaining the external auditor's role in corporate governance, noted that the four pillars of corporate governance include the board of directors, internal auditors, management, and external auditors....
17 Pages
(4250 words)
Assignment
This research paper “How to Synergize the Works of Internal Auditors and External Auditors” explores how to synergize the works of Internal Auditors and external auditors in listed companies.... hellip; The research paper intends to assess the importance of external auditors and internal auditors in listed companies.... This process by being carried out in the fields of accounting, quality management, project management and energy conservation....
14 Pages
(3500 words)
Research Paper
This study will present a critical evaluation of the differences in skills sets and task objectives of external auditors and fraud examiners.... hellip; The study leads to the conclusion that external auditors are a compulsory requirement, and whether there is fraud or not, their role as the auditors of the entity continues as long as the entity continues to exist.... While forensic accounting involves the application of professional accounting skills in a civil or criminal litigation....
15 Pages
(3750 words)
Essay
In the report “External Auditors and Fraud Examiners” the author focuses on limitations in the auditing process, which prevailed principally owing to the unclear distinctions between the skills and objectives of external auditors and fraud examiners.... In this regard, it can be claimed that in order to fulfill the task objectives of the auditing process, an external auditor should possess certain skills, which can enhance public confidence on audit report and ensure unbiased financial, accounting and taxation practices (International Federation of Accountants 5-15; The Economist 44-48)....
14 Pages
(3500 words)
Essay