CHECK THESE SAMPLES OF The Accounting Function in Bank Audit: Gap Inc
Central bank started its function in 1980 with the objective of regulating credit, monetary and banking policy and to supervise over the implementation of these policies in gulf countries Board of directors of the Central bank have reorganized the structure of the bank which is now having five branches with seven departments and seven divisions, seven units and a risk bureau.... The central bank has seven departments which include Banking operations, Banking supervision and Examination, Financial control, treasury, Research and statistics, Administrative affairs, internal audit....
4 Pages
(1000 words)
Research Paper
Quality Circles is a people building philosophy, providing self-motivation and happiness in improving environment without any compulsion or monetary benefits.... It represents a philosophy of managing people specially those at the grass root level as well as a clearly defined mechanism and methodology formulated by management for translating this philosophy into practice and a required structure to make it a way of life....
24 Pages
(6000 words)
Essay
As an auditor, before getting into the technical aspects of auditing procedures, we generally use the attest function to assess whether the information presented provides assurance of its fairness, reliability, credibility, dependability, and whether it is presented according to… A quick glance at the financial statement, the company is financially healthy but there are some weaknesses even the financial statement presentation has departure from GAAP in certain areas.
In addition, in order to fy these weaknesses or considered as risks associated with these financial statements, we perform comparative year-on-year and ratio analyses which may be effective for us to identify possible problem areas for additional analysis and audit testing and for which we can provide other assistance....
9 Pages
(2250 words)
Essay
The GAO report was commissioned in response to the passage of the Sarbanes-Oxley Act the previous year and also due to concerns about the effects of audit mergers and consolidation on competition, cost, quality, pricing and the cherished principles of auditor independence.... The Big 4 auditing and accounting firms, together with professional and accountancy organizations, are actively promoting positive reforms in both their accounting and reporting standards to improve credibility and confidence in audited financial reports....
10 Pages
(2500 words)
Essay
The need to reassess the presentation of the financial statement in its current form was ignited by the misrepresentation of data to the public and regulators by various US corporations including Enron and WorldCom and later gained momentum in the wake of the dramatic fall of… seemingly ‘stable' Lehman Brothers and other major global financial institutions when fair value accounting not reflective of existing market prices and GAAP principles were manipulated by executives to generate disingenuous financial reports (Benston, 2003)....
7 Pages
(1750 words)
Essay
Computer Assisted audit Technique (CAAT) is a method in which auditing procedures are automated and are performed using computers, helping in speeding up the auditing process.... This paper discusses the procedures that… The paper gives a concept of the application of CAATs, the businesses in which such techniques are preferred over traditional audit techniques.... To start any audit, understanding and knowledge of the business should be gained during the planning stage....
16 Pages
(4000 words)
Essay
Deposits of checks for interest and dividends earned on investments are also recorded by the accounting department.... Each month, the accounting manager and the treasurer prepare journal entries required to adjust the short-term investment account.... The reporter states that Solomon periodically sends a member of its internal audit department to audit the operations of each of its subsidiaries including Oakdale.... A member of Solomon's internal audit staff recently completed a review of Oakdale's investment cycle....
7 Pages
(1750 words)
Assignment
accounting record is termed as all of the documentation or documents that are included in the preparation of financial statements as well as records which are significant and relevant to financial review or budgetary survey and audits which incorporate recording of liabilities… It is very vital to maintain ledger in all accounting systems because it is used to prepare a trial balance that aids in checking the arithmetical accuracy of the Ledger stores information needed for preparation of financial statements and final accounts....
13 Pages
(3250 words)
Essay