Demonstrate knowledge of the current tax and auditing , Auditing

A municipal village or a nonprofit organization solicits bids for the annual audit from local audit firms, and the firm with the lowest bid is selected.

Answer the following questions regarding the given scenario:

  • Is this the most prudent choice of auditor for the organization?
  • What should the managers take into consideration when attempting to identify a suitable audit firm?
  • Demonstrate knowledge of the current tax, auditing and accounting issues that concern governmental and not-for-profit entities

 

Posted Date: 3/20/2013 1:47:42 AM | Location : United States







Related Discussions:- Demonstrate knowledge of the current tax and auditing , Assignment Help, Ask Question on Demonstrate knowledge of the current tax and auditing , Get Answer, Expert's Help, Demonstrate knowledge of the current tax and auditing Discussions

Write discussion on Demonstrate knowledge of the current tax and auditing
Your posts are moderated
Related Questions
General Verification Procedures - Audit Process 1. Get or prepare a schedule for each and every class of liability. Usually this would indicate the makeup of the liability a

The modern integrated audit approach combines elements of various traditional audit areas having financial, operational, and information technology.

Provide the data regarding all about auditing of Newspaper agencies

discuss the verification procedure of current assets and long term liabilties

Basic Elements of a Management Representation Letter Whenever requesting a management representation letter, such the auditor would request which it be addressed to the audi

Banks Features (a) Profit and loss account: When looking at a bank's profit and loss account the accountant should seek to discover what proportions of the bank's profits

Reliance on the Work of Other Auditors The principal auditor or the primary auditor is solely responsible for the holding company's accounts. So here it is inevitable but that

Evaluation and Disposition of Misstatements, and the Effect on the Auditor’s Report: Whenever the auditor verifies that, or is not capable to conclude whether, the financial stat

Measures To Be Taken By the Individual Auditor Proper recruitment and training of all staff; Allocating staff to particular audits where they have the appropriate skills;

You are the partner in charge of the audit of Drugs4U Ltd, a company which develops, manufactures and sells to the a trade market a wide range of drugs which promote healthy living