Customer Service Chat
Get quote & make Payment
Joint audits-advantages-disadvantages, Auditing
General advantages and disadvantages of joint audits
All work and fees are welcome to audit firms.
An opportunity to closely inspect the auditing methods of another firm.
The other firm may have special expertise which might fit well in a joint business.
The other firm may have geographical location possibilities which complement.
The other firm may be of such a size that a client company can be serviced which may otherwise be beyond available resources.
Flexibility of working arrangements with another firm may avert bottlenecks owing to staff shortage at peak times.
Shared legal responsibility. Liability for co-auditor's negligence.
Lack of control. The other firm may have different audit standards which may be unsatisfactory.
Any shared work or responsibility may lead to personality clashes.
Posted Date: 12/4/2012 5:44:06 AM | Location : United States
Ask an Expert
Joint audits-advantages-disadvantages, Assignment Help, Ask Question on Joint audits-advantages-disadvantages, Get Answer, Expert's Help, Joint audits-advantages-disadvantages Discussions
Write discussion on Joint audits-advantages-disadvantages
Your posts are moderated
Write your message here..
audit tests and recording items in the audit, With reference to the case s...
With reference to the case study business, identify appropriate audit tests to be carried out. Prepare a statement of the work to be carried out and the manner in which it will be
Explain basic principles of an internal audit control system, The core prin...
The core principles of financial internal control are explained here: accounting and financial operations can be separated and the main purpose is the handling of cash and the copy
Specialized audit situations, Specialized Audit Situations Companies c...
Specialized Audit Situations Companies carry on thousands of different types of trade, business or professional activities. It is not possible in a manual on general auditing
Design and operation, what is design and operation
what is design and operation
Auditing, YvesLaurent has just been put in charge of the BeautyNatural Inc....
YvesLaurent has just been put in charge of the BeautyNatural Inc. audit.BeautyNatural is a small, but growing retail chain of natural cosmetics stores. BeautyNatural needs to borro
Financial institutions and banks - audit situations, Financial Institutions...
Financial Institutions and Banks - Audit Situations Financial Institutions Because of the recent collapse of many financial institutions, this is still a heavily regu
Audit planning, What is audit planning
What is audit planning
Inter-related components of internal control, Part A: What are the five...
Part A: What are the five inter-related components of internal control? Briefly discuss them. Part B: A file maintained by the Accounts Department for one of Sharp's s
Auditors responsibilities with regard to related parties, Auditors Responsi...
Auditors Responsibilities with regard to related parties ISA 550 Related Parties states which the auditor should perform audit process designed to find sufficient suitable
Forms of evidence, Forms of evidence a) Observation: is usually witne...
Forms of evidence a) Observation: is usually witnessing internal control and book-keeping procedures. It includes attendance at wages pay out. Observation of stock-take, open
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Terms & Conditions
Copyright by ExpertsMind IT Educational Pvt. Ltd.