What is your opinion on the external auditor

Assignment Help Financial Accounting
Reference no: EM132986245

Question - In Australia, Internal auditors are not required to be members of any professional body such as the ICAA or CPA Australia. However, surveys have shown that the vast majority of internal auditors are members of one or both bodies. This is despite the existence of the Institute of Internal Auditors. The current trend is for organisations to outsource the internal audit function to another external provider.

Required -

a) Do you think internal auditors should be a member of a peak professional accounting body? If so, which body do you think is most appropriate and why?

b) What is your opinion on the external auditor or another assurance provider performing the internal audit function? Discuss the pros and cons.

Reference no: EM132986245

Questions Cloud

Calculate the smaller final withdrawal : Calculate how many monthly withdrawals of the full $1,117 will be able to be made. Calculate the smaller final withdrawal that will be available one month
How much of the is paid to the common shareholders : The company has paid no dividends for the past two years. This year, a $ 620,000 dividend is paid. Calculate how much of the $620,000 is paid
Calculate the value of the payments on may : Calculate the value (P) of these payments on 26 May 2021. An annuity pays $2,250 per year for 11 years with the first payment on 26 May 2026.
Determine amounts represents the total capitalised cost : Determine amounts represents the total capitalised cost of the asset, property. Busi Ngidi is the sole proprietor of Ngidi's Clothing Manufacturers.
What is your opinion on the external auditor : What is your opinion on the external auditor or another assurance provider performing the internal audit function? Discuss the pros and cons
Estimate the variable component and the fixed component : Explain the various methods used to estimate the variable component and the fixed component of the mixed cost
What is recommendation for using a global standardization : For U.S. companies considering expansion into Kenya's market, what is your recommendation for using a global standardization, localization, transnational, or in
How the temperature overlays on the rank ordering of months : Understand how the temperature overlays on the rank ordering of months. Drag TEMP into the chart with the blue bars and on the left panel
How communication can drive change in an organization : Indicate how communication can drive change in an organization, and why is it important to manage this change?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd