You have met with a potential client who informs you that

Assignment Help Auditing
Reference no: EM13379834

You have met with a potential client, who informs you that all the employees and officers of his company are bonded. For this reason, he is requesting that under these conditions that you not look at his company's system of internal control so his company may reduce the cost of an audit.

Prepare a letter to the potential client explaining the following:
• Why you can or cannot honor his request.
• The reasoning for your decision.
• The potential ramifications of your decision.
• Based on your choice of action, what the perceived corporate governance of the company would be to the public.

- Understand Corporate Governance, examine and describe recent failures in corporate governance, and identify actions that the public perceived necessary to improve the quality of corporate governance.

- Analyze internal control as an integral part of an organization's corporate governance and risk management processes.

Reference no: EM13379834

Questions Cloud

Collison 19987 states that attention to the interests of : collison 19987 states that attention to the interests of shareholders above all other groups is implicit in much of
Develop an idea that will be the start of a business plan : develop an idea that will be the start of a business plan. build on the idea for a service business - a home
The raymond co is concerned that new gaming legislation : the raymond co. is concerned that new gaming legislation will be passed whereby spending limits will be placed on
You are believer that new employees should practice their : you are believer that new employees should practice their accounting skills before throwing them into the fire.
You have met with a potential client who informs you that : you have met with a potential client who informs you that all the employees and officers of his company are bonded. for
Crsl has a large auditorium which can cater for 300 people : crsl has a large auditorium which can cater for 300 people and is ideal for formal balls and functions. the auditorium
1what are the differences and similarities in audits of : 1.what are the differences and similarities in audits of financial statements compliance audits and operational
In the normal course of performing their responsibilities : in the normal course of performing their responsibilities auditors frequently conduct examinations or reviews of the
1what is an audit2explain the followingastandard : 1.what is an audit?2.explain the followingastandard auditbpartial auditccomplete or detailed audit3.what is an

Reviews

Write a Review

Auditing Questions & Answers

  Prepare a formal proposal

From the audit perspective, what are the main risks areas in MPA? Prepare a formal proposal to be submitted to theChairman of MPA

  Discussion of test controls

Contrast the circumstances in which the auditor would choose not to test controls with those in which he or she would perform tests of controls.

  Populations and sampling

What is the importance of defining the population when performing audit procedures? How will this affect the sample size? How will incorrectly defining the population affect the sampling unit?

  Regarding significance of fraud

Provide and discuss some of the evidence regarding the significance of fraud in the United States.

  Internal controls and substantive testingyou are the

internal controls and substantive testingyou are the auditor of pc ltd. a company that produces low cost electronic

  What would you include in the audit plan and why

What is the initial audit risk? High, medium or low and what factors made you decide on this level?

  Allocated fixed costs are assigned based on relative sales

Furniture is dropped, salaries and other direct fixed costs can be avoided. In addition, sales of computer equipment can increase by 13%. Allocated fixed costs are assigned based on relative sales.

  Audit reports

Once a company has received a going-concern audit opinion, speculate to likelihood that company will remain in business.

  Please answer all question complete the subsequent by

please answer all question complete the subsequent by inserting either a or a - sign in the appropriate cell. gb 518

  Owner invests cash in exchange for stock

Owner invests cash in exchange for stock and pays cash for employee wages, incurs legal costs on credit and receives cash for services provided

  On january 1 2012 palmer company leased equipment to woods

on january 1 2012 palmer company leased equipment to woods corporation. the following information pertains to this

  Financial-operational and shrink auditing

What are the different types of audits that retailers use. Why is auditing necessary? What benefits can be gained to offset the costs associated with them?

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