Financial audit, Financial Management

Assignment Help:

To begin this topic, the case of China Sky describes the appointment of a special auditor  in the organization that is also a rule in the procedures of Singapore Exchange (SGX). There is some argument that presents the arguments in the favour of audit firm partners to join the audit committees along with the some arguments against it. The firms should allow audit firm partners and/or employees to join audit committees because it would help to investigate the mutual transactions between the audit committee chairman and the company that is the first argument. The other argument is that the committee would find out the reason behind the failure of land acquisitions in the country of the china (MediaCorp Pte Ltd, 2013). Both arguments are effective for the management of China Sky because the appointment of the auditor would help the company to follow the instructions of the stock exchange that also help the company to hold the interest of the market and stakeholders for managing the profitability concepts.

On the other hand, by the appointments of the auditors, the management of the company could also retain the transparency factors at the time of financial transactions that is very necessary for the listed organization because any hidden processes would affect the confidence of investors in the growth figure of the company that could reduce the per share value of the organization and would influence the reputation in market negatively (MediaCorp Pte Ltd, 2013). The argument against the appointment of auditors is that there was no justification for the directive that would be used by the auditors at the time of financial audit. Without the proper justification, the working of auditors could increase the conflicts between the auditing committees that would make the failure of auditors' appointments with the organizations.


Related Discussions:- Financial audit

Process of bringing a new international bond issue to market, Discuss the p...

Discuss the process of bringing a new international bond issue to market. Answer:  A borrower desiring to increase funds by issuing Eurobonds to the investing public will conta

Explain the determinants of operating exposure, Explain the determinants of...

Explain the determinants of operating exposure. Answer:  The main determinants of a company’s operating exposure are (a) The structure of the markets where the company sourc

Cash flow duration, Cash flow duration, like effective duration, cons...

Cash flow duration, like effective duration, considers the change in the cash flow due to prepayment with the change in the interest rate. In effective duration,

Calculate total development cost, A developer has purchased a commercial of...

A developer has purchased a commercial office site in Melbourne and wishes to develop a building which will be sold to an institutional owner before completion of the building.

Define the general principles of the city code, Define the General princi...

Define the General principles of the city code General principles of the city code Information available to all shareholders and shoul

Forex, I am looking for assignment help on the topic FOREX. It would be gre...

I am looking for assignment help on the topic FOREX. It would be great if anyone help me.

financial crisis, Hedge funds are short two types of funding options. Desc...

Hedge funds are short two types of funding options. Describe in detail what these options are.   Describe why these options become more valuable during a financial crisis.   During

Calculate the annual revenue - capital budgeting analysis, The Donut Shop, ...

The Donut Shop, Inc. is planning to add a 2nd Donut Shop by opening a new store across from Webster University. A survey of the area has already been completed at a cost of $150,00

Incorporation of the risk in investment proposal, Q. Incorporation of the R...

Q. Incorporation of the Risk in Investment Proposal? Incorporation of the Risk in Investment Proposal: - As stated previous risk is involved in every capital budgeting decision

Write Your Message!

Captcha
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