Management Audit

Marketing Analysis of GITS-FOOD PRODUCTS PVT. LTD. GSN 408 Marketing Management 1 The Team Ali Tejani# 03119386 Christopher Pangestu # 04255682 Thanapong Sirirat Usdorn # 03122204 Lecturer: Associate Professor Susan Dann Submission Date: Wednesday 19th Dec 2001 Word Count: 3054 Queensland University of Technology – MBA Table of Content 1.Company Overview1 2.Environment Scan2 2.1.Micro Environment […]

Client Audit and Culture

The Canadians failed to carry out competitor analysis. They also failed to carry out client audit and culture. These three aspects made the venture to fail. Competitor analysis entails a deep study on the number and types of competitors that one has top challenge. Upon the identification of the strengths and weaknesses of a competitor, […]

Clinical Audit

This essay intends to focus upon an audit carried out by the author on her recent practice placement. The practice placement was in a continuing care unit which cared mainly for patients who were at the end stages of life. The author decided to choose safe drug administration for her audit for a number of […]

The Relationship Between Audit Tenure and Audit Quality

This dissertation proposal will investigate the relationship between audit tenure and audit quality in Sierra Leone.1.1 Background of the StudyThe trend of auditing failure cases has attracted wide attention from the public over the years in both developing and developed countries. Several people have started to notice that behind these failures, the auditors of most […]

Importance of Human resources Audit

The concept of HR audit has emerged from the practice of yearly finance and accounting audit, which is mandatory for every company, to be done by external statutory auditors. This audit serves as an examination on a sample basis of practices and systems for identifying problems and ensuring that sound accounting principles are followed. Similarly, […]

Deficiencies in Audits of Internal Controls

The most significant deficiencies that I identified in auditing internal controls are the following: * The firm’s failure to sufficiently test the design and operating effectiveness of management review controls, such as their forecasts for revenues * The firm’s failure to test the system-generated data and reports that support vital controls * The firm’s failure […]

10-K Analysis

As you review the 10-K, try to answer the following questions. In which sections is the information presented (Summary of Accounting Policies, MD&A, etc)? 1) Do the firm’s auditors provide a clean opinion on the financial statements? In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of DIRECTV […]

Data Trappers, Inc

When examining whether or not B&T should be permitted to serve as the independent auditor of Data Trappers, Inc. (DTI), we must first look at what it means to be an independent auditor. For an external auditor to be independent they need to be independent of the company they are auditing in both fact and […]

Audit Plan

In order to prepare an audit plan in a timely and efficient way, it is essential that a proper strategy is put in together. There are many areas that need to be addressed thoroughly to ensure that the correct outcomes are established. The following are the key areas discussed in the report: Initially the auditor […]

Strategic Audit Report and Recommendations

It is not to be denied that any business works on taking advantage of the opportunities that it comes across and handling the threats that it is posed with. However, these are the external factors that govern the working of any business. The elements that actually give the control and hold over your business are […]

Tay Kim Chuan Patrick v PublicAccountants Board

The appellant (“Tay”), who was a publicaccountant, appeared before an Inquiry Committee (“IC”) appointed by the respondent (“PAB”), where he faced 19 charges concerning breaches of professional and technical standards. The appellant was then suspended for 18 months on the ground of professional misconduct. On appeal, he denied the allegation of professional misconduct and asserted […]

Apollo Revenue Cycle

Similar to what you did with the Revenue Cycle, I want you to prepare a bridge working paper for the audit of Apollo Shoes as of December 31, 2007, listing the major errors that could occur in the purchasing system and to describe the test of controls procedures for auditing related purchasing controls to determine […]

Planning the audit

The purpose of the section is to find out the market environment conditions the company operates and establish any external influences that might affect the operations of the company. Within the framework of this section the company will get thorough market environment analysis, including key competitive issues/advantages, industry assessment and competitive assessment. Given analysis can […]

Ten Publicized Audit Failures

i. Parmalat (2003) – Deloitte & Touche Tohmatsu /Grant Thornton Misleading investors with “Brazen Fraud” was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors and banks, which then […]

Tommy O’Connelll Case Study

1. Compare and contrast the professional roles of an audit senior and a staff accountant. In your analysis, consider the different responsibilities assigned to each role, the job-related stresses that individuals in the two roles face, and how each role contributes to the successful completion of an audit engagement. Which of these two roles is […]

Kudler Fine Foods Audit Processes

Kudler’s Audit Processes Kudler Fine Food has expanded business and updated their computer systems to meet demands. As IT information is adopted within the organization, automation control processes has become more virtualized. To ensure that Kudler’s computerize systems function properly an audit must be performed on an annual basis. Management at Kudler Fine Foods wants […]

Meteor Technologies

The audit of Meteor Technologies in 1989 completed by Gilmore Bennington and Peter Zalenti of W&P had many egregious errors. Three major issues in this case will be stated and analyzed firstly. * W&P auditors’ failure to obtain competent evidence to develop a reasonable opinion. * The lack of mental independence by the auditors, especially […]

CBI Holdings

CBI Holding a New York based firm serves as the parent company for several wholly owned subsidiaries. Ernst and Young became CBI’s independent auditors and performed audits for CBI’s financial statements from 1990 through 1993. Ernst and Young failed to investigate the alleged advances and conform to clients facts which may include investigating credit limit […]

Golden Bear Golf

1. The assertions relevant to Paragon include the occurrence and accuracy of transactions, the valuation and allocation of account balances, and also the occurrence, classification and understandability and also accuracy and valuation of presentation and disclosure. In order to verify the occurrence and accuracy of transactions, Arthur Anderson should have sent out accounts receivable confirmations […]

North Face Inc. Case Study

1. Should auditors insist that their clients accept all proposed audit adjustments, even those that have an “immaterial” effect on the given set of financial statements? Defend your answer. When it comes to immaterial effect on a set of financial statements I would say that clients should not accept all proposed audit adjustments. By clients […]

Barry Minkow’s Fraudulent Activities

Barry Minkow started a carpet cleaning business in his garage at the age of 16. One year later, Barry decided that hid business does not bring him much profit and began his fraudulent activities. He was running false credit card charges on clients’ cards and check kiting. However, he was able to commit fraud on […]

Sample Audit Report with Predecessor Auditor 2011

We have audited the accompanying financial statements of XYZ corporation which comprise the statement of financial condition as at December 31, 2011 and the statement of operations, statement of changes in equity and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Financial […]

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