Audit Essay Examples - Free Research Paper Topics on StudyDriver.com

An Audit is an Examination

Sarbanes-Oxley Act An audit is an examination and verification of a company’s financial and accounting records. It also supports documents by a professional, such as certified public accountant. Until the 90’s, the audits did not focused on controls like they do today. Because of the early 21st century scandals of Enron Corp, WorldCom Group Inc., and Tyco International the investors trust in the United States corporations started to diminish. These scandals occurred because the major accounting firms failed to detect […]

Corporate Citizenship Audit

Tesla’s CEO Elon Musk has recently made a tweet suggesting that he was taking the company private once stock hit $420 per share. This has caused uproar with the Securities and Exchange Commission (SEC). The central concern for the SEC is that Musk made it seem like he already had the money lined up and the price confirmed, with a shareholder vote being the only thing standing between him and privatizing Tesla. (Irfan 2018). Since this tweet has caused so […]

Government Procurement Audit in Thailand

The main audit objective is to ensure that the procurement of goods and services including public works achieves its goals and is in compliance with relevant law and regulations. In addition, it needs to be transparent, freely competitive and worthwhile. The auditing public procurement (purchase, hire, rent, etc.) consists of three main phases as following: Audit of the procurement plan Audit of tendering and awarding processes Audit of contract management In the first phase (Procurement Plan), the auditor will review […]

Applying a Business Risk Audit to Intercontinental Hotel

Risk is inevitable in any business or entrepreneurship. When a business is launched, then some positive outcome is expected; yet there are always chances for negative results. The purpose of this assignment is consider the ways of forecasting and identifying risk and managing it, i.e. reducing or eliminating possible risks or finding ways for an entity to revive from the damage brought about by risks as soon as possible. All the above mentioned is subject of audit also considered in […]

Buds Big Blue Manufacturing Case

1. ) After performing any alternative procedures, the auditor should evaluate the combined evidence provided by the confirmations and the alternative procedures to determine whether sufficient evidence has been obtained about all the applicable financial statement assertions. In performing that evaluation, the auditor should consider (a) the reliability of the confirmations and alternative procedures; (b) the nature of any exceptions, including the implications, both quantitative and qualitative, of those exceptions; (c) the evidence provided by other procedures; and (d) whether […]

Financial Scandals: the Implementation of the UK Corporate Governance Code

Introduction Financial scandals of a business would happen through complex methods of misusing funds or giving incorrect information to mislead public and many others way. The occurrence of financial scandal had brought huge impact to the economy, the revenue of the economy was reduced drastically, escalating unemployment rates and local governments suffer huge losses prior to these financial scandals. The confidence in the business system has been weakened by these incidents and people broached questions with regard to the effectiveness […]

Minority Shareholder Watchdog Group

Introduction There are two types of shareholders, namely the majority shareholders and the minority shareholders. Minority shareholders refer to those who own less than 50% of the company’s shares and thus do not possess voting power in the company. Generally, those who have shares in a company must follow the majority rule. However, the law has granted several rights to the minority shareholder to protect their interests. There are three basic rights of minority shareholders, namely, right to seek information, […]

Gas Market Reformation

ENERGY LAW-GAS MARKET REFORMATION Distribution Grid of Natural Gas It is the grid which is developed or is going to be developed in accordance with approved program of development Natural Gas Distribution Companies The companies which occupy with issues of natural gas distribution grid. Regulatory Authority of Energy (RAE) The Regulatory Authority for Energy (RAE) is an independent administrative authority, which enjoys, by the provisions of the law establishing it, financial and administrative independence. RAE was established on the basis […]

Financial Audits as a Fraud Prevention Mechanism in International Enterprises

In the last decade, international financial system has been hit several times by many different gigantic occurrences. The soonest was the subprime mortgage crisis, but the situation this dissertation will be concentrating is the failure of Enron. Mainly because the aim of this paper is to present financial audit as a fraud prevention mechanism, not the opposite. It will show relevant evidences that will try to figure out what was the main and real reason for the failure, as well […]

Examining Corporate Governance Initiatives in Malaysia

In an effort to restore public confidence of the Malaysian capital markets, following the East Asian financial crisis in the late 1990s, the Malaysian government intensified several initiatives to promote awareness, advocacy and actions (S. Susela Devi, 2003) to enhance corporate governance in Malaysia, with prioritized focus on the capital market. Table 1.1 in Appendix I provides a chronological list of corporate governance initiatives in Malaysia. According to Abdul Hadi bin Zulkafli et al. (2000), the main sources of corporate […]

Immense Cooperation and Support

The Quality Sub Manual has become a reality with the immense cooperation and support of noble persons of this college. We have great pleasure to acknowledge the help and support rendered by Dr Shakir Al Mosouli, Dean of Al Musanaa College of Technology, by furnishing valuable suggestions and materials required for completing this manual. Dr Mohammed Hassan, Assistant Dean for Administration and Finance affairs of the institution has to be acknowledged with gratitude for the timely advices and involvement in […]

Audit Essays