Category: Audit

Auditing as a profession is fundamental all around the world to many different stakeholders. It is a profession that also allows accountability to be taken on the true reflection of financial statements. Solicitors in the legal profession carry out work on behalf of the client whereas the auditor works to provide an independent opinion of…

Introduction and breakdown of the theory Even though there are differences in the definition of the audit expectation gap, one can argue that the universal understanding of the expectation gap is that there are differences in what a user expects auditors to be responsible for in their work in terms of scope and performance and…

INTRODUCTION TO KNOWLEDGE AUDIT Currently all the organisations are adapting to knowledge management system and knowledge audit methodologies for the effective usage of knowledge in the growth of organisation. It also helps in effective decision making at the time of need. A knowledge audit is a process which is used for identifying and accessing the…

Audits-of-place provide valuable data that can bridge the divide between health determinants and the design of built environments. This report discusses the role of auditing in developing healthy and sustainable places. It begins with a case-study of the Healthy Built Environments Program (HBEP) audit tool as used in Higgins, ACT. The methodology of the audit…

Abstract In this paper we will look at the connections between the reputations of auditors and their clients. In my research I have found in several research papers that the clients of the same auditor have very similar histories of misconduct. It is easily deduced that a clients misconduct history and reputation is almost as…

Abstract We will talk about the definition of Audit and then will continue with its importance and objectives and then go to main research title which is The Different Types Of Audit and speak about everyone of them in details. the objectives of the audit can be categorized into (primary objectives, and subsidiary objectives). And…

Executive Summary The main purpose of this report is to gather own personal skills, which can help to evaluate what has been learnt and plan how to develop more or improve them. Methods including analyse experiences before and during university to identify skill areas which relate to personal and professional development. Different people have their…

This essay will critically discuss and evaluate auditing theory in relation to the audit industry by paying particular attention to Flints postulate; the essential distinguishing characteristics of audit are the independence of its status and its freedom from investigatory and reporting constraints . Primarily this essay will investigate how this postulate is linked to the…

Introduction Developments in auditing have always been driven by corporate scandals (Economist, 2018). Huge scandals such as Enron and WorldCom, that left the world without confidence for the audit sector, led the FRC to tighten regulations. Most recently, the collapse of Carillion and BHS and the almost failure of Patisserie Valerie have come to light.…

Introduction Ethics is a system of moral norms for individual or any social or professional group. The term ‘Medical ethics’ is known for a very long time and the role of an auditor could be easily compared with the role of a doctor. Only with a difference that auditors beneficial effect is not aimed for…