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Auditing essays>> only writers that know about auditing (Example)

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Name: Unit: Institution: Date: WHAT AUDITORS DO? 1. Introduction Finances are a crucial aspect of any entity and thus should be utilized in an effective and responsible manner. The demand to achieve this creates the need for keeping of financial records and preparing of financial statements in entities popularly done by the accountants. The auditors then have the duty to establish whether the financial statements are or are not free from errors. The auditor will therefore plan how to conduct the audit provide the evidence to the client and deliver an independent opinion on the findings from the process. 2. Plan audit/independence work/TB variance analysis >> talk more about audit cycle Audit planning entails strategically ascertaining what the audit is to cover and within what duration. The reason behind hiring an independent auditor or an auditing firm is to fulfill the objectives of auditing financial statements which is to the auditor the plaintiff must show that they put reliance on the report and as result suffered a certain degree of loss which they must specify in order to be awarded damages. The damages/awards may be either punitive or compensatory in nature. Compensative damages aim at reinstating the plaintiff ad are awarded when the lawsuit is brought under common law. On the other hand punitive damages to punish the guilty party. 5.Conclusion Conducting an audit requires proper strategy and utmost professionalism. It is crucial that an auditor exercises due diligence in going about the duties of stated in the engagement letter. The engagement letter should be articulate enough to address the issues that may hinder the performance of the audit. It is vital to note that negligence attracts legal liability that may be subject to damages. Auditors should at all times carry out their duties in a professional manner. [...]

Order Description:

Based on file attached ONLY create 2 essays responding the question below. 1 page per essay with 5 paragraph (introduction, 3 topics, conclusion) Essay 1) What auditors do? 1.introduction 2. plan audit/independence work/TB variance analysis 3. evidence 4. opinion letter 5.Conclusion essay 2) how conduct an audit? 1.introduction 2. Test Bases >> population, sample size 3.engagement letter> needs to be in writing. exchange with management letter. when? 4.Gross Negligence> statutary law>compensatory &puntative law 5.Conclusion very simple essay, the outline is above. only 1 page per essay.

Subject Area: Accounting

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $20

Words 550

Pages 2

Completed in 23 days

Expert Barrister001

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