Essay on The Auditor Book Summary

Hilton, R. (2011). Managerial accounting: Creating value in a dynamic business environment (9th Ed.). McGraw-Hill. Hardcover ISBN: 9780073526928.

a first-time in-charge to have a client contact that can help you avoid blowing the budget.

On Wednesday, February 24, 2016, I conducted an interview with Professor Clarissa Wilkerson, JD, CPA. As an accounting major, I am extremely interested in pursuing a career in accounting and am a student in Professor Wilkerson’s class. Her enthusiastic personality continues to inspire me to pursue a career in this field. After explaining my career goals and the details of this assignment, she gladly accepted when I asked if she would be willing to conduct an interview to help me complete this interview report. Professor Wilkerson received her Master’s degree in Taxation from Georgia State University. She is also a licensed Certified Public Accountant (CPA), and has considerable experience in the field of accounting. A few of the topics we discussed were: the importance of teamwork, the way technology is changing accounting, the value of understanding finance and economics in relation to accounting, and the usefulness of receiving a degree in accounting and earning a CPA license.

The goal in the life of a college student is graduating and getting the dream job in the career field that is chosen. To achieve this goal takes more than just having the knowledge and heart for the career; it also takes technical skills to be able to perform the tasks. The Auditor: An Instructional Novella stretches beyond the standard textbooks to reveal the principles and practices of auditing as they are in the real world. The book consists of a few key aspects such as: targets students’ natural curiosity about the field of accounting, supports traditional teaching tools, shapes the potential challenges that awaits public accountants.

The story begins with a nerve filled morning for Jack Butler. He is one of three managers who are being considered for

The story begins with Jack’s promotion to partner and how it was bittersweet for him. Jack is excited for the promotion, but is also nervous about the extra responsibility partners have and the stress it can bring on family life. He is also upset because his friend Don was considered for the promotion too, but was turned down. In these chapters, Loebbecke shows the good and the bad that

On what’s known to be “Day one”, in the book, Jack is out and about shopping for some placemats. He was the “stay at home dad” in the book, ever since he had lost his computer-related job, in which he was exceptionally successful. After learning his boss was cheating on his wife, and also stealing work from the company to sell, he tells a board member, who was in on the deal. He instantly gets fired and marked as an awful employee who was part of the scheme, this being so no one else would hire him.Adding onto that, his attorney, and friend, had told him to leave as quick as he could, but he ignored this. However, his wife, Julia, is Vice President of another computer-related company name Xymos. As Julia becomes to get more involved in her job, Jack realizes her growing away from not only him, but the rest of their family, too. Of course he thought this was an affair, but later on he realizes it was her becoming excessively involved in a project at work.

In the end Jack leave his work and drive with Katy to Fountain Lake, and he has been waiting for that in a long time. I think in the end when Jack goes with Katy he feels happy and free. He lets go of all his worries and problems, and did not look back, and finally enjoys himself. He achieved the two things he wanted, he moved out of his parent’s house, and he has Katy on his side, and they are going to Fountain Lake, and for doing that he left his work. in the end he

.01 As professionals, certified public accountants perform an essential role in society. Consistent with that role, members of the American Institute of Certified Public Accountants have responsibilities to all those who use their professional services. Members also have a continuing responsibility to cooperate with each other to improve the art of accounting, maintain the public 's confidence, and carry out the profession 's special responsibilities for self-governance. The collective efforts of all members are required to maintain and enhance the traditions of the profession.

Part two, entitled auditor independence, helped create a statutory code of ethics for public accounting firms. New, specific regulations were set up to dissuade ethic violations. A list was created of consulting services that audit companies cannot perform for companies that they audit and senior management conflicts were resolved by not allowing audit firms to audit if a senior manager was a former employee of the audit company. Auditors were required to rotate the companies that they audit every five years and auditors must report to an audit committee. Laws and regulations for accounting firms were encouraged. (Jennings, 2012)

Identify the control objectives that would be satisfied by the recommendations the internal auditors proposed during the 2014 audit. Explain how each objective would be met by the recommended procedures.

Abstract Eugene Flegm has a long history in the field of accounting. He has seen a lot over the years and has come up with four paradoxes which accountants deal with. Of the four paradoxes, two of them have a direct correlation with leadership and management. The paradox of balancing “soft” skills and technical skills is the first paradox. The paradox of the education of accountants is the second paradox that deals with leadership and management. This essay will consist of defending Flegm's paradoxes while bringing in other sources to help the argument.

- Accounting Education- Its Current State and Criticisms……………….5 - Incorporating Critical Thinking Skills into Accounting

1)” Based on the information given in this case and your knowledge of auditor’s reports, identify the deficiencies in the draft of the proposed report. Do not redraft the report, but provide justification or explanation for each of the deficiencies you identify” (Pany, Auditor's Report, 2010).

During my time at Accounting Firm X I learned many lessons that apply not only to accounting and the principles and practices associated with that subject, but also to life as a professional in a real world work setting. The purpose of this essay is to highlight my experiences at Accounting Firm X to shed light upon key learning experiences that can contribute to a holistic educational experience. In this essay I will first describe my goals and expectations. Next, I will go in to detail about my daily routine and how these exercises contributed toward the overall experience. I will then explore the overall lessons learned from my time spent at the firm.