Auditor's report

Summary of District Audit In 2015, the Legislative Joint Auditing Committee audited Hector School District. In the Summary of Auditor’s Results and Financial Statement Findings, the auditors did indicate a material weakness in internal control. Here, the specific requirement noted that management is where the responsibility falls for implementing sound accounting policies and maintaining internal control over financial procedures that are consistent with their own assertions found in the financial

Introduction Investors and other financial statement users receive information regarding an auditor’s work, concerning a company’s financial statements, through an audit report. In the United States, the audit report has changed little since the 1940s (PCAOB 2013b). Currently it, “identifies the financial statements that were audited, the scope and nature of the audit, the general responsibilities of the auditor and management, and presents the auditor 's opinion as to whether the financial statements

ACC 4291 – Integrated Case Study Case Analysis Report on Flat Cargo Berhad: An Auditor’s Conundrum Group : KHADIJAH Masita bt Abu Bakar 0921714 Arnianty bt Amirbak 0810192 Nik Nur Wahidah bt Nik Zainal Abidin 0928160   ACC 4291 – Integrated Case Study Case Analysis Report on Flat Cargo Berhad: An Auditor’s Conundrum Group : KHADIJAH Masita bt Abu Bakar 0921714 Arnianty bt Amirbak 0810192 Nik Nur Wahidah bt Nik Zainal Abidin 0928160 Synopsis Flat Cargo Berhad (FCB) was a listed

The way in which audit reports have been documented and presented has slightly changed since the 1940’s whereby the use of guidelines as provided by GAAS (Generally Accepted Auditing Standards) in the documentation and reporting of the report is still in use. The system used for reporting under GAAS within the United States is the pass/ fail model which analysts believe to be a very useful tool for concise and clear assessment of a fair reporting of the audited financial statements of a company.

revenue which can be used to subsidise the audit firm’s investments in knowledge and systems, and streamline the audit. The main disadvantages of audit firms providing services to their audit clients relate to potential adverse effects on the auditor’s independence. The auditor could be unwilling to provide services which would reduce their audit fees or cause the client to seek another auditor. The auditor could be unwilling to criticise something to the client which was provided by their consulting

Clearwater Lake Road Ocean City, Florida 33140 Dear Mr. Phillips: This letter is to confirm our understanding of the terms of our engagement as the auditors of Ocean view Marine Company for the year ended December 31, 2015. Services and Related Report As you have requested, we will audit the financial statements of Oceanview Marine Company, which comprise the balance sheet for December 31, 2015, and the related statements of income, changes in stockholders’ equity, and cash flows

PROFESSIONAL MISCONDUCT By: Mrs. Surbhi Bansal M.Com., FCA Sec.2 (2): Members deemed to be in practice: If he i) Engages himself in practice of accountancy, or (ii) Offers to perform audit related services or holds himself out to the public as an accountant, or (iii) Renders professional service or assistance in Matters of accountant interest etc., or, (iv) Renders such other services which as per opinion of the council, to be rendered by C.A. in practice. (Mgt

Financial Systems and Auditing: Contributing to the planning and conduct of an audit assignment and preparing audit reports. Q 1 Report on the auditing function (i) Legal duties and status of auditors 1. A company’s auditor shall I preparing their report, carry out an investigation: - whether proper accounting records have been kept by the company and proper returns adequate for their audit have been received from brunches not visited by them - whether the company’s individual accounts

fraud detection in firms (Fullerton and Durtschi, 2012). This is one of the key inputs into the factors that drive audit quality as external auditors rely on inputs from internal auditors in obtaining the evidence they require to produce the audit report (Fullerton and Durtschi, 2012). Internal auditors are as per Fullerton and Durtschi (2012) obligated to be alert to the signs and possibilities of fraud. External auditors focus on misstatements in the financial statements that are material in

Case – 7-54 "Going Concern" Please respond to the following: From the e-Activity, analyze the auditor’s responsibility to determine if a company can continue as a going concern. From your analysis, propose at least two (2) key factors that the auditor should consider when determining an entity’s ability to continue as a going concern. Provide a rationale to support your proposal. SAS 59, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (AICPA, Professional Standards