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Auditing: Misstatement On Auditors

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Question: Describe about the Auditing for Misstatement on Auditors.   Answer: Introduction Auditing is an examination of books of accounts, legislative records, ledgers and vouchers for business organizations to ascertain the true and fairness in presentation of the financial statements (Caplan and Dutta 2016). Auditors are required to plan the procedures to conduct auditing for the client company that involves the several factors. Au...

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Auditing & Assurance : Pertinent Accounting Theory

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Question: Describe about the Auditing & Assurance for Pertinent Accounting Theory.   Answer: Abstract The current segment elucidates different pertinent accounting theory, auditing as well as the assurance services with special orientation to the functions of the corporation BSF Limited. The current section aims to present a detailed overview of different operations of the corporations BSF Limited; an Australia based Bioresearch C...

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International Standard On Auditing

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Question: Discuss about the International Standard on Auditing.     Answer: Introduction: In recent years the auditing profession has been encountering many criticism and difficulties, due to corporate failures or collapses which are being linked with allegations of professional negligence and breach of their statutory duties. The auditor is said to be the watchdog of financials and thus it is the duty of an auditor to exercise ...

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Audit Assurance And Compliance : Impulse Pty Limited

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Question: Discuss about the Audit Assurance and Compliance for Impulse Pty Limited.     Answer: Inrtroduction: In this given case study on Impulse Pty Limited, it is noted that Impulse is an entertainment system manufacturing company established in the year 2005. King & Queen considers as one of the independent auditing firm for the company Impulse Pty Limited starting from formulating policies (William, Glover and Prawitt 2...

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Audit, Assurance And Compliance : Easy Finance Limited

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Question: Discuss about the Audit, Assurance and Compliance for Easy Finance Limited.     Answer: Introduction: In the case of King and Queen, Easy Finance Limited (EFL) provided finance to Impulse Pty Ltd for additional working capital, but the concerned auditor provided unqualified audit report irrespective of their drop in turnover and debtor’s turnover ratio. In the recent verdicts of the courts, containing several im...

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Audit Assurance And Compliance : Impulse Pyt Ltd

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Question: Discuss about the Audit Assurance and Compliance for Impulse Pyt Ltd.     Answer: Introduction: King & Queen being the auditor of Impulse Pyt Ltd is only liable for comment provided on the audit report. In addition, the auditor mainly provided unqualified comment on the audit report prepared by the company. The auditors are mainly responsible for checking the overall liability and assets valuation conducted by the ...

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Current Research Synthesis And Implications

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Question: Discuss about the Current Research Synthesis and Implications.     Answer: Introduction: An auditor plays a major role in providing a true and fair view of the organization. Hence, the auditor must ensure that the conduct must be done in a fair manner that should not be influenced by any external or internal factors. The audited statements are continuously needed by various parties and in the event of any misconduct or p...

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Developing Quality Assurance And Improvement Program

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Question: Discuss about the Developing Quality Assurance and Improvement Program.     Answer: Introduction: In accordance with the “Generally Accepted Accounting Principles (GAAP)”, the auditors are responsible for dissecting the overall organisational data to find out any type of manipulations or misstatements, which might obstruct its financial progress. Since the auditors are responsible for depicting qualified or...

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Financial Analysis : Business Decision Guide

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Question: Discuss about the Financial Analysis for Business Decision Guide.     Answer: Introduction: King and Queen will be held liable for any losses suffered by EFL limited. It is the duty of auditor to render its services in an honest manner as he holds a fiduciary position. An auditor is liable in two cases-one is civil liability and the other is criminal liability. Criminal liability occurs when there is a dispute between ...

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Auditing And Assurance Services : A Systematic Approach

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Question: Discuss about the Auditing and Assurance Services for A Systematic Approach.     Answer: Introduction: Auditing is the verification of the accounts and the report prepared by the auditors forms an integral part of the financial statement being audited. Qualified and unqualified audit report is two types of the audit report prepared by the auditors. Qualified audit reports comes with the limitation in the scope of the w...

Read More arrow Tags: Australia Lakemba Finance HI6026 Audit  Assurance and Compliance  University of New South Wales (UNSW)  Assurance and Complianc 
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