Sign In
Not register? Register Now!
Essay Available:
You are here: HomeEssayAccounting, Finance, SPSS
Pages:
3 pages/≈825 words
Sources:
5 Sources
Level:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 14.04
Topic:

Analyzing Auditing Reports (Essay Sample)

Instructions:

Analysing an auditors' report and identifying the gaps in his reporting that ought to be their for the report to be reliable

source..
Content:


Audit Reporting Requirements
Name
Institution
Course
Professor
Date
Audit Reporting Requirements
Introduction
Auditor’s report is made by a qualified auditor after a thorough examination of all necessary documents that form part of the basis on hich he will base his opinion. Auditors can render varied opinions which may include unqualified opinion, qualified opinion, a disclamer of adverse opinion depending on the information they obtain after independent examination of all documents and disclosures of a firm. International Auditing Standards dictate that every auditing exercise and generation of an audit report must conform to specific audit reporting reporting requirements. The audit report developed by Raphael and VanFyck, LLP lack some vital reuirements which are discussed here in.
Statement idenifying each financial statement and any related schedules that ought to be audited
The auditing firm has not clearly stated the types of financial statements which were audited. The auditor has not mentioned statement of comprehensive income, statement of financial position, statement of cash flow and statement of shareholders equity. The statement to be included is “We have audited statement of comprehensive income, statement of financial position, statement of cash flow and statement of shareholders equity”
Critical audit matters

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Feasibility Analysis of Crystal Inc.
    Description: Feasibility analysis is important for any start-up business to look at all the involved aspects critically and ensure that the business is heading to the right direction. Many small businesses fail due to lack of carrying out an effective feasibility analysis that identifies the potential opportunities...
    4 pages/≈1100 words| 2 Sources | APA | Accounting, Finance, SPSS | Essay |
  • The Capital Structure of Microsoft Corporation
    Description: Capital structure of a corporation involves the use of its relative debt and equity in order to finance its operation. The more the debt involved the higher the firm’s earnings stream riskiness. A very high return rate is expected, bearing in mind that stocks price will be lowered due to huge debt...
    6 pages/≈1650 words| 8 Sources | APA | Accounting, Finance, SPSS | Essay |
  • Accounting for Investment Securities
    Description: Investment securities are financial assets that can be traded, and they include equities of fixed income instruments. Tradable financial assets are usually made with one objective to make long-term profits. There are other forms of investment securities as far as equities are concerned. For example, debt...
    3 pages/≈825 words| 3 Sources | APA | Accounting, Finance, SPSS | Essay |
Need a Custom Essay Written?
First time 15% Discount!