External auditor

Yes, an auditor is going to enforce the standards set, and they are going to enforce all other regulations that are set in place so that the public does not get misled. My main mission will not be to find something wrong to get someone in trouble, my priority will…

Part C. Monitoring, Auditing, Reporting Excellent management requires an organization to recognize that their ethics and compliance guidelines affect every decision and activities of the company. Therefore, it will guide the train of thought and action that will help develop the culture of the business in a subtle manner. An important factor for an ethics and compliance program is to include processes to measure its performance. The following will explain the processes AlphaTech will use to…

1. The issue of auditor liability is detrimental to the profession and requires serious examination by regulators and lawmakers alike. Any one of the Big 4 could easily collapse should the full amount of any one of their lawsuits be awarded. Auditor liability becomes an even more poignant issue if new auditing standards are enacted that permit ranges of balances on the financial statements. This would highlight the inherent limitations of financial reporting. As a profession, we need to…

consider that the smallest inconsistencies are caused by someone trying to fabricate a plot to steal. A fraud examiners job is to study every inconsistency to uncover any fraudulent crime committed. 3. In an attempt to identify possible suspects, the auditors researched the personal files of every employee in the department. What things might they have been looking for to help them identify possible suspects? They were looking for people who might have a motive to steal from the company…

According to section 301.4 of SOX 2002, the public company audit committee is required to implement procedures for the receipt, retention, and treatment of complaints received by the whistleblowers concerning auditing matters, internal accounting controls, or accounting. Also, the complaints have to be treated confidentially by the audit committee by making whistleblowing procedures for the submission around dubitable accounting or auditing matters to be anonymous. To encourage this, the audit…

After stepping into Major Warren’s position, there are several considerations that could be made and certain activities that could be done differently from his initial implemented plans. When preparing for such an extraordinary meeting, it is important when the planners consider other factors apart from the intelligence reports that are available. As a planner of such an event of this magnitude, the first thing to do is to assess the past events that have taken place in the country of such…

different careers and titles; there is tax accountants, forensic accountants, financial advisors, and auditors. This essay will discuss what the PCAOB does, some consequences if firms do not do their audit correctly, a recent lawsuit, and what they did in result after the lawsuit. Like other accounting firms, the PCAOB has several duties. One of their main duties is to provide oversight to auditors of public companies; establishes auditing attestation, and qualify control standards for public…

. In May 1984, he borrowed money from a co-worker and bounced several checks trying to repay him. In July 1984, Pollard’s supervisor received a letter of indebtedness from the Navy Federal Credit Union reporting that Pollard was delinquent in repaying a loan. His supervisor failed to report the letter to the OIC and did not record the financial troubles in Pollard’s file. In post-arrest interviews, Pollard claimed to have perceived anti-Israel/anti-Semitic sentiment from coworkers and…

Abstract: A truck scale fraud occurred in Pratt Recycling recently. There was collusion between the scale operator and several peddlers. The operator overstated the net weight information on the weight tickets and would create fictitious weight tickets when no weighing had taken place. Pratt started to require more documentation from peddlers and updated an automated scale system. Moreover, Pratt strengthened its monitoring process and adopted other internal control methods. Also, Pratt…

Gross Profit Reflection Paper When an organization face a froud, it is not an error for the guilty person; this is more a mistake from the own organization system. it might sounds conflicted, however, the management of the sytem is not well monitores or prepared for any mysterious activity. Of course there are several activities that an organization is not able to notice them because we are more concern and worried for those top amd big mistakes instead of the little ones. I have to mention that…