External validity

Professional scepticism is an attitude or mindset that is used by auditors when conducting an audit. It is used in order to help the auditor assume a position that is objective and unbiased throughout the audit. It is viewed by many within the auditing profession as an essential quality that the auditor must possess when conducting audit and can be a major factor in audit quality. But it is not the only factor when it comes to obtaining high audit quality, with audit quality itself be hard to…

As any other career path one is always faced with decisions, pressure, and stress. However, it’s how one manage these challenges that makes us who we are and defines our identity that one builds for themselves. As an audit one encounters these at every second of their live. An audit is seen as the problem fixer in any corporation or firm, but the steps that they take to fix the problem is the assets that sets them apart from others in their work environment. To learn more about how this asset…

conflicting guidelines from different jurisdictions. Harried security officers routinely spend so much of their time responding to current risks--such as employee theft, sabotage, social media risks of revealing too much information and other internal and external threats that they 're not able to develop proactive strategies…

Question 3 Priority Problems The two priority problems for Mr. Jensen are poor peripheral circulation and pain. Poor peripheral circulation is present as evidenced by assessment data gathered such as cool extremities, diminished peripheral pulses and swollen leg. In this situation, it may be due to health issues, such as obesity, hypertension or hypercholesterolemia and diabetes which may be all present in the patient considering his history. According to UK GP Research Database, a retrospective…

qualified accounts, only need to be qualified from Chartered Institute of Internal Auditors although internal audit is not mandatory for listed companies while external audit is. Depending on the situation of the company, internal audit might be more forensic, recognizing problems and opportunities with your policies and procedures, while an external audit might fixate on validating the numbers and the company pursuing standard accounting procedure. (Lewin,…

MEMORANDUM Writing project 1：Hypothetical 1 TO: Charles Croft FROM: Iceman (Tianjue Tao) DATE: 10/19/2017 SUBJECT: Errors in Client Recommendation and Suggestions I discovered some statistical errors when I dou¬¬¬ble-checked the research for the client proposal. If these errors would change our findings and recommendations to the client, we should amend the mistakes immediately. Otherwise, our client may not only suffer substantial losses, but our firm may even lose business. Under these…

Independence is a critical element CPA’s must consider while completing auditing services for clients. The importance stems from the basic purpose of auditing. To provide an expression of opinion on the fairness of the presentation of the financial statement requires the auditor to be independent both in fact and in appearance. In terms of independence in fact, an auditor should not own stock in the company which he or she is auditing. If the auditor recognizes that the company did not have a…

Evidentiary privileges shall be governed by the principles of the common law in the light of reason and experience. It is aimed to encourage full and frank communication between attorneys and their clients to promote public interest in the observance of law and administration of justice. Attorney-Client Privilege It is the Client’s right privilege to refuse to disclose or prevent others from disclosing confidential communications between the client and the attorney. Here, Carolyn (C) hires…

1. Introduction The auditor 's report is one of the crucial means by which the auditor provides a judgement and acceptable assurance on the financial statement to investors and other users of financial statements, which has not changed much since the 1940s. To correspond to the size and complexity of markets that have greatly increased in the past seventy years, and to attract a greater percentage of households to invest in the stock market, a new auditing standard and related amendments to…

Today, many non-profit organizations mistakenly assumed that their employees and volunteers wouldn’t steal from them. Several organizations have been misguided in setting up controls with regards to safeguarding funds. Many non-profit organizations become breeding ground of fraudulent activities because of this lax control (Yetman, 2008) Implementing and monitoring good internal control management will help to guarantee that nonprofit organization reach their objectives, for example by providing…