Financial audit

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  • Financial Audit Program: Hollate Fraud Auditing

    Dage Michael Martinez Fraud Auditing May 1, 2016 Fraud Audit Program: Hollate Assess: Fraud: Type/Scheme Control Opportunity Occurs/Fraud Scenario Concealment Red Flags Conversion Journal Entry Scheme The scheme likely occurred due to management override of controls. Strengthen controls to discourage management override may prevent this from happening again. CFO is creating journal entries to increase company inventories and decrease costs of goods sold. Internal audit team was required to meet directly with CFO and the CFO required the internal audit team to work on acquisition related projects to keep them unaware about what had been going on. Internal audit team reports to CFO. Internal audit team focuses mainly on operational controls…

    Words: 1732 - Pages: 7
  • Who Is The Big Four Largest Financial Audit Group?

    KPMG is one among the Big Four. The latter designates the four largest financial audit groups worldwide that are Deloitte, Ernst & Young, PricewaterhouseCoopers and KPMG. In fact, the company's name stands for Klynveld Peat Marwick Goerdeler which is a merger between two auditor companies Klynveld Main Goerdeler and Peat Marwick. Actually KPMG is operating in 152 countries. Each national firm is an independent entity that is part of the universal KPMG network and so member of the KPMG…

    Words: 1386 - Pages: 6
  • Texas Public Accountacy Administration Case Study

    The rule of Texas Public Accountancy Administration (TPAA) prohibits Certified Public Accountants (CPA) in Texas from advertising their tax services to the person whose name is on the IRS’s potential audit list within 30 days following the date of publication. This case raises a question whether the TPAA’s policy of banning CPA’s solicitation to potential customers violates the right of free speech under the First Amendment. We hold the opinion that the policy is unconstitutional in serving the…

    Words: 1735 - Pages: 7
  • UNLV Accounting Case Study

    true. Accounting is a diverse field with a plethora of different responsibilities that range from investigating tax fraud in large corporations to providing critical analysis of data to financial decision makers. Despite the wide range of jobs in the accounting profession, UNLV’s accounting major prepares its students for any direction they wish to take with a wonderful array of internships, clubs, and programs. According to the Oxford Dictionary, accounting is “the action or process of keeping…

    Words: 1397 - Pages: 6
  • The Importance Of CPA Oath

    reasoned text, explain why you wrote the CPA Oath as you did. How does your Oath answer to the needs of the profession? The Certified Public Accountant (CPA) is a financial profession which serves to a wide range of client base and provides a variety of services to businesses. Predominantly, CPAs have a fiduciary duty towards the public as the sole reason behind the origination of CPA profession was to provide the investors and shareholders an independent and objective view of accounts of the…

    Words: 792 - Pages: 4
  • Case Study: A Career In Forensic Accounting

    Examiner, CFE, and Certified Public Accountant, CPA, is also suggested. The CFE certificate does have a requirement of extra course studies and an exam on top of the normal CPA exam. Job Details The work that a forensic accountant does can range from helping auditors with their jobs to helping with the setup of risk management and reviewing the controls set up in the financial and accounting departments. They can help look for gaps and weaknesses and help strengthen them by implementing programs…

    Words: 855 - Pages: 4
  • Why We Hate HR, By Keith H. Hammonds

    “Why We Hate HR” is an paper, written by Keith H. Hammonds, that has four main points that support the title. The first point states that human resources (HR) personnel are not the smartest. Hammonds goes on about how the people that end up in HR are people that do not understand the business. Hammonds’ second point is “HR pursues efficiency in lieu of value.” Hammonds suggests that there is no point in doing activities unless they add value. The third point is about how HR people do not take…

    Words: 1170 - Pages: 5
  • Reflective Essay On Customer Service Role

    help gain an educated insight to crisis situation. As a result, I have been able to offer suggestions that can be used to rectify a situation in which medication was wrongly prescribed to a Service User. Working in Human Services, I demonstrate the ability to value individual difference and communication barriers through continual interaction with the Service Users. I do this through offering time to listen to their views and perspectives and acknowledging the information provided. As a…

    Words: 1296 - Pages: 6
  • Aicpa Case Study

    transfer of financial assets account to somehow make their financial statements materially misstated by designing and executing auditing tests. As I stated before DOW trades accounts receivable with many third party clients and conduits, in effect making the transfer of financial assets section of their company to be very complicated and susceptible to fraud. When an auditor is approached to complete an audit of DOW’s transfer of financial assets, there are a few steps that need to be taken in…

    Words: 1403 - Pages: 6
  • Pass/Failure Audit Case

    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 ensure that greater transparency has the desired effect of increased investor confidence and does not open up the firms to additional litigation. On November 13, 2003, the American Assembly gathered in Virginia and proposed that in exchange for greater…

    Words: 1504 - Pages: 7
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