Essays on Accounting

Introduction This report provides the analysis of the importance of the quality audit control and identifies and describes four tenets that contribute to a quality audit. Moreover, it is briefly explaining the auditor’s responsibilities regarding the appropriateness of the quality control use and the effects it can have on the company if the auditor will...

In past decades, audit quality has undoubtedly been under question. By looking back at series of past events, it is evident that public confidence has deteriorated. The emphasis to enhance financial reports’ credibility and quality first stems from the occurrence of the global financial crisis [BerryDunn 2019], which accused auditors of not duly performing their...

Key aspect of audience : More than half of the listeners are unaware of the bias audit reports so the purpose is to make the concept of biased and unbiased audit reports clear enough. Ways of improving the audit reports aspect is briefly explained using simple terms which is easy enough for the people to...

Auditing case study: Research based on critical analysis and evaluate the key audit matters in an independent Auditor’s report. There is a need to understand the existence of the model and its importance in globalization. The basic purpose of the Auditing Standard ASA 701 contains the Communicating Key –Audit Matters in the Independent Auditor’s report....

1. Introduction 1.1 Purpose The aim of this report will be performing a critical analysis of the two companies which are listed in the Australian Securities Exchange (ASX) market. The two companies which will be analyzed are . Two companies registered under two different class of industry in ASX. Woolworths is registered as consumer staples,...

The purpose of this report is to identify and highlight the most important/key audit areas in performing the audit of financial statements of Bega Cheese Limited (hereinafter “BCL”) for the year ended June 30, 2019. The report achieves its objectives by discussing the Company’s areas of operations, laws and regulations affecting its operations, recent major...

Technology in Audit Engagements Technology in the contemporary world is advancing very fast, making it nearly impossible for organizations and professions to keep up with the current trend. The technology focuses on making life more comfortable and improving quality of life through ensuring efficient and effective operation. Unlike other professions in the world, the audit...

Subject: Audit of Dudley Health Limited for the year ended 30 June 2019 (Risk Assessment and Planning memorandum): Question 1: Fraud always has a devastating impact on businesses. Occurrence and deterrence of fraud in any organization could mean that eventually business will suffer. In case of fraud in Pellegrino Shores, where senior staff member is...

A cost benefit analysis depends and requires the calculation of the costs of operations, the investment, the total return and building a considered project over its functional life-time as well as the suggested time-stream of profits expected to accrue from the project. These timelines of costs and benefits of the project are needed to be...

Cost allocation is the appointing of an expense to a few cost articles, for example, items or offices. The cost portion is required on the grounds that the expense isn’t legitimately detectable to a particular article. Since the expense isn’t straightforwardly detectable, the subsequent designation is fairly self-assertive. As a result of the assertion, a...