--%>
Assignment Help - homework help

Audit

 

A term usually referring to a financial audit is a set of procedures performed by accountants from a certified public accountant (CPA) firm. The procedures are designed to investigate and verify the accounting information that manage- ment puts in financial report. When the audit is completed, the accounting firm issues an opinion on the fairness of the financial statement, not on how well the company is performing. The Exchange and Securities Commission require all companies that have publicly traded stock to present their annual financial report with audited financial statement. The financial statements are supposed to give investors the information necessary to evaluate the company's performance and make good invest- ment decision. The audit lends credibility to the financial state- ments presented by managers of the company. Many financial institutions also require audited financial statements before lending money to an entity.

 

 

 

 

   Related Questions in Auditing

  • Q : Explain Marketing Audit Marketing Audit

    Marketing Audit: One of the most fundamental parts of marketing planning process is marketing audit. It is conducted both at the beginning of the process and also in between the series of points during the implementation of plan. Both internal and ext

    		•
  • Q : How to do an internal audit successful

    Elucidate how to do an internal audit successful?

    		•
  • Q : Techniques of audit Write down the

    Write down the techniques which are used throughout an audit?

    		•
  • Q : Explain Audit Controls Audit Controls :

    Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however a

    		•
  • Q : Company name: EMPIRE OIL & GAS NL The

    The length of the writing / reportmust not exceed 1000 words. Words in Bibliography or Reference Lists section are not included in the word count. 3 marks will be given for the contents (sources and understanding of industry and able to link audit objectives with findings); 1 mark will be given ba

    		•
  • Q : Explain the term vouching Briefly

    Briefly explain the term vouching ?

    		•
  • Q : Business-Government-NGO-Professional

    What are the difference between Business versus Govt. versus NGO revenue versus Professional revenue?

    		•
  • Q : Liability of Internal Audit Charter

    What is the liability of Internal Audit Charter?

    		•
  • Q : Audit A term usually referring to a

      A term usually referring to a financial audit is a set of procedures performed by accountants from a certified public accountant (CPA) firm. The procedures are designed to investigate and verify the accounting information that manage- ment puts in financial report. When the audit i

    		•
  • Q : What are Internal Controls Internal

    Internal Controls: Internal control includes the plan of organization and all of the coordinate techniques adopted within a business to defend its assets, ensure the accuracy and consistency of its accounting data, encourage operational efficiency, an

    		•