Introduction Auditor liability has always been one of the main concerns of the public. Often falling under common law, tort law or both, public liability claims can arise out of unfair or unjust practices when it comes to auditing a company’s financial standing (Lambe, 2007). The auditors can be held liable for approving a fraudulent […]
Date: March 13th, 2024
The word of ‘INDEPENDENCE’ is defined as ‘freedom from situations and relationships which make it probable that a reasonable and informed third party would conclude that objectivity either is impaired or could be impaired.’ (Anon, www.europeanlawyer.co.uk) [Online]What Citation Styles Can You Use for My Essay?Students often ask, “Can you write my essay in APA or […]
Date: January 22nd, 2024
Introduction The issue of “audit expectation gap (AEG)” has been very significant to the accounting profession since mid 1970s and continues to be debated until today. In the 1970s and 1980s, massive corporate failures have caused the accounting profession to be severely criticized by the public. For example, in 1973, Equity Funding – an insurance […]
Date: December 22nd, 2023
Study suggests that many companies use standard accounting to determine costs and for measuring performance. However, there has always been speculation on standard costing being the most effective measurement. The actual cost usually differs from the standard costs, which is based on calculations and assumptions. Standard accounting takes into account various factors like price, specifications, […]
Date: December 18th, 2023
Accounting rules and regulations are a ‘mish-mash of rather conflicting concepts'(e.g. relevance and neutrality), giving managers discretion in deciding which principle to and not to apply(1). Profit is no simple figure which can be computed easily(2), infact it is a thorough process of naming and counting(3); identifying, calculating and summarizing many references generated. Some of […]
Date: December 2nd, 2023
As part of business studies, we must need to have knowledge on this subject. Today business environment are very dynamic, competitive and even complex and in order to survive and run a business successfully in this climate. we need to have sufficient experience and knowledge in term of management accounting which are related to business. […]
Date: November 25th, 2023
2.1 Computer Auditing 2.1.1 The introduction of automated Accounting Information Systems In earlier times, when all accounting information was processed and recorded in financial statements manually, it was relatively easier for the auditor to observe the audit trail as all evidence was produced in a manual/physical format. At that time, Information Systems (IS) were only […]
Date: October 25th, 2023
This research is basically to access and analyse the threat to auditor independence and impartiality. This is crucial because the position of an auditor when auditing a financial statement will determine if he or she will be independent and impartial when drawing a conclusion on a financial report. This is why this research is very […]
Date: October 5th, 2023
Rules-based accounting is generally a list of detailed rules that must be followed when preparing financial statements. Principle based standards derive from a conceptual framework that provides for broad ‘principles’ to be adopted within standards and also requires professional and managerial judgment in relevance to particular transactions and events. US secretary Heary Paulson had once […]
Date: September 26th, 2023
Company history American International Group, Inc is a company whose operation began back in 1919. It was established back then by Cornelius Vander Starr as an insurance agency in Shanghai, China. AIG left china in 1949 after Starr had established himself as the westerner the sell insurance to the Chinese people. AIG headquarters then […]
Date: September 16th, 2023
