This article discusses the role of external auditors in examining financial statements and promoting good governance in a business. It highlights the importance of auditor's judgement and the impact it has on investors. The article also explores the need for reliable audit reports and the steps that can be taken to improve audit quality.

Discover the importance of external auditors in financial statement examination and governance, and their impact on investors.

Audit and Assurance - Importance of External Auditors

Audit and Assurance

This article analyses the case of WorldCom Collapse and the threats which affect the overall quality of the audit of the business. It also discusses the causes for the downfall of WorldCom.

Political Science

WorldCom Collapse: Analysis of Causes and Threats to Audit Quality

This document discusses the rule and regulation of auditing services, including the external audit process, auditing standards, and the code of conduct for professional accountants. It covers topics such as the purpose of external audits, auditing standards set by the auditor general act, responsibilities of auditors to follow laws and regulations, and the code of conduct for professional accountants. The document also highlights the importance of serving the common good and stewardship in auditing services.

Rule and Regulation of Auditing Services

Finance

Principles of Auditing Assignment (Doc)

Hartpury University and Hartpury College

Literature Review  Assignment  2022

Assignment

Objectives of an Audit : Assignment

QUESTION
“An auditor is not bound to be a detective or to approach his work with suspicion or with the foregone conclusion that there is something wrong.  He is a watchdog, not a bloodhound.  If there is anything calculated to excite suspicion, he should probe it to the bottom; but in the absence of anything of that kind he is only bound to be reasonably cautious and careful”.  Lord Justice Lopes in the case of Re Kingston Cotton Mill Co. (1896) 2 Ch. 279, English Court of Appeal.

Having regard to this statement, discuss and explain what you understand to be the role, functions, powers and duties of a company auditor paying particular attention to the following issues:

1.	His “duty of care”; when it arises, to whom this is owed and the limitations this imposes on his powers and responsibilities.

2.	The impact of the “corporate governance” debate and how this current issue has affected his role and duties especially in view of the requirement for the formation of “audit committees”

Audit and Assurance

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WorldCom Collapse: Analysis of Causes and Threats to Audit Quality

Rule and Regulation of Auditing Services

Principles of Auditing Assignment (Doc)

Literature Review Assignment 2022

Objectives of an Audit : Assignment

COMPANY LAW. An audit involves the task of the verifica

Audit and Assurance

End of preview

WorldCom Collapse: Analysis of Causes and Threats to Audit Qualitylg...

Rule and Regulation of Auditing Serviceslg...

Principles of Auditing Assignment (Doc)lg...

Literature Review Assignment 2022lg...

Objectives of an Audit : Assignmentlg...

COMPANY LAW. An audit involves the task of the verificalg...

WorldCom Collapse: Analysis of Causes and Threats to Audit Quality

Rule and Regulation of Auditing Services

Principles of Auditing Assignment (Doc)

Literature Review Assignment 2022

Objectives of an Audit : Assignment

COMPANY LAW. An audit involves the task of the verifica