Essay about Survey of Accounting Week 1 Management application

Submitted By realliam1

Words: 329

Pages: 2

Open Document

Ethics and Governance: Auditor Independence
William Robertson
Keiser University
Dr. Bunney Schmidt
Survey of Accounting
March 16, 2013

MAI-57 Ethics and Governance: Auditor Independence
Consulting fees can affect audit independence by causing auditors to sway their decision making due to the monetary income. Audit independence is based on an agencies ability to make hard but sound observations of a company’s financial conditions (Easton, et al, 28). Payment for such services has gain debatable opposition on their ability to stay focused on the job. If a consulting or auditing agency charges fees for their service, this becomes an important source of income. The larger the fees or contract, the less likely a consulting or auditing agency would stand against or make known, the company they audit, misstatements on their financial documents (Easton, et al, 29). Basically, an indirect form of bribery may ensue if large fees are applied, and could be a threat of going away if a negative audit results.
Bribery brings up other conflicts of interest. Many conflicts could arise. The auditing representative could have financial interest in stock and shares of the audited organization. The auditing representative could have some biasness toward the organizations such as a friendly relationship or the complete opposite. Internal auditing tends to face this issue of biased auditing. The auditing or consulting agency could experience a greater fear

Risk Forecasting Syllabus Essay

Length: 12 Weeks + 2 non-class weeks (1 July & 2 September) Textbook: Crouhy, M., Galai, D., Mark, R. (2005) The Essentials of Risk Management. McGraw-Hill. ISBN: 978-0-07-142966-5 Assigned readings Prerequisite: MA340 or equivalent Course Description: Risk Forecasting exposes the student to contemporary theory and pragmatic approaches to projecting the possibility of risk and loss in business operations. This course presents Enterprise Risk Management with a focus on the…

Words 1012 - Pages 5

Feasibility Study Essay example

BACKGROUND The United States has a quite different educational system than China. In China, there is not something like GMAT or GRE in the process of application. After the students pass the national exams for English politics and math, they will need to go through the major course test of the university in which they applied. Chinese students can just apply for one university’s master degree in the end of their senior year. However, if international students want to apply for master degrees…

Words 5271 - Pages 22

Essay on Assessment Task

ACC1030 Introduction to financial accounting Unit Guide Semester 2, 2014 Copyright © Monash University 2014. All rights reserved. Except as provided in the Copyright Act 1968, this work may not be reproduced in any form without the written permission of the host Faculty and School/Department. The information contained in this unit guide is correct at time of publication. The University has the right to change any of the elements contained in this document at any time. Last updated: 04 Jul 2014…

Words 3725 - Pages 15

Intro to Business Essay

1. In your own words, describe how information reduces risk when you make a personal or work-related decision. In your life, you are making decisions all the time. Some of these decisions you take on your own and others you made after consulting internal and external forces. When you make a decision, you need to find some backgrounds information about the issue in question because if you made a decision without information is a gamble. 2. What are information rules? How do they simplify the…

Words 1004 - Pages 5

Erp and Manufacturing Essay example

Purpose – The purpose of this paper is to investigate the reasons for implementing enterprise resource planning (ERP) systems in Australia and the issues encountered during the course of implementation. Design/methodology/approach – A questionnaire survey is conducted, research frame is selected from the Australian manufacturing sector and a ﬁnal list of 350 Australian manufacturing companies was prepared from which 79 responses were received, representing a response rate of 23 per cent. Findings –…

Words 5993 - Pages 24

Mohammad Essam Hejazi Chapter 1 2 Essay

Hejazi 1 Mohammad Essam Hejazi MGMT 310-01 Chapter 1 & 2 01/22/2014 Chapter 1 Exercises 1. Why would a systems analyst have to act as a translator? What groups might be involved? A systems analyst should act as a translator because they are involved in planning, recommendation of systems and software, as well as, co-ordination of developments vital in meeting business needs. They act as liaison between different vendors, IT professionals, and the actual end users. In addition, they are responsible…

Words 1859 - Pages 8

Professional Portfolio Plan Essay

Btec Level 7 Diploma in Strategic Management and Leadership Assignment 1 Part A– Professional Portfolio Table of Contents Professional Portfolio 4 Introduction 4 Section 1 4 Section 2 4 Section 3 4 Section 4 4 Section 5 4 Section 6 4 Section 1- Learning Plan 5 Step 1 – Appraisal 5 Where am I now? 5 Step 2 – Planning 5 Where am I going? 5 Step 3 – Development 5 How will I get there? 5 Step 4 – Reflection 5 How will I know when I have got there? 5 Section…

Words 7977 - Pages 32

Business Decision Making Assignment Essay

submitted for assessment in any other unit or to any other institution. I have read and understood WLVT Policy. ☒ Agree Student’s Signature: Table of Contents Task No. Task Page No. Introduction 3 Task 1 4 Data Collection Plan 4 Sampling Methodology 4 Questionnaire 5 Summarising and Analysing Information 7 Analysing the result for research conclusion 9 Task 2 10 Calculation of mean and median 10 Calculation of upper and lower quartile sales…

Words 3140 - Pages 13

Tasteless Tea Company Essay

ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 1 2011 pp. 163–179 American Accounting Association DOI: 10.2308/iace.2011.26.1.163 Tasteless Tea Company: A Comprehensive Revenue Transaction Cycle Case Study Ronald F. Premuroso, William S. Hopwood, and Somnath Bhattacharya ABSTRACT: It is challenging for students taking the introductory accounting information systems AIS course to envision how to apply the topics and concepts learned during the course in real-world situations. The motivation for…

Words 8228 - Pages 33

Management Accounting: Information for Creating Value and Managing Resources Essay

CHAPTER 1 MANAGEMENT ACCOUNTING: INFORMATION FOR CREATING VALUE AND MANAGING RESOURCES ANSWERS TO QUESTIONS 1.1 There are several possible answers to the question. QANTAS, the national airline of Australia, has faced a number of changes to the business environment in recent years, including deregulation of the domestic aviation industry. This resulted in increased competition as new firms attempted to enter the industry. The most notable of these was two failed attempts by Compass to succeed…

Words 9687 - Pages 39