Search results
Results from the WOW.Com Content Network
The manner of appointment, the qualifications, and the format of reporting by an external auditor are defined by statute, which varies according to jurisdiction. External auditors must be members of one of the recognised professional accountancy bodies. [2] External auditors normally address their reports to the shareholders of a corporation.
The Institute of Authorized Chartered Auditors of Albania (Instituti i Ekspertëve Kontabël të Autorizuar - IEKA) is a professional body that regulates the accountancy industry in Albania. [ 1 ] IEKA was established on 24 November 1997 as a non-profit professional association for Certified Public Accountants (CPAs) who practice their ...
External auditors may also be engaged to perform other agreed-upon procedures, related or unrelated to financial statements. Most importantly, external auditors, though engaged and paid by the company being audited, should be regarded as independent. Internal Auditors are employed by the organizations they audit. They work for government ...
No audit firm wants to have to explain to the press the loss of a big client. This gives the directors of the large company a commanding position over its audit firm and they may look to take advantage of it. The audit team would feel pressured to satisfy the needs of the directors and in doing so would lose their independence.
In that state, the state auditor, who is elected, is the only state auditor in the United States to broadly supervise and audit the fiscal concerns of local governments. In fact, nearly 5,000 local governments which altogether spend some $40 billion annually come under the state auditor's purview. [ 10 ]
A "statutory audit" is a legally required review of the accuracy of a company's or government's financial records. The purpose of a statutory audit is the same as the purpose of any other audit – to determine whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records and financial ...
Since the establishment of the institution, the State Supreme Audit has undergone several administrative changes to its organizational structure, subsequently leading to the name of the institution being changed. Audit Council (1925–1946) Audit Ministry (1946–1959) State Audit Commission (1959–1966) State Inspectorate (1966–1987)
This page was last edited on 18 November 2004, at 12:01 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.