An auditor supplies the independence and objectivity to a financial report complementing the high expectations of third party users The professional judgement required is influenced by some professional traits such as the auditor’s experience and capability of the auditors training. In additional to the professional traits influencing the auditor’s judgement, the auditors is also influenced by behavioural and ethical traits. Auditors have a responsibly to ensure that ethical standards are upheld, ensuring the social exceptions of auditors
According to De Angelo (1981), it was said that the audit quality is the probability of combination of competent auditors who are going to find the violations in term of client's accounting system and to prepare the report with such violated findings independently without any interference or pressure. The quality of audit can be measured by two formative indicators which are (1) reputation of auditor that is the public perceptions about the past performance of auditor in term of audit quality and the standards of professional conduct that are consistent in auditing process, and (2) industry specialist auditor who is often assigned to specific industries becoming very skillful to identify and figure out the problems of specific industry audit so as to give out the result in a high quality audit. According to Moeller, (1999: 553), it was claimed that the quality of the internal audit is an internal investigation to be carried out regularly and systematically in the same way as the members of the internal audit staff to assess the quality of the performed audit work have conducted the internal audit to others. Based on Hiro Tugiman (1997: 11), it was argued that the internal audit or internal
The purpose of an audit is to enhance the credibility of financial statements by providing written reasonable assurance from independent sources that the financial statements present a true and fair view in accordance with the accounting standards. This objective will not be met if users of the audit report believe that the auditor may have been influenced by other parties, more specifically the enterprise managers/directors or by conflicting interests (A.O.Oladipupo, F.I.O. Izedonmi, 2013) There are three main ways in which the auditor‘s independence can manifest itself: Programming independence, investigative independence and reporting
Introduction Auditing is a systematic process of objectively obtaining and evaluating evidence to ascertain the degree of correspondence between the assertions and communicating the results to interested users. Whereas, auditors are the person who conducts the auditing procedures to obtain reasonable assurance that the financial statement are free from material misstatement, whether cause by the fraud or error. Although ISA 240 recognized that the auditor may fail to detect material misstatement caused by fraud as the financial statement is well concealed and embedded, but it still does not exclude auditor from detecting fraud (Hasaan, 2013). Besides, it also mentions that it is the responsibilities of auditor to consider fraud in auditing
STATEMENT OF ADDRESSING THE CRITERIA: 1. Ability to establish rapport with customers from diverse backgrounds and complex needs and provide efficient and high quality customer service. Experience in retail, hospitality, sales, banking or other customer service environment is required My Response: Throughout my employment as an auditor in-charge and a telemarketer and customer service, I have substantiated my abilities to build trustworthy professional relationships with people from diverse backgrounds. I also listened much to their needs and situations, and I identified their needs for further process, advice and actions in timely manner. I have work experience in Accounting firms, Australian government department, as an auditor accountant.
Characteristics of Accounting Information When financial reports are generated by professional accountants, certain expectations of the information should be met: 1. Accounting information to be reliable, verifiable, and objective. 2. Consistency in the accounting information. 3.
Accounting as a job serves as the financial backbone of a business for it deals with money and its primary task is to record and analyze financial information. It includes the keeping of financial records and assurance that the records are accurate which makes it as a detail- oriented work. Gibson, Hutchinson, Homrigh and Leung (2011) claims that corporate scandals are widely known in the name of the business in which it cause extensive damages in the economy and society. These question the morality of businessmen in general and accountants in particular. With these duties and accountabilities, the concept of ethics is highly needed to be given emphasis in this field.
Generally, analysing or evaluating on financial situation acts as an important part to determine financial strategy in order to achieve the goal of a business organization, it gives a benchmark for measuring the performance of the business for the period under supervised. Auditing is a practice that has shifted many years in the business era, this practice does not only look at the outer part of the business but concerns about assessing the internal financial status of a business and compare with the picture presented to the public (Manal, History of Auditing). The primary objective of auditing as well as the role of auditor is to examine the accuracy of the information and statements
It provides the basis for reliance on their judgment. They deal with issues that are fundamentally important to the survival and prosperity of the organization that they work for. Internal auditors identify ways to save significant sums of money for their organization, guard its reputation in the marketplace, detect inefficient spending, fraud, and non-compliance with laws or regulations. If the principle of integrity is compromised while conducting an internal audit, it will fail to deliver its true value to the relevant stakeholders. In the current environment, integrity is not discussed or acknowledged nearly enough.
INTRODUCTION As a language of business, accounting is a common measuring stick in business. An owner of the business can use accounting information to measure the financial and operational performance of the company. It is usually prepared according to Generally Accepted Accounting Principle (GAAP) which is the most authoritative accounting standards. GAAP requires accounting information to be accurate, relevant and timely which ensures business owners have the best information for making business decisions. Kashoo T. (2014) stated that accounting is essential if you want to be able to grow your business in a way that can be measured and predicted.