1 / 5

Are you looking for auditing assignment help?

My Assignment Services one of the leading academic help brands in Australia is offering affordable auditing assignment help scholars who are stuck in between their academic tasks. <br>https://www.myassignmentservices.com/auditing-assignment-help.html

keithmorris
Download Presentation

Are you looking for auditing assignment help?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Three Hot Topics in Auditing

  2. Engagement risk & its Components In the whole process of auditing, detail should consider total engagement risk. There are three major components of engagement risk that are noted below. Auditor's audit risk - It is a risk in which the auditor intentionally or unknowingly fails to appropriately change his or her point of view on the financial statements that are misstated. Client business risk - It is the form of risk that is linked to business survival and profitability. Auditor's business risk - It is a form of risk of the litigation costs from a supposed audit failure and the threat of other costs.

  3. Factors that an auditor should consider in understanding the business and its environment. Some of the factors that an auditor should consider while understanding the business and its environment are as follows. Product Technology Supply cost and availability Market and competition General economic level Accounting principles and industry-specific practices The political and legal environment Relevant accounting procurements Technical and competitive conditions Seasonal or cyclical activity And so on.

  4. Accounting risks There are various accounting risks that accounting professionals or auditors should pay attention to performing the task of accounting and auditing. Risks of inadequate liquidity Risks of the collectability of accounts receivable Risks of inventory obsolescence and writedowns Risk of impairment of assets Risk of manipulation of estimates and accruals Risk of proper revenue recognition Risk of having underfunded pension plans Risk of understated expenses Risk of internal control issues and the impact of staffing shortages Risk of outsourcing of certain functions And so on.

  5. Are you looking for auditing assignment help? Get in touch with experts of My Assignment Services for affordable academic support. My Assignment Services one of the leading academic help brands in Australia is offering affordable auditing assignment help scholars who are stuck in between their academic tasks. The brand consists of teams of professional academic experts who provide all sorts of assistance on all forms of academic projects. Along with assignment help, there are some additional benefits that the company offers too. These benefits are as follows. Live order tracking Proofreading and editing Live sessions with experts 100% original and error-free assignment files Timely assessment delivery Round the clock expert support And much more. For any further assistance, you can visit the website of the brand and get in touch with the experts.

More Related