BETWEEN INTERNAL AND EXTERNAL AUDIT Professor PhD Atanasiu Pop‚ „Babeş-Bolyai” University of Cluj-Napoca‚ e-mail: apop@econ.ubblcuj.ro PhD Student Cristina Boţa-Avram‚ „Babeş-Bolyai” University of Cluj-Napoca‚ e-mail: botaavram@gmail.com PhD Student Florin Boţa-Avram‚ „Babeş Bolyai” University of Cluj-Napoca‚ e-mail: botaavramflorin@yahoo.com ABSTRACT: Analyzing the evolution process of internal audit‚ from its beginnings and so far‚ we can easily notice that internal audit function was born through
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Introduction This report will try to identify what changes can be made by the audit firm if a substantial reduction in audit fees is agreed with the client‚ considering current economic climate. Furthermore it will discuss whether these changes could risk the quality of the audit. The research was carried out in Aldrich library and is based on various research articles‚ articles in professional magazines and the financial press. The current economic climate The current
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Social Audit A social audit is a business statement presented annually to understand‚ measure‚ report and improve the organization ’s social and ethical performance. Usually‚ social audit is addressed to employees‚ investors‚ market analysts‚ shareholders and lastly‚ the community. This is considered to be the main ground for practicing corporate social responsibility. With social audit‚ it strengthens the relationship between company‚ society and environment and at the same time showing the
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BENEATHA (Dropping to her knees) Well – I do – all right? – thank everybody! And forgive me for ever wanting to be anything at all! (Pursuing him on her knees across the floor) FORGIVE ME‚ FORGIVE ME‚ FORGIVE ME! (1.1.123) | Beneatha sarcastically apologizes for having dreams. To Walter‚ her dream seems kind of far-fetched. However‚ Beneatha is determined and she stands up to her brother for her right to want to become a doctor. Quote #2RUTH Mama‚ something is happening between Walter and me
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Palas‚ Cameron Highlands was launched in year 2007 in conjunction with Visit Malaysia Year 2007. BOH Tea Plantations will soon expand their business and open another branch in Georgetown‚ Penang. They have carried out some survey and they found that Penang has the potential for their next branch because Penang is currently a great tourism spot in the world. Cameron Highlands is famous of its cool weather and fresh air so it has been a tourism spot since many years ago. The main purpose people get to Cameron
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Running head: THE BIG 5 AUDIT ORGANIZATIONS: The Big 5 Audit Organizations: AICPA 3 General Standards of GASS & the Missing 4th Critical General Standard Martin D. Walden B.S.‚ C.P.A. Troy University Advanced Auditing PhD. Gaddis June 19‚ 2008 Abstract The big four private CPA firms and the GAO compromise the big 5 Audit Organizations and follow GAAS (GAGAS for the GAO). The AICPA has identified 10 GAAS standards. The first three Standards are called General
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MANAGEMENT BY OBJECTIVES Management By Objectives (MBO)‚ was first introduced by Peter Drucker in 1954 in his book‚ The Practice of Management. By 1960s and 1970s‚ MBO became the no 1 buzzword of management practices and some form of a panacea for management ills. Most importantly‚ MBO has‚ for the first time‚ introduced significant changes to the command-control top down management system practiced at that time. Not that the Command & Control company system did not have any goals and objectives. It
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perseverance and determination to accomplish. When I was a young child I set a goal to serve a full-time mission for the Church of Jesus Christ of Latter Day Saints. During my teenage years I experienced many obstacles and challenges that seemed to detour me from achieving my goal. I participated in many extracurricular events that ranged from high school baseball to scouting. I tasted failure and success any many of these endeavors. During my sophomore year of high school I started experiencing
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profile failures of financial services firms‚ the issues about ‘audit expectation gap’ have never been more important. Though it would take an enormous amount of effort to address these issues‚ I will argue that tremendous amounts could be done in order to close the gap down. In this essay I will discuss some of these issues and in particular the strategies to reduce the gap. Definitions Various definitions have been proposed for the audit expectation gap. Humphrey‚ Moizer and Turley (1992)‚ suggest
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considered to have an effect on the auditor’s capability to endure stress. It has been suggested that‚ given the shut working connection between auditors and customers and the fact that auditors are paid by their customers‚ it is emotionally impossible for an auditor to be free from prejudice. Numerous aspects of concern have been noted in the literary works for many years. Shockley’s conceptual design highlighted on recognized mobility because being seen to b impartial is just as essential from the perspective
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