Submitted by: Submitted by kavinah2010
Views: 274
Words: 2653
Pages: 11
Category: Business and Industry
Date Submitted: 07/01/2012 05:00 AM
Content
|1 |Introduction |
|2 |Main Report |
| |i) Positive aspect |
| |ii) Negative aspect |
|3 |Conclusion |
|4 |Recommendation |
|5 |Reference |
|6 |Appendix 1 – Reflective Report |
| | |
Introduction
External auditors (EA) work towards expressing opinion on financial statement of a corporation whether the financial statement is produce is free from material misstatement and act as an advisor to stay control and recommend changes or improvement to the internal control system. EA works independently; they are not related to the corporation in any circumstance. The manner of reporting differs according to a country’s law and order. Most importantly, the EA should be a member of a professional accountancy body. They are responsible to express their opinion to the shareholders of the corporation. On the other hand, the work for EA has been increasing ever after the accounting scandals in the recent years. One of the embezzling...