Here is the synopsis of our sample research paper on ROLE OF THE INDEPENDENT AUDITOR
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Essay / Research Paper Abstract
This 10 page paper discusses the assumed role of the independent auditor and compares it to the reality of the job. The collapse of Enron and the Phar-mor investigations are discussed in relation to the independent auditor's roles. Predictions are made about the future structure of big business and the way in which the independent auditor is utilized. Congressional testimonies as well as quotations from experts in the field are included. Abstract included. Bibliography lists 10 sources.
Page Count:
10 pages (~225 words per page)
File: D0_MBauditor.rtf
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Unformatted sample text from the term paper:
does not bear its share of the load, loses its integrity, then the whole structure is weakened as well. Therefore, it is of primary concern that in a company, the
independent auditor do his/her best to periodically diagnose the financial stability of the company and if required to make suggestions for growth or improvement to the administration. Recently, there
has been much attention given to the Enron, Inc. situation. The effects of the collapse of the company have had, it might be said, a ripple effect, which have affected
even those who do not own shares in the company. Many are blaming the internal auditors for not catching the mistakes, for not informing the administration, and it brings to
question the ability of an auditor to be completely independent. Perhaps, if Enron is anything at all, it is an example of what may occur if the independent auditor is
not truly independent. That being said, can there ever truly be independence on the part of an auditor? Audit failures rarely result from the deliberate collusion of auditors with clients
and instead, auditors may find it psychologically impossible to remain impartial and objective.1 This is especially true when an independent auditor begins to develop a working relationship with the
company. Most companies utilize an independent auditor in one capacity or another. It tends to lend credibility to the facts and figures that the administration puts forth, especially if managements
figures match those of the auditors. Where this can get everyone into trouble, however, is when the auditors unbiased opinion and figures, become biased. In very few instances does
a biased opinion or deliberate misrepresentation occur. It happens, rather, on an almost psychological level, some experts state. The danger that most auditors face, it can be assumed, is when
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