Here is the synopsis of our sample research paper on The Importance of the Assurance Role of the Auditor. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 9 page paper considers the statement “Recent years, auditing has developed from the traditional conformance role into a broad and sophisticated variety of assurance services more relevant; there is an expectation that auditing, as a professional service, should not only provide assurance for the credibility of financial statements, but also enhance the quality and integrity of financial information and its usefulness to decision-makers.” The paper looks at the role and importance of auditors and the way they can contribute to increasing standards and the limitations that are inherent in their role. The paper is written with reference to UK auditors. The bibliography cites 7 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEASSauditor.rtf
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Unformatted sample text from the term paper:
been the result of mismanagement and misstatement of accounts, but these also involved accountants, those that prepared the annual accounts and the auditors who are charged with ensuring that they
provide a true and fair picture of the position of a company. The importance if accountants and auditors and the way that they should not only perform their
job with due diligence, but also be seen to perform there job with due diligence, is emphasised following the scandals. The reason for the impact on accounts for Enron, as
well as others is the way in which the annual accounts were misstated. For example, for Enron, the collapse began with a statement that between 1997 and 2000 there had
been an over statement of $569 million and that these years were unreliable (Leone, 2002). For Parmalat it emerged that over thirty years the company has hidden over ?14.5 billion
(Kapner, 2004). These accounts were prepared by the accountants and the trust in accountants and the way accounts were prepared was being shaken. The entire financial basis of the
stock markets requires that there is a level of trust placed in the accounts that are prepared and presented. The purpose of the annual accounts is to present the financial
performance of the company for the last year, with the main stakeholder group being the shareholders, who are the owners of the company. If this is a form of primary
data then the accounts that prepare this have to have a degree of trust, otherwise, as seen after the fall of the major companies in the US. There will be
a general fall in the level of trust and faith in the accounting systems as a whole. In the stock markets the revelations of thee different companies failures all results
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