¶ … Professional accounting services are paramount for a firm, which provides consulting services to diverse clients. The consultancy firm should read the market (theoretically and practically) before advising a client to engage into a given commitment. As a result, there are substantial considerations that should be kept in mind before offering accounting advises. Various determinants are considered especially when a consulting service is to be considered a sufficient one. The information presented must always be relevant to the form and meeting the required standards. This study presents the general guidelines and structure of an auditing report with special concern on the main areas like introduction body and conclusion.
Planning a Report:
Planning a report is a critical practice among accountants and auditors. The authors have shown that any report that can be considered good must have its purpose stated clearly. Audiences have various needs; this requires the individual preparing the report to identify the target audience when planning the report. The planning process also ensures that the extent of information to be provided is determined. The authors have shown that providing information to a group of investors to devote their money into a given project will vary unlike when providing information on the same topic to other stakeholders. Planning is shown as a...
Professional Profile of the Defense Finance and Accounting Service (DFAS): Chaos What is the Defense Finance and Accounting Service? Ensuring that the men and women who work for the United States military receive their salaries promptly is critical. The Defense Finance and Accounting Service (DFAS) serves this vital function. The DFAS was created in 1991 by the Secretary of Defense, "to standardize, consolidate, and improve accounting and financial functions throughout the Dod. The
Toshiba’s Accounting Scandal: Business Ethics and the Media Along with Sony, the Toshiba Corporation is one of the most legendary and famous Japanese technology companies in the world. According to the “History of Innovation” section of its official corporate website, Toshiba boasts a long, proud 135-year technological history. In the past thirty years, the company has given birth to the first laptop computer for the average consumer, the first wireless laptop,
Managing Professionals in Virtual Environment As technology has evolved, the reality of virtual organizations has begun to take hold in a variety of industries. It is now commonplace for employees to work, at least in part, from offsite. Telecommuting is a reality that has allowed companies to reduce costs, become more competitive, and facilitate happier more productive employees. Virtual employees, or "telework is one of the most radical departures from standard
Profession of Auditing Evaluation of the Profession: The profession of accounting has undergone vast changes over the years, and the traditional accountant concerned himself or herself only with recording the financial transactions of individuals, organizations, and entities. This resulted in the accountant issuing a report annually which is a financial statement that is showing the position of the firm for multiple purposes. However today there are many non-financial reporting that are
awarding audit contracts by U.S. government departments and agencies Audit Management Red Rationale for and Objectives of the project main and secondary Desktop or literature search Rationale for Search Methodology LITERATURE/DESKTOP RESEARCH Authoritative sources Desktop Findings Justification for audits Evolving role of auditors Types of audit contracts Understanding the Audit Process Best practices and benchmarking Terminology Case Studies Audit management is a fundamental element in government accountability, control and performance management. Certainly there is justification within the Federal government to conduct audits of contracts for the
……South African Municipalities Municipal Revenue Loss Reduction through Improved Municipal Valuation Methodologies:Balance Sheet Enhancement of South African Municipalities to Improve Rates and Taxes Revenue GenerationAbstractThis study examines the property valuation process of Municipalities in South Africa and develops a strategy for strengthening that process in order to more efficiently value properties and ultimately to enhance municipal balance sheets and increase revenue streams. This study proposes an innovative valuation method based
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