The Responsibilities of Internal and Independent Auditors
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The Responsibilities of Internal and Independent Auditors INSTRUCTIONS:
Hi, This essay is about the responsibilities of internal and independent auditors, auditing standards and procedures and fraud detection and prevention. The breakdown of the essay is Introduction: about the overall topic The body:Responsibilities of internal and independent auditors, auditing standards and procedures and fraud detection and prevention. Conclusion, Please be very detail in the body please. I would need it to be done by October 3rd. Please and thank you! Here`s some the website you can use as resources The Institute of Internal Auditors - www.theiia.org American Institute of Certified Public Accountants www.aicpa.org Association of Certified Fraud Examiners www.acfe.com Financial Accounting Standards Board www.fasb.org Please use other sources as well. Thank you
CONTENT:
Topic 3: The Responsibilities of Internal and Independent Auditors, Auditing Standards and Procedures and Fraud Detection and Prevention Name Institution Date The Responsibilities of Internal and Independent Auditors, Auditing Standards and Procedures and Fraud Detection and Prevention Introduction Fraud has become a very complicated problem in this era of technology; fraud is becoming increasingly difficult to detect resulting to a tremendous loss to several businesses and also creating moral problems in workplaces. The accounting profession is concerned about the rising cases of fraudulent activities worldwide, especially in cases where top management is concealing such acts. In this respect, auditors argue that detection of fraud is not part of their responsibility as much as attention has focused on management of fraud and their failure of auditors to detect and report fraud (Alleyne & Howard, 2005). The Role of Auditors From inception, the role of auditors has not been well defined, according to the Financial Accounting Standards Board , auditors needs to report to the shareholders all dishonest acts that occur which can affect the property contents of the financ
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