Corporate Audits
Corporate audits are an integral part of conducting business and are a legal requirement in many countries. The concept explains the types of audits that companies use, the strengths and drawbacks of these, in addition to providing case studies of auditing from across different industries and sectors.
Technique Overview
Corporate Audits Definition
Corporate audits assist in the processes of corporate accountability, control and governance and provide reassurance to users of annual financial reports (Lee, 2007). Auditors must state that these represent a true and fair view, and they show relevant and reliable accounting information under the provisions of the FASB (US GAAP), IASB (IFRS), or ASB (UK). The concept of auditing covers non-financial areas also, such as social audits (CSR) and performance audits (economy, efficiency and effectiveness) (Drewry et al., 2005).
Corporate Audits Description *
* The full technique overview will be available soon. Contact us to register your interest in our business management platform, and learn all about Corporate Audits.
Business Evidence
Strengths, weaknesses and examples of Corporate Audits *
* The business evidence section is for premium members only. Please contact us about accessing the Business Evidence.
Business Application
Implementation, success factors and measures of Corporate Audits *
* The business application section is for premium members only. Please contact us about accessing the Business application.
Professional Tools
Corporate Audits videos and downloads *
* The professional tools section is for premium members only. Please contact us about accessing the professional tools.
Further Reading
Corporate Audits web and print resources *
Corporate Audits references (4 of up to 20) *
- Ackman, D. (2002). Arthur Andersen Offers Settlement. Forbes, Feb 28. Available at: http://www.forbes.com/2002/02/28/0228topnews.html.
- Barker, A., Hughes, J. (2011). Big audit firms face Brussels onslaught. FT.com, Sep 26. Available at: http://www.ft.com/intl/cms/s/0/5d128f0a-e863-11e0-8f05-00144feab49a.html#axzz1ktDjqU4h.
- Basu, S.K. (2009). Fundamentals of Auditing. Pearson Education India.
- Best, N. (2009). CIMA Official Learning System Test of Professional Competence in Management Accounting, Volumen 4. Butterworth-Heinemann.
* The further reading section is for premium members only. Please contact us about accessing the further reading.
Learn more about KnowledgeBrief Manage and how you can equip yourself with the knowledge to succeed on Corporate Audits and hundreds of other essential business management techniques