Audit Essay Samples and Topic Ideas
auditing of its products and services. Deloitte consists of professionals from independent firms throughout the globe who collaborate to offer consulting, financial, audit, advisory, tax and risk management services to its clients. All the member firms that form a part of Deloitte provide services in particular geographic areas and remain subject to the laws, policies, and regulations of the country with regards to how public accounting is conducted. Every member of the firms that work with Deloitte is independent and cannot obligate each other for their acts and omissions. The success of Deloitte is dependent on the form of reward system that it deploys. The performance of the firm is dependent on...
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audit firms to help them with their business management problems. Not only does this initiative help them identify additional or dubious cash outlets, it helps them to settle for a purchasing and expenditure strategy that best suits their short and long-term goals. Proper Resource ManagementManagement of resources is also vital to a company’s development. Adequate utilization of available resources maximizes the profitability margin of a firm by minimizing wastage. This is only possible where an organization employs excellent bookkeeping practices to help them keep an accurate and reliable track of anything that is procured or used. Also, excellent record keeping minimizes instances of theft of...
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audit logs. In conclusion, these policies can ensure the privacy of medical information thus encouraging patients to share any sensitive information. References Acquisti, A., Brandimarte, L., & Loewenstein, G. (2015). Privacy and human behavior in the age of information. Science, 347(6221), 509-514. Fernández-Alemán, J. L., Señor, I. C., Lozoya, P. Á. O., & Toval, A. (2013). Security and privacy in electronic health records: A systematic literature review. Journal of biomedical informatics, 46(3), 541-562. Patil, H. K., & Seshadri, R. (2014, June). Big data security and privacy issues in healthcare. In Big Data (BigData Congress), 2014 IEEE International Congress on (pp....
audit of the staffs roles and responsibilities, departmental operations, and performances at individual and departmental level. This audit will answer questions on where are the gaps and how best to fill them to avoid costly mistakes, like the case of Tonia Putt. The King’s Company can start using the ADP HR program that will help the firm in synchronizing all its data across departments and share the information when needed, only at a click of a button. The ADP system helps the human resources department in managing its employees’ talent, reporting time, benefits and compensation, project management, trainings and skills development, and tracking of all their recorded information (Christian...
Audit Schemes Management (EMAS). Delivery policies have been described as part of the management plans which often ensures that the park serves as conservation for flora, fauna, and wildlife (Parks & Estates, 2011). It acts as a site information provision as far as enjoyment of space is concerned. The plan is regularly reviewed after 5years. The recommended features that should be included in the plan should be organized based on the management of the site and its operations (Parks & Estates, 2011). Trooper’s hill reserve has outlined its plans based on natural green space, land management policies and delivery policies. The plans ensure that maintenance of ecological conditions of the...
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audit their processes and workflow systems to identify areas they can cut the use of energy. This can be followed by redesigning the processes for efficiency. For example, encouraging employees to travel short distances or minimizing the number of times they fly as in the case of Microsoft Corporation Inc. Third, the company can adopt new technologies that generate less waste, consume less energy, and promotes ecological health. For example, a firm can choose to reduce the use of papers and use computer-based systems. Moreover, carbon pricing can change the ways businesses conform to government regulations. Therefore, firms implementing internal carbon prizing improve their compliance with the set...
audit of the current state of affairs of the HR processes in the organization. This makes it easy to plan for the process and focus on the critical areas. HR benchmarking helps an organization enhance its HR performance since it allows HR managers and employees to have a broader perspective and think out of the box regarding obstacles they face. Additionally, benchmarking offers insights on how other companies excelled in managing employees. It is also a good way of determining the efficiency of the current HR plan, hence plan for any required adjustments. On the flipside, benchmarking if not used properly may have short-lived benefits, needless mention the loss of time and money invested. This is...
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Audit. Keep track of the water you use for a 24-hour period using the categories and average water usage provided below. If you have water using devices on which the exact consumption is noted, substitute the actual figures for the estimates given. Water use is usually calculated either as a total amount for each type of usage, or by using gallons per minute, or g.p.m. Calculating Your Total Daily Usage. You are to extrapolate your daily use into weekly and annual usage. Use the figures found on https://www3.epa.gov/watersense/pubs/indoor.html You will also be able to calculate your household, United States, and World usage. Answer the questions. Using the information from step two, calculate the...
auditing is an integral part of any business management. It is in charge of facilitating the communication of financial position of a company. In simple terms, it involves setting up, maintaining and reviewing financial records of a given company to understand its financial position. It is therefore essential that financial auditing provide a fair representation of the financial position of a company when disclosing important financial reporting. Without strict audit regulation, stakeholders of these companies are susceptible to risk fraud. Types of Fraud Risks Fraud Triangle According to Dr. Donald Cressey in his research on criminology in fraudster behaviors, he came up with three main...
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audit controls put in place by the covered entity. They include the use of personal user IDs and having automatic logoffs. There should also be the person or entity authentication put in place.Challenges Its main challenge is its implementation. This is because it requires a specific implementation plan and action through a proper initial risk analysis done. This is usually difficult and requires and takes a lot of time. Moreover, having access to specialized expertise is difficult especially for small providers. The progress of the security plan is hindered by constant extension of the security contingency plan. References HIPAA Administrative Requirements. (2016). Hipaasurvivalguide.com. Retrieved...
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