Coca Cola Auditing Project

4680 Words19 Pages
AIM 6334 Auditing and Assurance Service
Research Project

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Li-chung Lee Kung Ya Cheng
Jui-Ping Lin

Table of Contents I. Introduction:…………………………………………………………………………………….P.3~4
II. Ch 1: The client acceptance/continuation process, including establishing an understanding with the client……………………………………………………………………………………P.4~5
III. Ch2: Obtaining an understanding of the entity and its environment, including internal control.
…………………………………………………………………………………………………………P.5~6
IV. Ch3: Preliminary Engagement Activities……………………………………………………...P.6 V. Ch4: Assess Risk and Establish Materiality…………………………………………………..P.7~8
VI. Ch5: Consider Internal Control………………………………………………………………P.9~11
VII. Ch6: Plan the
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Risk of Association The Coca Cola Company engaged in legitimate business activities that do not violate the laws of the jurisdiction where the company is headquartered or carries on its business. After reviewing its financial statement, we believed that its financial is stability and liquidity.
Technical Competence The auditors who will perform the auditing are well trained due to the complexities of the modern business world. And also, the auditors have the necessary technical competence to perform the required work or risk potential liability or damage to reputation.
Professional Fees Audit fees charged to The Coca Cola Company will base on commensurate with the risks to the providing the services requested. The fees will cover adequately the cost of the services provided.

III. Ch2: Obtaining an understanding of the entity and its environment
In the 21st century, the beverage industry has been become one of the fastest developing industries and the competition in this industry become significantly. Even in this market share campaign, The Coca Cola Company still remains its leader position in the beverage industry. The Coca-Cola Company and six of their largest bottling partners developed a strategy for sustainability in 2002. That plan focuses on the role and impact of the Coca-Cola system in four key areas: workplace, marketplace,

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