The Auditor Book Summary

The story begins with a nerve filled morning for Jack Butler. He is one of three managers who are being considered

The goal in the life of a college student is graduating and getting the dream job in the career field that is chosen. To achieve this goal takes more than just having the knowledge and heart for the career; it also takes technical skills to be able to perform the tasks. The Auditor: An Instructional Novella stretches beyond the standard textbooks to reveal the principles and practices of auditing as they are in the real world. The book consists of a few key aspects such as: targets students’ natural curiosity about the field of accounting, supports traditional teaching tools, shapes the potential challenges that awaits public accountants.

This course is the first in a two-part series that deals with auditing a company 's financial reports, internal controls, and

On Wednesday, February 24, 2016, I conducted an interview with Professor Clarissa Wilkerson, JD, CPA. As an accounting major, I am extremely interested in pursuing a career in accounting and am a student in Professor Wilkerson’s class. Her enthusiastic personality continues to inspire me to pursue a career in this field. After explaining my career goals and the details of this assignment, she gladly accepted when I asked if she would be willing to conduct an interview to help me complete this interview report. Professor Wilkerson received her Master’s degree in Taxation from Georgia State University. She is also a licensed Certified Public Accountant (CPA), and has considerable experience in the field of accounting. A few of the topics we discussed were: the importance of teamwork, the way technology is changing accounting, the value of understanding finance and economics in relation to accounting, and the usefulness of receiving a degree in accounting and earning a CPA license.

Hilton, R. (2011). Managerial accounting: Creating value in a dynamic business environment (9th Ed.). McGraw-Hill. Hardcover ISBN: 9780073526928.

Before reading this book titled Accounting Now by Mark Sasscer, I was merely familiar with a few elements of leadership skills that I obtained from my professional experiences. I recognized that becoming a great leader; one must be confident, communicate effectively, compassionate and be able to solve problems. However after reading this book, I discovered it was essential to have these elements along with other essentials and approach that will improve and reinforce my leadership skills now and in the future. According to Mark Sasscer, there are “Ten principles of Personal Leadership” that a leader can abide in order to be a successful leader. I will describe the ten principles, including my thoughts and the elements that significantly impacted my perception of accountability and leadership.

It was Monday, August 22, 2010, my Sophomore year of high school that I first stepped foot in the classroom of Mr. Telsee’s Principles of Accounting course. I was overwhelmed with thoughts of intimidation, which blinded me from understanding my full potential. Mr. Telsee distinctively educated students on how to connect realistic situations to complex problems. After finally grasping the basic accounting concepts and cycles, I knew accounting was for me. I am a living testimony that success happens the moment you step out of your comfort zone.

The purpose of accounting is to record the financial information, such as transactions and performance, related to a business. The accounting profession has been in existence for as long as business transactions have occurred. It wasn’t until 1494, however, when Luca Pacioli, a Venetian merchant, wrote Summa de Arithmetica, Geometrio, Proportioni et Proportionalita. His writings described a two-entry system of debits and credits, which became the basis for modern accounting systems. Three centuries later, with the emergence of the Industrial Revolution and the development of corporations, the profession of being an accountant became a necessity to keep track of the rising costs and cash flows. As a result, the American Association of Public

With the many financial scandals that have occurred in schools districts across the United States, it is imperative that proper accounting and auditing procedures are implemented to avoid the inappropriate use of educational funds. According to Guthrie, Hart, Ray, Candoli, and Hack (2008), financial accounting and auditing data are important components of the lifeblood of the school organization p.247. Therefore, without its existence, the school organization will not be able to survive financially because appropriate data is not maintained to balance statements and justify spending.

PThe Public Company Accounting Oversight Board (PCAOB) has the authorization and duty to inspect auditing firms to make sure they are in compliance with law, rules, and professional standards in connection with the auditing reports of public companies. Some deficiencies noted by the PCAOB in the inspection reports of Deloitte & Touche LLP, KPMG, BDO LLP, and PricewaterhouseCoopers LLP are discussed in the following paper.

Boynton, W. C. (2006). Modern Auditing (8th ed.). Danvers, MA: John Wiley & Sons, Inc.

During my time at Accounting Firm X I learned many lessons that apply not only to accounting and the principles and practices associated with that subject, but also to life as a professional in a real world work setting. The purpose of this essay is to highlight my experiences at Accounting Firm X to shed light upon key learning experiences that can contribute to a holistic educational experience. In this essay I will first describe my goals and expectations. Next, I will go in to detail about my daily routine and how these exercises contributed toward the overall experience. I will then explore the overall lessons learned from my time spent at the firm.

This case study will analyse the ethical dilemmas faced by David, audit manager at C & A who is hired to do the financial year-end audit for MAL. The six step ethical framework will be adopted to gain an understanding of principles and obligations for analysing the situation faced by David and arrive to a professional and responsible resolution.

As a certified public accountant, there are a couple of organizations that provide opportunities, knowledge, information and other opportunities that can be beneficial to a new accountant, an accountant nearing the end of his career, an accounting firm, or an individual looking to become a certified public accountant. The American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accounts both offer unique benefits to their members. In this regard, one must consider whether it is worth being in one organization, both organizations or neither organization if potential benefits of membership can’t outweigh the costs associated with membership.

Accounting is the language of business. It is a profession that is being guided by principles, concepts, conventions, laws, etc. All these fundamental building blocks serve as common and general compasses to all practitioners of the profession. In some cases, they are nation-wide tailored, while in other cases, they are universally tailored. Accounting as a living, practical, dynamic and realistic profession covers so many areas of social, economic (business), and governmental activities. Surely, any endeavour that involves monetary and material activities create a room for the services of Accounting. Many of the human endeavours for which the accounting profession plays significant (some times inevitable) roles include; Banking, Insurance, Manufacturing, Farming Contracting, Oil and Gas, Mining, Transportation (Air, Land and Sea), Educational Institutions, Churches, Ministries, ICT, Hire Purchase, Local Government Authorities, Estate Businesses, Export and Import Businesses, Bill of Exchange Transactions, Royalties Transactions, Consignment Transactions, Stock Market Transactions, Sports, Entertainment, Hospitals and Hospitality Industry, etc.