The Impact Of Auditing On The Achievement Of Corporate Goals Essay

Research can be defined as the search for knowledge, or as any systematic investigation, with an open mind, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories. Research can be divided into different steps in order to understand the whole process more in depth. The first step towards conducting research is to observe. Consistst of the subject area of ones interest and following that subject area to conduct subject related research. The subject area should not be randomly chosen since it requires reading a vast amount of

Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users (Boynton & Johnson, 2006). In auditing there are many attributes that describes the auditor’s work. Elements of the Generally Accepted Auditing Standards are followed by auditors. The Generally Accepted Auditing Standards apply to financial, operational, and compliance audits. Auditing public traded companies has been effected by the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board. Auditors have additional responsibilities because of

INTRODUCTION A research method refers to a way of conducting and executing a research. Researchers frequently use a single or a combination of methods in their studies. The two methods, that is, the Longitudinal study and the Field experiments have different methodologies.

The goal of the accounting and audit professions is to provide statements and information on behalf of a firm that are reliable and relevant to users. In order to accomplish this goal, the accounting and audit professions have continuously evolved in order to meet the needs of said users. In this new age of accounting, we feel the need for accountants and auditors to further modify their methodology and process. With the focus of accounting and auditing staying the same, we in the profession must be sure to strive to produce valuable information to the end users.

Research methods provide guidance on designing a study. Research design and use of theory varies per research method. Each design has specific requirements pertaining to issues such as the role of theory, data collection, and the use of variables (Jackson, 2012). Researchers conduct studies when a problem or gap in the literature pertaining to a topic is identified, or when a weakness in an existing theory is identified. The researcher then formulates a research question. The research study should be designed to answer the research

With the understanding of the research philosophy and the selection of the appropriate approach made above, now it is much easier to strategize the type of research to solve the research problem and its sub-problems. There are many strategies in research. The most common ones are experimenting, survey, case study, action research, grounded theory, ethnography and archival research.

The research process starts with locating the starting point by gathering numerous questions that need to be answered and identify the issues with the questions. These questions are just the start of your research, many different questions and issues will come along as you progress into the research. Research questions will be gradually refined to their final states and the issues are identified.

Research actually begins when a research problem is formulated by the researcher. It makes the researchers well aware of the tasks that they are going to perform for their respective project to accomplish the required results or outcomes. Research is a process that needs to be completed by following a sequence of steps. The research problems play an important role in formulating these sequential steps. It also helps them in avoiding the use of unnecessary steps during the research.

Research methodology is a way how the research is conducted step by step and in order. There are two methods used for data collection which is the primary data and secondary data. These data can be obtained and used many ways. The data is taken and analyzed in advance to produce a result that we can use for research and future reference. This study will relate to the objective we want to achieve and finding the answer to every objective we seek. In order to successfully achieve the objectives we seek, we must know

There are two research approaches that researchers have to consider in conducting a research. Those are quantitative and qualitative research. While both approaches become standards for conducting a research, both approaches have major differences in answering research questions and gathering the valid data.

According to Benner & Shaké (2008) research is a systematic examination that explores hypotheses, suggests new considerations of data and poses new questions for future research to explore. Research methods are techniques used to construction a study or idea. It is undertaken by collecting and analysing data significant to the research in question. For the propose of this assignment, I will be analysing a research method known as empirical research. According to Polit & Beck (2008), empirical research method can be defined as a way of acquiring information by means of direct and indirect observation or experience. Through direct empirical evidence the observation or experience can then be analysed either qualitatively or quantitatively and

The purpose of this paper is to highlight the role of external auditing in promoting good corporate governance. The role of auditors has been emphasized after the pass of the Sarbanes-Oxley Act as a response to the accounting scandal of Enron. Even though auditors are hired and paid by the company, their role is not to represent or act in favor of the company, but to watch and investigate the company’s financials to protect the public from any material misstatements that can affect their decisions. As part of this role, the auditors assess the level of the company’s adherence to its own code of ethics.

The research process is as follows: Statement of problem is identified( Research problem); Making a plan how to start the actual research is determined; Determining research type to use and Stating methods to use. The research problem will be identified as follows:

This article initiates with the introduction on what is audit planning. It basically addresses the audit plan strategy of K & S Corporation limited’s Financial Statements. Being an external auditor of the company, key factors to be considered in auditing the financials of the subject company have been discussed in the article. The most significant accounts at risk being materially misstated have been critically examined citing the possible risks associated with such accounts. Last but not the least, the article concludes with recommendations with respect to audit assessment plan of the company. Hence, this article seeks to act as a ready reckoner guide for an audit manager in audit planning of K & S Corporation Limited.

Research methodology is a way to systematically solve the research problem. Research methodology not only talks of the research methods but also consider the logic behind the methods we use in the context of our research study and explain why we are using a particular method or technique and why we are not using others so that research results are capable of behind evaluated either by the researcher himself or by others.