}The
CEO of your company recently met with the external auditors to discuss the
scope of the year’s audit. The auditors suggested that they conduct an
integrated audit. The CEO has asked you,the
accountant, to make a presentation at the next board of directors
meeting that includes the following:
}Give a definition
ofauditing.
}Explain the purposes
and reasons for public accounting firms to perform an integrated audit. Address
the Sarbanes-Oxley Act (SOX).
}Explain corporate
governance and its relation to integrated audits.
}Cite an example of a
recent failure in corporate governance.
}Find an article in
which the actions that the public perceived as necessary to improve the quality
of corporate governance are discussed; list the actions requested according to
the article.
}
}
}
Requirement
}7 to 10 slides
}
Objectives
}Understand the
practical need for internal and external auditing
}Understand the risks
that exist in both the business and auditing environment and a problem-solving
methodology for assessing risks
