Abstracts

Business

Search abstracts:

The McFarlane Report - cost, confusion and conflict?

Article Abstract:

The Auditing Practices Board's paper, 'The Future Development of Auditing,' raises several debatable issues. Its proposal to expand auditor responsibilities is problematic because it seems to solve non-audit problems with audit solutions. Concerns regarding business performance and its accounting should not be placed under the domain of auditors but should remain as management functions. Moreover, the proposition requiring auditors to reporton potential business risks is unacceptable. Again, assessment and handling of risks should remain under the jurisdiction of management. Besides, the trainingof auditors does not incorporate assessment of risks and such an expansion of responsibility will only raise cost burdens. Auditor independence, rotation of auditors and disclosure of auditor's non-audit relationships are also discussed.

Standards, Practice, Auditors, Auditing Practices Committee

---

Just another tool of your trade

Article Abstract:

The use of computers by accounting firms can be further maximized to gain a competitive advantage. The key to better utilization of the power of information technology may lie in the simple transformation of the perspective in which computers are currently held. Computers should be seen not as simple processors of numerical information but as vital tools that can help maximize the decision making and management functions of accounting firms.

Usage, Software, Technology application, Accounting firms, Accounting services, Accounting, Decision support systems, Accounting software

---

Similar abstracts:

• Abstracts: Inflation and the current cost confusion. The accountant's extraordinary predicament. Analysing inflation on historical trading profit
• Abstracts: Going to the government, cap in hand. How to avoid the trap of insider dealing. How can we protect our ideas?
• Abstracts: Auditors' behavior in an audit conflict situation: a research note on the role of locus of control and ethical reasoning
• Abstracts: The summary report - improving communications with individual investors. The case against chronology
• Abstracts: The US debt hangover and its consequences. The recession ain't over 'til it's over

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.