Saturday, March 16, 2019

Is the Operation of Auditing Necessary? Essay examples -- Business Eth

IS THE OPERATION OF AUDITS NECESSARY?We need to take c be that scrutinise is about achieving customer satisfaction in order to get hold of repeat traffic and over both increase high society revenue.What is business ethical motive? The ethics of a particular business can be diverse. subscriber line ethics is the behavior that a business devotes to in its daily traffic with the world. Auditing is the analysis and inspection of the financial accounts/records whether or not a company has a qualified accountant and procedures of a firm or organization. This is prerequisite to gain a fair information on the companys financial statements. With its auditing, potential investors and creditors can look at the financial statements to influence whether to invest in a business or not. Moreover, auditing is important as it also protects the public from scams and corrupt business procedures. So, is an audit process mandatory? Yes, I believe it is an essential part for every businesss ethics , which is literally in order to do the right thing and charge how they should behave regarded as moral values. Many businesses have gotten a prominent reputation by behaving unethically in order to survive in this competitive age. Some people may argue that most businesses are solely interested in making money, which could be viewed as capitalism. It is not wrong to earn money in itself. This is the reason and the manner all companies exist. And, some companies actually are not aware of the importance of its auditing. They just think that its a waste of money and time. This aspect is the major drawback in these companies as customer doesnt depend on these companies for massive and their business is affected in long terms. They need to understand that an audit is about achieving customer sat... Inagaki, Japan Prosecutors Charge Olympus, Executives. Wall Street Journal, parade 7, 2012Paine, L. S. 1994, Managing for Organizational Integrit y. Harvard Business Review (March-April), 106117.W. Dunfee and Patricia Werhane., Report on Business ethics Thomas in North America What Is The Importance Of Audit, And Its Advantages & Disadvantages?, http//, Preeti. Auditing Scam in Jagan Reddys Firm, Nov.-Dec. 2011. Web. 01 Apr. 2012. .(16). Time (2002) The End of Arthur Andersen? Retrieved April 19, 2003 from the World Wide Webhttp//,8599,216386,00.htmlThe Sarbanes-Oxley Act 2002. The Sarbanes-Oxley Act 2002. Web. 01 Apr. 2012. .

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