Answered You can hire a professional tutor to get the answer.
Hello, I am looking for someone to write an essay on The Effect of Internal Audit Reports to Stakeholders on Audit Quality and Earnings Performance: An Empirical Study of the Companies Listed on the L
Hello, I am looking for someone to write an essay on The Effect of Internal Audit Reports to Stakeholders on Audit Quality and Earnings Performance: An Empirical Study of the Companies Listed on the London Stock Exchange (LCE). It needs to be at least 2500 words.
nt quality audit underpins the confidence in the credibility and the integrity of the financial statements, which is essential for the proper functioning of the markets and the enhancement of financial operations (Farouk and Hassan, 2014, p. 2). The internal audit department provides an objective, reliable, and neutral service to the management, the board of directors, and the audit committee (Ljubisavljević and Jovanovi, 2011, p. 124). However, the stakeholders are interested in a return on investments, sustainable growth, reliable reporting on financial performance, strong leadership, and business practices (Al-Matari, Al-Swidi and Fadzil, 2014, p. 35).
Recently, the issue of the globalization of auditing has gained more attention, and so the need for ensuring the quality of audit functions at different locations is essential. Similarly, the growth of investments across borders has increased, and thus the importance of evaluating the quality of financial statements attested to by audit firms has increased (Kleinman, Lin and Palmon, 2014, p. 62).
The responsibility of the auditor is not exclusively to satisfy the needs of individual customers or employees. The auditor is responsible to the decision makers, either internally or externally, since they use the information with the belief that there are no material misstatements in the financial statements (Hoa et al., 2014, p. 73). The responsibility of the auditor is, therefore, to act in the interest of the public, since the perception of audit quality is necessary to ensure public confidence in public accounting.
The Institute of Internal Auditors (2015, p.1) defines the essential purpose, nature, and extent of internal auditing. It identifies an internal audit as an independent and purposeful assurance and consulting undertaking that intends to improve the value and functions of a firm. It assists the organization in achieving outlined goals by establishing a systematic, disciplined methodology of assessing
