Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Presentation on
What are the challenges faced by a project auditor in developing countries? Suggest
practical ways to tackle them. Explain with specific examples.
Presented By:
Bhawesh Mandal
Roll No. 03/ CM III Sem.
Nepal Engineering College
Introduction
There are some challenges that we should understand that facing todays auditors in providing their
services to the client so as to establish a quality audit report
Source:
http://sitefinitytemp.acb.org.uk/whatwesay/scienc
e/audit/what_is_audit.aspx
Less time can be spend on more critical aspects of the clients financial statements
Avoiding Traps
Clients office are situated far from the auditors office (to reach for documents & other
information)
Auditors need to incur more costs not only for the transportation, but also for the whole project
(papers, printing, phone calls etc)
Source: http://www.free-management-ebooks.com/faqpm/quality-07.htm
10
By focusing on clients that value audits, audit firm can work on improving the audit quality
Auditors need to be willing to exercise more judgment in assessing areas of business risk
11
Because of financial challenges in auditing profession, auditors have recast their role as providing
value for the client neglecting their professional responsibility
Auditors need to flashback why they were granted a statutory mandate for performing audits for their
clients
12
Make sure they always obtain preliminary knowledge of the industry of the entity to be audited
Emphasized on payment method that can encourage their client to make payment soonest possible
13
Conclusion
Give opportunity for others to think about the challenges faced by auditing profession
today
Auditors must find the appropriate ways to overcome those challenges (reduced the
risk bared & to improve the quality of their audit works)
14
THE END
Any Comments/ Questions ?