audit memo
Instructions
Please rewrite the content that attached below in your own words. (except some professional terms)
Answer
An analytical view of the financial books of the Alpine Cupcake Inc. in combination with the results of the audit risk assessment which was performed by Garcia and Forster demonstrates sensitive outcomes that are of great concern to the stakeholders. As compared to the internal audit, reports, the corporations reporting is marred by many material misstatements. This variation indicates a level of negligence or failure to follow due diligence and the necessary reporting standards set by the International Financial Reporting Standards. Similarly, the reporting done by Garcia and Forster does not take into account the required reporting metrics of auditing. Normally, the presence of an effective internal audit system is supposed to help in detecting, minimizing, and preventing discrepancies i...
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