Introduction “The auditing expectation gap refers to the difference between what the public and other financial statement users perceive auditors responsibilities to be and what auditors believe their responsibilities entail”. The audit expectation gap is very important to the auditing profession due to the reason that the higher the unfulfilled expectations from the public it means that the credibility will be lower. An audit expectation gap exists due to the complicated nature of an audit function, conflicting
According to Gay &Simnett (2004), an audit is a systematic process of objectivity obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondences between those assertions and established criteria and communicating the result to interested users. Assertions are divided into six different categories. The existence of assets and liabilities at a given date, whether they actually exist and whether the transactions recorded are present
Board of Directors “he had been manipulating the company’s accounting numbers for years”. Mr. Raju claimed that he overstated assets on Satyam’s balance sheet by $1.47 billion. Nearly $1.04 billion in bank loans and cash that the company claimed to own was non-existent. Satyam also underreported liabilities on its balance sheet. Satyam overstated income nearly every quarter over the course of several years in order to meet analyst expectations. For example, the results announced on October 17, 2009
does not have an accurate cadastral data set, the client does not know what land they administer, where it is, who it belongs to, or even where the services are being delivered to. This information gap cause a shortfall in revenue as billing is incomplete when compared to the land base. Thus a full land audit is necessary to get the full picture of what the situation of the ground looks
CONTENTS Title Page number CHAPTER-I Petroleum Industry Profile • Type of industry and its characteristics • Scope of industry in India • Market size and growth • Major players and market shares • Government initiatives and reforms • Demand analysis • Investments • Recent developments • Regulatory bodies • SWOT analysis • Facts and figures CHAPTER-II Oil and Natural gas Corporation Limited • Historical
CHAPTER ONE INTRODUCTION 1.1 Background to the Study In the aftermath of Johnson Matthey Bankers’, Enron Corporation, WorldCom incorporated failure and a good number of other corporate financial scandals, issues of corporate governance became the focus of public discussion, as poor governance practice was identified as a major contributor to most of the failures. Furthermore, the tragic event of the Russian financial scandal and Asian financial
CHAPTER: 1 INTRODUCTION 1.1 INTRODUCTION OF THE TOPIC BROAD AREA OF THE STUDY Consumer awareness of covering the customer the impression that awareness and consciousness about the company or its products. Customer perception is usually affected by advertising, reviews, public relations, social media, personal experiences and other channels. Perception is broader. It is a complex process, and the fact that a person in which to stimulate the surrounding tissue and has a meaning to it. Perception describes
Internship Report on “MARKETING STRATEGY AT KARVY TO INCREASE DEMAT ACCOUNT: A STUDY CONDUCTED AT KARVY STOCK BROKING LIMITED” BY SHREEDEVI MASOTE USN: 1RG13MBA16 SUB-CODE:12MBA47 Submitted to VISVESVARAYA TECHNOLOGICAL UNIVERSITY, BELGAUM In partial fulfillment of the requirements for the award of degree of MASTER OF BUSINESS ADMINASTRATION Under the guidance of INTERNAL GUIDE EXTERNAL GUIDE Mr. PRASANNA HN Mr.NATESH K DEPARTEMET OF MBA CLUSTER HEAD OF RGIT, BANGALOR KARVY