Relationship between Banks External Auditors and Bank Supervisors - Coursework Example

The current study “Corporate Governance in The Kingdom of Saudi Arabia” aims to determine the influence of corporate governance on the role of auditors in Saudi Arabia.... ... t is also contributory to implementation of support systems that allow the achievement of stakeholder goals....

Outline directors' and auditors' responsibilities in determining whether a company is a “going concern.... ???... ... irectors' Responsibilities ... he assessment as to whether a company can carry on as a going concern or not, is one which is the director's responsibility.... ...

auditors routinely perform audits of quantifiable information, including companies' financial statements and individuals' federal income tax returns.... auditors routinely perform audits of quantifiable information, including companies' financial statements and individuals' federal income tax returns.... auditors also perform audits of more subjective information, such as the effectiveness of computer systems, the efficiency of manufacturing operations and also some others such as social audit and environment audit1....

The value of auditing depends heavily on the public's perception of the independence of auditors.... Examples of circumstances that may create this threat include but are not limited to: a direct financial interest or material indirect financial interest in an assurance client; a loan or guarantee to or from an assurance client or any of its directors or officers; undue dependence on total fees from an assurance client; concern about the possibility of losing the engagement; having a close business relationship with an assurance client; potential employment with an assurance c lient....

bank credit has since recovered in a number of countries, and there have been significant changes in banking structure, performance and risk management capacity. ... IMF 2002 According to the study done by the bank of International Settlements (2006) there are five areas to consider in banking deregulation.... The first is the trends in bank credit.... bank credit to the private sector has recently risen in a number of emerging market economies, partly because of stronger demand for loans associated with robust growth and low interest rates, and partly because of greater supply of loans associated with improved bank balance sheets....

This Journal has been included herewith because it presents a comprehensive discussion on role of Internal auditors and the expectations from them from a legacy perspective and Peter Rickard is an Accountant specialized in Audit and Fraud Control along with being the member of Performance Management International.... These measurements are carried out by continuous auditing mechanisms practiced by Internal auditors such that timely alerts can be raised against negative trends or non-compliances within the system....

But the external auditors have much more responsibly on their shoulders to reveal the truth and facts of the firm (Singh, 2007, p.... "Audit and Accountability Issues" paper identifies the ways might the FSA make greater use of an auditor's knowledge about an individual bank to help improve the effectiveness of supervision, and discusses specific risks auditors need to consider when conducting audits during the credit crunch.... The auditors might know the financial condition of the bank but the bank authority might not want to tell it, anyone....

The paper "Inherent Risk Factors - Bendigo bank " is a perfect example of a finance and accounting case study.... The paper "Inherent Risk Factors - Bendigo bank " is a perfect example of a finance and accounting case study.... The paper "Inherent Risk Factors - Bendigo bank " is a perfect example of a finance and accounting case study.... However, Bendigo bank endeavors to measure the various types of risks from a centralized perspective and restrain the total volume of risk within the limits of its capital (Richard, 2009)....