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      <title>My sublime padlet by Zakaria Sanuwan</title>
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      <description>Made with an open mind</description>
      <language>en-us</language>
      <pubDate>2016-10-21 16:01:28 UTC</pubDate>
      <lastBuildDate>2016-10-22 13:53:44 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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         <title>10 new Knowledges from the scandal&amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp; &amp;nbsp;</title>
         <author>zakaria_sanuwan</author>
         <link>https://padlet.com/zakaria_sanuwan/zrjui2ortc2r/wish/132387616</link>
         <description><![CDATA[<div>1)      The auditors are the one who responsible in make sure the all of the stakeholder to gain the understanding of the organization’s performance itself. For Instance, financial reporting and highlight fraud and error.      <br> 2)      In order to make sure the quality of their services (in term of accountability and professional legitimacy) is unquestionable, the Accounting Firms are established so that they can ensure their quality is consistence. [paragraph 4, line 8]                                                         <br> 3)      Through Auditors, the Investors ease their task in supervise the internal stakeholder performance. If they wish to use the other alternative, it will discourage the growth of the company and of course, not be cost effective. [paragraph 7-8]                                                <br> 4)       Auditors, as its responsibility to evaluate the internal control system and confirm the accounts involve with a third party, is to be the intermediaries between the investors and the internal stakeholder. [paragraph 9]<br>5)      Without the service of the Auditor, any company that disobey to use them will have to face the risk of getting collapse, resulting great loss to the investors and job loss to the workers. [paragraph 12]              6)      In audit, one of the concerned issue is that they does not provide the accurate opinion, but provide only reasonable assurance in general. [paragraph 15]        <br>7)      By undergoing audit process, it help any business(including private businesses) to obtain loans from banks [paragraph 16]                  8)      The factors that influence are the separation of the audit committee from the management, reputation of the auditor, legal risk and regulation[paragraph 17-21]<br>9)      Greater competition among the audit firms will help to complement the needs of better audit service among the businesses. [paragraph 25]                                       <br>10)   Appointing of the auditors by the government itself would reduce any chance of fraud risk. [paragraph 27]  </div>]]></description>
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         <pubDate>2016-10-21 16:02:08 UTC</pubDate>
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