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Starbucks and Dunkin Donuts

In: Business and Management

Submitted By MrMaverick
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Management: Bedrijfsdomeinen Accounting and auditing Financial misstatements and/or errors are likely to occur in the accounting reports of many firms for a variety of reasons that might involve the complexity of financial information as well as an intent to deceive (e.g. by tampering with the earnings figure of a firm), or even to hide criminal activities such as money laundering. This is why auditing the financial results of a firm, although not always required by law, often proves useful to investors and shareholders (for example to assess the state of the company), the fiscal authorities (for example to detect fraud), etc. Auditing is performed within a given framework of rules and transparency in order to avoid possible conflicts of interests, bribes or frauds, yet accounting scandals and questionable auditing practice regularly make the news. The purpose of this paper is to rely on evidence from the international news to discuss the whereabouts of external auditing. The role of external auditors and the risks they have to avoid will be particularly discussed.

The role

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