Summary
Summary seminar IRE
- Course
- Institution
Summary of slides and notes from the guest lecture by IBR (November 16, 2022)
[Show more]
Seller
Follow
amsch1
Reviews received
Content preview
AUDIT – THE PROFESSION –IBR/IRE
WHAT IS A REGISTERED AUDITOR?
Assignments for an auditor
Statutory audit (daily work)
Legal assignments: assignments given by the law, give all the shareholders the right information
Contractual assignments
Works council: smallest part, but important; informing shareholders about the figures, obligated when
> 100 VTE’s
Statutory auditor: objective
Financial statements
Goal: reasonable assurance materiality
Stakeholders
Mandatory appointment of statutory auditor when exceed 2 of 3 criteria
Balance sheet total > 4 500 000 EUR
Turnover > 9 000 000 EUR
50 employees
Legal assignments
See information given by board of directors, that these are reliable
Shareholders want to make decisions based on correct information
Be critical to the information you receive
Contribution in kind
Change of legal form
Liquidity test
Dissolution
Mergers and divisions
Issuance of shares
Contractual assignments
Due diligence investigation (analysis of financial information – acquisitions / investments)
o Often for mergers
Restructuring
Forensic expert appraisal
ESG reporting (Environment – Social – Governance)
o Quite recently, a lot of greenwashing today
Assessment of internal control and administrative organization
Contract for the performance of agreed upon procedures
Stakeholders
Audit clients Shareholders
Banks Financial analysts
Suppliers …
Investors
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller amsch1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.23. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73918 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now