Hotel Management Interview Paper Essay Example | Topics and Well Written Essays - 750 words

Hotel Management Interview Paper - Essay ExampleWhere the internal auditor is not trustworthy, a random independent audit will help the agreement to detect fraud and financial errors that lead to a fair and true reflection of the organizations financial position.Moreover, a random independent audit helps business owner to establish the effectiveness of specific business operations and the performance of confused departments (Kotan Australia, 2011). The audit exposes the errors of omission and commission in the companys financial statements and prevents the reoccurrence of such errors in the future. Ideally, a random independent audit delivers a crowned head opinion on the organizations financial condition since independent auditors seek to establish the truth and fairness of financial statements (Kotan Australia, 2011). The sovereign opinion by an independent auditor helps the management to make informed decisions. More so, a random independent audit is a fundamental requirement fo r all state-supported companies. As such, it enhances compliance to audit and accounting requirements (Kotan Australia, 2011). A random independent audit would equally help in promoting the goodwill and competiveness of a company.PricewaterhouseCoopers (PWC) is an accounting sozzled that would do a random independent audit (PwC, 2014) I contacted PWC and sought their comment on the benefits and costs of a random independent audit. PricewaterhouseCoopers noted that approximately companies hire independent auditors or external auditors to inspect their financial statements. The main objective of hiring independent auditors is to offer independent opinion of a companys financial position. Independent auditors provide an independent opinion that reflects the true and fair financial position of the company. Independent auditors atomic number 18 more proficient than internal auditors are and hence organizations and their