Determinants of Greenhouse Gas Assurance †MyAssignmenthelp.com

Question: Discuss about the Determinants of Greenhouse Gas Assurance. Answer: In this answer, the Analytical process organized on the financial report of DIPL for the audit work has been explained. The audit plans were developed after analyzing the financial report of the company. The audit plan that has been specifically developed for the audit function should be strictly followed as a guideline during the performance of audit function (Knechel and Salterio 2016). The assessor has an important task to maintain the costs of audit within the reasonable level. It is also the responsibility of the assessor to reduce the probability of misunderstandings with the customers within the reasonable level. The financial reports for DIPL analytical process would be used, it refers to the broadcast of information that can be accessed from the financial report of the business organization. The given process is weighted or calculated as per the use of different mechanisms (Simnett et al. 2016). It is significant to understand the declaration in the financial reports. It is because after analyzing the information where many accountants as well as financial analysts makes decision related to the application of the analytical method. The primary objective of the analytical approach using common sizing is to make evaluation based on the common points. However, it is helpful in comparing financial the financial statement for a particular period. The assessor is also responsible for evaluating and verifying the different line of items that are reported in the financial report (Junior et al. 2014). This includes how items are recorded in the financial statement like net liabilities, net assets, movement in equity of the owner and verifying the debtor after checking and comparing it with the normal works. The benchmarking is one of the significant analytical process that can be applied as an audit process. In addition to this, deflection from the result of original financial report from that of benchmark results are identified. The deviation are analyzed and the cause for the deviation is identified so that any defect can be changed and the real trouble cab be explained (Greer et al. 2017). In order to make the audit plan for the assessment the essential analytical approach should be followed are comparative analysis of the financial reports and another significant tool that can be used is ratio-analysis. Explanation in which the result can be manipulated The planning results are generally described and it has been performed during the audit planning that affects the total analytical approach. This procedure is taken for the reason of getting information from the financial statement. One significant role played by ratio analysis is that it helps to get knowledge about the companys financial position and performance (Green et al. 2017). The ratio that indicates the profit margin of the company is the profitability ratio. It represents profits that the organization earned and looks at the overall firms performances. The past three years ratio of profitability of DIPL from 2013-2015 are 6.90%, 6.08% and 6.84% etc. The current ratio that helps in confirming and assessing the liquidity position of DIPL for the year 2013-2015 is 1.42, 1.46 and 1.5 etc.Ideal Current ratio is generally 2:1. The ratio of solvency of DIPL for the year 2013-2015 is .62,.44 and .21.Net cash inflows stays adequate for both meeting of short term as well as long term liabilities for DIPL after comparing the ratio results for 2013-2015. The assessors role is ultimately to understand the companys relative position by analyzing 3 years performance and analyzing all aspects that might move towards some unwanted or unfavourable situation of any business organization. Reference Green, W., Green, W., Taylor, S., Taylor, S., Wu, J. and Wu, J., 2017. Determinants of greenhouse gas assurance provider choice.Meditari Accountancy Research,25(1), pp.114-135. Greer, P., Legge, K., Miri, N., Vial, P., Fuangrod, T. and Lehmann, J., 2017. OC-0537: A remote EPID-based dosimetric auditing method for VMAT delivery using a digital phantom concept.Radiotherapy and Oncology,123, pp.S285-S286. Junior, R.M., Best, P.J. and Cotter, J., 2014. Sustainability reporting and assurance: A historical analysis on a world-wide phenomenon.Journal of Business Ethics,120(1), pp.1-11. Knechel, W.R. and Salterio, S.E., 2016.Auditing: Assurance and risk. Taylor Francis. Simnett, R., Carson, E. and Vanstraelen, A., 2016. International Archival Auditing and Assurance Research: Trends, Methodological Issues, and Opportunities.Auditing: A Journal of Practice Theory,35(3), pp.1-32.