Earthwear Clothiers Corporate Structure and Annual Report

Client Engagement
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Client Engagement
Earthwear Clothiers Corporate Structure and Annual Report
Earthwear Clothiers is an organization that specializes in creating clothing for sports in the outdoors. The majority of its merchandizes can be purchased through electronic mail. The corporate structure of the corporation is effectively divided into operational staff members and divisions. Accounting, human resources, and marketing are a few of the primary divisions in the Earthwear organization. All of these divisions report to the CEO, who controls the entire team and all other divisions. According to Earthwear, the business's annual report, the corporation has attempted to raise the rate of revenues by growing its market penetration and expanding the overall number of its consumers by offering high-quality products. The company also intends to use personalized email messages, web-based marketing, and product postings to increase consumer sales.
The business intends to grow its business operations as well. According to the report, the corporation has sent 160 million items worldwide. Each delivered issue presents a platform for Earthwear Clothiers to engage with its target audience (Earthweare Clothiers, 2015). Additionally, this helps the business's income and revenue grow. According to the annual financial statements of the business, Willis and Adams should take on Earthwear Clothiers as new customers because they have access to information that can be used.
Information related to the external auditing firm
Independence
An external auditing company, Willis and Adams, collaborates with its customers to conduct auditing procedures. When an entity is independent, it has access to the accounting records or any other documentation required to carry out the tasks of the auditing firm. The International Auditing and International Accounting Standards have allowed the independent auditors and the accounting company to carry out their responsibilities without regard for the customer's interests (Roussey, 2019). The external auditing company, Willis and Adams, is then expected to render a conclusion in light of the audit's results. The auditing firm's assessment must be free from external or internal interference.
Knowledge of Client Industry
The accounting company must be aware of the customer they are auditing, according to IAS 310 of the auditing standards. As a result of doing an inspection trip with the customer, Willis and Adams auditing company will approve EarthWear Clothiers as their latest client. Through the business minutes and other Earthwear Clothier legal paperwork, the accounting firm can also i...