fied then the auditor or the firm will have their practising certificate withdrawn as a last resort. The typical structure of an audit department in an audit firm is shown in Figure 2.1. External auditorâs reports to users and to management Audit reports are the end product of the work and must be completed to the highest standard.
The Piedmont area was developed for industry, based on using the water power of the fall line. With the advantage of the Catawba River, Lincolnton was the site of the first textile mill built in North Carolina, constructed by Michael Schenck in 1813. It was the first cotton mill built south of the Potomac River.
Learn More in these related articles: textile: Power-driven looms. The first power-driven machine for weaving fabric-width goods, patented in 1785 by Edmund Cartwright, an English clergyman, was inadequate because it considered only three motions: shedding, picking, and winding the woven cloth onto the cloth beam.