fied then the auditor or the firm will have their practising certificate withdrawn as a last resort.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.
The first paper mill in North America was built by the Spanish in Mexico City in 1575. The first paper mill in what became the United States, built by Dutch papermaker William Rittenhouse, was constructed in 1690 near Philadelphia and used rags to produce paper.