fied then the auditor or the firm will have their practising certificate withdrawn as a last resort.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.
A bird's-eye view of Pawtucket, Rhode Island, where Slater built his first cotton mill. The First American Cotton Mill Began Operation. December 20, 1790. Samuel Slater built that first American mill in Pawtucket based on designs of English inventor Richard Arkwright. Though it was against British law to leave the country if you were a textile worker, Slater fled anyway in order to seek his fortune in America.