Family and early life [edit]. Edward, Jr., was the son of Edward L. and Lucille (Lewis) Moyers. He was born on October 3, 1928, near Meridian, Mississippi. Moyers graduated from Louisiana Tech University with a business degree in 1955.amily and early life [edit]. Edward, Jr., was the son of Edward L. and Lucille (Lewis) Moyers. He was born on October 3, 1928, near Meridian, Mississippi. Moyers graduated from Louisiana Tech University with a business degree in 1955.
Some of the benefits of having a good system of internal controls are: 1  Helping protect assets and reduce the possibility of fraud. 2  Improving efficiency in operations. 3  Increasing financial reliability and integrity.  Ensuring compliance with laws and statutory 1  regulations. Establishing monitoring procedures.
In the context of a company or a society, the auditor is appointed by the shareholders or members of the company or society in an annual general body meeting to express an opinion about the financial affairs. Thus the auditor is appointed by the shareholders and reports to them. The importance of an audit report stems from the fact that large corporations are managed by a small group of people who are called the directors of a company. They happen to handle and control large sums of money on behalf of the members.