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explain how the concepts of audit risk and materiality are related must an auditor make a decision on materiality in
1distinguish between auditing standards and generally accepted accounting principles and give two examples of
1the responsibilities principle requires that auditors be responsible for having appropriate competence and
auditors make materiality judgments during the planning phase of the audit in order to be sure they ultimately gather
information is data that is framed in a specific context in this sense information is contextual data that has a level
1auditing standards have been criticized by different sources for failing to provide useful guidelines for conducting
the purpose of the final project paper is for you to culminate the learning achieved in the course by describing your
assume that the auditor is auditing accounts receivable for a long-time client the auditor has assessed the risk of
sarah ohann enjoyed taking her first auditing course as part of her undergraduate accounting program while at home
you have been asked to make a presentation in your international business class about how globalization is impacting
1explain why auditors reports are important to users of financial statements and why it is desirable to have standard
1list the eight parts of a standard unqualified audit report for a non public entity and explain the meaning of each
1what four circumstances are required for a standard unqualified report to be
1compare the wording in the standard unqualified report for a non public entity under aicpa auditing standards in
when evaluating an attributes sample why is the focus on the upper limit of deviations in the sample if the upper
assume that you are using attribute sampling to test the controls over revenue recognition of the packet corporation a
1describe what is meant by reports involving the use of other auditors what are the three options available to the
various types of accounting changes can affect audit reporting aicpa auditing standards indicate that an emphasis of
define the following terms a misstatement b factual mis- statement c projected misstatement d tolerable misstatement
1what are the six core ethical values described by the josephson institute what are some other sources of ethical
what are the strengths of mus provide at least three examples in which mus might be usedwhat are the difficulties that
assume you are planning the confirmation of accounts receivable there are 2000 customer accounts with a total book
what courses of action should the auditor consider pursuing when the results of the mus sample are unacceptable in
you are auditing floormart a retailer with 200 stores around the country it has two basic sizes of stores-minimarts
in the professional judgment in context feature presented we introduced you to 2004-2006 audits of thornton precision