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He decided that to avoid being fired, he would reduce or omit some of the standard auditing procedures listed in audit programs prepared by the partners.
If Thompson alleges and proves negligence on the part of Doyle and Jensen, she will be able to recover her loss.
Discuss whether you believe Hanover will be found liable to the purchasers of common stock.
The letter stated that there was a secret written agreement with the lessor modifying the lease and creating a capital lease
What a plaintiff who purchased securities must prove in a civil liability suit against a CPA.
Robertson finally acquiesced and the audited statements were issued without a going concern paragraph.
What theory or theories of liability, if any, are available to Whitlow & Company's customers and shareholders under common law?
Distinguish between the terms errors and fraud. What is the auditor's responsibility for finding each?
Distinguish between fraudulent financial reporting and misappropriation of assets. Discuss the likely difference between these two types of fraud.
Explain the auditor's responsibility to consider compliance with laws and regulations.
Describe what is meant by the cycle approach to auditing. What are the advantages of dividing the audit into different cycles?
Identify the four phases of the audit. What is the relationship of the four phases to the objective of the audit of financial statements?
Define what is meant by a management assertion about financial statements. Identify the three broad categories of management assertions.
What are specific audit objectives? Explain their relationship to the general audit objectives.
Which transaction-related audit objective has been violated if the acquisition had been capitalized as a fixed asset rather than expensed?
Distinguish between the existence and completeness balance-related audit objectives.
What is the auditor's responsibility related to the report of management?
Discuss the concept of "reasonable assurance" and the degree of confidence that financial statement users should have in the financial statements.
What circumstances related to the accounting treatment of the vendor allowances should increase an auditor's professional skepticism?
Explain the differences among management assertions about classes of transactions and events, management assertions about account balances, and management .
The total of the amounts on the accounts receivable listing agrees with the general ledger balance for accounts receivable.
Explain the difference between these two specific balance-related audit objectives.
Inquire of the client whether any accounts receivable balances have been pledged as collateral on long-term debt and determine.
Plan and design an audit approach based on risk assessment procedures.
What is the objective of an audit of internal control over financial reporting according to PCAOB auditing standards?