Questions from Auditing and Assurance

Q: This problem is based on the JA Tires data that was introduced

This problem is based on the JA Tires data that was introduced in early chapters. In problem 14-32 you used audit software to test the entire population of transactions for certain attributes. However...

Q: List three audit procedures that are primarily for the detection of fraud

List three audit procedures that are primarily for the detection of fraud and state the type of fraud the procedure is meant to uncover.

Q: Identify two types of substantive analytical procedures an auditor may perform in

Identify two types of substantive analytical procedures an auditor may perform in testing purchases.

Q: You are responsible for designing the audit of notes receivable for Hickory

You are responsible for designing the audit of notes receivable for Hickory Appliance Retailers, which sells appliances and electronics to consumers for their homes or small businesses. Hickory Applia...

Q: With advances in technology, an increasing number of data analysis techniques

With advances in technology, an increasing number of data analysis techniques are being used on audit engagements to increase both efficiency and effectiveness. In an article titled “Introduction to D...

Q: The following misstatements are sometimes found in the sales and collection cycle’s

The following misstatements are sometimes found in the sales and collection cycle’s account balances: 1. Several cash receipts were posted to the incorrect customer accounts. 2. A shipment made in the...

Q: What is meant by the term level of assurance? How does

What is meant by the term level of assurance? How does the level of assurance differ for an audit of historical financial statements, a review, a compilation, and a preparation engagement?

Q: What are the major differences between (a) audit sampling

What are the major differences between (a) audit sampling for tests of controls and substantive tests of transactions and (b) audit sampling for tests of details of balances?

Q: How does stratifying an account balance population for sampling differ from using

How does stratifying an account balance population for sampling differ from using data analytics to audit the entire balance?

Q: What is the relationship between ARIA for tests of details of balances

What is the relationship between ARIA for tests of details of balances and ARO for tests of controls?