Questions from General Auditing


Q: The audit program for the revenue account for a client has been

The audit program for the revenue account for a client has been drafted. The following item appears: Required: a. Does the procedure address the stated assertion? Explain. b. If your answer to part...

See Answer

Q: The audit program for the revenue account for a client has been

The audit program for the revenue account for a client has been drafted. The following item appears: Required: a. Does the procedure address the stated assertion? Explain. b. If your answer to part...

See Answer

Q: The audit program for the revenue account for a client has been

The audit program for the revenue account for a client has been drafted. The following item appears: Required: a. Does the procedure address the stated assertion? Explain. b. If your answer to part...

See Answer

Q: Conversations between the board of directors of Acme Ltd. and the

Conversations between the board of directors of Acme Ltd. and the engagement partner of the financial audit, Angelo Del Santo, have revealed that Acme uses three legal firms. Ball and Partners perform...

See Answer

Q: Mohammad Amed is responsible for preparing bank reconciliations at Ajax Ltd.

Mohammad Amed is responsible for preparing bank reconciliations at Ajax Ltd. Ajax has many bank accounts, including separate accounts for each major branch, imprest accounts for salaries and dividends...

See Answer

Q: Solar Tube Gen is a start-up company in the renewable

Solar Tube Gen is a start-up company in the renewable energy sector. The founder, Fritz Herzberg, has developed cutting-edge technology to convert the energy in the sun’s rays to electricity via a nov...

See Answer

Q: Securimax Limited has been an audit client of KFP Partners for the

Securimax Limited has been an audit client of KFP Partners for the past 15 years. Securimax is based in Waterloo, Ontario, where it manufactures high-tech armour-plated personnel carriers. Securimax o...

See Answer

Q: Max Crowe is a junior auditor who has just started with the

Max Crowe is a junior auditor who has just started with the team conducting the audit of a new client in the construction industry. Max is “shadowing” Susan Wong, an experienced auditor. Susan is show...

See Answer

Q: Jennifer Daoust is reading the documents prepared by the members of the

Jennifer Daoust is reading the documents prepared by the members of the team working on the audit of receivables for a large client. Jennifer is the senior manager assisting the engagement partner, Ru...

See Answer

Q: Answer the following questions based on the information presented for Cloud 9

Answer the following questions based on the information presented for Cloud 9 in Appendix A and in the current and earlier chapters. You should also consider your answers to the case study questions i...

See Answer