Questions from Accounting for Government and Non-Profit

Q: Rene Ritter opened a small grocery and related-products convenience store

Rene Ritter opened a small grocery and related-products convenience store in 1989 with money she had saved working as an A&P store manager. She named it Ritter Dairy and Fruits. Because of the excelle...

Q: The use of audit software has increased dramatically in recent years.

The use of audit software has increased dramatically in recent years. Software is now used to fulfill administrative functions in the audit environment, document audit work, and conduct data analysis....

Q: Discuss the similarities and differences between evidence in a legal case and

Discuss the similarities and differences between evidence in a legal case and evidence in an audit of financial statements.

Q: What are the two AICPA resource centers to which CPA firms may

What are the two AICPA resource centers to which CPA firms may belong? What are the primary purposes of the two centers?

Q: Describe what is meant by an audit program for accounts receivable.

Describe what is meant by an audit program for accounts receivable. What four things should be included in an audit program?

Q: Explain why the auditor can be persuaded only with a reasonable level

Explain why the auditor can be persuaded only with a reasonable level of assurance, rather than convinced, that the financial statements are correct.

Q: Identify the two factors that determine the persuasiveness of evidence. How

Identify the two factors that determine the persuasiveness of evidence. How are these two factors related to audit procedures, sample size, items to select, and timing?

Q: Identify the six characteristics that determine the reliability of evidence. For

Identify the six characteristics that determine the reliability of evidence. For each characteristic, provide one example of a type of evidence that is likely to be reliable.

Q: List the eight types of audit evidence included in this chapter and

List the eight types of audit evidence included in this chapter and give two examples of each.

Q: What are the characteristics of a confirmation? Distinguish between a confirmation

What are the characteristics of a confirmation? Distinguish between a confirmation and external documentation.