Questions from Accounting for Government and Non-Profit

Q: The long-term debt schedule on page 207 (indexed K

The long-term debt schedule on page 207 (indexed K-1) was prepared by client personnel and audited by AA, an audit assistant, during the calendar year 2011 audit of American Widgets, Inc., a continuin...

Q: This problem requires the use of ACL software, which is included

This problem requires the use of ACL software, which is included in the CD attached to the text. Information about installing and using ACL and solving this problem can be found in Appendix, pages 838...

Q: Planning is one of the most demanding and important aspects of an

Planning is one of the most demanding and important aspects of an audit. A carefully planned audit increases auditor efficiency and provides greater assurance that the audit team addresses the critica...

Q: Identify the eight major steps in planning audits.

Identify the eight major steps in planning audits.

Q: What are the responsibilities of the successor and predecessor auditors when a

What are the responsibilities of the successor and predecessor auditors when a company is changing auditors?

Q: What factors should an auditor consider prior to accepting an engagement?

What factors should an auditor consider prior to accepting an engagement? Explain.

Q: What is the purpose of an engagement letter? What subjects should

What is the purpose of an engagement letter? What subjects should be covered in such a letter?

Q: Explain why auditors need an understanding of the client's industry.

Explain why auditors need an understanding of the client's industry. What information sources are commonly used by auditors to learn about the client's industry?

Q: What is the purpose of the client's performance measurement system? How

What is the purpose of the client's performance measurement system? How might that system be useful to the auditor? Give examples of key performance indicators for the following businesses: (1) A cha...

Q: What is the purpose of the AICPA's Code of Professional Conduct restriction

What is the purpose of the AICPA's Code of Professional Conduct restriction on commissions as stated in Rule 503?