Questions from Auditing and Assurance

Q: The following audit procedures are included in the audit program because of

The following audit procedures are included in the audit program because of heightened risks of material misstatements due to fraud. 1. Use audit software to search cash disbursement master files for...

Q: Auditors are required to make inquiries of individuals in the company when

Auditors are required to make inquiries of individuals in the company when gathering information to assess fraud risk. Identify those with whom the auditor must make inquiries.

Q: Describe the purpose of corporate codes of conduct and identify three examples

Describe the purpose of corporate codes of conduct and identify three examples of items addressed in a typical code of conduct.

Q: Identify three verbal and three nonverbal cues that may be observed when

Identify three verbal and three nonverbal cues that may be observed when making inquiries of an individual who is being deceitful.

Q: The proliferation of information technology (IT) has made governance of

The proliferation of information technology (IT) has made governance of IT an important issue for businesses of all sizes and types, as well as their auditors. The IT Governance Institute has develope...

Q: Distinguish management's responsibility from the audit committee's responsibility for designing and implementing

Distinguish management's responsibility from the audit committee's responsibility for designing and implementing antifraud programs and controls within a company.

Q: You have identified a suspected fraud involving the company's controller. What

You have identified a suspected fraud involving the company's controller. What must you do in response to this discovery? How might this discovery affect your report on internal control when auditing...

Q: The following misstatements are included in the accounting records of the Joyce

The following misstatements are included in the accounting records of the Joyce Manufacturing Company: 1. A shipment to a customer was not billed because of the loss of the bill of lading. 2. A sales...

Q: Name the three categories of inquiry and describe the purpose of each

Name the three categories of inquiry and describe the purpose of each when used by an auditor to obtain additional information about a suspected fraud.

Q: The following questions address fraud risk factors and the assessment of fraud

The following questions address fraud risk factors and the assessment of fraud risk. a. Because of the risk of material misstatements due to fraud (fraud risk), an audit of financial statements in acc...