Questions from Auditing and Assurance

Q: What reporting options are available if predecessor auditors examined prior years’ financial

What reporting options are available if predecessor auditors examined prior years’ financial statements presented in comparative form?

Q: Briefly describe the options and information provided by auditors when engaged to

Briefly describe the options and information provided by auditors when engaged to report on (a) summary financial statements and (b) supplementary information?

Q: To whom is the auditors’ report addressed?

To whom is the auditors’ report addressed?

Q: Identify four primary periods in an audit examination and the tasks and

Identify four primary periods in an audit examination and the tasks and activities that occur in each.

Q: What are the audit requirements for nonpublic and public entities?

What are the audit requirements for nonpublic and public entities?

Q: How are analytical procedures used near the end of the audit?

How are analytical procedures used near the end of the audit?

Q: Identify the four major sections of the auditors’ standard (unmodified)

Identify the four major sections of the auditors’ standard (unmodified) report for a nonpublic entity and the major contents of each section.

Q: Ambrose is auditing the financial statements of Mays (dated December 31

Ambrose is auditing the financial statements of Mays (dated December 31, 2017). The date of the auditor’s report is February 17, 2018, and the audit report release date is February 20, 2018. For which...

Q: Identify the reports that accompany the financial statements of public entities and

Identify the reports that accompany the financial statements of public entities and nonpublic entities.

Q: What are the responsibilities of (a) client management, (

What are the responsibilities of (a) client management, (b) auditors, and (c) the client’s attorneys with respect to obtaining evidence regarding litigation, claims, and assessments?