Questions from Auditing and Assurance

Q: What is the typical content of attorney letters?

What is the typical content of attorney letters?

Q: Identify the two methods of evaluating the performance materiality of uncorrected misstatements

Identify the two methods of evaluating the performance materiality of uncorrected misstatements. What are the requirements of Staff Accounting Bulletin No. 108 for evaluating the performance materiali...

Q: Describe the audit documentation review process in a public accounting firm.

Describe the audit documentation review process in a public accounting firm.

Q: What is an engagement quality review?

What is an engagement quality review?

Q: What are some of the benefits of audit documentation review to a

What are some of the benefits of audit documentation review to a public accounting firm?

Q: What alternatives are available to auditors for reporting on the financial statements

What alternatives are available to auditors for reporting on the financial statements and internal control over financial reporting in the audit of public entities?

Q: What procedures do auditors perform to identify subsequent events?

What procedures do auditors perform to identify subsequent events?

Q: Identify the two types of subsequent events. How should information about

Identify the two types of subsequent events. How should information about these events be reflected in the financial statements?

Q: In addition to obtaining responses to attorney letters, what other procedures

In addition to obtaining responses to attorney letters, what other procedures can be used to gather audit evidence regarding litigation, claims, and assessments?

Q: What is an updated report? What is a reissued report?

What is an updated report? What is a reissued report?