Questions from Auditing and Assurance

Q: What type of report should be issued when auditors are not independent

What type of report should be issued when auditors are not independent with respect to the entity?

Q: What kinds of functional responsibilities should be performed by different departments or

What kinds of functional responsibilities should be performed by different departments or persons in a control system with good separation of duties?

Q: What are some of the major areas of public accounting services?

What are some of the major areas of public accounting services?

Q: Define audit evidence.

Define audit evidence.

Q: What are the three broad types of governmental audits described by the

What are the three broad types of governmental audits described by the GAGAS issued by the GAO?

Q: How does the source of evidence affect its reliability?

How does the source of evidence affect its reliability?

Q: When are analytical procedures required during an audit engagement?

When are analytical procedures required during an audit engagement?

Q: What makes an account significant or an assertion relevant?

What makes an account significant or an assertion relevant?

Q: What might two endorsements on a canceled check indicate?

What might two endorsements on a canceled check indicate?

Q: What are some audit procedures that can be performed using CAATs?

What are some audit procedures that can be performed using CAATs?