Questions from Auditing and Assurance

Q: Where could an auditor look to find evidence of (a)

Where could an auditor look to find evidence of (a) losses on purchase commitments or (b) unrecorded liabilities to vendors?

Q: In substantive procedures, why is the emphasis on the completeness assertion

In substantive procedures, why is the emphasis on the completeness assertion for liabilities instead of on the existence assertion as in the audit of assets?

Q: What items in a client’s PP&E and depreciation schedule give

What items in a client’s PP&E and depreciation schedule give auditors points of departure (assertions) for audit procedures?

Q: What methods are used to audit other expense accounts?

What methods are used to audit other expense accounts?

Q: What key control concept was missing at Argus Productions?

What key control concept was missing at Argus Productions?

Q: What is an audit plan? During which stage of the audit

What is an audit plan? During which stage of the audit is an audit plan prepared?

Q: What evidence could the verbal inquiry audit procedure provide in “Printing

What evidence could the verbal inquiry audit procedure provide in “Printing (Copying) Money”?

Q: Your long-time client, Central Office Supply, has been

Your long-time client, Central Office Supply, has been rapidly expanding, and the board of directors is considering taking the company public. CEO Terry Puckett has heard that costs of operating a pub...

Q: If Lee had not been seen taking employees out in a limousine

If Lee had not been seen taking employees out in a limousine, how else could she have been caught?

Q: How would a policy of mandatory vacations have helped discover the Beta

How would a policy of mandatory vacations have helped discover the Beta fraud?