Questions from Auditing and Assurance

Q: Identify five Internet sites that contain accounting or auditing resources. For

Identify five Internet sites that contain accounting or auditing resources. For each site identified, prepare a brief summary of the types of information that are available. For example, the PCAOB’s h...

Q: Search the Internet for information on labor costs in the retail catalog

Search the Internet for information on labor costs in the retail catalog industry (e.g., LO 12-11 labor costs as a percentage of sales). Executive compensation ballooned in the 1990s, and as highlight...

Q: Visit the website of a catalog retailer similar to Earth Wear Clothiers

Visit the website of a catalog retailer similar to Earth Wear Clothiers and determine how it processes sales transactions, recognizes revenue, and reserves for returns.

Q: While it is a relatively rare event, companies do change auditors

While it is a relatively rare event, companies do change auditors. Use the Internet to identify an auditor change? Pick one auditor change and investigate the information provided by management and th...

Q: Visit the Institute of Internal Auditors (IIA) home page (

Visit the Institute of Internal Auditors (IIA) home page (www.theiia.org) and familiarize yourself with the information contained there. Search the site for information about the IIA’s requirements fo...

Q: Define auditing, attest, and assurance services.

Define auditing, attest, and assurance services.

Q: Earth Wear Clothiers makes high-quality clothing for outdoor sports.

Earth Wear Clothiers makes high-quality clothing for outdoor sports. It sells most of its products through mail order. Use the Internet to obtain information about the retail mail-order industry.

Q: Auditors are required to obtain and support an understanding of the entity

Auditors are required to obtain and support an understanding of the entity and its environment in order to identify business risks. Much of the information needed to identify the risks can be obtained...

Q: Search the SEC’s website (www.sec.gov) or

Search the SEC’s website (www.sec.gov) or elsewhere on the Internet to identify a company that has been recently cited by the SEC for financial reporting problems related to inventory. Prepare a memo...

Q: Use an Internet browser to search for the following terms:

Use an Internet browser to search for the following terms: Electronic data interchange (EDI). Image-processing systems. Prepare a memo describing EDI and image-processing systems. Discuss the implicat...