Questions from Auditing and Assurance

Q: Explain what is meant by the following statement: “When sampling

Explain what is meant by the following statement: “When sampling, the auditors should determine that the physical representation of the actual population is complete.”

Q: During your audit of a small manufacturing firm, you find numerous

During your audit of a small manufacturing firm, you find numerous checks for large amounts drawn payable to the treasurer and charged to the Miscellaneous Expense account. Does this require any actio...

Q: Explain the auditors’ responsibility for testing compliance with laws and regulations in

Explain the auditors’ responsibility for testing compliance with laws and regulations in an audit in accordance with generally accepted auditing standards.

Q: Describe the scope of activities of an internal auditing function.

Describe the scope of activities of an internal auditing function.

Q: Identify the three types of audits that a governmental organization might obtain

Identify the three types of audits that a governmental organization might obtain.

Q: Describe the additional documentation requirements of Generally Accepted Government Auditing Standards.

Describe the additional documentation requirements of Generally Accepted Government Auditing Standards.

Q: Describe the ethical principles set forth in Generally Accepted Government Auditing Standards

Describe the ethical principles set forth in Generally Accepted Government Auditing Standards.

Q: “In an audit in accordance with Generally Accepted Government Auditing Standards

“In an audit in accordance with Generally Accepted Government Auditing Standards, the auditors must perform tests of compliance with all laws and regulations.” Criticize this quotation.

Q: Describe the additional audit report required by Government Auditing Standards.

Describe the additional audit report required by Government Auditing Standards.

Q: The auditors’ responsibility for reporting violations of laws and regulations under Generally

The auditors’ responsibility for reporting violations of laws and regulations under Generally Accepted Government Auditing Standards differs from their responsibility under generally accepted auditing...