Questions from Auditing and Assurance

Q: The following information was obtained from several accounting and auditing enforcement releases

The following information was obtained from several accounting and auditing enforcement releases issued by the SEC after its investigation of fraudulent financial reporting involving Just for Feet, In...

Q: The following independent scenarios describe auditor decisions made during an audit engagement

The following independent scenarios describe auditor decisions made during an audit engagement. 1. Chen Li worked on the audit of American Healthcare Associations (AHA), which operates hospitals and o...

Q: Publicly traded companies must electronically file a variety of forms or reports

Publicly traded companies must electronically file a variety of forms or reports with the SEC, including the Form 10-K, which includes the audited annual financial statements. The SEC makes most of th...

Q: There are many types of information that require assurance. Individually or

There are many types of information that require assurance. Individually or in groups, identify the following types of assurance services. a. Identify three or more assurance services that are likely...

Q: The following (1 through 16) are the balance-related

The following (1 through 16) are the balance-related and transaction related audit objectives. Identify the specific audit objective (1 through 16) that each of the following specific audit procedur...

Q: Identify some of the most important ways that the profession and society

Identify some of the most important ways that the profession and society encourage CPAs to conduct themselves at a high level.

Q: In the normal course of performing their responsibilities, auditors often conduct

In the normal course of performing their responsibilities, auditors often conduct audits or reviews of the following: 1. The computer operations of a large corporation to evaluate whether the internal...

Q: The following questions require you to access AICPA standards (www.

The following questions require you to access AICPA standards (www.aicpa.org), PCAOB auditing standards (pcaobus.org), and IAASB auditing standards (www.iaasb.org). a. Your audit supervisor stated it...

Q: A careful reading of an unmodified opinion audit report indicates several important

A careful reading of an unmodified opinion audit report indicates several important phrases. Explain why each of the following phrases or clauses is used rather than the alternative provided: a. “The...

Q: Patel, CPA, has completed the audit of the financial statements

Patel, CPA, has completed the audit of the financial statements of Bellamy Corporation as of and for the year ended December 31, 2019. Patel also audited and reported on the Bellamy financial statemen...