Questions from Auditing and Assurance

Q: The U.S. national stock exchanges require listed companies to

The U.S. national stock exchanges require listed companies to have an independent audit committee. Required: a. Describe an audit committee. b. What does it mean for the audit committee members to be...

Q: What are the major causes of information risk? How can information

What are the major causes of information risk? How can information risk be reduced?

Q: What are the similarities and differences among the three main types of

What are the similarities and differences among the three main types of audits?

Q: How might the write-off of accounts receivable increase the risk

How might the write-off of accounts receivable increase the risk of fraud related to cash receipts?

Q: Explain the role of the audit committee in enhancing auditor independence.

Explain the role of the audit committee in enhancing auditor independence.

Q: Identify the circumstances under which a CPA can disclose confidential information without

Identify the circumstances under which a CPA can disclose confidential information without client permission.

Q: Explain the rule on contingent fees. Why is this rule necessary

Explain the rule on contingent fees. Why is this rule necessary?

Q: What are the eight parts of a standard unmodified opinion audit report

What are the eight parts of a standard unmodified opinion audit report for a nonpublic entity and what is the main content provided in each part?

Q: What are the most significant differences between the AICPA and the PCAOB

What are the most significant differences between the AICPA and the PCAOB standard unmodified opinion audit reports?

Q: Distinguish between a report qualified due to a GAAP departure and one

Distinguish between a report qualified due to a GAAP departure and one qualified due to a scope limitation.