Questions from Auditing and Assurance

Q: Jim Willingham works as a manager in the Phoenix office of an

Jim Willingham works as a manager in the Phoenix office of an international public accounting firm. His younger brother has just taken a position as a purchasing agent for one of the public accounting...

Q: Comment on whether you agree with the following: In a nonpublic

Comment on whether you agree with the following: In a nonpublic company audit report, the second section is always titled “Basis for Opinion.”

Q: A CPA’s report includes the following: “We are not aware

A CPA’s report includes the following: “We are not aware of any material modifications that should be made in order for the information to be in conformity with accounting principles generally accepte...

Q: List the categories of criteria that may be included in a trust

List the categories of criteria that may be included in a trust services engagement.

Q: What two types of cyber security examinations are available?

What two types of cyber security examinations are available?

Q: The working paper for Keystone Computers & Networks’ analytical review ratios is

The working paper for Keystone Computers & Networks’ analytical review ratios is presented in this Appendix. a. Recalculate the 12/31/X5 ratios using Excel. b. After completing part (a), review the ra...

Q: What information is provided in a public company audit report relating to

What information is provided in a public company audit report relating to critical audit matters?

Q: Because of a very significant scope limitation, the auditors are uncertain

Because of a very significant scope limitation, the auditors are uncertain about the propriety of the client’s accounting for deferred income taxes. The possible amounts involved are so significant th...

Q: For each of the following brief scenarios, assume that you are

For each of the following brief scenarios, assume that you are reporting on a client’s currentyear financial statements. Reply as to the type or types of opinion possible in the circ...

Q: For each of the following independent cases, state the highest level

For each of the following independent cases, state the highest level of deficiency that you believe the circumstances represent: a control deficiency, a significant deficiency, or a material weakness....