Questions from General Auditing

Q: Write a management letter to Justin and Sarah Morris.

Write a management letter to Justin and Sarah Morris.

Q: Select two components of internal control. Explain how the roles of

Select two components of internal control. Explain how the roles of the internal and external auditors would differ when assessing these components in relation to the new manufacturing costing system....

Q: Answer the following question based on the information presented for Cloud 9

Answer the following question based on the information presented for Cloud 9 in Appendix A of this book and in the current and earlier chapters. You should also consider your answers to the case study...

Q: In relation to the new manufacturing costing system, describe two automated

In relation to the new manufacturing costing system, describe two automated application controls that you would expect to find.

Q: Required: For each of the accounts for Shady Oaks (

Required: For each of the accounts for Shady Oaks (1 and 2 above) identified to be a significant risk: a. Determine the key assertion at risk. b. Describe a practical pre...

Q: Required: a. Identify the key assertion at risk for

Required: a. Identify the key assertion at risk for payables in relation to payments made prior to receipt of goods. b. For the control procedures (1) to (5) above for payables: i. Identify the key pr...

Q: Lisa Curtis is documenting the purchasing and cash payments processes at Hardies

Lisa Curtis is documenting the purchasing and cash payments processes at Hardies Wholesaling. Hardies Wholesaling imports ladies clothing such as T-shirts, blouses, skirts, dresses, and pants from sup...

Q: Arne Eklund, the audit senior, is reviewing the working papers

Arne Eklund, the audit senior, is reviewing the working papers written by the audit assistant on the audit of Quebec Creepers, a nursery and retailer of garden accessories. Arne reads the following de...

Q: The sales transactions at Alberta Park, a new audit client,

The sales transactions at Alberta Park, a new audit client, are handled by a software application that is not supported by very detailed documentation. The audit partner requests that the team re-perf...

Q: Carmel Harrison runs Emerald Spa, a business providing women-only

Carmel Harrison runs Emerald Spa, a business providing women-only hairdressing, beauty, relaxation massage, and counselling services in a small tourist town. Ninety percent of the clients using the be...