Assignment
In 3 pages answer these questions from Chapter 8 and 9.
Text: "Auditing and Assurance Services. An integrated approach. 14th Edition. Arens/ Elder/ Beasley."
Select 3 questions from each chapter and answer IN YOUR OWN WORDS , do not copy from the text.
CHAPTER 8:
• Describe the main reasons for planning.
• Why we have to undertand the client's business and industry.
• Explain the Key parts of planning.
• List and explain the types of analytical procedures.
• List and explain the use of the common financial ratios.
CHAPTER 9:
• Define materiality.
• Explain the factors affecting judgment of materiality.
• How you use materiality to evaluate audit findings.
• Explain the risk in auditing.
• Explain the factors affecting acceptable audit risk.
• Discuss how materiality and risk are related and integrated into the audit process.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.