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Problem: Margo and Allen are discussing their audit of a client's fixed assets one day over lunch at the client's premises.
Which of the following statements is not true about audit data analytics? CPA firms are increasing using data analytic approaches to improve risk assessment
Per the PCAOB, how long does the audit firms have to retain the audit papers/records?
What situation would most likely represent an internal control environment where the external auditors would greatly increase the control risk
Janice and Ray are working on the audit of Bloom LLC, and have heard the term 'subsequent events' mentioned in a recent meeting
Prepare a memorandum for the August 31, 2022 audit file which addresses the issue of going concern as it relates to your firm's audit of the Company
Ensure all material fraud instances are detected. Respond appropriately to fraud or suspected fraud identified during the audit.
What are the implications for the auditing company who issued an unmodified report and the company collapsed 4 months later?
Considering the circumstances mentioned above, describe the nature of the risks associated with outsourcing.
Explain the implications of each of the above independent and separate audit issues on your assessment and evaluation of the related audit risk.
Question 1: What is the purpose of an audit? Question 2: What information is contained within an audit trail?
What are contingent liabilities? Can you give me some examples?
Discuss fully the type of audit opinion to be issued in this situation including a description of any modifications that necessary to the standard audit report.
Explain any factors that go Into auditors preparation and modifications of the audit report. How would that affect the audit report?
Identify the healthcare impact - how does this affect the industry in the future? How does the news impact healthcare administrators?
Explain three factors taken in to consideration by an auditor when placing reliance on the work of the internal auditor
List 2 accounts that will most likely be material in Ella's audit process. Explain why. What audit risks are associated with the new inventory software?
Lily, a new auditor in an electronics manufacturing company, is reviewing the appropriateness of the minimum. Which would Lily be least likely to consider?
List 6 specific audit issues/ risks that should be considered by the audit manager when reviewing the audit file.
Identify the preferred type of substantive procedure for testing Crown Ltd's incomestatement accounts and explain why this is so.
What are the two ways to increase the detectability of auditory signals? Detail your answers and use four examples to support your answers.
YOU ARE REQUIRED TO discuss fully whether the above situation would constitute a reportable irregularity in terms of the Auditing Profession Act 2005.
How will Blockchain affect auditing in the future? What must auditors understand about this technology? Provide realistic examples to support your reasoning?
Discuss a report indicating whether a governmental entity has complied with certain government regulations.
If you were an investor considering purchasing stock in either Nike or Under Armour, which company would you choose? Explain and support your answer?