Comparison of audit scientific and legal evidence standards

Assignment Help Auditing
Reference no: EM131345347

Assignment

In further preparation for your audit of Netflix's your team selected, you decided to gather your team and discuss Audit Evidence and Documentation Standards for this audit. Your preparation included a review of evidence and documentation literature (Ch. 7). To properly prepare the staff that will be working with you, you decide to create a Cheat Sheet on Evidence and Documentation to be used in your presentation.

Prepare a "Cheat Sheet" that briefly describes Audit Evidence and Documentation Standards, which includes the following topics. Each topic should be 90 to 175 words:

• Comparison of Audit, Scientific and Legal Evidence Standards.
• Consideration of Sample Sizes and Methods (random, haphazard, monetary unit sample, judgmental) and how sampling affects evidence.

Reference no: EM131345347

Questions Cloud

Will it produce to where price equals its marginal cost : A firm is a natural monopoly (Chapter 11). Its marginal cost curve is flat, and its average cost curve is downward sloping (because it has a fixed cost). The firm can perfectly price discriminate.
With what speed does it strike the ground : a. How long does it take a ball to fall from a roof to the ground 7.0 m below? b. With what speed does it strike the ground?
Differences between the historical account and the story : What are the differences between the historical account and the story that Longfellow tells in "Paul Revere's Ride"? Explain at least two differences. How do Longfellow's factual inaccuracies establish Revere as the hero of an American mythology or..
Find the output v2 in terms of the input v1 : For the circuit of given Figure:- Find the output v2 in terms of the input v1.- Draw a representative block diagram for the circuit.
Comparison of audit scientific and legal evidence standards : Comparison of Audit, Scientific and Legal Evidence Standards. Consideration of Sample Sizes and Methods (random, haphazard, monetary unit sample, judgmental) and how sampling affects evidence.
Calculate the radius of the path in the system : Consider the mass spectrometer shown schematically. The electric field between the plates of the velocity selector is 950 V/m, and the magnetic fields in both the velocity selector and the deflection chamber have magnitudes of 0.930T. Calculate th..
How much allergan loses by being a single-price monopoly : Using the information in the "Botox Revisited" application, determine how much Allergan loses by being a single-price monopoly rather than a perfectly price-discriminating monopoly. Explain your answer.
Write a paper on coso and how it relates to sarbanes-oxley : Write a paper on COSO and how it relates to Sarbanes-Oxley and the auditing of public companies in 700 to 1,050 words. Describe the five components and 17 principles of the COSO Framework.
Discuss the five periods of juvenile justice history : Identify and discuss the five periods of juvenile justice history and which period you think was the most influential to the evolution of the juvenile justice system.

Reviews

Write a Review

Auditing Questions & Answers

  Discuss auditing and other current guidance in area

Animal sponsorships may not be invoiced due to incomplete data transfer between the sponsoring and invoicing departments.

  Explain the key audit tests

Explain the key audit tests which would normally ensure that such a fraud as that perpetrated by Mr A Long would be detected and discuss the implications of the signing of the 'confidentiality' agreement by the auditor.

  Explain the audit report that the cpa firm issued

Analyze the audit report that the CPA firm issued. Ascertainthe legal liability to third parties who relied on financial statements under both common and federal securities laws. Justify your response.

  Savings plan contributions made to ineligible accounts

AFR Company's internal audit function recently completed an audit of the Company's various employee benefit plans. The internal auditors' working papers contain the following audit observation

  What procedures auditor use to gather additional evidence

Using either Excel or ACL, identify the stores for which sales appear to be out of line with the other stores and require additional evidence. What procedures would the auditor use to gather the additional evidence?

  Identify the substantive audit procedures you would perform

Prepare adjustment entries as necessary. Identify the substantive audit procedures you would perform to test the transaction.

  Discuss five types of control that would apply

As you are planning the annual audit of Norton Corporation, Comment on the manager's contention. Discuss five types of control that would apply to this microcomputer application.

  What ethical liability relating to accountants and auditors

What ethical and legal liability relating to accountants and auditors might relate to your SEC 10-K company? Review net income and post comments using the techniques you used for gross profit.

  Auditing payroll accruals for a manufacturing company

Alyssa Ghose is auditing payroll accruals for a manufacturing company.

  Hobbs co has the following defined-benefit pension plan

hobbs co. has the following defined-benefit pension plan balances on january 1 2012.projected benefit obligation

  Martin s albert social security number 111-11-1111 is 39

martin s. albert social security number 111-11-1111 is 39 years old and is married to michele r. albert social security

  Reporting results of audits-type of audit report for firms

Audit report search: Many companies publish their annual reports on their website, usually in an "Investor Relations" section.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd