Illustrate the professional and ethical responsibilities

Reference no: EM13129204

You have engaged a new client (T-Lane Software Inc.) and will be conducting the year end audit.

The Audit Committee of the board of Directors is unfamiliar with the professional and ethical standards that govern the conduct of an audit and the issuance of an audit opinion.

Write a memo to the board of directors highlighting the professional and ethical responsibilities of auditors in all aspects in the performance of the audit. This memo should be professionally written, concise and inclusive of all matters that would illustrate the professional and ethical responsibilities and standards of the audit team in conducting the audit and issuing the audit opinion.

Reference no: EM13129204

Questions Cloud

What are the costs and benefits to apple : What are the costs and benefits to Apple from disclosing this information? What issues does this change raise for the auditor? What additional tests would you want to conduct as Apple's auditor?

Draw the crystal-field energy level diagram : Draw the crystal-field energy level diagram for the 3d obitals and show the placement of d electrons assuming this is a weak-field complex ion.

Explain the difference between an amino acid and a protein : What is the difference between an amino acid and a protein? How does this difference in structure affect biological function?

What ending work in process inventory on april : During April, manufacturing costs charged to the department were: Materials $92,000; Conversion costs $102,000. The cost assigned to the units in the ending work in process inventory on April 30 was?

Illustrate the professional and ethical responsibilities : The Audit Committee of the board of Directors is unfamiliar with the professional and ethical standards that govern the conduct of an audit and the issuance of an audit opinion.

Diluted earnings per share : The bonds were issued four years ago at par ($2,000,000), carry a 7% interest rate, and are convertible into 40,000 shares of common stock. The company has a 40% tax rate. Diluted earnings per share are ??

Cauchy integral formula or residue theorem : Use the branch of the logarithm given by 0

Find if x have a binomial distribution : Completion of today's paper. If X denotes the number of papers belonging to seniors among those checked, will X have a binomial distributuin?

Difference between nasal and oral consonants : What is the difference between nasal and oral consonants

User Account

All Pages