User Account

All Pages

Why audit documentation is important

Assignment Help Auditing
Reference no: EM131139082

Review Course: Auditing and Regulation

You are a manager at a CPA firm, and you have been asked to conduct a training session with new staff members on audit documentation standards.

Prepare a presentation on audit documentation to present to new staff as part of the training class. Be sure to include the following information in your presentation:

• The purpose of audit documentation
• Why audit documentation is important
• The types of supporting schedules used to document an audit
• The Sarbanes-Oxley requirements for documentation

Deliverable Length: 5-8 PowerPoint slides.

Reference no: EM131139082

Questions Cloud

Determine the ratio of imports to gdp as a function of t : Derive the trade balance equation (19.34) from the capital market clearing equation (19.26).
What are the different types of bonds that will be offered : What considerations will you use in deciding the face value of the bonds? What considerations will you use in deciding the interest rate? What are the different types of bonds that will be offered?
Find the consumers surplus : Find the consumers' surplus if the supply function for pork bellies is given by the following- S(q) = q7/2 + 3q5/2 + 54
Why convergence across regions and states might be slow : explanation for why convergence across regions and states might be slow. [Hint: should we expect technology or capital to flow more rapidly across regions?]
Why audit documentation is important : Why audit documentation is important. The types of supporting schedules used to document an audit. The Sarbanes-Oxley requirements for documentation.
Why did you choose this theory over the others : What concepts of the theory make it the most appropriate for the client in the case study? Why did you choose this theory over the others? What will be the goals of counseling and what intervention strategies are used to accomplish those goals?
What is tootsie rolls gross profit margin on product sales : What is Tootsie Roll's Gross Profit Margin on product sales? On rent and royalty sales? On total sales? What would happen to Tootsie Roll's total gross margin if rent and royalty sales increased by 20%? Please show your work.
Describe how disability can be defined as a social construct : Describe how disability can be defined as a social construct. Explain how that relates to the perception of disability. Be specific and draw on examples from the Parker case to illustrate your thoughts.
Find the consumers surplus : Find the consumers' surplus if the demand function for a particular beverage is given by D(q) = 4000/(2q+5)3 and if the supply and demand are in equilibrium at q=3

Reviews

Write a Review

Auditing Questions & Answers

  Bankruptcy and default-creditors concessions

What type of concessions might a creditor grant the debtor in a troubled debt situation? What is meant by "impairment" of a loan? Under what circumstances should a creditor or debtor recognize an impaired loan?

  How audit documentation provide evidence related to audit

What audit evidence is necessary for opining on a client's financial statements? How does audit documentation provide evidence related to audit quality?

  How do the two journal entries look

The for-profit entity sells $120,000 with net 30-day terms, while the nonprofit entity has a fund raising drive for which they receive pledges of $120,000. How do the two journal entries look?

  Question 1important influences on audit qualityin 2012 the

question 1important influences on audit qualityin 2012 the iaasb identified their essential goals were to- raise

  Ffirst auditing course as part of her undergraduate

Sarah O'Hann enjoyed taking her first auditing course as part of her undergraduate accounting program.

  Expenses on the accrual basis for the year 2008

Expenses accrued and still unpaid were $6,000 as at December 31, 2007, and $9,000 as at December 31, 2008. Can you show the computation of expenses on the accrual basis for the year 2008?

  Audit cases available on flecs blackboard

You will then be required to audit cases available on FLECS Blackboard or 20 hospital records.

  Description of notes receivable

Prepare journal entries to record these selected transactions for Vitalo Company.

  The auditors of maclain technologies

Major, Major, & Sharpe, CPAs, are the auditors of MacLain Technologies. In connection with the public offering of $10 million of MacLain securities, Major expressed an unqualified opinion as to the financial statements. Subsequent to the offering, ce..

  Discuss effect on the overall audit plan of issues

Discuss the effect on the overall audit plan of the issues identified from the attached committee papers, including any increases in audit scope of which management would have to be advised and discuss the issues that should be considered in accep..

  Provide useful guidelines for conducting an audit

1.Auditing standards have been criticized by different sources for failing to provide useful guidelines for conducting an audit.

  Briefly describe the process in assessing a new client

In your report please identify and discuss the following: The steps involved in client acceptance. Briefly describe the process in assessing a new client

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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