ACC 405 Auditing Assignment

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ACC 405 Auditing - Emirates College of Technology

Question 1: Discuss the similarities and differences between the two types of servicesprovided by audit firms.

Question 2: Review Enron scandal case on the internet, and explain the misconduct of auditors and how they hidmanagement's manipulation.

Question 3: Identify for each of the following cases if the auditor independence is impaired or not and if yes, indicate due to which categories of threats.

Cases	In Dependence impaired?	Categories of threat
A An audit partner assigned to a new audit client holds sh 1,000 shares of the client's stock.
A A member of the audit team joinsas an ordinary M member a charity association which the client is also a m member.
A A member of the audit team provides recruiting Se services to an audit client.
A A member of the audit team accepting a gift from a cliclient and the acceptance of the gift is made public.
T The compliance department noted that a member of the th audit team had performed tax services for the client ovthe past 2 years. After further investigation, it was deemedm that these services were not material in nature.
A A new employee recruited of the audit client having re recently been a member of the audit firm.

Question 4: The risk of material misstatement is a combination of two client-controlled factors: what are these factors? Explain which factor is more important and give 2 examples for each risk factors.

Attachment:- Auditing.rar

Reference no: EM132496067

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