Auditor reasoning process about an account balance

Reference no: EM13160509

Regarding the auditor's reasoning process about an account balance, the auditor should:

A. Simply state a conclusion because anything else would lead to second-guessing by another auditor or a lawyer

B. Identify all of the elements of the reasoning process and document them in a memo.

C. Assure that audit documentation, by itself, is sufficient to support the auditor's opinion without an explicit description of the reasoning process, that is, can stand on its own.

D. Be limited to analysis made by a partner in charge of the engagement.

Reference no: EM13160509

Questions Cloud

What is the final temperature of the mixture : A 68-g ice cube at 0°C is placed in 680 g of water at 22°C. What is the final temperature of the mixture?

State the reaction temperature was changed : If a first-order reaction has a rate constant of 2.11x 10-1s-1 at a temperature of 22.3°C, what would the value of k be if the reaction temperature was changed to 65.7°C given

Borrowing in the form of debt is riskier than borrowing : Borrowing in the form of debt is riskier than borrowing in the form of equity. Explain why this is true.

What is the ph of the nh3 : A 25.0-mL sample of 1.00 M NH3 is titrated with 0.10 M HCl. What is the pH of the NH3 before the titration begins? Kb = 1.8 × 10-5

Auditor reasoning process about an account balance : Regarding the auditor's reasoning process about an account balance, the auditor should:

What are the implications of other nations acquiring : What are the implications of other nations acquiring a large amount of U.S. Treasury bills on the U.S. exchange rates?

Social-ethical and legal differences : Analyze political, social, ethical, and legal differences facing both walmart and kmart determine the impact these differences have on management decision making

Explain ammonia can be oxidized in oxygen : Ammonia can be oxidized in oxygen as shown: 4 NH3(g) + 3 O2(g) 2 N2(g) + 6 H2O(g). When 0.791 mol of NH3 and 0.814 mol of O2 are placed in a 1.00 L container at a certain temperature,

Explain why capital flows cause imbalances in current ac : Explain why capital flows cause imbalances in the current account. Post to the discussion board your 200 word answer focusing on selecting and organizing your most relevant comments in a coherent fashion.

User Account

All Pages