Reference no: EM132634083
Question - Audit Planning and Control
It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit. External public accounting firms conduct external audits to ensure outside stakeholders that the company's financial statements are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).
Use the Internet to select a public company that appeals to you. You may also use the company dossier in the Nexi Uni database to find company information.
Imagine that you are a senior partner in a public accounting firm hired to complete an audit for the chosen public company.
Write a 4-6 page paper in which you:
1. Outline the critical steps inherent in planning an audit and designing an effective audit program. Based upon the type of company selected, provide specific details of the actions that the company should undertake during planning and designing the audit program.
2. Examine at least two performance ratios that you would use in order to determine which analytical tests to perform. Identify the accounts that you would test, and select at least three analytical procedures that you would use in your audit.
3. Analyze the balance sheet and income statement of the company that you have selected and outline your method for evidence collection which should include, but not be limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence.
4. Discuss the audit risk model and ascertain which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Justify your response.
5. Assuming that the end result is an unqualified audit report, outline the primary responsibilities of the audit firm after it issues the report in question.
|
Assignment on supply chain management
: Based on the availability of online data, select any multinational organization (Like Amazon, etc) and measure the performance
|
|
How upholding the values might contribute to society
: Select a societal issue from anywhere in the world about which you are passionate. If you selected a societal issue for your Capstone Project.
|
|
Demonstrate understanding of interdependent relationship
: Demonstrate understanding of the interdependent relationship of reading, writing, and thinking, and reflect on their thinking as part of a larger community
|
|
Identify and describe the core values of the agency
: Identify and describe the core values of the agency. Discuss the degree to which those core values are aligned with advocacy, leadership, or social change.
|
|
Question - Audit Planning and Control
: Question - Audit Planning and Control - Outline the critical steps inherent in planning an audit and designing an effective audit program
|
|
How the program fits within personal and career goals
: How the program fits within your personal and career goals. The essay will be evaluated for effective and succinct writing skills. Reasons to choose FIU?
|
|
What is it like to work at google
: What is it like to work at Google? What is your assessment of the company's work environment?
|
|
Determining the broad base of skills and abilities
: Mintzberg suggests that managerial roles should encompass interpersonal, decisional, and informational roles. Clearly this is an idealized vision of the manager
|
|
Discuss about how you might mitigate the challenges
: Select one of the theories demonstrated in the media this week (either humanistic, experiential, or emotional focused therapy [EFT]), and consider the challenge
|