User Account

All Pages

What should you do as an external auditor

Assignment Help Auditing
Reference no: EM131793742

Problem

You are the auditor assigned to audit ABC utility company. While interviewing the internal auditor you discover that he has done some evaluation and testing on the control environment for his superior the V.P. What should you do as an external auditor to determine if you can use work from the internal auditor? Can you-the external auditor even rely on the work of the internal auditor?

Reference no: EM131793742

Questions Cloud

Write a program to solve the josephus problem : An integer n and a soldier are selected randomly. The soldiers are arranged in a circle and they count off beginning with the randomly selected soldier.
Which employees are exempt from the FLSA protections : Which employees are exempt from the FLSA protections?
Contrast the management information systems : Compare and contrast the management information systems (MIS) in place in 2 distinctly different organizations.
Discuss the direct materials purchases variance is computed : The direct materials purchases variance is computed when the materials are purchased
What should you do as an external auditor : What should you do as an external auditor to determine if you can use work from the internal auditor? Can you-the external auditor even rely on the work?
Discuss about the aerospace dynamics project : Aerospace Dynamics will invest $186,000 in a project that will produce the following cash flows. The cost of capital is 10 percent.
Write a class template for defuse that uses a circular : Write a class template for defuse that uses a circular linked list with a single pointer to the last node to store the deuce's elements.
Calculate the book value on common stock : Calculate the book value on common stock, assuming preferred dividends are cumulative and are currently one year in arrears
Write a driver program to test the priority queue class : Beginning with the multiply-ordered linked list of names and id numbers pictured in the text, show the linked list that results from each of the operations.

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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