User Account

All Pages

What the risk assessment portions of audit planning are

Assignment Help Auditing
Reference no: EM131115928

Audit Planning and Internal Control

Library Research Assignment

You are a manager at a CPA firm, and you have been asked to write an article on audit planning for the firm's monthly newsletter.

Using the library, conduct research on audit planning. Prepare the article for your firm's monthly newsletter, and include the following information:

• Components of the audit planning stages
• How to understand the client's business
• What the risk assessment portions of audit planning are

Deliverable Length: 2-3 pages.

Reference no: EM131115928

Questions Cloud

What duties will you need to perform yourself : What duties will you need to perform yourself?
Who would pay for protecting the beach : What, if any, legal remedies (lawsuits) could the city take advantage of should the oil reach the beach, and what would you expect the outcome of such lawsuits be?
What are risks and limitations of implementing the system : What are the risks and limitations of implementing the system? What are the time constraints to consider when undertaking an ERP implementation?
Please indicate whether it is true or false and why : Given the following statement, please indicate whether it is true or false, and why: "Managerial finance is concerned with design and delivery of advice and financial products to individuals, business, and government."
What the risk assessment portions of audit planning are : Components of the audit planning stages. How to understand the client's business? What the risk assessment portions of audit planning are?
Average net income for business graduates : A survey conducted last year by my students in Business Studies found out that the average net income for Business graduates is $74,914. One of my current students queried the results and decided to repeat the research by taking a random sample of..
How should the contingency be reported in the financial : How should the contingency be reported in the financial statements of Shinobi Inc
Compose a description of the ethical decision-making process : Compose a description of the ethical decision-making process, including the steps on how to approach the situations, a list of questions if a meeting is granted, or a list of possible reasons for rejecting the meeting.
Determine whether additional audit work should be done : The Hamster Stop has $93,650 in the Accrued Payroll account. Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days. If controls are strong, determine whether additional audit work should be done on this account.

Reviews

Write a Review

Auditing Questions & Answers

  Determine whether transactions is taxable

Determine whether each of the following transactions is taxable. If a transaction is not taxable, indicate what type of reorganization is affected, if any.

  Number reported in the financial statements

What might cause differences between the number reported in the financial statements and the details in the Accounts Receivable Table?

  Terms performance materiality and preliminary judgment

1.Distinguish between the terms performance materiality and preliminary judgment about materiality. How are they related to each other?

  Describe requirements that help to achieve audit quality

Describe the following requirements that help to achieve audit quality and thereby help to minimize the exposure of external auditors to lawsuits:

  Identify the weaknesses in the stocktake procedures

ACC707 Auditing & Assurance Services. You attended the inventory count of your client Davis Hydraulics Ltd. You observed the following during the count. Identify the weaknesses in the stocktake procedures above and identify how they could be improved

  What do control deficiencies imply about approach deloitte

What do the control deficiencies imply about the approach Deloitte should have used to audit the inventory-related accounts and assertions on the Thor and Dutchmen audits?

  Audit reports please respond to the subsequentin an

audit reports please respond to the subsequentin an economic downturn assess whether you would expect more or fewer

  Is there something that should be in place with audit firm

What is the issue in this situation and what sections of the Act are bought into question? Is there something that should be in place with the audit firm?

  Outline the major revisions to the auditing standards

Outline the major revisions to the auditing standards and discuss their implications for auditors conducting audits. (Approx 1,000 words essay response)

  Responsibility to hire and fire audit managers

Determine whether the responsibility to hire and fire audit managers should have prevented the firing of the chief of internal auditing by management for reporting fraudulent activity.

  Typical components of audit program

What are the typical general components of an audit program? What purpose do these components serve? Which component is most important? Explain why.

  Audit of tno limited

Prepare an additional report for John that outlines - the internal controls in the system that are potentially effective, the risk that the control could mitigate and one ‘test of control' for each of the identified potentially effective controls.

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