Completing the Audit
In this assignment, you will demonstrate your understanding of the necessary steps to complete an audit, as well as determine the appropriate audit opinion to issue.
The questions listed below are found in Chapters 16 and 17 of Principles of Auditing. Answer the questions and submit your work to the instructor as outlined below.
Checklist:
Respond to the following Questions
Chapter 16
- Question Requiring Analysis: 16-31
- Question Requiring Analysis: 16-35
Chapter 17
- Question Requiring Analysis: 17-24
- Objective Question: 17-26
Please review the complete assignment details and rubric.
Assignment 2: Additional Services
In addition to auditing public companies, accountants can provide services for nonpublic companies and services that do not require an annual external audit. You will demonstrate your understanding of these additional services that can be provided.
The questions listed below are found in Chapter 19 of Principles of Auditing. Answer the questions and submit your work to the instructor as outlined below.
Checklist:
Respond to the following questions
Chapter 19
- Question Requiring Analysis: 19-25
- Question Requiring Analysis: 19-27
- Objective Question: 19-29
- Objective Question: 19-33
Please review the complete assignment details and rubric.
Assignment 3: Services Provided without Verification
Provide an original and substantive response to the questions posed in your assignment in a minimum of 200 words. Please review the complete assignment details and rubric.
After reading and discussing how important it is for auditors to gather evidence to back up client claims, you are now introduced to accounting services where it is unnecessary to verify management’s information.
- In providing these compilations, how comfortable would you be in preparing financial statements based on data that you are not going to verify?
- What concerns would you have signing off on these compilations as a CPA?
- Because you are not performing audit services on the compilations, how do you know if the information you are given is true?
- What types of questions could you ask your client that would fall within the realm of compilations without crossing the line into auditing?
Assignment 4: Services for Non-Public Companies
In addition to auditing public companies, accountants can provide services for nonpublic companies and services that do not require an annual external audit. You will demonstrate your understanding of these additional services that can be provided.
The questions listed below are found in Chapter 20 of Principles of Auditing. Answer the questions and submit your work to the instructor as outlined below.
Checklist:
Respond to the following questions
- Question Requiring Analysis: 20-25
- Question Requiring Analysis: 20-28
- Objective Question: 20-29
- Objective Question: 20-31
