Auditing Hw - 2.11.19 .docx - 2.10.19 Ethan McFall Audit...

This preview shows page 1 - 2 out of 2 pages.

2.10.19 Ethan McFall Audit 3.59  When an audit firm takes on a new client, they are responsible for reaching out to the previous  auditor to learn about any irregularity that may be present. In this specific case, I think it would  be best to communicate to both previous auditors due to the fast-turnover rate. I would suggest  this so that there is no hole of information left. This is also necessary because it is required by  universal accounting standards.  3.61 A. Even though both play different roles they may have some overlap in work. A great example  of where this might happen is inventory. The independent auditor may need physical verification of inventory. This is something that the internal auditor could have already performed in the  year. In this way, the internal auditor would be an asset to the independent auditor.  B.  In determining if the work of the internal auditor would be sufficient, the independent auditor
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Spring '14
  • YoungK.Park
  • Ethan McFall

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern