Original programming is not required 76 The advantages of computer assisted

Original programming is not required 76 the

This preview shows page 14 - 15 out of 15 pages.

a. Original programming is not required. 76. The advantages of computer-assisted audit techniques (CAATs) packages: e. If Lincoln receives a limited response, Lincoln should consider its implications in deciding whether to accept the engagement. (4) Jackson's understanding as to the reasons for the change of auditors. (3) Communications Jackson made to management about fraud, illegal acts, or internal control recommendations. (2) Disagreements with management as to accounting principles, audit procedures, or other similarly significant matters. (1) Facts that might bear on the integrity of management. d. Lincoln should make specific and reasonable inquiries of Jackson regarding matters Lincoln believes will assist in determining whether to accept the engagement, including specific questions regarding. c. If Washington refuses to permit Jackson to respond or limits Jackson's response, Lincoln should inquire as to the reasons and consider the implications in deciding whether to accept the engagement. b. Lincoln should ask Washington to authorize Jackson to respond fully to Lincoln's inquiries.
Image of page 14
3 Summary Category # of Questions AACSB: Analytic 64 AACSB: Technology 14 Accessibility: Keyboard Navigation 70 AICPA: BB Critical Thinking 4 AICPA: BB Industry 1 AICPA: BB Legal 59 AICPA: BB Leveraging Technology 14 AICPA: FN Decision Making 3 AICPA: FN Leveraging Technology 14 AICPA: FN Measurement 1 AICPA: FN Research 55 AICPA: FN Risk Analysis 5 Blooms: Analyze 1 Blooms: Apply 15 Blooms: Remember 57 Blooms: Understand 5 Difficulty: 1 Easy 18 Difficulty: 2 Medium 52 Difficulty: 3 Hard 8 Learning Objective: 03- 01 List and describe the required preengagement activities that auditors undertake before beginning an audit engagement. 15 Learning Objective: 03- 02 Understand the importance of planning the audit engagement so that it is conducted in accordance with professional standards. 15 Learning Objective: 03-03 Define materiality and explain its importance in the audit planning process. 5 Learning Objective: 03-04 List and describe the eight general types of audit procedures for gathering evidence. 26 Learning Objective: 03- 05 List and discuss matters of planning that auditors should consider related to the clients computer environment and describe how CAATs can be used to improve the efficiency of the audit process. 14 Learning Objective: 03-06 Define what is meant by the proper form and content of audit documentation. 3 Louwers - Chapter 03 78 Source: AICPA 34 Source: AICPA adapted 1 Source: Original 43 Topic: Audit Documentation 3 Topic: Audit Plan 15 Topic: Audit Procedures for Obtaining Audit Evidence 26 Topic: Materiality 5 Topic: Planning in a Computerized Environment 14 Topic: Pre-Engagement Activities 15
Image of page 15

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture