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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.
3 SummaryCategory# of QuestionsAACSB: Analytic64AACSB: Technology14Accessibility: Keyboard Navigation70AICPA: BB Critical Thinking4AICPA: BB Industry1AICPA: BB Legal59AICPA: BB Leveraging Technology14AICPA: FN Decision Making3AICPA: FN Leveraging Technology14AICPA: FN Measurement1AICPA: FN Research55AICPA: FN Risk Analysis5Blooms: Analyze1Blooms: Apply15Blooms: Remember57Blooms: Understand5Difficulty: 1 Easy18Difficulty: 2 Medium52Difficulty: 3 Hard8Learning Objective: 03-01 List and describe the required preengagement activities that auditors undertake before beginning an audit engagement.15Learning Objective: 03-02 Understand the importance of planning the audit engagement so that it is conducted in accordance with professional standards.15Learning Objective: 03-03 Define materiality and explain its importance in the audit planning process.5Learning Objective: 03-04 List and describe the eight general types of audit procedures for gathering evidence.26Learning 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.14Learning Objective: 03-06 Define what is meant by the proper form and content of audit documentation.3Louwers - Chapter 0378Source: AICPA34Source: AICPA adapted1Source: Original43Topic: Audit Documentation3Topic: Audit Plan15Topic: Audit Procedures for Obtaining Audit Evidence26Topic: Materiality5Topic: Planning in a Computerized Environment14Topic: Pre-Engagement Activities15