I5125W PE Audit Planning
1. In assessing whether to accept a client for an audit engagement, a CPA should
consider A. The current financial health of the prospective client.B. The integrity of
management.C. The CPA's overall engagement risk.D.
COSO 2013: ALIGNING INTERNAL CONTROLS AND PRINCIPLES
Points of Focus
1. The organization
demonstrates a commitment to
integrity and ethical values.
The board of
Acct 5125W: Audit Practices and Procedures
Text: Auditing a Risk-Based Approach, 10th edition, Johnstone, et al.
Time permitting we will do the MC as well as selected problems for each
Intro to the Course
Auditing Standard No. 14
Evaluating Audit Results
Effective Date: For audits of fiscal years beginning on or after Dec. 15, 2010
Final Rule: PCAOB Release No. 2010-004
SUMMARY TABLE OF CONTENTS
(3 - 36) Evaluating the Result
871 F.2d 562: Fed. Sec. L. Rep. P 94,371max L. Levinson; Karl Zukerman; Ronald M. N. Page 1 of 3
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ISSUES IN ACCOUNTING EDUCATION
Vol. 26, No. 2
American Accounting Association
Relating Operational and Financial Factors
to Assess Risk and Identify Fraud in an
Richard H. Gifford and Harry Howe
STAFF ACCOUNTING BULLETIN: M. Materiality
1. Assessing materiality
Facts: During the course of preparing or auditing year-end financial statements, financial management or the
registrant's independent auditor becomes aware of misstatements in a registrant
Collusion between drivers and dock worker
Ordering excess inventory
scrap sales are usually not controlled and inventories are not well kept, individuals can underreport the
amounts received through the sales.
designating good inventory items as scrap and
Professor Frank Beil
September 12 , 2017
Group 2 - Seonju Choi, Lindsey McAulay, Yu Tian, Tram Vu
Auditor Liability and the Public Interest
1. Obtain a copy of the AICPA Code of Professional Conduct from the AICPA website.
According to the Co