Auditing 2 Final Exam Review
PART A 10 marks Chapter 14 pg. 454-466
b. Internal Control Procedure
c. Audit Procedure
1. To cover a shortage
Independent internal verification
of bank reconciliation, including
Auditing 01 ( ACCT-331)
Developing countries are using IFRS. The premise of ISA models reception is
required by law or control, ISA are received, and national benchmarks are the ISAs
and other. ISA has developed the worlds only consensus-b
1. In order for the auditor to issue an unqualified opinion, the following conditions must be
1. An audit engagement has been undertaken to express an opinion on financial
2. The auditor followed generally accepted auditing standard
STUDENT NAME: Saba Akhtar
STUDENT NUMBER: 300771380
AUDITING 1 ACCT 331
DUE: OCTOBER 9th, 2015
WORTH 5% OF TOTAL MARKS
All assignments must be typed in Word. Handwritten
assignments will NOT be accepted.
ethical decision process
professional skepticism - u need proof or evidence.
critical thinking - do the right thing or learn the truth
think both ways. good and bad. all scenarios to a situation
check slide 12. know the slides!
Question 1 (2 marks)
You go through the drive-through window of a fast food restaurant and notice a sign
that reads, Your meal is free if we fail to give you a receipt. Why would the
restaurant post this sign?
Question 2 (5 marks)
_A_ 1. The information s