Howard Street Jewelers, Inc.
Lore Levi was worried as she scanned the most recent monthly bank statement for the
Howard Street Jewelers. For decades, she and her husband, Julius, had owned and
operated the small business that they had opened afte
1. In auditing cash, which of the five management assertions discussed in SAS No. 31,
Evidential Matter, is of primary concern to the auditor? Why?
a. Existence: According to AU 326, assertions about existence address whether
assets or liabilities of the
Overview of Regulation in Our
AICPAs Traditional Role
Research and Publication
Continuing Professional Education
AICPA Auditing Standards Board
Issues official pronouncements on
Jen: Hi Everyone, I started typing a base for the case study paper on page 2. I put it in
essay format but still answered the questions in order. Feel free to add in and edit the
paragraphs that way we have a consensus and agree on how our paper should be
Now, Im going to talk about assertions involving auditing cash. When auditing cash the main
assertion is existence, which addresses the existence of assets and liabilities and whether the
recorded transactions have occurred. In this case, the auditors, Ar
Chapter 2 Professional Standards
What types of Professional Standards?
Engagement Performance Audit/Attest
AICPA audits of non-public companies
Public Company Accounting Oversight Board
Still has the 10 Generally Accep
UNIVERSITY OF SAN FRANCISCO
SCHOOL OF BUSINESS AND MANAGEMENT
BUS 420-01: AUDITING
Stacie Kowalczyk, CPA, MBA
Office Malloy Hall 121 Adjunct Office
Hours - Mondays, 5:15-6:15 PM and by appoi
Committee of Sponsoring
Also called the Treadway Commission
a result of a number of instances of fraudulent
financial reporting in the 1970s and 1980s.
Was formed to study the causal factors associat
CHAPTER 6 PLANNING AND
DESIGNING THE AUDIT FROM
A RISK BASED APPROACH
Consider engagement risk before taking on a new client
Submit a proposal
Contact the audit committee
Make fee arrangements
Communicate with the predecessor auditor (he
DZH Phillips LLP
What is team building?
Why is team building important?
How does team building relate to auditing?
How can you make team building effective?
Team Building Activity
WHAT IS TEAM BUILDING?
BUS 420 - Auditing
Professor: Stacie Kowalczyk
Please pick the best response to the questions below:
Which Board issues official pronouncements on auditing matters for nonpublic companies?