Fraud examination and sas 99

Assignment Help Auditing
Reference no: EM1351027

1. What are the major provisions of SAS 99?

2. What impact did SAS 99 have on the auditing procedures?

3. What is the concept of risk of material misstatement due to fraud?

4. Discuss how the concept of risk can be used to detect one of the financial statement fraud schemes.

5. Ensure to include specific procedures to detect the fraud scheme of your choosing.

Reference no: EM1351027

Questions Cloud

Define the four tasks involved in planning business messages : Define the four tasks involved in planning business messages and explain how you would know that messages you receive were created using the three-step writing process
Average inventory turnover : X corporation has total annual sales of $400,000 and a gross profit margin of 20 percent. Its current assets are $80,000; inventories $30,000; cash $10,000. current liabilities $60,000.
Discussing fraud examination : Present a recent example of fraud with non-cash assets or fraudulent reimbursement. Be sure to answer the following questions in your paper:
Cognitive development in infancy and early childhood : Select two theories that you believe best explain cognitive development in infancy and early childhood. Prepare a 3-4 page paper in which you describe the cognitive changes that occur in these two stages of development
Fraud examination and sas 99 : Discuss how the concept of risk can be used to detect one of the financial statement fraud schemes. Ensure to include specific procedures to detect the fraud scheme of your choosing.
Explain chip''s home brew whiskey management forecasts : Explain Chip's Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20
Process of thinking : How would you describe the process of thinking? What do you consider to be the major component in thinking? Why?
Koss corporation-unauthorized financial transactions : Discuss the responsibility of an auditor to uncover fraud perpetrated by its management client. Describe at least three mitigation risk strategies to satisfy this responsibility.
Find the best option to buy an automobile : Suppose you want to buy an automobile for $34,633. The dealer offers you 0% financing for 72 months or a $3,076 rebate. You can get financing for 72 months at the local bank.

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd