Potential audit procedure failures

Assignment Help Auditing
Reference no: EM1351016 , Length: 750 words

Potential Audit Procedure Failures. For each of the general audit procedures of (1) recalculation,(b)observation, (c)confirmation (accounts receivable, securities, or other assets), (d)inquiry, (e) inspection of internal documents, (f) recalculation, (g) performance, and (H )analytical procedures, discuss one way the procedure could be misapplied or the auditors could be misled in such a way as to render the work(audit evidence) misapplied or the auditors could be misled in such a way as to render the work (audit evidence) misleading or irrelevant.

Write your response in 750 Words count..

Reference no: EM1351016

Questions Cloud

Aspects of piagets theory : Synthesize Piaget's theory of cognitive development and Vygotsky's, including in each the important aspects of their theories.
Objective questions based on finance problems : How do public oversight boards help prevent financial statement fraud? About half of all financial statement fraud crimes involve:
Risks with physically accounting for inventory : You are responsible for auditing a wholesale cosmetics distributor with an inventory consisting of thousands of individual items.
Determine the total value : Firm L has debt with a market value of $200,000 and a yield of 9 percent. The company's equity has a market value of $300,000, its earnings are growing at a 5% rate, and its tax rate is 40 percent.
Potential audit procedure failures : Potential Audit Procedure Failures. For each of the general audit procedures of (1) recalculation,(b)observation, (c)confirmation (accounts receivable, securities, or other assets), (d)inquiry, (e) inspection of internal documents
Select and analyze an article on family-friendly workplace : Continue insurance benefits or grant the leave even if it places the employer in a difficult situation? Discuss your answers giving reasons.
Explain how many tasks will be assigned to the students : Explain How many tasks will be assigned to the students? and Write down the objective function and all constraints and Find out the optimal solution using excel
Find the maximum price per share : Dunbar Hardware, a national hardware chain, is planning buying a smaller chain, Eastern Hardware. Dunbar's analysts project that the merger will result in incremental free flows and interest tax savings with a combined present value of $72.52 million..
High-performance work system : Explain what are the conditions that contribute to a high-performance work system and what are the expectations of the employer?

Reviews

Write a Review

Auditing Questions & Answers

  Principles of internal control

Identify 6 principles of internal control. Give examples for each principle that might be observed when picking up pizza.

  Study annual reports of companies in the industry

You will be required to obtain/study annual reports of companies in the industry

  Recognize and discuss the pressures faced by andy card

Differences between the book value and the fair value of the identifiable assets of Salem Company

  Write a cholecystectomy audit report

Write a Cholecystectomy Audit report

  Fundamental concepts in internal control

Support your response from the e-text and/or course articles, do not use only web sites and avoid the unacceptable web sites. What fundamental concepts are embodied in the definition of internal control?

  Internal control procedures

Which of the following internal control procedures would prevent an employee from being paid an inappropriate hourly wage?

  Audit theory and assurance

A Business report identifying auditing procedures and practices

  Procedures for initial planning of financial statement audit

Which of the following procedures would an auditor most likely include in the initial planning of a financial statement audit?

  Wal-mart control mechanisims

Identify four types of control mechanisms (ways controls are applied) used in Wal-Mart organization. Compare and contrast these control mechanisms. Determine the effectiveness of these control mechanisms.

  Determine ordering cost per order

Determine ordering cost per order

  Internal controls and societe generale sa

The importance of internal controls ... a little side trip due to current events: This is an article that highlights the importance of internal controls in managing financial functions (and by extension to managing all business functions). Can you..

  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

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