User Account

All Pages

Summarize the pcaobs concerns with respect to problems

Assignment Help Auditing
Reference no: EM13887422

Obtain a copy of the PCAOB's report titled "Observations on Auditors' Implementation of PCAOB Standards Relating to Auditors' Responsibilities with Respect to Fraud." You can use any search engine or go to www.pcaobus.org/Inspections/Documents/ 2007_01-22_Release_2007-001.pdf.

In the report, the PCAOB summarizes findings from inspections of audit engagements as they relate to the performance of fraud detection audit procedures. The PCAOB report comments on auditor deficiencies in each of the following six areas:

a. Auditors' overall approach to the detection of fraud

b. Brainstorming sessions

c. Auditors' responses to fraud risk factors

d. Financial statement misstatements

e. Risk of management override of controls

f. Other areas to improve fraud detection

Summarize the PCAOB's concerns with respect to problems its inspection teams have noted in auditors' performance in each of the areas listed.

Reference no: EM13887422

Questions Cloud

How do expectations of sex and gender contribute to conflict : How do expectations of sex and gender contribute to conflict? Identify and discuss ways that men and women tend to differ in their approach to conflict. What role does relationship type or satisfaction play in these differences? Finally, do you agree..
A woman with normal color vision is married : A woman with normal color vision is married to a man with red-green colorblindness, an X-linked recessive disorder.  Their first child is a son who is color blind.  What is the probability that their next child will be colorblind?
What is the product being detected in a positive voges : What is the product being detected in a positive Voges-Proskauer test? Where does it come from? The product detected in appositive Voges-Proskauer test.
What is the aspect ratio of each of the halves : ISO standard A4 paper is commonly used throughout most of the world, except in the United States and Canada. Its dimensions are 210 by 297 mm. This is not a golden rectangle, but the aspect ratio is close to another familiar irrational mathematica..
Summarize the pcaobs concerns with respect to problems : Summarize the PCAOB's concerns with respect to problems its inspection teams have noted in auditors' performance in each of the areas listed.
Set the initial population of both brown and blue sparrows : Experiment 1: (Equal initial populations, competition, and resource densities) Set the initial population of both Brown and Blue Sparrows to 200; set competition for each species at 0.50;  set resources densities for both insects and seeds at 100/m2...
An income item from a return or overstated deductions : Is it easier for the IRS to determine that an individual omitted an income item from a return or overstated deductions?
Impact of employee attrition on people management : Prepare a report on “Impact of Employee Attrition on People Management in Organisations”.Study the Impact of Employee Attrition on People Management in Organisations.Explain the reasons for mismatch between demand and supply.
Transport cell membrane : In the late and rushing time,writing a 3 page laboratory report on the "Transport Cell Membrane". Whoever is able to help, I will send you the more details is needed. The price will change if it is well benefited. let me know ASAP.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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