Reference no: EM132556587
Question 1. What are the principle responsibilities for auditors?
Question 2. Why is engagement planning so critical?
Question 3. What are the steps for engagement planning?
Question 4. Describe Materiality for an audit.
Question 5. Post, CPA, accepted an engagement to audit the financial statements of General Co., a new client. General is a publicly held retailing entity that recently replaced its operating management. In the course of applying audit procedures, Post discovered that General's financial statements might be materially misstated due to the existence of fraud.
A. Describe post's responsibilities in the circumstances described above.
B. Describe post's responsibilities for reporting on general's financial statements and other communications if post is precluded from applying necessary procedures in searching for frauds.
C. Describe post's responsibilities for reporting on general's financial statements and other communications if post concludes that general's financial statements are materially affected by frauds. (AICPA adapted)
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What the company invested capital was
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Explain why lauren might believe the commission
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What is the price of the bond if the bond matures
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What would be the detection risk
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What are the principle responsibilities for auditors
: Describe post's responsibilities for reporting on general's financial statements and other communications if post is precluded from applying necessary procedure
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What is the PP for the caravan venture
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Relationship between countries in south asia
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Which variances will the company investigate
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Natural disasters strike
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