User Account

All Pages

What are the risks and liability factors in an audit

Assignment Help Auditing
Reference no: EM131506616

Assignment: PARTICIPATION QUESTIONS

1. What are the risks and liability factors in an audit?
2. What are the implications to the auditors?
3. What are the implications to the organizations?
4. How can the auditor mitigate these risks and liability factors?
5. What is Section 404 of SOX and its impact?
6. What is the Sarbanes-Oxley Act?
7. How does act affect the audits for the accounting firm and for the organization?
8. Has the Sarbanes-Oxley Act improved the quality of the audit? Explain your response.

Reference no: EM131506616

Questions Cloud

Identify and briefly discuss three trm loss exposures : Identify and briefly discuss three TRM loss exposures illustrated in this article.
What avon needs to know about the exchange rate : What key advantages will Avon by entering a new global market - explain what Avon needs to know about the exchange rate.
The politics of medicare and medicaid : One of the significant challenges for Medicare and Medicaid is not necessarily the implementation of the program but the influence of the political climate.
Find out how many times a customer generated an invoice : List all the record/s in the vendor table that do not have a value for the attribute V_STATE.
What are the risks and liability factors in an audit : What are the risks and liability factors in an audit? What are the implications to the auditors What are the implications to the organizations?
Retain a more diverse workforce : What are the main things you would do to recruit and retain a more diverse workforce?
Operational budget for krona community : As a member of the finance team, you have been asked to forecast the upcoming year's operational budget for Krona Community Hospital.
Your own professional code of communication : Prepare a presentation that serves as your own professional code of communication.Analyze communication techniques & reflect upon your own communication skills.
Think of an organizational change : 1. Think of an organizational change that you experienced. Describe how you were impacted by the change.

Reviews

Write a Review

Auditing Questions & Answers

  Study annual reports of companies in the industry

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

  Identify the weaknesses in the stocktake procedures

ACC707 Auditing & Assurance Services. You attended the inventory count of your client Davis Hydraulics Ltd. You observed the following during the count. Identify the weaknesses in the stocktake procedures above and identify how they could be improved

  Provide a short description of the services offered

Post the link in our discussion and provide a short description of the services offered. Based on their website, would you hire them? Why?

  Audit program-accounts payable

Describe the methodology for designing tests for the details of balances in accounts payable. How would your methodology impact the rest of the audit?

  Auditing sample methods

Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?

  Which is not explicitly stated in standard unqualified audit

Which of the following is not explicitly stated in the standard unqualified audit report? Which of the following is not a SysTrust Services principle as defined by the AICPA?

  Attestation engagement reports

A practitioner cannot accept an engagement unless he believes the subject matter to be capable of reasonably consistent evaluation against suitable, available criteria. What levels of assurance should be given in attestation engagement reports?

  Tax work engagement for murphy construction company.

You are doing a review services and related tax work engagement for Murphy Construction Company. You have made extensive inquiries of management about their financial statements and have concluded that management has an excellent understanding of its..

  Compute ending inventory for mckenna company

Presented below is information related to McKenna Company. Compute the ending inventory at retail.

  Identify two examples of acts or behavior

1.Identify two examples of acts or behavior by CPAs that would be considered discreditable to the profession under Rule 501.

  You are required to read the following statement issued by

you are required to read the following statement issued by icaa institute of chartered accountants in australia and

  What standards apply to each service

An example of each type of service. Who might request such a service? What standards apply to each service and who establishes those standards?

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