"Audit" Essays and Research Papers

Audit

1 Chapter 7: Audit Evidence I. Definition: Evidence – information used by the auditor to draw conclusions on the fair presentation of the financial statements. Audit objectives suggest the types of evidence to accumulate. II. Decisions on evidence accumulation A. Which audit procedures to use. General Objectives: Six TRAOs Eight BRAOs Four PDAOs Accounting Cycles: Five Management Assertions Specific Objectives: At least: Six TRAOs Eight BRAOs Four PDAOs Audit Procedures: At least one...

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The Audit

assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions, balances and presentation and disclosures - List out and describe general transaction related audit objectives, balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence...

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audit

Fundamental concepts of f/s audit Materiality misstatement of accounting information. is a matter of professional judgment Audit risk The auditor expresses an inappropriate audit opinion when the financial statements are materially misstated, Evidence (more than “per discussion with client) Major phrases of audit: Client acceptance/continuance; Preliminary engagement activities; Establish materiality and assess risks; Plan the audit ;Consider and audit internal control; Audit business processes and...

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Audit

Q1 - What is the relationship between the risk assessment process and the collection of audit evidence? The risk assessment process happens at the very beginning of the engagement and is to determine the level of risk present in the company. The risk assessment phase is when the auditor assess the client’s situation, conducts an independence threat analysis and decides whether to accept the client or not. The risk assessment is influenced by various factors such as the degree to which external...

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Audit

Standards Introduction Self-regulated: the standards governing audits were established by members of the profession themselves Sarbanes-Oxley Acct of 2002 Created: Public Company Accounting Oversight Board (PCAOB) to provide external and independent oversight over the audits of public entities Responsible for registering public accounting firms, establishing standards for audit engagements, and inspecting the quality of audits conducted by public accounting firms ****Generally Accepted Auditing...

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Audit

* Subject Synopsis This course introduces the elements of auditing. It discusses the principles and procedures of auditing, types of audits, scope and objectives of auditing. It also covers professional ethics in auditing, audit evidences, audit planning and various other aspects of auditing. Moreover it gives knowledge about objectives of doing audit. The course also aims to explain the liability and responsibility of the auditor and how the computerised environment effects the business environment...

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Audit

expectations for revenue accounts Recognize factors that lead to precise expectations of account balances Appreciate the degree of professional judgment involved in evaluating differences between expected and reported account balances Understand the audit planning implications of using analytical procedures as substantive tests of account balances Burlington Bees, an independent, minor league baseball team, competes in the North-west Coast League. The team finished in second place in 200X with...

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Audit

theft. D. Expected effectiveness of controls. 13. The risk that an auditor’s procedures will lead to the conclusion that a material misstatement does not exist in an account balance when, in fact, such misstatement does exist is referred to as A. Audit risk B. Inherent risk C. Control risk D. Detection risk 14. Evidential matter concerning proper segregation of duties ordinarily is best obtained by A. Preparation of a flowchart of duties performed by available personnel. B. Inquiring whether...

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Audit Memo

Audit Planning Memorandum for Database Environment Date | 02/04/2013 | To | Audit Senior Management | School Board | Temple University | Prepared By | Shan Jiang | ------------------------------------------------- Background Types of RDBMS: MySQL 5.0 - an open-source database used extensively in small or medium-sized web applications. One of the simplest databases to secure from hacking because of the small attack surface it exposes Number of DB servers: 3 Business units rely...

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Audit Syariah

Edmund 62288211087 Audit 1 Audit Syariah Definition Audit is a process to investigate and verify an account, while Syariah is the rule of Islam (Hukum Islam). Therefore, Audit Syariah is the process to analyse, check, investigate and to make sure the operation and the management of Islamic Financial Institution (IFI) is accordance to the principal and the Syariah’s guidelines, mainly for the production of a product. Syarikah al-Rajhi al-Masrafiyyah LiL Istismar has define the Audit Syariah as “parties...

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Audit Committee

regulators have searched for mechanisms to achieve a return to reliable, high quality financial reporting, resulting in an increasing emphasis on corporate governance. In addition, regulators and investors have increasingly recognised the role of audit committees and an important corporate governance mechanism in restoring confidence in the capital market. The ASX Corporate Governance Council (AXS CGC) defines corporate governance as “the framework of rules, relationships, systems and processes...

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Audit

SEMESTER 1, 2013 SEMINAR 9 - PROBLEM QUESTIONS PROBLEM 9.1 While assessing the risk of material misstatement and determining the appropriate response with regard to the inventory of Ace Computers Ltd (Ace) for the year ended 30 June 2011 audit, you become aware of the following information: 1. The best-selling computer presentation package has been experiencing a high level of returns owing to suspected software problems. 2. Based on closing inventory, inventory turned over...

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Completing the Audit

Completing the Audit Concepts: Nature of a balance sheet approach to the audit & implications for auditing the income statement * Obtain sufficient, competent, evidential matter for all balance sheet accounts * Note that if all balances are fairly stated, and the balance sheet balances, then Retained Earnings must be correct * If Retained Earnings is correct, then the Income Statement’s net income cannot be materially in error * Therefore, less work is done auditing the income...

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Audit Communications

UNIVERSITY Institute of Accounts, Business & Finance Audit Communications Report Writing Canayon, Angelie Rose T. Puno, Michelle Ann J. Royong, Precious B. Rubio, Ephraim Jomel P. Tulio, Ayn Carla M. AIA0212 TOPIC OR SECTION: Account Receivable: Cashier’s Office I. SCOPE An audit of the Cashier’s Office was conducted for the period January 1, 2013 through December 31, 2013. The objectives of the audit were to examine and evaluate the following: • Adequacy and...

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Audit

5.30 (Medium) Sufficient appropriate audit evidence has not been obtained to support the conclusions. | | Procedures | General point | Quality (appropriate evidence) | Quantity (sufficient) | (a) | Observation of stock take - went according to instructionsInventory test counts and cut-off prove satisfactory. | To conclude that the ACCOUNT balance is fairly stated (i.e. in $$ terms), all material assertions must be verified. | Existence assertion (an overstatement test) has been tested from the...

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Audit and Assurance

ACFI3214 Audit and Assurance Lecture 14 (Week 18): Audit Procedures to Verify Inventories Instructions 1 Read pages 1 and 2 of today’s handout down to The Importance of Inventory in Financial Statements (4 minutes) 2 ACFI3214 Lecture 14 (Week 18) Overheads The Importance of Inventory in FS Where year end inventory is incorrect:  GP, operating profit and PBT all incorrect  Profitability %s incorrect  Tax charge incorrect  EPS incorrect  Current assets, total assets...

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audit homework

Question 11. 25 Your firm has been engaged to audit the financial statements of Haven Ltd. In obtaining an understanding of internal control relating to credit sales, the following questionnaire is used: 1 Does the company evaluate the customer’s credit history, and is amount of available credit checked before a sale is authorised? Select a sample of credit order and inspect credit history and other supporting documents. Review the policy/procedure for customer approval and setting of...

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AUDIT ENGAGEMENT LETTER Draft

business processing. The purpose of this audit is to evaluate the access and security internal controls related to the XYZ and to assess whether there are internal control weaknesses that could allow errors and irregularities to go undetected. Audit Scope. Based on an initial risk-based assessment plus a discussion with client, the scope has been defined as the 3rd floor VIP rooms and all access points to those rooms. The QTTR audit team has categorized the audit area into three main sections for...

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Acca F8 Audit

INTRODUCTION TO AUDITING 1. WHAT IS AN AUDIT An audit is an independent examination of the financial statements of an entity in order to enable the auditor to express an opinion as to whether it gives a true and fair opinion and if it has been properly prepared in accordance with the applicable reporting framework. 2. Under the Companies Act, Cap. 50, private limited companies that satisfy the following conditions are not required to have an audit: a) number of shareholders...

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Marketing Audits and Its Importance to an Organisation

Marketing Audits and its importance to an organisation As of I am starting to write this essay, an historic and astonishing incident happened in US—Standard & Poors first time downgraded American Federal Bonds form AAA to AA+. Look at the messed up world economic picture--US is suffering from recession without any better signs, Europe is struggling with debt crisis, only growth engine China is also slowing...

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Information Technology Audit

INFORMATION SYSTEMS AUDIT Introduction An information technology audit, or information systems audit, is an examination of the controls within an Information technology (IT) infrastructure. IT auditing is a branch of general auditing concerned with governance (control) of information and communications technologies (computers). IT auditors primarily study computer systems and networks from the point of view of examining the effectiveness of their technical and procedural controls to minimise risks...

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Case Study Audit

cause the audit team to have substantial doubt about Fast Go ability to continue as a going concern, what is the next step the audit team needs to perform? The next step that the audit needs to perform are, the audit team must seek information about management’s plans to mitigate all the problem that Fast Go suffer for example the debt, the competition and etc. Besides, the audit team also must assess the likelihood that such plans can be successfully implemented. Furthermore, the audit team also...

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Audit Engagment Letter

Running head: Beginning the Audit Report Beginning the Audit Report Gina Taylor Auditing ACC/546 Selina Ashworth August 20, 2012 AUDIT ENGAGEMENT LETTER August 20, 2012 Larry Lancaster Apollo Shoes 10253 W. Higgins Rd. Ste 600 Rosemont, IL 60018 Dear Mr. Lancaster: This letter is to confirm our understanding of the terms and objectives of our engagement and the nature and limitations of the services we will provide. Services We will audit the financial statements of Apollo Shoes as of...

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ACC 546 Audit Report

Watershed Certified Public Accountants Littleton, CO 80123 Audit Committee Apollo Shoes, Inc 100 Shoe Plaza Shoetown, ME 00001 Anderson, Olds, and Watershed (AOW) has completed the audit of the financial statements for the year ended December 31, 2007 for Apollo Shoes, Inc. The financial statements include the balance sheet, the income statement, the statement of retained earnings, and the statement of cash flows. The audit has been performed in accordance with generally accepted auditing...

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Audit Report Apollo Shoes

The firm of Anderson, Olds, and Watershed is pleased to receive your notification to proceed with the audit and look forward to working with you. From the Audit Committee meeting minutes, we understand that Apollo Shoes requires help with the yearly audit because the former CPA firm withdrew unexpectedly (University of Phoenix, n.d.). Anderson, Olds, and Watershed will conduct the audit and “prepare the state franchise tax returns as well as the federal tax returns” (University of Phoenix, n...

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White Paper on Hr Audit

HR Audit: 101 A Nonprofit HR Solutions White Paper By: Sidney Abrams Senior HR Consultant, Nonprofit HR Solutions May 2010 Introduction Do you lie awake at night thinking about questions such as:  Is my organization in compliance with federal and state guidelines requiring that certain information be posted in view of all employees and applicants?  Are my organization’s jobs properly classified as exempt and non-exempt? Would these classifications pass a Department of Labor audit...

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Social Audit Responsibility

norms in the corps of the Corporate Strategy. Social audit procedure. The social audits are really important in order to implement the social standards. They aim to make an assessment of the company’s situation and offer the possibility to dicuss about the solutions wich the company can develop in order to respect rules and laws. There is three main steps for a social audit : The mission framing: like any other audit, before starting the audit a prescriber has to send a letter explaining his demand...

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Audit Practice Case Problem

is to confirm our understanding of the terms of our engagement as the auditors of Oceanview Marine Company for the year ended December 31, 2012. We will audit the company’s balance sheet for December 31, 2012, and the related statements of income, retained earnings, and cash flows for the year then ended. The purpose of our audit is to form an opinion as to whether these statements are fairly presented. We will review the company’s federal and state income tax returns for the fiscal year...

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Service Quality Audit

PolyTaste 2008: Service Audit Robert Hartman May, 2008 1 Agenda • • • • • • • What is a Service Audit? Dimensions of Service Guest Touch Points Event Environment Moments of Truth Observable Standards Audit Results 2 1 What is a Service Audit? • A Formal Study of Actual Service Performance – Based on Observable Standards – Performed by Disinterested Observers – Qualitative • Gathers Impressions • Characterizes Guest Experience – Quantitative • Gathers Data • Reports Operations...

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Concept of Hrd Audit

[pic] In audit to evaluate the HRD structure, system, culture, competency & other aspects, the following multiple methods are used: Interviews: Individual interviews with the top management are conducted to capture the top management's thinking on the future plans and opportunities available for the company. Interviews with other levels of Managers and Staff are conducted n groups to collect information about the effectiveness of the existing HRD systems, culture, skills, styles, etc. Group...

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Recovery Audit Contractor Program

Recovery Audit Program (RAC) Christina W. Furbert Devry University HIT230 Health Insurance and Reimbursement Professor Ingram Table of Contents What is RAC?..............................................................................................................................................................3 What type of audits will the RAC program cover?.....................................................................................................3 What could happen if it...

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Beginning the Audit Process

Beginning the Audit Report Peter Serunjoji ACC546 January 15, 2012 Arlette Peoples Beginning the Audit Report MEMORANDUM TO: Larry Lancaster, Chairman, President, and CEO of Apollo Shoes, Inc. FROM: Matrix Certified Public Accountants (MCPA) Inc., DATE: January 15 2012 SUBJECT: Beginning the Audit Report (Engagement letter, Engagement checklist, Outline of timeframes and milestones of the audit) Dear Mr. Lancaster, This letter is to confirm the...

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Strategic Audit

Strategic Audit Name Institution PART A: Advantages of a Strategic Audit A strategic audit measures the quantitative and qualitative aspects of the performance of a firm based on its past performance. This information will be important to the management in regard to the making of strategic business decisions (Victoria, 2010). Strategic auditing has many advantages. First, strategic auditing fosters quality decisions resulting from a conceptual understanding...

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Ten Publicized Audit Failures

AFM 201 – Part 1 Auditing Fall 2007 Group Assignment 2 Publicized Cases of Alleged Audit Failures Involving Large Public Companies 1) Ten Publicized Audit Failures i. Parmalat (2003) - Deloitte & Touche Tohmatsu /Grant Thornton Misleading investors with “Brazen Fraud” was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors...

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Audit Planning

INTRODUCTION Audit Planning and reporting Auditing planning and reporting are two critical stages in whole audit Cycle.Audit planning is before beginning of field work and reporting is last Stage in bank audit Good planning leads to effective Reporting Planning (also called forethought) is the process of thinking about and organizing the desired activities required to achieve a desired goal. Planning involves the creation and maintenance of a PLAN. As such< planning is...

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Audit Proposal

would now like to see a proposed audit schedule for these systems. The team will distinguish between the types of audits that may use for each process. The team will also recommend the most appropriate audit for each process and explain how to conduct the audits. Identifying events that may prevent reliance on auditing through the computer will also be presented to Kudler for review (Apollo Group, 2009). Types of Audits The types of information technology audits are attestation, findings and...

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Notes on Apollo Shoes Audit Case

Notes on Apollo Shoes Audit Case Task #1 (Overview/Intro) Go to the “Weekly Materials” folder and locate the “Apollo Shoes Files” folder, between the week 1 and week 2 folders. Under this menu you will find a file entitled Apollo Shoes Case Study.doc. This file gives you all of the details and evidence that you will need for the case. We will only be completing specified sections of this case as discussed below. Review the table of contents in the case document (page 4.) This will tell you...

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Operations Audit

Operational Audit Best Practices A methodology to Conduct Operational Audit in Public Sector Organizations What is Operational Audit? Operational Audit is a methodology for assessing the conformity of implementing the procedures and methodologies set forth in the department’s instructions, regulations or documents. Operational audit is performed by specialized auditors. Upon completion of the auditing process, a report of findings with recommendations is submitted. Operational audit contributes to...

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Audit Contents

Ch. 2. Professional Standards 2-1. Generally Accepted Auditing standards (GAAS) -Audit procedure -Audit standard 2-2. Fundamental Principle: Responsibilities -Competence and Capabilities -Independence and Due care --Independence in fact --Independence in appearance -Professional Skepticism and Professional Judgment 2-3. Fundamental Principle: Performance -Reasonable Assurance -Planning and Supervision --Audit plan -Materiality -Risk Assessment --Internal Control --Risk of Material misstatement --Inherent...

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Safety audit

safety management system (OHSMS) – audit report Verification of OHSMS to AS/NZS 4801:2001 Contractor details Contractor Address Contact person Position Contact details Accredited auditor (construction) details Name Accredited provider # Date Acknowledgment , accredited auditor (construction), acknowledges the cooperation and assistance provided by the staff and employees of and thanks them for their contribution to this OHSMS audit. Confidentiality Information obtained...

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Audit Review Questions

Final Review Questions   Chloe Granahan    1.   Assume that the audit team notes the client has made a significant change in its product line which requires that new  equipment be purchased. Which of the following would be of greatest concern to the auditor?    A. Inappropriate book value of new equipment.   B. Impaired value of new equipment.  C. Impaired value of old equipment.  D. Inappropriate depreciation calculation for new equipment.      2. A. B. C. D. Audit procedures should be proportional to which of the following...

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Audit Summary

SUMMARY OF KEY POINTS OVERVIEW OF FINANCIAL STATEMENTS AUDIT * The audit enables the auditor to express an opinion whether financial statements are prepared, in all material respects, in accordance with and acceptable financial reporting framework. * Complete set of general purpose financial statements: * 1. balance sheets * 2. income statements * 3. statement of changes in equity * 4. cash flow statement * 5. summary of significant accounting policies and other...

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Audit Process

Audit Process Typically an audit flows through a series of logical steps culminating in the ‘Audit Report’. Background Research Preparation of the Audit Plan Accounting Systems review Internal Control System review Substantive Testing Analytical review techniques Analytical review of financial statements Preparation and signing of the Audit Report Background Research 1. Present condition and future prospects for the industry 2. History, present and future prospects...

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audit homework

Safeguards Objective Assessment a) The lending of staff by the firm to an audit client may create a self-review threat. (APES110.290.142) Referring to APES110,290 142, it states that if the firm lend the staff to audit client, and it will create the self-review threat. The possible safeguards are as following: Pay more attention on the work done by the loaned staff while in audit engagement. Do not assign any audit responsibility to the task that is performed by that loaned staff. Remove...

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Marketing Audit

Explanation of what a marketing audit is: The purpose of a marketing audit is to review and appraise existing marketing activities and to look at the way the marketing is planned and managed, giving the opportunity for a systematic examination of each element of the organisations current marketing activity and achievements, and to objectively evaluate the effectiveness of the organisations investment in marketing. The marketing audit assists in the evaluation of the whole marketing activity, and...

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Audit 1

letter is to confirm our understanding of the terms of our engagement as the auditors of Oceanview Marine Company for the year ended December 31, 2014. We will audit the company’s balance sheet for December 31, 2014, and the related statements of income, retained earnings, and cash flows for the year then ended. The purpose of our audit is to form an opinion as to whether these statements are fairly presented in accordance with accounting principles generally accepted in the United States of America...

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Audit and Assurance

BA (HONS) ACCOUNTING & FINANCE BA (HONS) PROFESSIONAL ACCOUNTING PROFESSIONAL ACCOUNTANCY COURSE YEAR 3 AUDIT & ASSURANCE 1 INDIVIDUAL ASSIGNMENT BRIEF HAND OUT DATE: 5th October 2011 HAND IN DATE: INSTRUCTIONS FOR COURSEWORK You are required to research and prepare a report based on one of the following topics. Please seek the assistance of the module leader Ivor Pingue and your seminar tutors for help and guidance with your coursework. Do not leave the research too late...

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Audit Proposal

 Audit Proposal Zhongle King, Rebecca Kiritsy, Jo McClain, Jared Palmer ACC 542 October 13, 2014 Irene Branum Audit Proposal Kudler Fine Foods, a Southern California-based upscale specialty food store, hopes to expand operations. One step in the expansion is updating the company’s accounting information systems. Kudler’s management decided to enhance the payroll, accounts payable, account receivable and inventory accounting processes. Team B recommended industry-specific software to automate...

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The Night Audit

t THE NIGHT AUDIT I- Functions of the Night Audit: ( The major functions of the night audit is to: • Verify posted entries to guest and non-guest accounts • Balance all front office accounts • Resolve room status and rate discrepancies • Monitor guest credit limits • Produce operational and managerial reports 1. The role of the night audit: ( The night audit requires attention to accounting detail, procedural controls, and guest credit restrictions. In this sense, the night auditor...

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Knowledge Audit

What is a Knowledge Audit? What is an Audit? “The most general definition of an audit is an evaluation of a person, organization, system, process, project or product. Audits are performed to ascertain the validity and reliability of information, and also provide an assessment of a system’s internal control. The goal of an audit is to express an opinion on the person/organization/system etc. under evaluation based on work done on a test basis. Due to practical constraints, an audit seeks to provide...

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TYPES OF AUDITS

TYPES OF AUDITS Operational PURPOSE: To evaluate whether operating procedures are efficient and effective USERS: Management of the organization NATURE: Highly non-standard; often subjective FREQUENCY: PAs: Frequently AGs: Frequently CRA: Never Internal: Frequently Compliance PURPOSE: To determine whether the client is following specific procedures set by higher authority USERS: Authority setting down procedures, internal or external NATURE: Highly non-standard; often subjective FREQUENCY: PAs:...

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Audit Objectives - Inventory

The Auditors' Objectives in Audit of Inventories and Cost of Goods Sold are to: 1. Consider internal control over inventories and cost of goods sold. 2. Determine the existences of inventories and the occurrence of transactions affecting cost of goods sold. 3. Establish the completeness of inventories. 4. Establish that the client has rights to the recorded inventories. 5. Establish the clerical accuracy of records and supporting schedules for inventories and cost of goods sold ...

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Audit Report

Independent Auditor's Report To the Stockholders Apollo Shoes, Inc. 1235 Winner's Road Write City, IN 12354 LCC has conducted an audit of Apollo Shoes, Inc. balance sheets, the retained earnings, cash flows, and other related statements of income for the year ended December 31, 2006/2007. Apollo Shoes Inc management is responsible for maintaining the effective internal controls that goes along with the financial statements and how well the accuracy is going to be. LLC has evaluated the effectiveness...

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AUDIT MGMT

MIS - MIB DMS - DBM - PGDM - BBM – DBA – PGDM www.mbacasestudyanswers.com www.casestudysolution.in aravind.banakar@gmail.com ARAVIND 09901366442 – 09902787224 AUDITING Q1) H.W.P. Private Ltd. Is having only two members H and W. During the audit of accounts for the year ended 31st March 2000, you as a auditor find that : a) H, who is incharge of purchases has introduced fictitious purchase bills of Rs 50 lakhs. b) W, who is incharge of sales has sold goods worth Rs 1 crore without bringing...

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audit proposal

Audit Proposal Brenda Pina, Rachel Foster, Maria Kight, Christine Twiford, and Clorissa Willie ACC/542 July 14, 2014 Professor Thomas Cappels Audit Proposal There are many different types of audits including internal, external, and information technology. Companies should be familiar with the types of audits that may possibly be used on an Accounting Information System (AIS). Knowing the different types of audits and where they are used will help a company be ready for an audit and make...

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INTERNAL AUDIT

INTERNAL AUDIT 1 Internal audit ‘Internal audit’ is an appraisal activity established by management for the review of accounting and internal control systems as a service to the entity. It reviews, monitors and make recommendations for the improvement of systems. Other activities include: Examination of financial information Review of economy, efficiency and effectiveness (‘value-for-money’ audits) Review of compliance with external laws and regulations Review of internal policies Review...

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Answer Key To Integrated Audit Practice Case 1

To Integrated Audit Practice Case ANSWER KEY TO INTEGRATED AUDIT PRACTICE CASE [Fast Download] ANSWER KEY TO INTEGRATED AUDIT PRACTICE CASE.PDF online answer key to integrated audit practice case provide extensive details and also really overviews you while running any sort of item. answer key to integrated audit practice case offers a clear cut as well as straightforward guidelines to adhere to while running and making use of an item. in addition, the answer key to integrated audit practice case...

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Audit Internet Problem 14-1

2009 press release. c. The press release notes that the SEC’s order against the audit firm (Ernst & Young) finds that the firm identified Bally as a risky audit because its managers were former E&Y audit partners who had “historically been aggressive in selecting accounting principles and determining estimates,” and whose compensation plans placed “undue emphasis on reported earnings.” Out of more than 10,000 audit clients in North America, E&Y identified Bally as one of E&Y’s riskiest 18 accounts...

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Audit Sampling

Melissa Ginez, Matthew Gourlie, Juel Rypka) University of Phoenix ACC/491 Alisa Dumond December 19, 2011 ------------------------------------------------- interoffice memorandum to: John Smith, CEO Key west company from: Audit Team D subject: Audit Findings for Key West Company date: 12/18/2011 ------------------------------------------------- Dear Mr. Smith The purpose of this memo is to communicate to you the results and findings from our team’s assessment of the Accounts...

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Audit Proposal

Audit Proposal By: Catherine Chase Instructor: Khatrina Higgs, CPA ACC/542   Audit Proposal Abstract Understanding the audit process and how auditors operate is vital since it informs IT managers how to develop an environment that is compliant. More importantly, this brief will discuss the role of the auditor and its responsibilities as well as expand on the role and responsibilities of management during and after the audit. This brief will also focus on the methodologies of how...

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