Homework Answers
Answer is Option b) Auditor's determination of whether the auditor has obtained sufficient appropriate evidence
PCAOB is Public Company Accounting Oversight Board (PCAOB). It is a non profit organisation that regulates the auditors of publicly traded companies. PCAOB requires auditor to obtain enough evidence to give audit results. The auditor should have obtained sufficient evidence to give an opinion on audit matter. Hence answer is Option b)
Other Options are not the right answers to the question.
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The PCAOB addresses audit results and require the Multiple Choice Ο Auditor's evaluation of internal controls...
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The following auditor's report was drafted by a staff accountant of Paul and Paul, CPAs, at...
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18-28 The following auditor's report was drafted by a staff accountant of Nathan and Mat- thew,...
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These are more choices to choose from. John Josephs, an audit manager for Tip, Acanoe &...
These are more choices to
choose from.
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what standard from these standards had been violated at this case, and why ? Standards :...
what standard from these standards had been violated
at this case, and why ?
Standards :
please i want it quickly
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Review the Audit report (found in the 10-K) for the following two companies. Highlight or summarize...
Review the Audit report (found in the 10-K) for the following
two companies. Highlight or summarize
differences between the reports (other than the name of Company,
Audit Firm, Financial statement
period covered).
Note:
1. Each Company may have two audit reports (one opinion on
financial statements and one for
audit of internal controls) or the two opinions may be combined
into one report.
2. You are not required to review the entire 10-K. Find the
audit report in the 10-K...
The Performance section of the "Principles Underlying an Audit" is concerned with: Multiple Choice proper planning and supervision, appropriate materiality levels, and sufficient appropriate audit evidence. an audit opinion in accordance with the auditor's findings, whether the financials are presented fairly, and whether the financial are in accordance with the applicable financial reporting framework. O whether the auditor has unrestricted access to those within the entity from whom the auditor needs to obtain audit evidence. complying with ethical requirement, appropriate...
e. An audit of a U.S. not-for-profit organization. f. An audit of a U.S. private company to be used for a loan from a publicly traded bank. g. An audit of a U.S. public company. h. An audit of a U.S. public company that is a subsidiary of a Japanese company that will be used for reporting by the parent company in Japan. 2-20 (OBJECTIVE 2-7) Ray, the owner of a small company, asked Holmes, a CPA, to conduct an...
18-28 The following auditor's report was drafted by a staff accountant of Nathan and Mat- thew, CPAs, at the completion of the audit of the comparative financial statements of Monterey for the years ended December 31, 2018 and 2017. The report was sub- mitted to the engagement partner, who reviewed matters thoroughly and properly concluded that an unmodified opinion should be expressed. The draft of the report prepared by an inexperienced staff auditor is as follows: Auditor's Report We have...
It is always a good idea for auditors to begin an audit with a professional skepticism characterized by the assumption that O a potential conflict of interest always exists between the auditor and the management of the enterprise under audit. O in audits of financial statements, the auditor acts exclusively in the capacity of an auditor O the professional status of the independent auditor imposes commensurate professional obligations. O financial statements and financial data are verifiable. When Auditee Company prohibits...
These are more choices to
choose from.
John Josephs, an audit manager for Tip, Acanoe & Tylerto, was asked to speak at a dinner meeting of the local Small Business Administration Association. The president of the association has suggested that he talk about the various phases of the audit process to help small business owners better understand what auditors do. John has asked you, his trusted assistant, to prepare an outline for his speech. He suggests that you answer the...
what standard from these standards had been violated
at this case, and why ?
Standards :
please i want it quickly
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Review the Audit report (found in the 10-K) for the following
two companies. Highlight or summarize
differences between the reports (other than the name of Company,
Audit Firm, Financial statement
period covered).
Note:
1. Each Company may have two audit reports (one opinion on
financial statements and one for
audit of internal controls) or the two opinions may be combined
into one report.
2. You are not required to review the entire 10-K. Find the
audit report in the 10-K...
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Amplitude=3;
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