Soln:
Generally accepted auditing standards (GAAS) comprises a list of 10 standards, divided into the following three sections:
General Standards
Standards of Field Work
Standards of Reporting
Part 2: Question ---1-(10 points): Generally Accepted Auditing Standard is broken down into three main parts....
principles of auditing chapter 2 QUESTION 13 The three generally accepted auditing standards classified as general standards can be described as criteria for the A. Competence, independence, and professional care of individuals performing the audit. B. Planning and supervision of the audit engagement C. Content of the financial statements and related footnote disclosures and the consistency standard. D. Content of the auditor's report, study of internal control, and planning. QUESTION 14 The internal controls of an entity are the policies...
Principles of auditing chapter 2 QUESTION 5 The generally accepted standards of fieldwork relate to A. Criteria for the content of the auditor's report on financial statements. B. Audit planning and evidence gathering. C. The need to maintain independence in mental attitude. D. The competence, independence, and professional care of persons performing the audit. QUESTION 6 The preliminary estimate of materiality bears an inverse relationship to audit risk. True False QUESTION 7
principles of auditing chapter 2 QUESTION 7 The internal controls of an entity are the policies and procedures, which the entity has implemented to provide reasonable assurance that the entity's objectives are being achieved. True False QUESTION 8 The three generally accepted auditing standards classified as general standards can be described as criteria for the A. Content of the auditor's report, study of internal control, and planning. B. Competence, independence, and professional care of individuals performing the audit. C. Content...
1. The word "leadership" is broken down into what 3 parts? Give an example of a leader and why. 2. What are the three categories of skills needed for improving behavior? 3. Name, explain and give an example of one contemporary leadership style.
Question 3 (10 marks) 1. State two generally accepted accounting principles that relate to adjusting the accounts. 2. Explain the differences between depreciation expense and accumulated depreciation.
what standard from these standards had been violated at this case, and why ? Standards : i wanna a briefly solution, Does not exceed a one page, please quickly B. Mira A Certified Public Auditor licensed in Palestine is the partner in charge of Ooredoo audit. In order to save cost, she hired a group of students from Al-Najah University to help her conduct the audit. A month later Mira received the audited financial statements and the report from the...
what standard from these standards had been violated at this case, and why ? Standards : please i want it quickly Auditing I Assignment I A. Majdi has a degree in accounting from BZU and works for a local accounting office. He was asked by a friend to prepare Financial statements for a small company in Ramallah. To help his friend Majdi prepared the financial statements and a report indicating that the financial statements were audited by him. What standards...
what standard from these standards had been violated at this case, and why ? Standards : please i want it quickly B. Mira A Certified Public Auditor licensed in Palestine is the partner in charge of Ooredoo audit. In order to save cost, she hired a group of students from Al-Najah University to help her conduct the audit. A month later Mira received the audited financial statements and the report from the students. She signed it and send it to...
Student Name: Question (1) a- What the meant "mechanical standard parts". Write the main features of standard parts. b. For the following loaded bolted connection, find the safety factor of bolts (infrequent bolts) and the tightening torque of bolts. 1 F= 50 KN 2 bolt M14x1,5 2 12-17 15-23 1515 1-77 70-106 -900 1 0-120 1/4
QUESTION 1 0.1 points Save Answer Which of the following are required to have a written report regarding the assertion of another party? Financial StatementOperationa ComplianceAttestationAssurance Audit Audit Audit EngagementE ement Financial Statement Operational ComplianceAttestationAssurance Audit Audit Audit ementEngagement Finandal Statement Operational ComplianceAttestationAssurance Audit Audit Audit Engagement E ement Financial StatementOperational ComplianceAtte stationAssurance Audit Audit Audit ementE ement QUESTION 2 0.1 points Saved The three requirements for becoming a CPA include all but which of the following? education requirements uniform...