Homework Answers
An auditor strives to achieve independence in appearance to maintain public confidence in the profession.
Option 3 is the correct answer.
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c. An auditor strives to achieve independence in appearance to O 1. comply with the auditing...
principles of auditing chapter 2 QUESTION 9 In a financial statement audit, inherent risk represents A....
principles of auditing
chapter 2
QUESTION 9 In a financial statement audit, inherent risk represents A. The risk that the auditor fails to modify materially misstated financial statements. B. The risk that misstatements could occur and not be prevented or detected by the system of internal control. C. The susceptibility of an account balance to misstatement that could be material. D. The risk that misstatements could occur and not be detected by the auditor's procedures. QUESTION 10 An auditor strives...
What is the meaning of independence from the perspective of the government auditor and why is...
What is the meaning of independence from the perspective of the
government auditor and why is independence so important? See the
article below to answer the question.
Independence The standard of independence covers both independence of mind and independence in appearance. Independence of mind concerns the state of mind that permits the auditor to audit without being affected by influences that may compromise professional judgment, thereby allowing the auditor to act with integrity, objectivity and professional skepticism. Independence in appearance...
True and false questions 10) Under Rule 101, Independence, independence is considered to be impaired if...
True and false questions 10) Under Rule 101, Independence, independence is considered to be impaired if fees remain unpaid for professional services provided more than six months before the date of the current year's report. 11) The criteria by which an auditor evaluates the information under audit may vary with the information being audited. 12) The criteria used by an external auditor to evaluate published financial statements are known as generally accepted auditing standards. 13) An auditor must...
Independence. Generally accepted auditing standards require auditors to be independent. Included within this standard are the...
Independence. Generally accepted auditing standards require auditors to be independent. Included within this standard are the concepts of independence in fact and independence in appearance. a. Define independence in fact and independence in appearance. b. What two general types of relationships would normally compromise auditors' independence? c. For each of the following separate situations, discuss whether you believe the auditors' independence has been compromised. 1. The auditors' firm provides extensive consulting services to the client; these services provide revenues to...
asap only answers 5. In which of the following instances would independence be considered to be...
asap only answers
5. In which of the following instances would independence be considered to be impaired? The CPA has been retained as the auditor of a company a. and the CPA lives in the same town as the controller. b. in which the CPA's brother is the controller. c. which owes the CPA audit fees for current year services. The company being audited has just filed a petition for bankruptcy. d. All of the above. 6. The partner of...
need # 6,7,9 need correct answer with explanations 6. Auditing standards for public companies are established...
need # 6,7,9 need correct answer with explanations
6. Auditing standards for public companies are established by the (A) SEC. B) FASB. C) PCAOB D) IRS. 7. When CPAs are able to maintain their actual independence, it is referred to as independence in (A) conduct. B) appearance. C) fact D) total. 2/5 8. If an auditor fails to fulfill a certain requirement in the contract, they may be guilty A) contract fraud. B) breach of contract. C) constructive fraud. D)...
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
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...
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 :
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...
1. Consider the following statements: I. Financial statements are based on Generally Accepted Auditing Principles....
1. Consider the following statements: I. Financial statements are based on Generally Accepted Auditing Principles. II. Auditing standards issued by the AICPA’s Auditing Standards Board must be followed on all audits of companies' financial statements in the United States of America. a. I is true; II is true b. I is true; II is false c. I is false; II is true d. I is false; II is false 2. Considering the demand...
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
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...
principles of auditing
chapter 2
QUESTION 9 In a financial statement audit, inherent risk represents A. The risk that the auditor fails to modify materially misstated financial statements. B. The risk that misstatements could occur and not be prevented or detected by the system of internal control. C. The susceptibility of an account balance to misstatement that could be material. D. The risk that misstatements could occur and not be detected by the auditor's procedures. QUESTION 10 An auditor strives...
What is the meaning of independence from the perspective of the
government auditor and why is independence so important? See the
article below to answer the question.
Independence The standard of independence covers both independence of mind and independence in appearance. Independence of mind concerns the state of mind that permits the auditor to audit without being affected by influences that may compromise professional judgment, thereby allowing the auditor to act with integrity, objectivity and professional skepticism. Independence in appearance...
Independence. Generally accepted auditing standards require auditors to be independent. Included within this standard are the concepts of independence in fact and independence in appearance. a. Define independence in fact and independence in appearance. b. What two general types of relationships would normally compromise auditors' independence? c. For each of the following separate situations, discuss whether you believe the auditors' independence has been compromised. 1. The auditors' firm provides extensive consulting services to the client; these services provide revenues to...
asap only answers
5. In which of the following instances would independence be considered to be impaired? The CPA has been retained as the auditor of a company a. and the CPA lives in the same town as the controller. b. in which the CPA's brother is the controller. c. which owes the CPA audit fees for current year services. The company being audited has just filed a petition for bankruptcy. d. All of the above. 6. The partner of...
need # 6,7,9 need correct answer with explanations
6. Auditing standards for public companies are established by the (A) SEC. B) FASB. C) PCAOB D) IRS. 7. When CPAs are able to maintain their actual independence, it is referred to as independence in (A) conduct. B) appearance. C) fact D) total. 2/5 8. If an auditor fails to fulfill a certain requirement in the contract, they may be guilty A) contract fraud. B) breach of contract. C) constructive fraud. D)...
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...
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...
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