Characteristics and Skills of the Forensic Accountant

Analytical procedures are one of many financial audit processes which help an auditor understand the client's business and changes in the business. The analytical procedures may be classified as being primarily:  Select one: a. Reasonable tests.  b. Detailed tests of balances. c. Substantive tests. d. Tests of control.

What are the professional guidelines for auditors in external auditing

Explain the types of auditor’s reports.

Which of the following factors most likely affects the auditor's judgment about the quantity, type, and content of working papers?   The nature and condition of the client's accounting and internal control systems The content of the client's representation letter. The timing of substantive tests completed prior to the balance sheet date d The usefulness of the working papers as a reference source for the client

How does the role of a traditional accountant differ from internal and external auditor?

What are the objectives of an audit risk assessment? Explain why a risk assessment performed during audit planning sets the tone for the entire audit engagement. Also comment on how the concept of ‘risk assessment’ might be useful for any accountant at the outset of any assignment, including non-audit work.

In making client acceptance and continuance decisions, the auditor will perform various procedures in assessing the client.  Which of these would most likely not be one of those procedures? a. obtain background checks on management to assess management integrity b. review regulatory filings and examination reports c. analyze client financial statements and compare to industry metrics d. submit management to a lie detector test

Auditors gather information through communication with individuals internal and external to the prospective client. Which of the following would be internal to the client? O Communication with the previous auditor O Communication with third parties O Communication with client personnel O Communication with the client's industry peers

explain why and auditor needs an understanding of the client's industry