What are the risks associated with auditing accounts payable? Can you explain the process of auditing accounts payable using confirmations.

Why do GAGAS require a review for compliance with laws and regulations in conjunction with financial audits?

Consider the concepts of sufficient and appropriate audit evidence. Assess how audit risk relates to audit evidence. How do auditors audit accounting estimates and other subjective information? What are analytical procedures, and why are they a useful audit tool? Explain the importance of audit documentation.

what audit evidence would help you ascertain whether your selected journal entries were valid business transactions (or possibly fraudulent journal entries)?

Why is it so important to choose auditors at the proper moment for a financial statement audit to be successful?

What are the objectives of audit risk assessment, and why is it important in assessing the likelihood that fraud may occur? Explain why risk assessment performed during audit planning sets the tone for the entire audit engagement.

What alternative procedures should be applied to accounts that do not return confirmations?

In the framework of audit and assurance, we are investigating the consequences of expectation gaps for fraud.

what are business risks associated with an entity that an auditor should consider when performing an audit?

How would you tell the difference between financial audits and forensic accounting, fraud auditing, and investigative auditing?