Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 2, Problem 16DQP
a.
To determine
Describe the important objective of the audit of an entity’s financial statements.
b.
To determine
Explain the reason for understanding all the details about the client’s business.
c.
To determine
Explain the other role of the auditor in the audit other than verifying the mathematical accuracy of the number that are reported in the financial statements.
d.
To determine
Identify whether the given statement is correct or not.
e.
To determine
Explain whether the auditor is having the primary responsibility to detect all kinds of fraud at the client.
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sSaleha was recently hired by the accounting firm of Haron & Associates. After two weeks of joining the firm, Saleha was sent to the first-year staff training course.The instructor asked her to prepare answers for the following questions:a. How does evidence relate to assertions and to the audit report?b. What are the characteristics of evidence should an auditor be concerned with when searching for and evaluating evidence?
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Sarah O’Hann enjoyed taking her first auditing course as part of her undergraduate accounting program. While at home during her semester break, she and her father discussed the class, and it was clear that he didn’t really understand the nature of the audit process as he asked the following questions.
What is the main objective of the audit of an entity’s financial statements?
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What does the auditor do in an audit other than verify the mathematical accuracy of the numbers in the financial statements?
The audit represents the CPA firm’s guarantee about the accuracy of the financial statements, right?
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Dave and Charlie are sitting at lunch one day on the premises of one of their large audit clients when the topic of going concern comes
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what this means or why it is part of the audit. Which of the following responses by Charlie would help Dave to understand this? (Select
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The going concern assumption is required to be evaluated by management each year for the forthcoming year.
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Chapter 2 Solutions
Auditing And Assurance Services
Ch. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 9RQCh. 2 - Prob. 10RQ
Ch. 2 - Prob. 11RQCh. 2 - State what is meant by the term peer review. What...Ch. 2 - Prob. 13.1MCQCh. 2 - Prob. 13.2MCQCh. 2 - Prob. 13.3MCQCh. 2 - Prob. 14.1MCQCh. 2 - Prob. 14.2MCQCh. 2 - Prob. 14.3MCQCh. 2 - Prob. 15.1MCQCh. 2 - Prob. 15.2MCQCh. 2 - Prob. 15.3MCQCh. 2 - Prob. 16DQPCh. 2 - Prob. 17DQP
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