Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Chapter 8, Problem 7RQ
To determine
Explain the ways in which CPA’s observations made during the course of the plant tour will help for planning and conducting the audit.
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Students have asked these similar questions
When a CPA has accepted an engagement from a new client who is amanufacturer, it is customary for the CPA to tour the client’s plant facilities. Discuss theways in which the CPA’s observations made during the course of the plant tour will be ofhelp in planning and conducting the audit.
In order to help the audit team assigned to the audit of a major client's property, plant and equipment accounts better
understand the link between auditing assertions and this area of the audit, the audit manager with overall responsibility for
this part of the audit has convened a meeting. Which of the choices below would be the supervisor's best response to help
explain this relationship? The easiest way to understand this relationship is to imagine taking our list of assertions,
determining which ones apply to the client's property, plant and equipment accounts, and then finding ways to test the
assertions we selected. For example, we might decide to test the valuation and allocation assertion by examining
documents to see if the client has defaulted on any debt associated with these assets. The easiest way to understand this
relationship is to imagine taking our list of assertions, determining which ones apply to the client's property, plant and
equipment accounts, and then…
You have been asked to prepare a presentation to new recruits in your audit firm on the use of working papers. You have also been asked to include in your presentation a distinction between files held in permanent and current files, the design and use of audit programmes and the purpose of an audit trail with respect to the conduct of the audit.
Required
a) State four matters you would expect to find recorded in working papers in the permanent audit file and explain their purpose.
b) Explain the design and use of audit programmes.
c) Explain the importance of recording details of the actual evidence examined in the course of the audit on which the conclusions are drawn.
d) Post your response to the discussion forum and engage two of your peers in a critically constructive dialogue about their responses.
Chapter 8 Solutions
Auditing And Assurance Services
Ch. 8 - Prob. 1RQCh. 8 - Prob. 2RQCh. 8 - Prob. 3RQCh. 8 - Prob. 4RQCh. 8 - Prob. 5RQCh. 8 - Prob. 7RQCh. 8 - Prob. 8RQCh. 8 - Prob. 9RQCh. 8 - Prob. 10RQCh. 8 - Prob. 11RQ
Ch. 8 - Prob. 12RQCh. 8 - Prob. 13RQCh. 8 - Your client, Harper Company, has a contractual...Ch. 8 - Prob. 15RQCh. 8 - Prob. 16RQCh. 8 - Prob. 17RQCh. 8 - Prob. 18RQCh. 8 - Prob. 19RQCh. 8 - Prob. 20RQCh. 8 - Prob. 21RQCh. 8 - Prob. 22RQCh. 8 - Prob. 23.1MCQCh. 8 - Prob. 23.2MCQCh. 8 - Prob. 23.3MCQCh. 8 - Prob. 24.1MCQCh. 8 - Prob. 24.2MCQCh. 8 - Prob. 24.3MCQCh. 8 - Which one of the following statements is correct...Ch. 8 - Prob. 25.2MCQCh. 8 - Prob. 25.3MCQCh. 8 - Prob. 26.1MCQCh. 8 - Prob. 26.2MCQCh. 8 - Prob. 26.3MCQCh. 8 - Prob. 27DQPCh. 8 - Prob. 28DQPCh. 8 - Prob. 32DQPCh. 8 - Prob. 33DQPCh. 8 - Prob. 34DQPCh. 8 - Prob. 35DQP
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