by Dan | Feb 25, 2022 | Accounting
Auditors have come into a department as part of a company-wide audit prior to issuing an audit opinion for the company’s financial reports. In a one- to two-page paper (not including the title and reference pages), explain what the staff should expect the auditors to...
by Belinder | Nov 16, 2021 | Accounting
Mr. Smith is a successful anesthesiologist in his late 50s. He owns his own practice, and works at the hospital in town 3 days perweek. Last year, Mr. Smith decided to start a car and struck restoration activity. His decision to start the restoration activity...
by Dan | Dec 2, 2020 | Accounting
We’ve discussed IT Auditing, external auditing, Internal auditing and the impact that emerging technologies and business changes may have on the Auditing profession. Based on what you’ve read and heard, what do you believe will be the greatest impact to...
by Admin | Nov 20, 2020 | Main
Q1. Discuss the inherent risk assessment of the following items and explain why the auditor asses these inherent risks as high or low: Inherent Risk Assessment – Prepaid ExpensesInherent Risk Assessment – Intangible Assets Q2. As an auditor of manufacturing company in...
by Dan | Jun 9, 2020 | Main
Research reporting responsibilities, especially the Office of Management and Budget (OMB) Circular A-133. What are the reporting responsibilities of the auditee if, during a single audit, the auditor identifies a finding?Explain what is required in each of the...
