Auditing theory Study guides, Class notes & Summaries

Comprehensive summary of the lectures for the course Financial Reporting and Auditing. Suitable for students International Business. Given by Diane Breesch at the Vrije Universiteit Brussel in the academic year 2021 - 2022.

ACCOUNTING AUDITING THEORY FUNDAMENTALS OF ASSURANCE ENGAGEMENTS

AUDITING THEORY PRELIM REVIEWER (875 Multiple Choice Questions), Exams of Business Economics

Obtaining Clients - correct answer Submit a Proposal -contact the audit committee -make fee arrangements Communicate with the predecessor auditor Communication with the Predecessor Auditor - correct answer -we want to know how ethical management is -why the company switched auditors -where did they leave off? -any disagreements over accounting principles? The Audit Process - correct answer 1. Plan the audit 2. Obtain an understanding of the client and its environment, including inte...

PCAOB - correct answer -formed by Sarbanes Oxley -standards for audits for only registered public accounting firms -Priority based approach -does annual environmental scans to identify emerging or current issues which could lead to projects added to research agenda What is on the Current standard setting agenda - correct answer -Audit reporting model -Auditing accounting estimates including fair value measurement -The auditor's use of work of specialist -Supervision of audit using oth...

Exam (elaborations) AUI2601 Assignment 6 (COMPLETE ANSWERS) Semester 1 2024 - DUE 24 May 2024 • Course • Internal Auditing: Theory and Principles - AUI2601 (AUI2601) • Institution • University Of South Africa • Book • Internal Auditing Theory AUI2601 Assignment 6 (COMPLETE ANSWERS) Semester 1 2024 - DUE 24 May 2024 ;100 % TRUSTED workings, explanations and solutions. ........

C - correct answer Which of the following statements is an example of an assertion made by management in an entity's financial statements? a. The financial statements were prepared in an unbiased manner. b. Reported inventory balances reflect all related transactions for the period. c. Reported accounts receivable does not include any uncollectible accounts. d. The scope of the auditors' investigation was not limited in any way by management D - correct answer The primary pu...

Exam (elaborations) AUI2601 Assignment 6 (COMPLETE ANSWERS) Semester 1 2024 - DUE 24 May 2024 • Course • Internal Auditing: Theory and Principles - AUI2601 (AUI2601) • Institution • University Of South Africa • Book • Internal Auditing Theory AUI2601 Assignment 6 (COMPLETE ANSWERS) Semester 1 2024 - DUE 24 May 2024 ;100 % TRUSTED workings, explanations and solutions. ........

AUI2601 Assignment 2 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . QUESTION 1 39 marks The International Professional Practices Framework (IPPF) is the conceptual framework that organises authoritative guidance promulgated by the Institute of Internal Auditors (IIA). Some elements of the IPPF are mandatory and essential for internal auditors, meaning internal auditors are required to conform to these elements. MARKS...

AUI2601 ASSIGNMENT 2 SEMESTER 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . REQUIRED MARKS Q1. With reference to the “background” information: 1.1 State whether the appointment of SSSA as auditors of ASM complies with Section 91 of the Companies Act. Describe in your answer the procedures that should have been followed to ensure compliance with the Companies Act. (5) 1.2 Explain why ASM needs to have their finan...