Auditing and Assurance Services, Student Value Edition (16th Edition)
Auditing and Assurance Services, Student Value Edition (16th Edition)
16th Edition
ISBN: 9780134075754
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
Question
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Chapter 26, Problem 22DQP

a.

To determine

Identify who issues the Government Auditing Standards. Also, explain the differences between those standards with the AICPA auditing standards.

b.

To determine

Explain the impact of the receipt of federal assistance on the audit process.

c.

To determine

Explain the difference between auditor’s consideration of materiality and internal control with the audit of a commercial purpose.

d.

To determine

Explain the types of reports in addition to the report on the audit of the financial statements will Company W&A needs to be issued.

e.

To determine

Explain the manner in which the acceptance of engagement affects the training of Company W&A.

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