AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
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Question
Chapter 9, Problem 30DQP
a.
To determine
Identify the types of information that AS2110 suggests the auditor to consider when obtaining an understanding of the company and its environment.
b.
To determine
Identify the types of performance measurement that might affect the risk of material misstatement.
c.
To determine
Explain the specific issues that should be included in the discussion among engagement team members regarding the risk of material misstatement.
d.
To determine
Identify the factor that the auditor should consider in determining the significant risk.
e.
To determine
Explain the guidance that is provided about revising risk assessments.
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Students have asked these similar questions
Please access PCAOB Auditing Standard No. 12 "Identifying and Assessing Risks of Material Misstatements" (pcaobus.org). Use this standard to answer each of the questions below. For each answer, document the paragraph(s) in AS No. 12 supporting your answer.
a. What types of information does AS No. 12 suggest the auditor should consider when obtaining an understanding of the company and its environment?
b. What types of performance measurements might affect the risk of material misstatement?
c. What specific issues should be included in the discussion among engagement team members regarding the risk of material misstatement?
d. What factors should the auditor consider to determine if a risk is a "significant risk"?
e. What guidance is provided about revising the risk assessment as the audit continues?
You are required to read the following statement carefully, and then, discuss the factors behind the statement content, stating examples of how this content can be implemented: "Auditors develop overall audit plans to ensure that they obtain sufficient appropriate audit evidence. The timing and extent of audit procedures auditors use is a matter of professional judgement, which depends upon a number of factors".
Plz don’t make it long answer
Auditing and Assurance Services
Can you help me identify which of the performance principles of GAAS apply to each of these? I am not sure what I am missing.
Thanks!
Chapter 9 Solutions
AUDITING+ASSURANCE 12MONTH ACCESS CARD
Ch. 9 - Prob. 1RQCh. 9 - Prob. 2RQCh. 9 - Provide two examples of factors that might...Ch. 9 - Prob. 4RQCh. 9 - Prob. 5RQCh. 9 - Prob. 6RQCh. 9 - Prob. 7RQCh. 9 - Prob. 8RQCh. 9 - Prob. 9RQCh. 9 - Prob. 10RQ
Ch. 9 - Prob. 11RQCh. 9 - Prob. 12RQCh. 9 - Prob. 13RQCh. 9 - Prob. 14RQCh. 9 - Prob. 15RQCh. 9 - Prob. 16RQCh. 9 - Prob. 17RQCh. 9 - Prob. 18RQCh. 9 - Prob. 19RQCh. 9 - Prob. 20RQCh. 9 - Prob. 21RQCh. 9 - Prob. 22RQCh. 9 - Prob. 23RQCh. 9 - Prob. 24RQCh. 9 - Prob. 25.1MCQCh. 9 - Prob. 25.2MCQCh. 9 - Prob. 25.3MCQCh. 9 - Prob. 26.1MCQCh. 9 - Prob. 26.2MCQCh. 9 - Prob. 26.3MCQCh. 9 - Prob. 27.1MCQCh. 9 - Prob. 27.2MCQCh. 9 - Prob. 27.3MCQCh. 9 - Prob. 28.1MCQCh. 9 - Prob. 28.2MCQCh. 9 - Prob. 28.3MCQCh. 9 - Prob. 29DQPCh. 9 - Prob. 30DQPCh. 9 - Prob. 31DQPCh. 9 - Prob. 33DQPCh. 9 - Prob. 34DQPCh. 9 - Prob. 35DQPCh. 9 - Prob. 36DQPCh. 9 - Prob. 37DQPCh. 9 - Prob. 39C
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Similar questions
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