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TEST BANK for Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington and Kurt Pany all chapters 1-21 covered $21.99
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TEST BANK for Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington and Kurt Pany all chapters 1-21 covered

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Principles of Auditing textbook Auditing textbook 22nd edition Ray Whittington auditing book Kurt Pany audit services Test bank for auditing principles Auditing and assurance services book Auditing book by Ray Whittington Accounting and auditing test bank Whittington Pany auditing edition ...

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  • December 18, 2024
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  • Principles of Auditing and Other Assurance Servic
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TEST BANK
Principles of Auditing and Other Assurance Services
22nd Edition by Ray Whittington and Kurt Pany
all chapters 1-21 covered




VersionG1 1

,TABLE OF CONTENT
G G




ChapterG1:GTheGRoleGofGtheGPublicGAccountantGinGtheGAmericanEconomy

ChapterG2:GProfessionalGStandards

ChapterG3:GProfessionalGEthics

ChapterG4:GLegalGLiabilityGofGCPAs

ChapterG5:GAuditGEvidenceGandGDocumentation

ChapterG6:GAuditGPlanning,GUnderstandingGtheGClient,GAssessingRisks,GandGResponding

ChapterG7:GInternalGControl

ChapterG8:GConsiderationGofGInternalGControlGinGanGInformationTechnologyGEnvironment

ChapterG9:GAuditGSampling

ChapterG10:GCashGandGFinancialGInvestments

ChapterG11:GAccountsGReceivable,GNotesGReceivable,GandRevenue

ChapterG12:GInventoriesGandGCostGofGGoodsGSold

ChapterG13:GProperty,GPlant,GandGEquipment:GDepreciationGandDepletion

ChapterG14:GAccountsGPayableGandGOtherGLiabilities

ChapterG15:GDebtGandGEquityGCapital

ChapterG16:GAuditingGOperationsGandGCompletingGtheGAudit

ChapterG17:GAuditors’GReports

ChapterG18:GIntegratedGAuditsGofGPublicGCompanies

ChapterG19:GAdditionalGAssuranceGServices:GHistoricalGFinancialInformation

ChapterG20:GAdditionalGAssuranceGServices:GOtherGInformation

ChapterG21:GInternal,GOperational,GandGComplianceGAuditing
VersionG1 2

,AnswersGareGatGtheGendGofGeachGchapterG

ChapterG1TheGRoleGofGtheGPublicGAccountantGinGt

heGAmericanEconomy

StudentGname:
1) AccountantsGareGregulatedGbyGaGvarietyGofGorganizations.GMatchGtheGstatementsGwithGt
heGmostGdirectlyGrelatedGorganization:
● AccountingGandGReviewGServicesGCommittee.
● AmericanGInstituteGofGCertifiedGPublicGAccountants.
● AuditingGStandardsGBoard.
● FederalGAccountingGStandardsGAdvisoryGBoard.
● FinancialGAccountingGStandardsGBoard.
● GeneralGAccountingGOffice.
● GovernmentGAccountingGStandardsGBoard.
● PublicGCompanyGAccountingGOversightGBoard.
● SecuritiesGandGExchangeGCommission.
● StateGBoardsGofGAccountancy.
OrganizationsGmayGbeGusedGonce,GmoreGthanGonce,GorGnotGatG all.
Statements Organizations
A.GDevelopsGaccountingGstandards
forGpublicGandGnonpublicGcompanies.

B.GDevelopsGaccountingGstandardsGforGtheGU.S.G
Government.
C.GImprovesGstandardsGofGfinancialGaccountingGf
orGstateGandGlocal
governmentGentities.
D.GIssuesGauditingGstandardsGforGpublicGcompan
ies.
E.GIssuesGCPAGcertificates.

F.GPreparesGtheGCPAGexam.

Organizations:GAmericanGInstituteGofGCertifiedGPublicGAccountants,GFederalGAccountingGStandar
dsGAdvisoryGBoard,GFinancialGAccountingGStandardsGBoard,GGovernmentGAccountingGStandardsG
Board,GPublicGCompanyGAccountingGOversightGBoard,GStateGBoardsGofGAccountancy.




VersionG1 3

, 2) TheGSarbanes-
OxleyGActGofG2002GmadeGsignificantGreformsGforGpublicGcompaniesGandGtheirGauditors.
a. DescribeGtheGeventsGthatGledGupGtoGtheGpassageGofGtheGAct.
b. DescribeGtheGmajorGchangesGmadeGbyGtheGAct.




3) ManyGpeopleGconfuseGtheGresponsibilitiesGofGtheGindependentGauditorsGandGtheGclie
nt'sGmanagementGwithGrespectGtoGauditedGfinancialGstatements.
a. DescribeGmanagement'sGresponsibilityGregardingGauditedGfinancialGstatements.
b. DescribeGtheGindependentGauditors'GresponsibilityGregardingGauditedGfinancialGstatements.
c. EvaluateGtheGfollowingGstatement:G"IfGtheGauditorsGdisagreeGwithGmanagementGregardingGa
nGaccountingGprincipleGusedGinGtheGfinancialGstatements,GtheGauditorsGshouldGexpressGtheirGvie
wsGinGtheGnotesGtoGtheGfinancialGstatements."



4) AnGinvestorGisGconsideringGinvestingGinGoneGofGtwoGcompanies.GTheGcompaniesGhaveGver
yGsimilarGreportedGfinancialGpositionGandGresultsGofGoperations.GHowever,GonlyGoneGofGtheGcomp
aniesGhasGitsGfinancialGstatementsGaudited.
a. DescribeGwhatGcreatesGtheGdemandGforGanGauditGinGthisGsituation.GIncludeGaGdiscussionGofG
howGauditedGfinancialGstatementsGfacilitateGthisGinvestmentGtransaction,GandGtheGeffectGofGtheG
auditGonGbusinessGriskGandGinformationGrisk.
b. IdentifyGtheGpotentialGconsequencesGtoGtheGcompanyGofGnotGhavingGitsGfinancialGstateme
ntsGaudited.

5) AGsummaryGofGfindingsGratherGthanGassuranceGisGmostGlikelyGtoGbeGincludedGinGa(n):

A) Agreed-uponGproceduresGreport.
B) CompilationGreport.
C) AuditGreport.
D) ReviewGreport.




VersionG1 4

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