Exam (elaborations)
FULL TEST BANK Auditing and Assurance Services 16th Edition by Alvin Arens (Author) latest update Graded A+
FULL TEST BANK Auditing and Assurance Services 16th Edition by Alvin Arens (Author) latest update Graded A+
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
Auditing and Assurance Services 16th Editionby Alvin Arens (Author) latest update Graded A+
PRINTEND PDF|ORIGINAL DIRECT FROM PUBLISHER|100% VERIFIED
ANSWERS|DOWLOAD IMMEDIATELY AFTER THE ORDER
16TH EDITION
Complete Test Bank, All Chapter Are Included
For More Documents Search (Testbankproferssor.Stuvia)
, AUDITING AND ASSURANCE SERVICES 14E BY
ARENS – COMPLETE SOLUTION MANUAL
SOLUTION MANUAL FOR AUDITING AND ASSURANCE SERVICES 14E BY ARENS
SOLUTION MANUAL FOR AUDITING AND ASSURANCE SERVICES 14E BY ARENS
AUDITING AND ASSURANCE SERVICES 14TH EDITION
CHAPTER 1
,1-1 (OBJECTIVE 1-5) EXPLAIN THE RELATIONSHIPS AMONG AUDIT SERVICES, ATTESTATION
SERVICES, AND ASSURANCE SERVICES, AND GIVE EXAMPLES OF EACH.
1-2 (OBJECTIVE 1-3) DISCUSS THE MAJOR FACTORS IN TODAY’S SOCIETY THAT HAVE MADE
THE NEED FOR INDEPENDENT AUDITS MUCH GREATER THAN IT WAS 50 YEARS AGO.
1-3 (OBJECTIVE 1-3) DISTINGUISH AMONG THE FOLLOWING THREE RISKS: RISK-FREE INTEREST
RATE, BUSINESS RISK, AND INFORMATION RISK. WHICH ONE OR ONES DOES THE AUDITOR
REDUCE BY PER- FORMING AN AUDIT?
1-4 (OBJECTIVE 1-4) IDENTIFY THE MAJOR CAUSES OF INFORMATION RISK AND IDENTIFY
THE THREE MAIN WAYS INFORMATION RISK CAN BE REDUCED. WHAT ARE THE
ADVANTAGES AND DISADVANTAGES OF
EACH?
1-5 (OBJECTIVE 1-1) EXPLAIN WHAT IS MEANT BY DETERMINING THE DEGREE OF
CORRESPONDENCE BETWEEN INFORMATION AND ESTABLISHED CRITERIA. WHAT ARE THE
INFORMATION AND ESTABLISHED CRITERIA FOR THE AUDIT OF JONES COMPANY’S TAX RETURN
BY AN INTERNAL REVENUE AGENT? WHAT ARE THEY FOR THE AUDIT OF JONES COMPANY’S
FINANCIAL STATEMENTS BY A CPA FIRM?
1-6 (OBJECTIVES 1-1, 1-7) DESCRIBE THE NATURE OF THE EVIDENCE THE INTERNAL REVENUE
AGENT WILL USE IN THE AUDIT OF JONES COMPANY’S TAX RETURN.
1-7 (OBJECTIVE 1-2) IN THE CONDUCT OF AUDITS OF FINANCIAL STATEMENTS, IT WOULD BE A
SERIOUS BREACH OF RESPONSIBILITY IF THE AUDITOR DID NOT THOROUGHLY UNDERSTAND
ACCOUNTING. HOWEVER, MANY COMPETENT ACCOUNTANTS DO NOT HAVE AN
UNDERSTANDING OF THE AUDITING PROCESS. WHAT CAUSES THIS DIFFERENCE?
1-8 (OBJECTIVE 1-6) WHAT ARE THE DIFFERENCES AND SIMILARITIES IN AUDITS OF FINANCIAL
STATE- MENTS, COMPLIANCE AUDITS, AND OPERATIONAL AUDITS?
1-9 (OBJECTIVES 1-6, 1-7) LIST FIVE EXAMPLES OF SPECIFIC OPERATIONAL AUDITS THAT CAN
BE CONDUCTED BY AN INTERNAL AUDITOR IN A MANUFACTURING COMPANY.
, 1-10 (OBJECTIVES 1-5, 1-6) WHAT KNOWLEDGE DOES THE AUDITOR NEED ABOUT THE CLIENT’S
BUSINESS IN AN AUDIT OF HISTORICAL FINANCIAL STATEMENTS? EXPLAIN HOW THIS
KNOWLEDGE MAY BE USEFUL IN PERFORMING OTHER ASSURANCE OR CONSULTING SERVICES
FOR THE CLIENT.
1-11 (OBJECTIVE 1-7) WHAT ARE THE MAJOR DIFFERENCES IN THE SCOPE OF THE AUDIT
RESPON- SIBILITIES FOR CPAS, GAO AUDITORS, IRS AGENTS, AND INTERNAL AUDITORS?
1-12 (OBJECTIVE 1-8) IDENTIFY THE FOUR PARTS OF THE UNIFORM CPA EXAMINATION.
1-13 (OBJECTIVE 1-5) EXPLAIN WHY CPAS NEED TO BE KNOWLEDGEABLE ABOUT INFORMATION
TECHNOLOGY, INCLUDING E-COMMERCE TECHNOLOGIES.
3. A REPORT STATING WHETHER THE COMPANY HAS COMPLIED WITH RESTRICTIVE
COVENANTS RELATED TO OFFICER COMPENSATION AND PAYMENT OF DIVIDENDS
CONTAINED IN A BANK LOAN
AGREEMENT.
AN ELECTRONIC SEAL INDICATING THAT AN ELECTRONIC SELLER OBSERVES
CERTAIN PRACTICES. A REPORT INDICATING WHETHER A GOVERNMENTAL
ENTITY HAS COMPLIED WITH CERTAIN GOVERNMENT REGULATIONS.
A REPORT ON THE EXAMINATION OF A FINANCIAL FORECAST.
A REVIEW REPORT THAT PROVIDES LIMITED ASSURANCE ABOUT WHETHER
FINANCIAL STATEMENTS ARE FAIRLY STATED IN ACCORDANCE WITH U.S. GAAP.
A REPORT ON MANAGEMENT’S ASSERTION ON THE COMPANY’S LEVEL OF
CARBON EMISSIONS. A REPORT ABOUT MANAGEMENT’S ASSERTION ON THE
EFFECTIVENESS OF CONTROLS OVER THE
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Testbankprofessor. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $21.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78998 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now