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Solution Manual for Principles of Auditing and Other Assurance Services, 23rd Edition 2024, by Ray Whittington, Kurt Pany, All Chapters 1 - 21, Complete Newest Version$16.09
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Solution Manual for Principles of Auditing and Other Assurance Services, 23rd Edition 2024, by Ray Whittington, Kurt Pany, All Chapters 1 - 21, Complete Newest Version
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Auditing & Other Assurance Services, 23rd Edition
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Auditing & Other Assurance Services, 23rd Edition
Solution Manual for Principles of Auditing and Other Assurance Services, 23rd Edition 2024, by Ray Whittington, Kurt Pany, All Chapters 1 - 21, Complete Newest Version
1-8 Att thetbeginningtoftthetcentury,tthetprincipaltobjectivetoftauditingtwast thetpreventiontandtdetectiontoftfraud.t
Auditt worktcenteredtontthetbalancetsheet,tbecausetthetincometstatementt wast regardedtast highlytconfidentialt
andt nott fort publictdisclosure.t Today,t thetprincipaltobjectivetoft auditingt ist tot formtantopiniontontthetfairnesst
oft financialtstatementst andttheirt conformitytwithtgenerallytacceptedtaccountingtprinciples.t Butt thetprofessio
nalt standardst alsot requiretthatt antauditt betdesignedttotprovidetreasonabletassurancetoft detectingt materialt mis
statements,t duettot errorst ort fraud.t Particulart emphasist ist placedtontthetincometstatementt whichtist oftgreatt i
mportancettotinvestors.t Auditingttodaytalsothast thetobjectivest oftmeetingtthetrequirementst oft thetSecuritiest a
ndtExchangetCommissiont(SEC)t andtthetPublictCompanytAccountingtOversighttBoardtfortpublictcompan
ies.
1-9 Thetstatementt ist incorrect.tThetincreasingtintegratedt databasest oft today,t alongtwithtavailabletaudittpr
ocedurestmaketauditedtentiretpopulationstatpossibilitytintmanytsituations.
1-10 Antoperationaltauditt attemptst totmeasurettheteffectivenesst andtefficiencytoftatspecifictunitt oftantorganiza
tion.t Itt involvest moretsubjectivetjudgmentst thantatcompliancetauditt ortantauditt oftfinancialtstatementst be
causetthetcriteriat oft effectivenesst andtefficiencytoft departmentaltperformancetaretnott astclearlytestablish
edtast aretmanytlawst andtregulationst ortgenerallytacceptedtaccountingtprinciples.
Thetreportt preparedtaftert completiontoft antoperationaltauditt ist usuallytdirectedt totmanagementtoftth
etorganizationtintwhichtthetaudittworktwastdone.
1-11 Atcompliancetauditt ist antauditt totdeterminetwhethertfinancialtreportst ortothertassertionstaret intcompliancet
withtestablishedtcriteria.t Thetnecessarytingredientst aretverifiabletdatat andtthetexistencetoftstandardst establi
shedtbytantauthoritativetbody.t Antoperationaltaudit,t ontthetothert hand,t ist at reviewtoft atdepartmentt ort othertu
nitt oftat businesst ort governmentaltorganizationttotmeasurettheteffectivenesst andtefficiencytoft operations.t Int
ernaltauditorst oftentperformtoperationaltauditst ast dotauditorst employedtbytthetGovernmenttAccountabilit
ytOfficet(GAO)toftthetfederaltgovernment.
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