EBK AUDITING AND ASSURANCE SERVICES
16th Edition
ISBN: 9780134067117
Author: Hogan
Publisher: VST
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Question
Chapter 17, Problem 28DQP
a.
To determine
Examine the audit approach of testing all three accounts in one sample.
b.
To determine
Compute the required
c.
To determine
Compute the required sample size for each of the three accounts by assuming that the tolerable misstatement in each account is $100,000.
d.
To determine
Explain the manner in which the sample item in the population to audit for the number 4,627,871 can be identified and explain the
e.
To determine
Compute the misstatement bounds for the three combined accounts and conclude appropriate audit conclusions.
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Which of the following statements is not true?
a. Tests of transactions are often performed several months prior to the balance sheet dateb. It is common to use analytical procedures at any time during the auditc. When controls are not considered effective, or when control deviations are discovered, substantive tests will be eliminatedd. Tests of details of balances are normally done las
After the audit planning procedures, your audit team decided to place the preliminary audit risk at a high level. Which of the following is correct?
A. The risk the planned further audit procedures will not be able to detect misstatement should be increased.
B. The auditors should plan set the timing of its extensive substantive testing at year-end.
C. The audit materiality levels should be increased.
D. The auditors should plan extensive substantive testing through analytical procedures.
The auditors for Golden Gate Company have a gut feeling that liabilities may be unrecorded. Their initial suspicions stem from a radical decline in accrued liabilities from last year. Golden Gate’s records are all computerized.
Required:
Devise a plan to search the data files to per- form a substantive test for identifying unre- corded liabilities.
Chapter 17 Solutions
EBK AUDITING AND ASSURANCE SERVICES
Ch. 17 - Prob. 1RQCh. 17 - Prob. 2RQCh. 17 - Prob. 3RQCh. 17 - Prob. 4RQCh. 17 - Prob. 5RQCh. 17 - Prob. 6RQCh. 17 - Prob. 7RQCh. 17 - Prob. 8RQCh. 17 - Prob. 9RQCh. 17 - Prob. 10RQ
Ch. 17 - Prob. 11RQCh. 17 - Prob. 12RQCh. 17 - Prob. 13RQCh. 17 - Prob. 14RQCh. 17 - Prob. 15RQCh. 17 - Prob. 16RQCh. 17 - Prob. 17RQCh. 17 - Prob. 18RQCh. 17 - Prob. 19.1MCQCh. 17 - Prob. 19.3MCQCh. 17 - Prob. 19.2MCQCh. 17 - Prob. 20.1MCQCh. 17 - Prob. 20.2MCQCh. 17 - Prob. 20.3MCQCh. 17 - Prob. 21.1MCQCh. 17 - Prob. 21.3MCQCh. 17 - Prob. 21.2MCQCh. 17 - Prob. 22.1MCQCh. 17 - Prob. 22.2MCQCh. 17 - Prob. 22.3MCQCh. 17 - Prob. 23DQPCh. 17 - Prob. 24DQPCh. 17 - Prob. 25DQPCh. 17 - Prob. 26DQPCh. 17 - Prob. 27DQPCh. 17 - Prob. 28DQPCh. 17 - Prob. 29DQPCh. 17 - Prob. 30DQPCh. 17 - Prob. 31CCh. 17 - Prob. 32C
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