EBK AUDITING AND ASSURANCE SERVICES
16th Edition
ISBN: 9780134067117
Author: Hogan
Publisher: VST
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Question
Chapter 7, Problem 18RQ
To determine
Explain the reason for auditor not leaving questions or exceptions in the audit documentation without an adequate explanation.
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Why should receiving reports be prenumbered? What assertion would an auditor test using thereceiving reports, and how would the auditor do this?
Why should receiving reports be prenumbered in the first place? With the help of the receiving reports, what assertions would an auditor test, and how would the auditor go about doing so?
What type of situation would require an auditor to give an unmodified opinion without a standard report. Why would their opinion have to be modified?
Chapter 7 Solutions
EBK AUDITING AND ASSURANCE SERVICES
Ch. 7 - Prob. 1RQCh. 7 - Prob. 2RQCh. 7 - Prob. 3RQCh. 7 - Prob. 4RQCh. 7 - Prob. 5RQCh. 7 - Prob. 6RQCh. 7 - Prob. 7RQCh. 7 - Prob. 8RQCh. 7 - Prob. 9RQCh. 7 - Prob. 10RQ
Ch. 7 - Prob. 11RQCh. 7 - Prob. 12RQCh. 7 - Describe the liquidity activity ratios and explain...Ch. 7 - Prob. 14RQCh. 7 - Prob. 15RQCh. 7 - Prob. 16RQCh. 7 - Prob. 17RQCh. 7 - Prob. 18RQCh. 7 - Define what is meant by a tick mark. What is its...Ch. 7 - Prob. 20RQCh. 7 - Prob. 21.1MCQCh. 7 - Prob. 21.2MCQCh. 7 - Prob. 21.3MCQCh. 7 - Prob. 22.1MCQCh. 7 - Prob. 22.2MCQCh. 7 - Prob. 22.3MCQCh. 7 - Prob. 23.1MCQCh. 7 - Prob. 23.2MCQCh. 7 - Prob. 23.3MCQCh. 7 - Prob. 24.1MCQCh. 7 - Prob. 24.2MCQCh. 7 - Prob. 24.3MCQCh. 7 - Prob. 25DQPCh. 7 - Prob. 26DQPCh. 7 - Prob. 27DQPCh. 7 - Prob. 28DQPCh. 7 - Prob. 29DQPCh. 7 - Prob. 30DQPCh. 7 - Following are 10 audit procedures with words...Ch. 7 - Prob. 32DQPCh. 7 - Prob. 33DQPCh. 7 - Prob. 34DQPCh. 7 - You are auditing payroll for the Morehead...Ch. 7 - Prob. 36DQPCh. 7 - Prob. 38C
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Similar questions
- It's not clear why pre-numbering the reports received is essential. How may an auditor verify a claim made in a report?arrow_forwardCan the auditor obtain more audit evidence to compensate for the lack of perceived appropriateness (quality) of the evidence which is available?arrow_forwardAre internal controls required even if an auditor doesn't plan to rely on them in his audit? Explain.arrow_forward
- Did the preparation of checks violate the auditors’ Code of Ethics?arrow_forwardIf an auditor does not intend to rely on internal controls in the audit, does the auditor needto obtain an understanding of the client’s internal control? Explain.arrow_forwardThe "other information" is included in the audit opinion, or is it excluded? Justify your choice.arrow_forward
- Secondary purpose of audit documentation is to provide adequate defense in case of litigation for malpractice. TRUE OR FALSE? WHY?arrow_forwardWhich of the following does NOT describe sufficient appropriate audit evidence? O appropriateness relates to the quality of evidence O the quality of evidence affects the quantity required O sufficiency relates to the quantity of evidence O the sufficiency of evidence is a matter of professional scepticismarrow_forwardWhat are some factors that complicate the post-audit process?arrow_forward
- Is it necessary for an auditor to understand the client's internal control if the auditor does not plan to depend on it throughout the audit? Explain.arrow_forwardWhich of the following situations will not result in modification of the auditor's report because of a scope limitation? * O Inadequacy in the accounting records. O Restriction imposed by the client. Inability to obtain sufficient appropriate evidential matter. Reliance placed on the report of another auditor.arrow_forward
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