Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
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Chapter 19, Problem 33OQ
To determine
Determine whether a CPA may provide each of the following services, and whether independence is required, by placing a check in the appropriate box.
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Is it allowed to send copies of the auditor's earlier paperwork to the client? If yes, are there any special criteria that auditors should review prior to delivering the client's documentation? At least three things should be mentioned.
Which of the following procedures would maintain threats at an acceptable level and not impair independence?
Recording transactions to an attest client's general ledger when the member has determined or approved the account
classifications for the transaction. Posting member - coded transactions to an attest client's general ledger. Preparing
financial statements based on information in the attest client's trial balance. Posting member - approved journal or other
entries to an attest client's trial balance.
Providing copies of the auditor's earlier paperwork to the customer is permitted under the circumstances. If so, are there any particular circumstances that the auditors should look for before delivering the client's documentation? List at least three things that come to mind.
Chapter 19 Solutions
Principles Of Auditing & Other Assurance Services
Ch. 19 - Prob. 1RQCh. 19 - Prob. 2RQCh. 19 - Prob. 3RQCh. 19 - Prob. 4RQCh. 19 - Prob. 5RQCh. 19 - Prob. 6RQCh. 19 - Prob. 7RQCh. 19 - Prob. 8RQCh. 19 - Prob. 9RQCh. 19 - Prob. 10RQ
Ch. 19 - Prob. 11RQCh. 19 - Prob. 12RQCh. 19 - Prob. 13RQCh. 19 - What are the types of procedures performed during...Ch. 19 - Prob. 15RQCh. 19 - Prob. 16RQCh. 19 - Prob. 17RQCh. 19 - What procedures are required when a CPA performs a...Ch. 19 - Prob. 19RQCh. 19 - What should the accountants do if they discover...Ch. 19 - Prob. 21RQCh. 19 - Prob. 22RQCh. 19 - Prob. 23QRACh. 19 - Prob. 24QRACh. 19 - Prob. 25QRACh. 19 - Prob. 26QRACh. 19 - In connection with a public offering of...Ch. 19 - Prob. 28QRACh. 19 - Prob. 29AOQCh. 19 - Prob. 29BOQCh. 19 - Prob. 29COQCh. 19 - Prob. 29DOQCh. 19 - Prob. 29EOQCh. 19 - Prob. 29FOQCh. 19 - Prob. 29GOQCh. 19 - Prob. 29HOQCh. 19 - Prob. 29IOQCh. 19 - Prob. 29JOQCh. 19 - Prob. 29KOQCh. 19 - Prob. 29LOQCh. 19 - Prob. 30OQCh. 19 - Prob. 31OQCh. 19 - Prob. 32OQCh. 19 - Prob. 33OQCh. 19 - Prob. 34OQCh. 19 - Jiffy Clerical Services is a company that...Ch. 19 - Prob. 36PCh. 19 - Prob. 37AITCCh. 19 - Prob. 37BITCCh. 19 - Prob. 37CITCCh. 19 - Prob. 37DITCCh. 19 - Prob. 38RDC
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Is it OK to give the client copies of the auditor's previous documents? If so, what should the auditors look for before giving the documentation to the client? At least three things.arrow_forwardIdentify and explain the various stages of and parties to the collection of a check.arrow_forwardIs it permissible to provide the customer copies of the auditor's previous paperwork? If so, are there any other factors that auditors should consider before presenting client documentation? At the very least, three points should be made.arrow_forward
- What task can the AR department engage in to verify that all customers’ checks have been appropriately deposited and recorded?arrow_forwardIn addition to obtaining responses to attorney letters, what other procedures can be used to gather audit evidence regarding litigation, claims, and assessments?arrow_forwardAudit techniques for verifying remuneration for officials are available.arrow_forward
- Answer the below: What do you understand by attestation services? Discuss the responsibility and functions of CPA. Why independent Auditors' Reports are usually required? What type of information usually discussed in this report?arrow_forwardAuditors are required on every engagement to obtain a representation letter from the client. a. What are the objectives of the client’s representation letter? b. Who should prepare and sign the client’s representation letter? c. When should the client’s representation letter be obtained?arrow_forwardYou are auditing the balance in the prepaid insurance account for your audit client. a) Name and briefly define two audit assertions that might apply for the prepaid insurance. b) For EACH of these assertions, give ONE audit procedure that would be used. Explain how that procedure would be applied. What? When? Who? etc.arrow_forward
- What should be included for the Auditor's address?arrow_forwardMonitoring must be performed by an independent function such as a CPA.arrow_forwardExplain the purpose of an engagement letter which is signed immediately after the appointment with the audit client, and ANY FIVE (5) of its main contents.arrow_forward
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