Describe the general nature and purpose of a “walk- through” audit procedure. Are such tests required by professional auditing standards?
Answer to relevant QuestionsIdentify audit procedures, other than a walk- through test that might have resulted in Grant Thornton discovering that Fred Greenberg was tampering with JGI’s delivery receipts.The AICPA has issued several Audit and Accounting Guides for specialized industries. Do auditors have a responsibility to refer to these guides when auditing clients in those industries? Do these guides override or replace ...Do you believe that the relationship between Robert Fish and Ryan Brant was inappropriate? Explain.Identify specific fraud risk factors present during PwC’s audits of the Lipper hedge funds. Explain how PwC should have responded to the fraud risk factors that you identified.Under what circumstances must audit procedures be applied to supplemental information accompanying a client’s financial statements? Describe the responsibilities auditors have when auditing such information.
Post your question