What type of audit is indicated in each of the following situations?
a. Checking internal controls over the sales/collection process.
b. Determining how an employee embezzled cash.
c. Establishing whether an audit conformed to all provisions of Sarbanes-Oxley.
d. Evaluating the accounting policy choices management made for conformity with GAAP.
e. Expressing an opinion on the fairness of a company’s financial statements.
f. Inputting sample transactions and verifying the output from Peachtree.
g. Observing internal controls over inventory to improve process effectiveness.
h. Performing a comprehensive analysis of an Italian firm’s accounting information system.
i. Using test data to determine how QuickBooks processes transactions.
j. Validating the assumptions made for a major capital investment.

  • CreatedAugust 06, 2015
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