Refer to the Auditing in Practice feature Weaknesses in Substantive Procedures Related to Cash: Evidence from PCAOB
Question:
a. Briefly summarize the other audit deficiencies outlined in these releases.
b. Comment on the punishments that the auditors received and the ethical implications of the auditors’ actions.
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Audit Deficiencies for Jaspters Hall The Force Protection Audit Failure to confirm the existence of cash Failure to evaluate the classification of deferred revenue which represented a continuing failu...View the full answer
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Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
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Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Question Posted:
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