Each of the following represents tasks that auditors frequently perform:

1. Compilation of quarterly financial statements for a small business that does not have any accounting personnel capable of preparing financial statements.

2. Review of tax return of corporate president to determine whether she has included all taxable income.

3. Review of the activities of the receiving department of a large manufacturing company, with special attention to the efficiency of the materials inspection.

4. Evaluation of a company’s computer system to determine whether the computer is being used effectively.

5. Examination on a surprise basis of Topanga Bank. Emphasis placed on verification of cash and loans receivable and observation of the California banking code.

6. Examination of vacation records to determine whether employees followed company policy of two weeks’ paid vacation annually.

7. Audit of a small college to determine that the college had followed requirements of a bond indenture agreement.

8. Examination of financial statements for use by stockholders when there is an internal audit staff.

9. Audit of a German government agency to determine if the agency has followed policies of the German government.

10. Audit of annual financial statements to be filed with the SEC.

11. Examination of a French government grant to a private company to determine whether it would have been feasible to accomplish the same objective at less cost elsewhere.

12. Audit of a statement of cash receipts and disbursements to be used by a creditor.

Required:

For each of the above, identify the most likely type of auditor (independent, government or internal) and the most likely type of audit (financial, compliance or operational).