What risks must an auditor evaluate in preparing for a top-down, risk based approach to performing an
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 43% (16 reviews)
In a way the risks that an auditor needs to evaluate when performing a topdown ...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Question Posted:
Students also viewed these Auditing questions
-
In an integrated audit the auditor must issue an opinion on ICFR effectiveness only at managements report date which is typically at year end. Yet if ICFR is to be relied upon for the financial...
-
What steps would the auditor take in performing an integrated audit?
-
What is audit risk? Does the auditor determine audit risk or does the auditor assess it? What factors most influence audit risk?
-
Following are financial statements (historical and forecasted) for the Global Products Corporation. A. Assume that the cash account includes only required cash. Determine the dollar amount of equity...
-
Why are rods generally drawn on draw benches, while wire is drawn on draw block machines?
-
You have been hired as an expert witness in a court case involving an automobile accident. The accident involved car A of mass 1500 kg which crashed into stationary car B of mass 1100 kg. The driver...
-
Consider the methanol oxidation data in Table B.20. Perform a thorough analysis of these data. What conclusions do you draw from this analysis? x x2 X3 X4 y 0 454 8.8 3.90 1.30 1.1 0 474 8.2 3.68...
-
For the following situations, would you collect information using a sample or a population? Why? a. Statistics 201 is a course taught at a university. Professor Rauch has taught nearly 1,500 students...
-
Why would Qantas international (not domestic) have a underlying earnings before interest and tax (EBIT) of $-238,000,000
-
4.2 The input-output curve of a gas-fired generating unit is approximated by the following function: H(P) = 120 +9.3P+0.0025P (MJ/h) This unit has a minimum stable generation of 200 MW and a maximum...
-
What are the important controls that the auditor should expect to find over management's process of making accounting estimates? Consider for example, the process of estimating the proper allowance...
-
How does the subjectivity of an accounting process, e.g., making an accounting estimate, affect (a) the nature of the controls the auditor expects to find over the process, and (b) the amount of...
-
Suppose DAVIDsTEA introduced a new product called mint-enhanced teamint and lemon herbal tea. How should it go about creating excitement using various social and mobile media tools?
-
The actions taken by companies and their employees are seemingly always in the spotlight because of the ubiquity of social media. One ethical misstep can cause a company tremendous reputational...
-
You are the production director of a manufacturing company. In a highly competitive market, you carry out all of the major manufacturing tasks in a neighboring country as the wage levels there are 40...
-
Proponents of the circular economy say that it is the only responsible way forward for the global economy. Describe the advantages of a circular economy. Do you think the world can move toward...
-
Many companies get involved in environmental, or green, issues to demonstrate their social responsibility. How might a company align its social responsibility efforts with its strategy? Provide...
-
Globalization and increased cross-cultural business bring moral issues and competitiveness front and center today. Why is it important for companies to take a position on social issues and build a...
-
When most soluble ionic compounds dissolve in water, the enthalpy of solution is positive (the process is endothermic). What conclusion(s) can be made about the entropy change that accompanies the...
-
Tell whether the angles or sides are corresponding angles, corresponding sides, or neither. AC and JK
-
Look back to the example of Allerdale in section 15.6. The following information relates to the month of July which had the same budgeted profit as that of June but saw an unexpected increase in...
-
Consult Paragraph 2 and Paragraph A5 (in Appendix A) of PCAOB Auditing Standard No. 5. Do you believe that WorldCom had established an effective system of internal control over financial reporting...
-
Consult Paragraphs 1321 of PCAOB Auditing Standard No. 15. As an auditor at WorldCom, what type of evidence would you want to examine to determine whether the company was inappropriately releasing...
-
Consult Paragraphs 7-10 of PCAOB Auditing Standard No. 12. Based on your understanding of risk assessment and the case information, identify three specific factors about WorldComs strategy that might...
-
Sales quantity Sales Direct material Direct labor Manufacturing overhead Selling and Admin. Expenses The total cost of goods sold is 1,000 $66.00 per unit $12.00 $4.00 $3.00 per unit $1,800 per month...
-
Let R denote the region in the xy-plane that lies in the first quadrant and is bounded by the lines y = 1 - x, y = 2 - x, y = x + 1, and y = x - 1. Set u=x+y and v = y-x. (a) Solve for x and y in...
-
Reply to The culture established by Mr. Kelleher places importance on employee happiness, which directly influences customer satisfaction and overall organizational achievements. To maintain this...
Study smarter with the SolutionInn App