logo

Auditing Assignment: Client Management

   

Added on  2020-05-28

9 Pages1560 Words39 Views
 | 
 | 
 | 
Running head: AUDITINGAuditingName of the Student:Name of the University:Author Note:
Auditing Assignment: Client Management_1

2AUDITINGTable of ContentsPart I: Internal Controls...................................................................................................................4Question 1........................................................................................................................................4Responsibility of the client management in relation to internal controls........................................4Responsibility of the company directors in relation to internal controls.........................................4Responsibility of the auditors in relation to internal controls..........................................................4Question 2........................................................................................................................................5Defining effect of the auditor understanding of internal controls on the audit approach................5Part II: “Strengths and Weaknesses of an Internal Control System”...............................................5Question 1........................................................................................................................................5“Internal control activities in Caroma’s sales and accounts receivable areas”................................5Question 2........................................................................................................................................6Explain how the control prevents or detects material misstatements..............................................6Question 3........................................................................................................................................6Identifying key assertions addressed by each of the controls..........................................................6Question 4........................................................................................................................................7“Internal control weaknesses in the processing of transactions of Caroma’s sales and accountsreceivable area”...............................................................................................................................7Question 5........................................................................................................................................7Identify one account balance at risk of material misstatement........................................................7
Auditing Assignment: Client Management_2

3AUDITINGQuestion 6........................................................................................................................................8Identify key financial report assertion at risk..................................................................................8Reference List..................................................................................................................................9
Auditing Assignment: Client Management_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
MAA303 Auditing Assignment: Internal Control
|8
|1396
|36

Auditing Assignment Solution (Doc)
|11
|3271
|499

(solution) Auditing Assignment
|10
|1567
|188

Auditing and Assurance Services
|12
|2878
|126

ASA 701 Auditing Assignment
|17
|4011
|216

AUDITING AND ASSURANCE SERVICES Auditing and Assurance Services Name of the University Author's Name
|14
|3721
|363