Auditing Hw Solutions Essay
Students may encounter some difficulty with this matching question because the Special Committee on Assurance Services (SCAS) listed many things that heretofore have been considered “attestation services” (long before assurance services were invented). As a result, we believe that this question is a good vehicle for discussing the considerable overlap between attestation and assurance services.
Real estate demand studies: Assurance service
Ballot for awards show: Assurance service
Utility rates applications: Assurance service
Newspaper circulation audits: Assurance service
Third-party reimbursement …show more content…
Type of Audit Engagement Financial Statement Auditor Independent CPA Internal auditor Governmental (GAO) auditor IRS auditor Bank examiner 5 7 2, 10 6, 8 4, 8 1, 3 1, 3, 9 Compliance Economy and Efficiency Program Results
Type of Audit 1. Proprietary school’s training expenses Advertising agency financial statements Dept. of Defense launch vehicle Municipal services Tax shelters Test pilot reporting Bank solvency Economy and efficiency or program results Financial statement Economy and efficiency or program results Economy and efficiency Compliance Compliance Compliance
Type of Auditor Governmental (GAO) auditors Independent CPAs Governmental (GAO) auditors Internal auditors IRS auditors Internal auditors Bank examiners
4. 5. 6. 7.
Materials inspection by manufacturer States’ reporting chemical use data Sports complex forecast
Compliance or Economy and Efficiency Program goal
Governmental (GAO) auditors Independent CPAs
Financial Assertions and Audit Objectives
The objectives for the audit