Solved

Following Are Five Cases (1-5)illustrating Different Types of Audit Engagements

Question 101

Essay

Following are five cases (1-5)illustrating different types of audit engagements.In the space provided by each case,indicate the type of audit that would be conducted (H-M),the specific type of auditor who might perform the engagement (P-S),and the auditing standards that would probably apply for the engagement (W-Z).
Case 1.A CPA firm's review of the effectiveness of a federally supported unemployment training program.
Case 2.An audit of financial statements as part of a registration under the Securities Act of 1933.
Case 3.A review of the company's plant security to determine whether it is operating effectively.
Case 4.A review of the Human Resource Department's hiring practices.
Case 5.A study of how the Department of Defense could reduce costs from a competitive bid program.  Type of Audit  Type of Auditor  Audit Standards  (H) Financial (P) Independent CPA  (W) GAAS  (I) Operational  (Q) Internal Auditor  (X) GAO  (J) Compliance  (R) GAO Auditor  (Y) IIA  (K) Performance  (S) Fraud Examiner  (Z) Assoeiation of Certified  Fraud Examiners  (L) Governance  (M) Attestation \begin{array}{l}\begin{array}{lll}\text { Type of Audit } &\text { Type of Auditor } & \text { Audit Standards }\\\text { (H) Financial} & \text { (P) Independent CPA } & \text { (W) GAAS } \\\text { (I) Operational } & \text { (Q) Internal Auditor } & \text { (X) GAO } \\\text { (J) Compliance } & \text { (R) GAO Auditor } & \text { (Y) IIA } \\\text { (K) Performance } & \text { (S) Fraud Examiner } & \text { (Z) Assoeiation of Certified } \\& & \text { Fraud Examiners }\\\text { (L) Governance } & &\\\text { (M) Attestation }\end{array}\\\end{array}  Letter  Type of Audit  Type of Author  Auditing Standards  a.  b.  c.  d.  e. \begin{array} { | l | l | l | l | } \hline \text { Letter } & \text { Type of Audit } & \text { Type of Author } & \text { Auditing Standards } \\\hline \text { a. } & & & \\\hline \text { b. } & & & \\\hline \text { c. } & & & \\\hline \text { d. } & & & \\\hline \text { e. } & & & \\\hline\end{array}

Correct Answer:

verifed

Verified

\[\begin{array} { | c | c | c | c | }
\...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents