Question 1

Effect of Internal Audit's Work on the External Audit
Which are the audit judgments made by the external auditor that should not be delegated to the internal auditor?

Accepted Answer

The answer of Effect of Internal Audit's Work on the...

Question 2

Assessing Whether Misstatements Are Material
What additional information might the auditor choose to analyze to determine whether or not the financial statements are misstated by a material amount?

Accepted Answer

The answer of Assessing Whether Misstatements Are Material
What additional information...

Question 3

Evaluating the Quality of Client's Internal Audit Function
An external auditor has to assess the quality of the internal audit function and determine whether the internal auditors' work is relevant to the external audit and of sufficient quantity and quality regardless of how the client staffs the internal audit function.Explain?

Accepted Answer

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Question 4

Audit Program for Goodwill Impairment Testing
Outline the major elements of an audit program to determine whether there is a goodwill impairment,and if there is,the extent of the goodwill impairment?

Accepted Answer

The answer of Audit Program for Goodwill Impairment Testing
Outline the...

Question 5

Purpose of Materiality Judgments and Common Benchmarks and Thresholds
What are the key aspects in materiality judgments? Explain the purpose of materiality judgments,common benchmarks,and thresholds.

Accepted Answer

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Quiz 18: Advanced Topics Concerning Complex Audit Judgments

Effect of Internal Audit's Work on the External Audit Which are the audit judgments made by the external auditor that should not be delegated to the internal auditor?

Assessing Whether Misstatements Are Material What additional information might the auditor choose to analyze to determine whether or not the financial statements are misstated by a material amount?

Audit Program for Goodwill Impairment Testing Outline the major elements of an audit program to determine whether there is a goodwill impairment,and if there is,the extent of the goodwill impairment?

Purpose of Materiality Judgments and Common Benchmarks and Thresholds What are the key aspects in materiality judgments? Explain the purpose of materiality judgments,common benchmarks,and thresholds.