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Match the Engagement Described to the (A)type of Audit and (B)auditor

Question 47

Question 47

Matching

Match the engagement described to the (A)type of audit and (B)auditor that would perform the engagement.Each engagement will have an answer from List-A and List-B.An answer can be used once, more than once, or not at all.

Premises:

Responses:

Evaluate financial statements that are to be submitted to a bank.
List A - Type of Audit:

Compliance

Determine if Medicare reimbursements are in accordance with the Healthcare Financing Administration (HCFA).
List A - Type of Audit:

External

Evaluate the promptness of materials inspection in a manufacturer's receiving department.
List A - Type of Audit:

Operational
List B - Type of Auditor:

Determine the effectiveness of a Department of Defense project.
List A - Type of Audit:

Government

Evaluate/determine if bank covenants are being met.
List A - Type of Audit:

Internal

Determine if the tax return of a multinational corporation is in accordance with the tax code.
List A - Type of Audit:

Financial Statement

Determine if a public school is properly applying their reimbursement for the payment-in-kind program.
List A - Type of Audit:

IRS

Evaluate a company's payroll processing for economy.
List A - Type of Audit:

Premises:

Evaluate financial statements that are to be submitted to a bank.
List A - Type of Audit:

Determine if Medicare reimbursements are in accordance with the Healthcare Financing Administration (HCFA).
List A - Type of Audit:

Evaluate the promptness of materials inspection in a manufacturer's receiving department.
List A - Type of Audit:

Determine the effectiveness of a Department of Defense project.
List A - Type of Audit:

Evaluate/determine if bank covenants are being met.
List A - Type of Audit:

Determine if the tax return of a multinational corporation is in accordance with the tax code.
List A - Type of Audit:

Determine if a public school is properly applying their reimbursement for the payment-in-kind program.
List A - Type of Audit:

Evaluate a company's payroll processing for economy.
List A - Type of Audit:

Responses:

Compliance

External

Operational
List B - Type of Auditor:

Government

Internal

Financial Statement

IRS

Correct Answer:

Premises:

Responses:

Evaluate financial statements that are to be submitted to a bank.
List A - Type of Audit:

Determine if Medicare reimbursements are in accordance with the Healthcare Financing Administration (HCFA).
List A - Type of Audit:

Evaluate the promptness of materials inspection in a manufacturer's receiving department.
List A - Type of Audit:

Determine the effectiveness of a Department of Defense project.
List A - Type of Audit:

Evaluate/determine if bank covenants are being met.
List A - Type of Audit:

Determine if the tax return of a multinational corporation is in accordance with the tax code.
List A - Type of Audit:

Determine if a public school is properly applying their reimbursement for the payment-in-kind program.
List A - Type of Audit:

Evaluate a company's payroll processing for economy.
List A - Type of Audit:

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