case study

Which of the following is not true about the major differences in the scope of audit responsibilities for CPAS, GAO auditors, IRS agents, and internal auditors? B CPAS perform audits of financial statements of private and public companies prepared in accordance with U.S. or international auditing standards. GAO auditors perform compliance or operational audits in order to assure the government of the expenditure of public funds in accordance with its directives. IRS agents perform compliance audits to enforce the federal tax laws as defined by the government, interpreted by the courts, and regulated by the IRS. D Internal auditors perform compliance or operational audits in order to assure management policies are property developed applied, and evaluated. 1 Point Question 10 To do an audit of a company's financial statements, there must be several key elements and procedures including all of the following except Quantitative information in a verifiable form that can be checked by the auditor. Some standards or criteria by which the auditor can evaluate the information, which are generally accepted accounting principles or International Financial Reporting Standards. Determining the degree of correspondence between information and established criteria using some kind and amount of evidence D) None of the above. DO Test Content HIP Abdulla is a CPA who is engaged to perform a variety of services to both audit and non-audit clients. Most of his work involves financial statements audits for publicly traded companies, other large companies, many small companies and even non-commercial organizations. However, some clients seek a variety of other non-audit services. These services differ widely in terms of the nature and purpose of providing the service. Differences also exist as to the amount of evidence used, costs incurred and accordingly the level of assurance provided on the reliability of information. Abdulla believes that auditing careers provide an excellent experience in risk assessment and management techniques. He has an opportunity for professional development and he also believes that his employment is interesting and meaningful. Working as a CPA, Abdulla has a wide range of opportunities allowing for personal growth. Although Abdulla, as a CPA, can perform any type of audit, some audit engagements are restricted to certain types of auditors other than the CPA. Following are a variety of services and audit engagements performed by different types of auditors. Based on your auditing background, you are required to help the auditor in analyzing each of the following separate individual cases related to different types of engagements by answering the following questions