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please answer all 6 to 13 questions pleass answeer all questions as soon as possible please 6. Accountants who are employees of corporations Dcan have
please answer all 6 to 13 questions pleass answeer all questions as soon as possible please
6. Accountants who are employees of corporations Dcan have job descriptions that include audit functions 2cannot perform audit functions because they are not independent 3must follow the AICPA Code of Conduct if they perform independent audits and issue reports can perform operational and fraud audit tasks but not financial audit tasks 7. Auditors of public companies Dmust follow AICPA attest standards when performing integrated audits Omust follow PCAOB Auditing Standards when performing integrated audits 3must follow IAASB standards when performing integrated audits if the company is a multinational corporation Omust adhere to the state laws governing public companies in all states where the company is located 8. When an auditor performs procedures to determine that a company has shown all of its liabilities on its year-end financial statements, the related management assertion is Dexistence or occurrence 2 completeness 3rights and obligations presentation and disclosure 9. In order for evidence to be sufficient it must be Opersuasive 2convincing 3competent from an outside third party 10. The risk that an auditor may unknowingly fail to modify his or her opinion on financial statements that are materially misstated is detection risk 2opinion risk 3 inherent risk Daudit risk 11. An engagement letter Dis the client's copy of the audit plan 2 Qis drafted and agreed upon at the beginning of the audit 6 3 is received by the auditor indicating the company wishes to receive proposals for an audit engagement informs the client's attorneys about the change in auditors 12. Analytical procedures are Dused during the planning stage of the audit Zused throughout the audit of the financial statements 3designed to consider relationships 4all of the above 13. A non-PCAOB audit Dis performed on a nonpublic company 2is acceptable to the SEC 3 ignores internal controls none of the aboveStep by Step Solution
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