question 30
heading in the standard tion in the paragraphs under the "Auditor's Responsibility" unmodified opinion audit report example for a nonpublic compan Figure 3-1 (p. 48)? b. How does the information in the preceding paragraphs compare to the information in the scope paragraph in the standard unmodified opinion audit report exampl a public company shown in Figure 3-3 (p. 52)2 c. Discuss whether you believe these paragraphs in the ISA audit report improve audi tor communications to users of the financial statements 3-30 (OBJECTIVES 3-3, 3-4) Publicly traded companies must electronically file a variety of forms or reports with the U.S. Securities and Exchange Commission (SEC), including the Form 10-K, which includes the audited annual financial statements. The SEC makes most of these electronic documents available on the Internet via EDGAR, which stands for Electronic Data Gathering, Analysis, and Retrieval system. The primary purpose for of EDGAR is to increase the efficiency and fairness of the securities market for the benefit nation, and analysis of time-sensitive corporate information filed with the agency investors, corporations, and the economy by accelerating the receipt, acceptance, dissemi (under "Filings) to locate the Form 10-K filing for Google, Inc., for the year ended Did the audit firm issue a combined or separate reportis) on the financial stat Visit the SEC Web site (www.sec-gov) and use the link to "Company Filings Search" Req December 31, 2015, to answer the following questions: ho was Google's auditor? ments and on internal controls over financial reporting What was the report date for the audit report? What type of audit opinion did the auditor provide for the financial statements? What was the auditor's opinion about internal controls over financial reporting? 3. 5. Visit the PCAOB's Web site (www.pcaob.org) and use the link to "Auditing under the heading for Standards" to locate the PCAOB's Auditing Standards. Search the links to the Auditing Standards to answer the following questions: Where would the auditor locate guidance about changes to the audtor's repor if Google makes a change in accounting principle that is considered nuzterinl Identify the appropriate section in the Auditing Standards and idenuify the rel- evant paragraph(s) within that section that would be applicable to this situation Assume that Google properly reports the change in the financial statements Where would the auditor locate guidance to determine the effect on the auditor's report if he or she has substantial doubt about Google's ability to continue as a going concern? Identify the appropriate section and the relevant paragraph(s) within that section that would be applicable to this situation Google's Form 10-K contains information that is in addition to the financial state ments and related footnotes. Where would the auditor locate guidance that addresses his or her responsibility for this other information and what is the auditor's obliga- tion related to that information? Identify the appropriate section and the relevant paragraphs) within that section that would be applicable to this situation. 3. Chapter 3/A heading in the standard tion in the paragraphs under the "Auditor's Responsibility" unmodified opinion audit report example for a nonpublic compan Figure 3-1 (p. 48)? b. How does the information in the preceding paragraphs compare to the information in the scope paragraph in the standard unmodified opinion audit report exampl a public company shown in Figure 3-3 (p. 52)2 c. Discuss whether you believe these paragraphs in the ISA audit report improve audi tor communications to users of the financial statements 3-30 (OBJECTIVES 3-3, 3-4) Publicly traded companies must electronically file a variety of forms or reports with the U.S. Securities and Exchange Commission (SEC), including the Form 10-K, which includes the audited annual financial statements. The SEC makes most of these electronic documents available on the Internet via EDGAR, which stands for Electronic Data Gathering, Analysis, and Retrieval system. The primary purpose for of EDGAR is to increase the efficiency and fairness of the securities market for the benefit nation, and analysis of time-sensitive corporate information filed with the agency investors, corporations, and the economy by accelerating the receipt, acceptance, dissemi (under "Filings) to locate the Form 10-K filing for Google, Inc., for the year ended Did the audit firm issue a combined or separate reportis) on the financial stat Visit the SEC Web site (www.sec-gov) and use the link to "Company Filings Search" Req December 31, 2015, to answer the following questions: ho was Google's auditor? ments and on internal controls over financial reporting What was the report date for the audit report? What type of audit opinion did the auditor provide for the financial statements? What was the auditor's opinion about internal controls over financial reporting? 3. 5. Visit the PCAOB's Web site (www.pcaob.org) and use the link to "Auditing under the heading for Standards" to locate the PCAOB's Auditing Standards. Search the links to the Auditing Standards to answer the following questions: Where would the auditor locate guidance about changes to the audtor's repor if Google makes a change in accounting principle that is considered nuzterinl Identify the appropriate section in the Auditing Standards and idenuify the rel- evant paragraph(s) within that section that would be applicable to this situation Assume that Google properly reports the change in the financial statements Where would the auditor locate guidance to determine the effect on the auditor's report if he or she has substantial doubt about Google's ability to continue as a going concern? Identify the appropriate section and the relevant paragraph(s) within that section that would be applicable to this situation Google's Form 10-K contains information that is in addition to the financial state ments and related footnotes. Where would the auditor locate guidance that addresses his or her responsibility for this other information and what is the auditor's obliga- tion related to that information? Identify the appropriate section and the relevant paragraphs) within that section that would be applicable to this situation. 3. Chapter 3/A
