s: Q1: Discuss how the SEC has influence (if any) over the audit of Smackey Dog Foods, Inc. Solution: Type your answer here Q2: Discuss the essential activities involved in the initial planning of an audit. How do these all specifically to the Smackey Dog Food client? Solution: Type your answer here Q3: Discuss the 4 stages of the audit and the major activities performed by the auditor in each phase. Give an example of how each of these specifically applies to the Smackey Dog Food, Inc audit. For instance, examine the apparent internal control weaknesses and possible negative outcome of each. Solution: Type your answer here Q4: Describe Keller CPAs responsibilities related to communications regarding internal control matters. What internal controls issues do you identify? Solution: Type your answer here Q5: You decide that you will address Smackey Dog Food, Inc.s accounts receivables through confirmations. Discuss the various types of confirmations and what forms you will implement and why. Solution: Type your answer here Q6: What are the major factors affecting sample size for confirming accounts receivable? Solution: Type your answer here Q7: A major issue in verifying the ending balance in property, plant and equipment is the possibility of legal encumbrances. Discuss what specific concern do you have. Describe the procedures your firm will perform to obtain evidence about existing legal encumbrances. Solution: Type your answer here Q8: The client wants to know if you will be present at the year-end inventory. What is your decision and why? What role or actions will you take at the inventory if you decide to attend the inventory. Why? Solution: Type your answer here Q9: Considering the general six functions that make up the inventory and warehousing cycle for Smackey Dog Foods, Inc., identify the related documents and/or records that would be used. From your analysis of the internal controls related to the inventory and warehousing cycle of Smackey Dog Foods, Inc., what internal control weaknesses exist? Solution: Type your answer here Q10: Discuss if Keller CPAs or its auditors are breaching any Professional Rules of Conduct and why or why not? Solution: Type your answer here Q11: Discuss the CPA firms legal liability concerns for this audit if they make a material unintentional or intentional mistake. Include any other legal liability concerns regarding possible Professional Rule violations. Solution: Type your answer here