Auditing accounting estimates Read the Case 7.1 Ligand Pharmaceuticals in the Knapp casebook. you will find it in the book. page 433-338 Prepare and submit a 2-3 page paper analyzing the Ligand Pharmaceuticals case. What went wrong in the auditor’s risk assessment procedures? Which of the three methods for substantively testing the estimate did the […]
Tag Archives: auditing
How has the auditing of a company become more difficult, and how has auditing become less difficult for businesses that operate solely through the computer?
Computers and technology have changed the way we do business. How has the auditing of a company become more difficult, and how has auditing become less difficult for businesses that operate solely through the computer?
Discuss the methods of identifying weak web server configurations and how to mitigate them for a secure web server.
Web server auditing Write main with 300 words and two replies each 150 words on below topic. Web server auditing can go a long way in enforcing tighter security and ensuring business continuity. The power of log data is tremendous. Web server logs record valuable information pertaining to usage, errors, and other important security events. […]
What are the advantages of dividing the audit into different cycles?
Describe what is meant by the cycle approach to auditing. What are the advantages of dividing the audit into different cycles? Define what is meant by a management assertion about financial statements. Describe how PCAOB assertions and assertions in international and AICPA auditing standards are similar and different.
Describe the five circumstances when an emphasis-of-matter explanatory paragraph or nonstandard wording is appropriate to include in an unmodified opinion audit report.
LEARNING OBJECTIVES After studying this chapter, you should be able to 1 Describe the parts of the standard unmodified opinion audit report for nonpublic entities under AICPA auditing standards. 2 Specify the conditions required to issue the standard unmodified opinion audit report. 3 Understand reporting on financial statements and internal control under PCAOB auditing standards. […]
What major characteristics of the organization and conduct of CPA firms permit them to fulfill their social function competently and independently?
-1 (OBJECTIVES 2-1, 2-2, 2-8) What major characteristics of the organization and conduct of CPA firms permit them to fulfill their social function competently and independently? 2-2 (OBJECTIVE 2-3) What is the role of the Public Company Accounting Oversight Board (PCAOB)? How does the PCAOB provide oversight of audit firms? 2-3 (OBJECTIVE 2-4) Describe the […]
What did you learn from auditing your competitor that you could possibly apply to your brand’s social strategies?
Social Media Audit: Target Conduct a SWOT analysis of your brand TARGET and include three items for each section. (Remember, from a Social Media perspective, not overall business.) After conducting this audit, how do you feel your brand scored overall? What did you learn from auditing your competitor that you could possibly apply to your […]
Identify the role of frameworks in IT security domains and auditing compliance.Discuss
Description In this assignment, you will learn to identify the role of frameworks in IT security domains and auditing compliance. Required Resources Review the Module Notes: Information Security Compliance Audit–Standards and Frameworks Assignment Requirements You are a network administrator at XYZ, a large, publicly traded health care organization. XYZ has 25 sites across the region, […]
Explain why the impact of audit failures in the context of common good and stewardship are hardly discussed or raised as social issues.
Explain (i) the concept of common good and stewardship in the context of external auditing; (ii) why audit failures in raising the alarm of rogue employee behavior are detrimental to common good and stewardship of communities at large; and (iii) why the impact of audit failures in the context of common good and stewardship are […]
