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Case of study (Example)

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Audit Case Study Analyses Institution of affiliation Name Professor Introduction An audit plan is a description of the nature timing and the extent of conducting audit procedures to be performed. The procedures are essentially documented in audit programs CITATION Are12 \l 1033 (Arens Elder & Mark 2012). The latter however is a detailed listing of specific procedures to be performed during an audit engagement. Generally the procedures and the programs are tailored to meet the risks and internal control mechanisms as established by the firm. As such no particular program is suitable for all firms since different firms face different risks and have different internal control measures. This paper covers three case study analyses an outline for audit outline of the evidence to gather and the importance of each type of evidence and lastly issues of materiality and how these issues should be reported analyzed and acted upon. Case the audited Company’ profitability. It is also important to mention that materiality is a matter of judgment. The following rule of thumps will apply. 0.5% to 2% of total assets or revenues or even equity 5% to 10% of operating income 5% to 10% of current assets or current liabilities References BIBLIOGRAPHY \l 1033 Arens A. A. Elder R. J. & Mark B. (2012). Auditing and assurance services: an integrated approach. Boston: Prentice Hall. Chan D. Y. & Vasarhelyi M. A. (2011). Innovation and practice of continuous auditing. International Journal of Accounting Information Systems 12(2) . 152-160. Houghton K. A. Jubb C. & Kend M. (2011). Materiality in the context of audit: the real expectations gap. Managerial Auditing Journal 26(6) . 482-500. Lobo G. J. & Zhao Y. (2013). Relation between audit effort and financial report misstatements: Evidence from quarterly and annual restatements. The Accounting Review 88(4) . 1385-1412. [...]

Order Description:

This Midterm consists of three linked case studies. Each is to be approximately two pages long, prepared in APA format, and submitted as a Word document. To receive credit all content must be in your own words and all sources drawn from referenced and cited according to APA standards. Of particular importance is the correct citation of direct quotes - and there should not be more than a few of these. The learning materials assigned for Week #4 and prior weeks will be helpful and you are welcome to bring in additional scholarly sources For each case below use a firm of your choice, either real or of your own creation. Your are to write from the perspective who has just been hired to conduct and audit of the firm that is to begin soon. Case Study #1 Using the firm you have chosen, outline a thorough outline for the audit that includes descriptions of particularly important issues to be dealt with along the way. Case Study #2 Using the firm you are auditing, thoroughly outline the evidence you will gather. Explain the importance of each type and how you will gather and evaluate it. Case Study #3 Outline and describe how you will decide issues of materiality and how these shall/should be reported, analyzed, and acted upon by the firm being audited

Subject Area: Accounting

Document Type: Dissertation

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $35

Words 1100

Pages 4

Completed in 2 days

Expert ExpertCythia

Client Review

Thanks so much excellent good job....

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01.25.2018

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