NINJA CPA REVIEW® NINJA Notes 2015 Auditing & Attestation Table of Contents The N.I.N.J.A. Framework I. Engagement Planning 8 II. Internal Control 25 III. Auditing & IT 36 IV. Evidence & Risk 42 V. Audit Reports 57 VI. Audit Sampling 66 VII. Professional Responsibilities 77 VIII. International Auditing 84 2 The N.I.N.J.A. Framework NAIL THE CONCEPTS Watch your CPA Review videos first – before working any assigned homework questions. The CPA Review
Words: 7391 - Pages: 30
competence Due professional care Planning and supervision Sufficient relevant data used -Rule 202 Compliance with Standards- A member who performs auditing, review, compilation, management consulting, tax, or other professional services must comply with standards: Auditing standards board and PCAOB (Issue statements on auditing standards) -Rule 203 Accounting Principles- A member shall not express an opinion or state affirmatively or negatively that financial statements are presented
Words: 10499 - Pages: 42
process between the interim board of the IAAS and the department remains uncertain, there | |have been a number of other developments which affect the regulation of the profession, these include: | |• Publication by the Auditing Practices Board of a guidance note to auditors of banks in Ireland | |• Appointment of a new director of corporate enforcement. | |• Implementation
Words: 854 - Pages: 4
Auditing Research Paper City of Dixon Embezzlement 11/6/2012 ACC 235 Growing up in a small town, Rita Crundwell spent most of her life very close to the town of Dixon. She was from a well brought up, hard working family and was one of six children. Her family was very interested in horses and would participate in horse shows while the children were growing up. Rita was an honors student while in high school, landing in the top 20 out of 300 students who were in the National Honors
Words: 3205 - Pages: 13
pertaining to the preparation of financial statements for external purposes are pp relevant to an audit. 6-5 ControlsRelevanttotheAudit LO# 3 Controls Relevant to the AuditObjtiObjectives RlibilitfEffti Cli Reliability of Financial ReportingEffectiveness & Efficiency of OperationsCompliance with Laws & Regulations Controls relating to operations and compliance objectives may be relevant when they relate to data the auditor uses to apply auditing procedures. 6-6 The Effect of Information LO# 4 Technology
Words: 264 - Pages: 2
Analysis of the Smackey Dog Foods, Inc. Audit AC555 – External Auditing Devry University Professor Dorothy Brandt Keller Graduate School of Management Introduction Smackey Dog Foods, Inc. is a private own dog food manufacturer. The company was started by three sisters in the suburbs of Chicago. Smackey’s clientele are veterinarians, local pet stores and groceries stores. Smackey is in the process of expansion, and the purchase of new equipment produced the demand for an independent
Words: 2989 - Pages: 12
hearing applications in Australia as to whether auditors and liquidators have breached The Corporations Act is: Companies Auditors & Liquidators Disciplinary Board Australian Securities & Investments Commission Auditing & Assurance Standards Board Australian Securities Exchange 1 points Question 4 The Royal Commission appointed to inquire into the HIH collapse in 2001 released some key findings. Which one of the following was not a reason
Words: 1082 - Pages: 5
Internal controls represent safeguards that protect a company’s business operations and financial information. Business owners are typically responsible for developing and implementing internal controls for a company. Owners can use internal or external audits to evaluate the effectiveness of internal controls. This evaluation normally follows a standard process of measuring the company’s business operations and financial information (Vitez, 2009). Interview Management Management interviews
Words: 872 - Pages: 4
INTERNAL AUDITING AS AN EFFECTIVE TOOL FOR CORPORATE GOVERNANCE This journal of JBM International Science Press, examines the study of the relationship between internal audit and corporate governance with various argumentations of internal audit activities, attempting to sketch out their relationship. It analyses the contribution of internal audit to corporate governance. Based on what I found in the journal and my opinion, this journal have emphasized the importance of
Words: 917 - Pages: 4
MODULE B Professional Ethics LEARNING OBJECTIVES | | | | | |Review |Exercise, Problems, | | |Checkpoints |and Simulations
Words: 11550 - Pages: 47
