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Accounting · Studypool

Auditing principals and procedures / ACCT 401

Overview

  • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
  • Assignments submitted through email will not be accepted.
  • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
  • Students must mention question number clearly in their answer.
  • Late submission will NOT be accepted.
  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
  • All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
  • Submissions without this cover page will NOT be accepted.

Assignment Question(s): (Marks 15)

Q1. Define the audit report, present and explain their different types. (5 points).

Q2. Give the difference between ethics and professionalism? (2.5 Points)

Q3. List additional steps when preparing the audit plan. (2.5 Points)

Q4. To evaluate and manage the overall risk encountered in performing an audit, auditors use an audit risk model. Present and explain this model (5 Points)