U.S. securities and Exchange Commission<\/a> Web site and locate a copy). These results have been audited, but for this exercise, view them as if they were not. <\/p>\nPart I <\/strong><\/p>\nDeliverable Length:<\/strong> 1,000\u20131,200 words<\/p>\nRead the annual report and other news items related to the company, and then complete the following tasks.<\/p>\n
\n- Create a framework for your audit procedure using the Audit Risk Approach. Your framework should include the following:\n
\n- At least 3 examples of how you would mitigate risk in your audit <\/li>\n
- At least 3 accounts or areas that you would focus your attention on for this audit <\/li>\n
- An outline of tests and procedures that you would employ based on your company <\/li>\n
- A detailed analysis of the sampling techniques that you would utilize for each of the 3 accounts or areas that you chose <\/li>\n
- An explanation of the type(s) of documentation that you would require as audit evidence <\/li>\n<\/ul>\n<\/li>\n
- Discuss the levels of assurance that can be provided on audit reports. <\/li>\n
- Explain how the internal controls of a company can impact the overall business.\n
\n- Define 2 internal control areas that you would focus on with your business <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
Part II <\/strong><\/p>\nDeliverable Length:<\/strong> 800\u20131,000 words<\/p>\nPrepare an audit report for your company. Be sure to include the key elements that must be covered in a standard audit report, and discuss the circumstances surrounding each of the following: <\/p>\n
\n- Explain the process that you will utilize to formulate your audit opinion. <\/li>\n
- Discuss the methodology that you would employ if misstatements are discovered. <\/li>\n
- Explain the common ethical issues that you could encounter during an audit.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Key Assignment Choose a publicly traded company, and research its annual report. (If you cannot find it online, you can go to the U.S. securities and Exchange Commission Web site and locate a copy). These results have been audited, but for this exercise, view them as if they were not. Part I Deliverable Length: 1,000\u20131,200 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/172503"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=172503"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/172503\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=172503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=172503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=172503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}