1.Getting rid of high risk clients and trouble makers.
2.Making sure in-charge accountants and engagement leaders are qualified and know what they are doing to avoid mistakes.
3. Tailoring engagement practice to aid in meeting the needs of the client.
4. Preach professional skepticism.
5.Engagement leaders should never delegate their quality control responsibilities.
aluuz answered the question on October 3, 2021 at 11:14
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b) Describe four types of audit opinions which the auditor may express...(Solved)
a) Briefly explain the term "true and fair view" as used in audit reports.
b) Describe four types of audit opinions which the auditor may express in his/her audit
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c) Identify the matters an auditor should include in the scope paragraph of his/her audit
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Date posted: May 15, 2019. Answers (1)
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He has presented the following draft report to the audit senior:
Auditors' report
We have audited the accompanying financial statements of the client.
In our opinion, the financial statements correctly show the account balances and comply with
the Companies Act
Able & Associates
Certified Public Accountants
Required;-
Describe the omissions in the draft report presented by the audit trainee to the audit senior of
Able & Associates.
Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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b) When there is a disagreement between the auditor and...(Solved)
a) Describe five statutory disclosures that an auditor is required to make in his audit report.
b) When there is a disagreement between the auditor and the management, the auditor is
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Date posted: May 15, 2019. Answers (1)
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b) Highlight...(Solved)
In the context of computer based accounting systems:
a) Identify and explain the program controls which are developed to minimise errors in the
processing of records.
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c) Summarise the ways in which an auditor could use a file interrogation software in the
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Date posted: May 15, 2019. Answers (1)
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i) Define the term "test data".
ii) Explain three ways of...(Solved)
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i) Define the term "test data".
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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Explain six ways in which audit software could be used in an audit.
Date posted: May 15, 2019. Answers (1)
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Jikaze Limited operates a computerised purchases system. Invoices and credit notes are posted to
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Required:
Describe five controls that should be in operation over the addition, amendment and deletion or
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Date posted: May 15, 2019. Answers (1)
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Required:
Explain three manual techniques that an auditor could use in the audit of a computer based
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The transformation from manual accounting systems to fully computer based information
systems has led to the loss of audit trail such that audit trials are often now:
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Required:
Explain the different ways auditors overcome these problems of loss of audit trail.
Date posted: May 15, 2019. Answers (1)
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i) Generalised audit software.
ii) Purpose written programs.
iii) Utility programs.(Solved)
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)