Integrated Audit Practice Case 5th Edition Solutions Essay

Gramling, A.A, Johnstone, K.M, Rittenberg, L.E. (2008). Auditing. (7th Ed.). Mason, OH: South-Western, Cengage Learning.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

Student Cases with Solutions to accompany Accounting & Auditing Research: Tools & Strategies (7th edition)

Prepare written answers to the following case from Auditing Cases: An Interactive Learning Approach, (3rd edition), by Beasley, Buckless, Glover, and Prawitt:

|Follow Strayer University’s policies and procedures as well as those specific to this class. |

By March 8 identify a particular company that your group wants to audit. Research this company and industry in which it operates. Develop an understanding of the basic operation of the company and its position in the industry. Identify and document any challenges that the industry is experiencing. Prepare and submit (on March 8, 2016) a five to seven page summary of the Company, its operations and specific business challenges and risks. Include a discussion of how you would factor in industry and company challenges when developing your audit strategy.

|Develop Audit programs for the substantive audit procedures for the balance sheet and income statement |35 |

Section I. The Auditor’s Report With Regard to the Auditor’s Report............................................................................................... II. General Audit Procedures With Regard to Client Acceptance .................................................................................................. With Regard to Client Understanding ............................................................................................. With Regard to Audit Planning

This case study was developed as a joint effort by the Center for Audit Quality,

Hunton, J. E., Bryant, S. M., & Bagranoff, N. A. (2004). Core concepts of information technology auditing. Hoboken, NJ: Wiley.

Sometimes, auditors always have client pull documents, prepare various schedules to which audit procedures will be applied, and perform other important audit-related tasks. In completing these tasks, client personnel can often determine the auditor’s intent and the scope limit of a given audit test. Likewise, clients have access to the professional auditing sources and professional publications that discuss the general guidelines that auditors use in making important strategic decisions during the course of an audit, including the

This case has two learning objectives. First, it provides the student an opportunity to apply auditing concepts to a “real-life” audit client. The client, Biltrite

Audit quality really suffers when auditor lack a sound base of experience and understanding concerning a public company’s business (AICPA, 2011).

The audit report is the final step in the entire audit process. The reason for studying it now is to permit reference to different audit reports as evidence accumulation is studied throughout this text. These evidence concepts are more meaningful after you understand the form and content of the final product of the audit. We begin by describing the content of the standard auditor’s report.

Methods are an important part of a company to help maintain the proper documentation. Such methods can be used in society PIFCO ZEN CHEN. This leads to eliminate missed deeds of all financial documents of the company or the head of the company, as Director such methods in the company. The director of the company also has management of all a law firm. Director should all actions taken into account by all employees. Such actions are any of the financial or accounting records. The auditor checks for each manipulation in numbers or accounts. So you must have in mind, what are the accounts clear and all the information is correct.