Deadline: Saturday 30/04/2022 @ 23:59
|Course Name: Auditing Principles and Procedures||Student’s Name:|
|Course Code: ACCT401||Student’s ID Number:|
|Academic Year: 1443 H|
For Instructor’s Use only
|Students’ Grade: /10||Level of Marks: High/Middle/Low|
Instructions – PLEASE READ THEM CAREFULLY
Assignment Question(s): (Marks 10)
IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides, fellow student, or internet source without proper citation.
Q1. What audit procedures the auditor should use to test the bank reconciliation? (3 Marks).
Q2. What is the most important assertion in the audit of Intangible assets ? (2 Marks).
Q3. The following four situations require a modification to the standard unqualified/unmodified audit report. Identify the modification required for each. (2 Marks).
a. Opinion based in part on the report of another auditor.
b. Going concern.
c. Lack of consistency.
d. Additional emphasis.
Q4 What are the three types of transactions that importance to the auditor in Audit the stockholders’ Equity ? (3 Marks)
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