College of Administrative and Financial Sciences Assignment (3) Course Name: Auditing Principles and Procedures Student’s Name: Course Code: ACCT401 Student’s ID Number: Semester: 2nd CRN: Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Students’ Grade: # /5 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • 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): IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides or fellow student. Instructions: (READ and FOLLOW) • USE the SAME document for your answers. • PUT YOUR details in the required sections. • Do NOT change any part of the document. • The answer must be in English. • ALL questions must be answered, NO optional questions. • The format of answers: o Put your answers in the answer section. o DO NOT over decorate the document. o Font must be Time New Roman. o Font size must be 12 points. o Do NOT uses Many colors. The answers must be different colors (blue, or green). o Do NOT underline, italic, highlight or bold the answers (unless it is necessary) • Assignment should be submitted as MS Word format. • You should submit the assignment via the Blackboard. Any other ways of submission will NOT be accepted like email. • The assignment will NOT be accepted after Submission date. • Any form of PLAGIARISM is NOT accepted such as: o Copying from other students. o Copying from course slides or materials. o Copying from any references without referencing. o Copying from websites without referencing. o Putting the answer in photo or image 1- Identify 5 of the 6 tests an auditor uses on the bank reconciliation? 2- What is the difference between a contingent liability and a commitment? 3- For each of the following situations, indicate what type of audit report is most appropriate: a. The auditor lacks independence in fact, but not necessarily in appearance. b. There is a scope limitation and it is material but the overall financial statements are still presented fairly. c. The uncorrected misstatements are immaterial. d. There is a departure from GAAP and it is pervasively material. 4- Distinguish between the following theories of ethical behavior: a rights-based approach, and a justice-based approach.
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