Business Finance
ACCT 401 Saudi Electronic University WK 6 Audit Services Types Questions

ACCT 401

Saudi electronic university

ACCT

Question Description

I’m studying and need help with a Accounting question to help me learn.

APA style

no plagiarism

4 days

.............................................


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College of Administrative and Financial Sciences Assignment (1) Deadline: End of Week (6) @ 23:59 Course Name: Auditing Principles and Procedures Student’s Name: Course Code: ACCT401 Student’s ID Number: Semester: 1st CRN: Academic Year: 1441/1442 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): (Marks 5) IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides or fellow student. 1- There are several types of audit services that are provided by auditors. Identify and define three of these types of audits. (1.5 Marks). 2- How would an auditor identify related parties and what is the importance of doing so. (0.5 Mark). 3- During the audit of Bader Financial, you find that some accounting entries have been Changed. You believe this may be the result of management fraud and you have determined that the effect of this could be material to the financial statements. What steps should you take in response to the accounting entries and your concern about management fraud. Detail your answer. (1 Mark). 4- The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error of fraud. Explain the previous statement, and why an auditor cannot provide absolute assurance? Support your answer with a clear example explaining your answer. (2 Marks). ...
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Final Answer

Attached.

College of Administrative and Financial Sciences

Assignment (1)
Deadline: End of Week (6) @ 23:59
Course Name: Auditing Principles and
Procedures

Student’s Name:

Course Code: ACCT401

Student’s ID Number:

Semester: 1st

CRN:
Academic Year: 1441/1442 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 refe...

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