ACCT 401 Saudi Electronic University Auditing Principles and Procedures Paper

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Business Finance

ACCT 401

Saudi electronic university

ACCT

Description

Requirements:

Follow APA-style referencing.

Use Times New Roman (size 12, double-spaced) font.

No copy paste. matching ratio should not exceed 5%.

Questions:

  • Q1- What are the audit procedures for identifying contingent liabilities? (1 Mark)
  • Q2- Discuss the theories of ethical behavior? (1 Mark)
  • Q3- The following four situations require a modification to the standard unqualified/unmodified audit report. Identify the modification required for each. (1 Mark)
    • Opinion based in part on the report of another auditor.
    • Going concern.
    • Lack of consistency.
    • Additional emphasis.
  • Q4- As an auditor of a reputed company in KSA explain how the Statement of retained earnings and Income Statement are audited. (2 Marks)

Unformatted Attachment Preview

College of Administrative and Financial Sciences Assignment (3) Deadline: End of Week (12) 10 April 2021 @ 23:59 Course Name: Auditing Principles and Procedures Student’s Name: Course Code: ACCT401 Student’s ID Number: Semester: 2nd 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) 1. What are the audit procedures for identifying contingent liabilities? (1 Mark) 2. Discuss the theories of ethical behavior? (1 Mark) 3. The following four situations require a modification to the standard unqualified/unmodified audit report. Identify the modification required for each. (1 Mark) a. b. c. d. Opinion based in part on the report of another auditor. Going concern. Lack of consistency. Additional emphasis. 4. As an auditor of a reputed company in KSA explain how the Statement of retained earnings and Income Statement are audited. (2 Marks)
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College of Administrative and Financial Sciences

Assignment (3)
Deadline: End of Week (12) 10 April 2021 @ 23:59
Course Name: Auditing Principles and
Procedures

Student’s Name:

Course Code: ACCT401

Student’s ID Number:

Semester: 2nd

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 exceptio...


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