ACCT 401 Saudi Electronic University Role of an Audit Committee Questions

User Generated

nyv_r2016

Business Finance

ACCT 401

Saudi electronic university

ACCT

Description


Unformatted Attachment Preview

College of Administrative and Financial Sciences Assignment 1 Deadline: 26.6.2021@ 23:59 Course Name: Auditing Principles and Procedures Student’s Name: Course Code: ACCT 401 Student’s ID Number: Semester: summer term CRN: Academic Year:1442 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained Level of Marks: High/Middle/Low /Out of 5 THEM CAREFULLY IInIIiiiIIINSTRUCTION INSTRUCTIONS: • 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 answered must be typed using Times New Roman (size 12, doublespaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. Questions: Total Marks 5 1. What is the role of an Audit committee? (2 Points) (Write one or two paragraphs, max 200 words in your own words and with supporting references) 2. Imagine you are the auditor of an organization, and you find that the trial balance of the financial year does not tally (Dr and Cr are not equal) Explain the assertions you would apply. (2 Points) 3. When an Auditor finds misstatements in entities financial statements which may be the result of fraudulent act, what should be the role of an auditor under that situation? (1 Points)
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

College of Administrative and Financial Sciences

Assignment 1
Deadline: 26.6.2021@ 23:59

Course Name: Auditing Principles and
Procedures

Student’s Name:

Course Code: ACCT 401

Student’s ID Number:

Semester: summer term

CRN:

Academic Year:1442 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: Marks Obtained/Out Level of Marks: High/Middle/Low
of 5
THEM CAREFULLY IInIIiiiIIINSTRUCTION
INSTRUCTIONS:


The Assignment must be submitted on Blackboard (WORD format only) via
the 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 in your information on
the cover page.



Students must mention question numbers clearly in their answers.



Late submission will NOT be accepted.



Avoid p...

Related Tags