Project #83199 - 4 Auditing Questions

Please answer the following 4 questions. Each response should be between 250 and 500 words, and each answer should contain two credible sources to support your response.

 

1. Throughout this course, we will be discussing professional standards, ethical dilemmas, and legal responsibilities of the auditor. Do you believe that Christians need to meet these minimum standards, or that they are held to a higher level of integrity? Explain.

 

2. Case Law – there are some significant cases, identified below, that have influenced the auditing profession. Select one or more of these cases and explain the facts of the case and the impact that the case has had on the profession.

  • Credit Alliance Corp. v. Arthur Andersen & Co.
  • Ultramares v. Touche & Co.
  • Ernst & Ernst v. Hochfelder
  • Rosenblum v. Adler

 

3. Audit Risk – Please explain the audit risk model, and the components of audit risk. Which components are determined by the auditor, and which are based upon the auditor’s assessment of the client?

 

4. Fraud in the Movies – There are many movies that are either documentaries or dramatizations about “real-life” cases of fraud that have impacted financial reporting and the auditing profession. Select a movie that relates to fraudulent financial reporting that you've watched. Share your thoughts about what you viewed here.

Subject Business
Due By (Pacific Time) 09/23/2015 05:00 pm
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