Auditing Question- due 8/12/15 @ 2:00 EST

Complete the following items.

  1. Write brief summary of the ISA 265: “Communicating deficiencies in internal control to those charged with governance and management.” Your answer should include discussion of the following:
    • Classification and definitions of control deficiencies.
    • Auditors’ responsibilities in detecting and reporting internal control deficiencies
    • Key factors used to determine internal control significant deficiencies
    • Key elements of auditors’ written communication of significant deficiencies
  1. Write brief summary of the ISA 240: “The auditor’s responsibilities relating to fraud in an audit of financial statements.” Your answer should include discussion of the following:
    • Characteristics of fraud
    • Management’s responsibilities for preventing and detecting fraud
    • Auditor’s responsibilities for detecting fraud
    • Audit procedures required for auditing fraud in the financial statements

 
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