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Accounting Question

the questions in the WORD file

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QUESTION 1
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).
A- What are the types of audit test you would cover, explain with examples. ( 200
words)
B- Explain the assertions you would apply on transactions and events, on Account
balances, and on Presentation & Disclosure. (200 words)
QUESTION 2
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? ( 200 words )
QUESTION 3
‘Audit evidence is all that information, from whatever source, used by the
auditor in arriving at the conclusions on which the audit opinion is based.’
Briefly explain the three main concepts of audit evidences. ( 300 words )
QUESTION 4
Explain auditor’s documentation Process and procedures of internal control over
financial reporting (ICFR) and its types of audit reports. ( 300 words )
QUESTION 5
Explain the Concept of Audit Sampling and types of Sampling Risk. ( 300 words )

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