AC 410 Unit 8 Homework Assignment NEW

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AC 410 Unit 8 Homework Assignment Questions
Requiring Analysis 16-31 The auditor's opinion
on the fairness of financial statements may be
affected by subsequent events. Required -
Define what is commonly referred to in auditing
as a subsequent event, and describe the two
general types of subsequent events. - Identify
those auditing procedures that the auditor should
apply at or near the completion of fieldwork to
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disclose significant subsequent events. Questions
Requiring Analysis 16-35 Required - Using the
iron curtain approach, describe how Tanner would
consider whether an adjustment is required. -
Using the rollover approach, describe how Tanner
would consider whether an adjustment is
required. - Describe what SEC Staff Accounting
Bulletin No. 108 requires in this
situation. Questions Requiring Analysis
17-24 While performing your audit of Williams
Paper Company, you discover evidence that
indicates that Williams may not have the ability
to continue as a going concern. - Discuss types
of information that may indicate substantial
doubt about a client's ability to remain a going
concern. - Explain the auditors' obligation in
such situations. Objective Questions 17-26