auditing

Please complete the questions on the Word document attached. These are the same questions expected just in a different format.

1. Please refer to the PowerPoints of chapter 2 (slide 13): What are the five stages of the audit?

Stages Description
1. Obtain or Retain Engagement
2. Engagement Planning
3. Risk Assessment
4. Audit Evidence
5. Reporting

2. Refer to the Table of Contents in Louwers (pasted below) Modify the table above and enter the corresponding chapters to each stage. Do not worry about being completely perfect and do not kill yourself trying to match each chapter to a stage.

Stages Description Louwers Chapter(s) and description
1
2
3
4
6

3. What insights did you gain while completing this assignment?

4. What questions do you have?

Louwers Chapters
Part ONE: The Contemporary Auditing Environment
1. Auditing and Assurance Services 1
2. Professional Standards 40

PART TWO: The Financial Statement Audit
3. Engagement Planning 75
4. Management Fraud and Audit Risk 117
5. Risk Assessment: Internal Control Evaluation 173
6. Employee Fraud and the Audit of Cash 227
7. Revenue and Collection Cycle 279
8. Acquisition and Expenditure Cycle 336
9. Production Cycle 394 (up to instructor’s discretion)
10. Finance and Investment Cycle 443 (up to instructor’s discretion)
11. Completing the Audit 500
12. Reports on Audited Financial Statements 540

PART THREE Stand-Alone Modules
B. Professional Ethics 628
C. Legal Liability 676