You are completing an internship with a Big Four accounting

You are completing an internship with a Big Four accounting firm and have worked on one client, a public company, during the entire internship. In your college class, you learned that an audit firm conducts an integrated audit and renders two opinions, one on the fair presentation of the and another on the effectiveness of ICFR. You see one draft prepared by the manager on the audit team. You wonder why there is only one report, so you ask the manager, “Shouldn’t there be another report since we are giving two opinions?” The manager replies with a smile, “Look closely, our two opinions are in that one report.”

Required

Research the PCAOB Auditing Standards to find an example of a combined report on the company’s and on ICFR. Go to the PCAOB’s website (www.pcaobus.org) and navigate to the auditing standards. Open AS 2201 An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Copy and paste an example of a combined report and cite where it is found in the standard (the paragraph number). Read through the report and highlight the components of both reports (refer to Illustrations 15.2 and 15.19 for the components). Does the combined report have all the required components of both reports?

How Our Website Works

1. FILL IN OUR SIMPLE ORDER FORM

It has never been easier to place your order. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process.

2. PROCEED WITH THE PAYMENT

All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.

3. WRITER ASSIGNMENT

Next, we match up your order details with the most qualified freelance writer in your field.

4. WRITING PROCESS

Once we have found the most suitable writer for your assignment, they start working on a masterpiece just for you!

5. DELIVERY

Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it. Sometimes, the writer may leave a note for you about the order in case there is any additional information that they need to give you.

Leave a Reply

Your email address will not be published.