SOLUTION MANUAL FOR Auditing: A Practical Approach with Data Analytics 2nd Edition by Raymond N. Johnson , Laura D. Wiley ISBN:978-1119785996 ALL CHAPTERS COVERED YOUR ULTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!! NEW LATEST UPDATE!!!!!!!!

SOLUTION MANUAL FOR JA JA


AuditingJAAJAPracticalJAApproachJAwithJADataJAAnalytics,JA2ndJAEditionJARaymondJAN.JAJohns
on,JALauraJADavisJAWiley,JARobynJAMoroney,JAFionaJACampbell,JAJaneJAHamilton

ChapterJA1-
16 CHAPTER 1 JA


Introduction and Overview of Audit and Assuran
JA JA JA JA JA JA


ce
Learning Objectives
JA




1. DifferentiateJAamongJAassurance,JAattestation,JAandJAauditingJAservices.
2. DescribeJAtheJAdifferentJAtypesJAofJAassuranceJAservices.
3. ExplainJAtheJAdemandJAforJAauditJAandJAassuranceJAservices.
4. DiscussJAtheJAdifferentJArolesJAofJAtheJAfinancialJAstatementJApreparerJAandJAtheJAauditor.
5. IdentifyJAtheJArolesJAofJAdifferentJAregulatorsJAandJAorganizationsJAthatJAaffectJAtheJAauditJAprofession.
6. ExplainJAtheJAconceptsJAofJAreasonableJAassurance,JAmateriality,JAandJAtheJAnatureJAofJAanJAu
nquali-JAfied/unmodifiedJAreportJAonJAtheJAauditJAofJAfinancialJAstatements.
7. ExplainJAtheJAconceptJAofJAreasonableJAassuranceJAandJAtheJAnatureJAofJAanJAunqualifiedJAre
portJAonJAinternalJAcontrolsJAoverJAfinancialJAreporting.
8. DiscussJAtheJAauditJAexpectationJAgap.



ANSWERS TO MULTIPLE-CHOICE QUESTIONS
JA JA JA




1. C
LOJA1,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JARiskJAAssessment,JAAnalysisJAandJAManage
ment,JASection:JAAssurance,JAAttestation,JAandJAAuditJAServices


2. A
LOJA2,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JARiskJAAssessment,JAAnalysisJAandJAManage
ment,JASection:JADifferentJAAssuranceJAServices


3. B
LOJA2,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JARiskJAAssessment,JAAnalysisJAandJAManage
ment,JASection:JADifferentJAAssuranceJAServices


4. C
LOJA2,JABT:JAC,JADifficulty:JAMedium,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JARiskJAAssessment,JAAnalysisJAandJAMana
gement,JASection:JADifferentJAAssuranceJAServices


5. C
LOJA3,JABT:JAC,JADifficulty:JAMedium,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JARiskJAAssessment,JAAnalysisJAandJAMana

1JA|JA©JA2022JAJohnJAWileyJAandJASons,JAInc. ForJAInstructorJAUseJAOnl
y

,gement,JASection:JADemandJAforJAAuditJAandJAAssuranceJAServices




2JA|JA©JA2022JAJohnJAWileyJAandJASons,JAInc. ForJAInstructorJAUseJAOnl
y

,6. B
LOJA4,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JARiskJAAssessment,JAAnalysisJAandJAManage
ment,JASection:JAPreparersJAandJAAuditors


7. A
LOJA5,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JAReporting,JASection:JATheJARoleJAofJARegulat
orsJAandJARegulations


8. D
LOJA5,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJABC:JAGovernanceJAPerspective,JASection:JATheJAR
oleJAofJARegulatorsJAandJARegulations


9. D
LOJA6,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JARiskJAAssessment,JAAnalysisJAandJAManage
ment,JASection:JAAuditJAReportJAonJAFinancialJAStatements


10. C
LOJA6,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JAReporting,JASection:JAAuditJAReportJAonJAtheJ
FinancialJAStatements
A




11. B
LOJA7,JABT:JAC,JADifficulty:JAEasy,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAAC:JAReporting,JASection:JAAuditJAReportJAonJAInt
ernalJAControlsJAoverJAFinancialJAReporting


12. B
LOJA8,JABT:JAC,JADifficulty:JAMedium,JATOT:JA2JAmin.,JAAACSB:JANone,JAAICPAJAPC:JAProfessionalJABehavior,JASection:JATheJAA
uditJAExpectationJAGap

ANSWERS TO REVIEW QUESTIONS
JA JA JA




R1.1JAAnJAassuranceJAserviceJAisJAanyJAserviceJAprovidedJAbyJAanJAindependentJApractitionerJAthatJAi
m-
JAprovesJAtheJAqualityJAofJAinformation,JAorJAitsJAcontext,JAforJAdecisionJAmakers.JAAnJAindependentJApr

actitionerJAcanJAverifyJAthatJAtheJAinformationJAmeetsJArelevantJAcriteria,JAwhichJAprovidesJAassurance
JAtoJAusersJAwhoJAintendJAtoJAuseJAtheJAinformationJAforJAdecisionJAmaking.JAAnJAassuranceJAengagem

entJAhasJAthreeJAparties:JAtheJAassuranceJAproviderJA(auditor/practitioner),JAtheJApartyJAresponsibleJAf
orJAprovidingJAtheJAinformationJA(client),JAandJAtheJAintendedJAusersJAofJAtheJAinformationJA(investors/l
enders/othersJAwhoJArelyJAonJAtheJAin-JAformation).
LOJA1,JABT:JAC,JADifficulty:JAEasy,JATOT:JA5JAmin.,JAAACSB:JANone,JAAICPAJAAC:JARiskJAAssessment,JAAnalysisJAandJAManage
ment,JASection:JAAssurance,JAAttestation,JAandJAAuditJAServices


R1.2JATheJAcriterionJAusedJAinJAaJAfinancialJAstatementJAauditJAtoJAmeasureJAandJAevaluateJAsubjectJA
matterJAisJAtheJAapplicableJAfinancialJAreportingJAframeworkJAusedJAbyJAtheJAclient.JATheJAmostJAcomm
3JA|JA©JA2022JAJohnJAWileyJAandJASons,JAInc. ForJAInstructorJAUseJAOnl
y

, onJAframework




4JA|JA©JA2022JAJohnJAWileyJAandJASons,JAInc. ForJAInstructorJAUseJAOnl
y