UNITY UNIVERSITY

DEPARTMENT OF ACCOUNTING AND FINANCE

ASSIGNMENT ONE ON THE COURSE AUDITING PRINCIPLES AND PRACTICES I
QUESTIONS ARE PREPARED OUT OF CHAPTER ONETO CHAPTER FIVE

General direction
 Every student should do yourself i.e. it invalidate both/all results if there is a kind of
copying from each other…take care this is not as usual ASSIGNMENT
 It is a group Assignment ( maximum group 3)
 There is no excuse for late comer,
 DEADLINE ON OR BEFORE AUGST, 18,2023 AT 6:OO Local Time
 Submission Mode ….should bring individually to the office (Department)
 Minimum Mark……20%
Specific Directions

 Dear students your self-study at your home is more essential than past
 First, read the questions blindly, simply as brain storming
 Second, Read the chapter
 Thirdly, again read the questions
 Then, again read the materials in the way that help you to get answers to the
questions
 Lastly, write down the answers/summarize
 Direct copy from your material reduce your result
 Short, precise and neatness and paraphrasing by your own from what you read
worth more credit.
 Not exceed and less than ten pages.

QUESSTIONS
. 1 What is the nature of Auditing ? Write and discuss over the reasons why
organizations need for Auditing.
2. Write a short note on the difference and similarities between Accounting and
Auditing.
3. List different types of Audit as well as Auditors and explain shortly.
4. List and discuss generally accepted auditing standard.
5. Describe the expected professional ethics by Auditors and the AICPA Code of
professional ethics,
6. Describe in detail meaning of internal control ,objectives and components of
internal control.
7. Differentiate Test of control and Substantive Test.
8. Differentiate with examples Inherent risk, Control risk and Detection risk.
9. List and describe the management assertions and techniques of gathering audit
evidence
10. Discuss types of Audit report and write one of audit report. Copied from your note
resulted loss your result totally.