ACCT 401 (3rd Assignment) () () () ()

ACCT401-Assignment3-Questions.docx

Assignment	3	Marks	10 (3.75)
Course	Auditing Principles and Procedures	Code	ACCT 401
Uploading	End week 10	Submission	End week 11
Date	Sat 25/11/2017	Dates	Sat 02/12/2017

Instructions: (Please READ the instructions carefully and FOLLOW them)

· First of all, ask ALLAH for help and do your best.

· The answer must be in English.

· Students must include your details (Name, Student ID, CRN, Date of submission)

· Answer the ALL questions.

· DO NOT write the questions in the answer papers JUST write the question number .

· Assignments should be submitted in MS Word format

· Font should be Times New Roman with 14 points .

· You are required to work in this assignment individually . And DO NOT copy from others.

· You should submit the assignment via the Blackboard .

· Students who submit assignments after deadline, will get ZERO .

· DO NOT PUT images, you must TYPE answers.

· If you engaged in plagiarism, you will get ZERO marks in the assignment or course.

Questions:

1- While performing an audit what kind of observation an auditor should perform for the physical inventory count.

Explain relevant procedures in your own words and give examples?

2- Explain in detail the inherent risks factors are involved while assessing the risks for the intangible assets?

3- Clarify in detail what are substantive analytical procedures can be used in the audit of property, plant, and equipment?

4- Describe in detail the substantive analytical procedures can be used in auditing the income statements?

May ALLAH guide you all to the best