Audit

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Assignment1-ACCT401.docx

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College of Administrative and Financial Sciences

Assignment-1

Deadline: 12/10/2019 @ 23:59

Course Name:

Auditing Principles and Procedures

Student’s Name:

##

Course Code: ACCT401

Student’s ID Number: ##

Semester: First Semester

CRN: ##

Academic Year: 1440/1441 H

For Instructor’s Use only

Instructor’s Name: Dr. Abdullah A. Alakkas

Students’ Grade: ??/5

Level of Marks: High/Middle/Low

Instructions – PLEASE READ THEM CAREFULLY

· The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

· Assignments submitted through email will not be accepted.

· Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

· Students must mention question number clearly in their answer.

· Late submission will NOT be accepted.

· Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.

· Submissions without this cover page will NOT be accepted.

Assignment Question(s): (Marks 5)

1- What is Audit risk?

2- What is the role of an Audit committee?

3- Write about Engagement letter and its importance? What is Engagement risk?

4- When an Auditor finds misstatements in entities financial statements which may be the result of fraudulent act, what should be the role of an auditor under that situation?

Answer: (Marks ??)

1)

2)

3)

4)

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