Description
Greetings,
Please find the attached assignment 2 for Auditing principals & procedures, do the needful as per instructed in the cover page.
Best wishes.
Assignment (2)
Deadline: 19/04/2025 @ 23:59
Course Name: Auditing principals and
procedures
Student’s Name:
Course Code: ACCT 401
Student’s ID Number:
Semester: 2nd
CRN:
Academic Year: 1446 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade:
/15
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 answers 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.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
Q1. List the three types of transactions processed through the revenue process.
(3 points)
Answer:
Q2. Identify the three major types of transactions that occur in stockholders’
equity. (3 Points)
Q3. What are the audit procedures for identifying contingent liabilities?
(4 Points)
College of Administration and Finance Sciences
Q4. List the eight elements included in the standard unqualified report.
( 5 Points)
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