Description
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Assignment (2)
Deadline: Saturday 23/11/2024 @ 23:59
Course Name: Auditing principals and
procedures
Student’s Name:
Course Code: ACCT 401
Student’s ID Number:
Semester: 1st
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. Identidy the first three steps that the auditor should follow while
observing the physical inventory count. (3 Points)
Answer:
Q2. What are factors considered in assessing control risk for intangible asset?
(5 Points)
Answer:
College of Administration and Finance Sciences
Q3.Identidy the three major types of transactions that occur in stockholders
equity. (3 Points)
Answer:
Q4. Identify audit procedures to test the bank reconciliation. (4 points)
Answer:
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