Revise Each Statement Below So That It More Clearly Upholds

question 30

Essay

Revise each statement below so that it more clearly upholds the indicated AICPA generally accepted auditing standard.1) Training: Alexis completed an online course on professional etiquette.2) Evidence: Allison checked the employment references of an audit client's CEO as part of evaluating the CEO's credentials.3) Opinion: Ann used her own words to express an opinion on the truth of an audit client's financial statements.4) Independence: Blaine accepted an audit engagement with a firm owned by his mother-in-law.5) Professional care: Brent randomly selected auditors in his firm as part of developing an audit team.6) Internal control: Crystal used expectancy theory to assess internal control as part of an audit.7) Supervision: Lindsay, the manager of an audit team, scrutinized the work of all auditors on her team equally, regardless of their experience or the tasks they were completing.8) Consistency: Louis explained a change between the applications of GAAP in 2008 and 2011.9) Disclosure: Nicole personally prepared the footnotes for an audit client's financial statements to ensure all disclosures were properly done.10) GAAP: Ralph determined that a client's financial statements were truthfully and accurately presented in accordance with the AICPA's generally accepted auditing standards.

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Definitions:

Child Labor

Refers to the employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally dangerous and harmful.

Mechanical Arts

Fields of study and occupation related to the design, construction, and operation of machinery or devices, often applied in engineering and manufacturing.

Low-Income Families

Households earning significantly less than the median income, often facing financial instability and limited access to basic needs and services.

Saving And Spending

Economic activities that involve setting aside income (saving) for future use and using income for current needs or desires (spending).