John Anders, CPA, Has Worked Three Years for a Regional

question 9

Essay

John Anders, CPA, has worked three years for a regional CPA firm. His responsibilities have been limited primarily to working on retail store audits and their related tax problems. Due to the resignation of several staff members during the year and the addition of several new clients, the firm is badly understaffed.
John's firm is asked on December 10 to do the audit of a construction company for the year ending December 31. The president of the construction company, who is under indictment for income tax fraud, apologized for the late timing of the invitation. He explained that another CPA firm had been fired on December 9 due to sloppy work and incompetence. The client states that it must have the audit report for the annual meeting of stockholders on January 25.The managing partner of the firm decides to accept the engagement. A major factor in the decision is that the firm does not have any clients in the construction industry and this will provide valuable experience. He promptly calls the president and accepts the audit.
The managing partner assigns John to the audit with instructions to start immediately and do the best possible job within the specified time constraints. By working alone for long hours and weekends, John completes the audit on January 23 and submits his working papers and audit report to the managing partner for review. The partner carefully reads the audit report and congratulates John on a job well done.
REQUIRED:
A.What steps in accepting the engagement were violated? Explain.
B.What auditing standard (s) was (were) violated in performing the audit? Explain.

Understand the biological, cultural, and social constructionist perspectives on sexuality.

Recognize the existence and implications of sexual scripts across genders and cultures.

Comprehend the effects of heterosexism and homophobia on societal views towards sexual orientation.

Identify factors influencing sexual orientation and behaviors.

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Definitions:

Actual Situation

The real and present condition or state of affairs, without any alterations or embellishments.

Better Than Anticipated

Results or outcomes that surpass the expected or forecasted standards.

Desired Situation

The optimal state or condition that a person, group, or organization aims to achieve in the future.

Actual Situation

The real and current state of affairs or conditions, as opposed to theoretical considerations or expectations.