Following Are Five Cases (1-5)that Illustrate Different Types of Audit

question 18

Essay

Following are five cases (1-5)that illustrate different types of audit engagements.In the space provided,indicate the type of audit that would be conducted,the specific auditor who might undertake the engagement,and the auditing standards that would probably apply for the engagement.

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Definitions:

Initial Period Cash

The amount of cash available at the beginning of a financial period or the start of a project.

Project Termination

The process of concluding or finalizing a project after its objectives have been achieved or it has been determined that objectives cannot be achieved.

Incremental Cash Flows

The additional cash flow a business receives from taking on a new project or investment.

Replacement Decision

The evaluation process for determining whether to repair, maintain or replace an asset or piece of equipment.