Match the Scenario Below with the Audit Standard(s) and the Number

question 10

Short Answer

Match the scenario below with the audit standard(s) and the number within the standard . Some examples may have more than one standard that applies.
Audit standards:
-General #1, #2, or #3
-Field work #1, #2, or #3
-Reporting #1, #2, #3, or #4

SCENARIOS:
(a) Larry works for a CPA firm that has few supervisory auditors.
(b) Mary-Ellen becomes bored with auditing payroll, so she simply checks off the steps on a work program as being completed without doing the work.
(c) Bruce refuses to attend his firm's training sessions, attending a baseball game instead. He has another staff member sign him in and out.
(d) The audit firm runs out of time and thus stops collecting evidence despite worries that there might be errors in one account.
(e) The staff at a firm like the client, so they raise the materiality threshold beyond the limit generally set by the firm.
(f) The audit report states that GAAP was used in preparing the financial statements, even though the client deviated from GAAP in several material respects.
(g) The auditors withhold the audit report because they have not been paid.
(h) The auditors perform the tests of internal control as they perform the substantive tests in order to save the client money.
(i) The client changes accounting methods with respect to inventory, but failed to restate its financial statements for the prior periods. The auditors decided to let it go since they ran out of time.
(j) The auditors fail to audit the footnote disclosures provided by the client.
(k) The auditor is concerned that there are material errors he has not found and so refuses to issue an audit report.

---

Definitions:

Relatively Often

A term indicating that an event or occurrence happens frequently, but not necessarily at regular intervals or with uniform intensity.

Social Anxiety Disorder

A chronic mental health condition in which social interactions cause irrational anxiety, fear, self-consciousness, and embarrassment.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a widely used manual for diagnosing and classifying mental disorders.

Biological Factor

Any physiological, genetic, or biochemical influence that can affect a person's mental or physical health.