College of Administrative and Financial Sciences
Deadline: End of Week (12) 21 November 2020 @ 23:59
|Course Name: Auditing Principles and Procedures||Student’s Name:|
|Course Code: ACCT401||Student’s ID Number:|
|Academic Year: 1441/1442 H|
For Instructor’s Use only
|Students’ Grade: #/5||Level of Marks: High/Middle/Low|
Instructions – PLEASE READ THEM CAREFULLY
Assignment Question(s): (Marks 5)
Q1. Discuss the inherent risk assessment of the following items and explain why the auditor asses these inherent risks as high or low:
– Inherent Risk Assessment – Prepaid Expenses [1 mark]
– Inherent Risk Assessment – Intangible Assets [1 mark]
Q2. As an auditor of manufacturing company in KSA, explain what the auditor should do during the observation of the physical inventory count. [2 marks]
Q3. Discuss the theories of ethical behavior. [1 mark]
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