audit reports question

Project description
1. You will need to access a list of audit reports using the following instructions:

(a)Visit http://auditor.utah.gov/accountability/search-audit-reports/.
(b)Under the Entity box, select All
(c)Under the Year box, select All
(d)Click the Search button
(e)Click the heading Type to organize the reports by the type of report.

2. Select five reports, one from each category and answer the questions below.

(a)Financial Statements (with a non-standard report)

List the entity, year, and date of the report.
Describe the circumstances that led to a non-standard report.

(b)Management Letter (with recommendations)

List the entity, year, and date of the report.
Give a detailed description of two (2) problems that the auditor discovered

(c)Performance Audit (with multiple findings and recommendations)

List the entity, year, and date of the report.
Briefly describe the purpose of the performance audit.
What were some of the data that the auditor compiled?

(d)Special Project (with multiple findings and recommendations)

List the entity, year, and date of the report.
Give a detailed description of two (2) problems that the auditor discovered
What caused these problems?
What solutions did the auditor propose?

(e)Agreed-Upon Procedures

List the entity, year, and date of the report.
What was the purpose of the agreed-upon procedures?
What is a summary of the findings?

This project has two main objectives: 1) Help students understand various types of reports prepared by CPAs, and 2) Improve students written communication skills.

Other Instructions:

1. Use complete sentences, proper grammar, etc.
2. Do not copy information from the report! Summarize the information in your own words.
3. Do your own work. Do not work on this project together.
4. Use 12-point font, 1 margins

Due Date: Tuesday, April 19
Instruction files

audit_reports_class_assignment.docx(14,95 KiB)