The Securities and Exchange Commission's (SEC) accounting enforcement program is examined. The specific questions explored are: 1. what type of accounting and auditing problems motivate enforcement actions, 2. what are the consequences of the investigations on target's financial statements, managers, and auditors, and 3. how do investors and other market agents view the SEC's actions. A total o…
This internship report discusses the evaluation of audit engagement procedures carried out by KAP XYZ which includes the process of making client acceptance forms, analyzing client acceptance risks, and making engagement letters. The evaluation process is carried out by comparing the procedures used by the KAP with auditing standards (SA) and the concept of client acceptance according to Dassen…