ACCT 401 Saudi Electronic University Auditing Principles and Procedures Paper

College of Administration and Finance SciencesAssignment (1)
Deadline: Saturday 29/04/2023 @ 23:59
Course Name: Auditing Principles and
Student’s Name:
Procedures
Course Code: ACCT401
Student’s ID Number:
Semester: First semester
CRN:
Academic Year: 1444 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade:
/15
Level of Marks: High / Middle / Low
Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via
allocated folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented; marks may be
reduced for poor presentation. This includes filling your information on the
cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from
students or other resources without proper referencing will result in ZERO
marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced)
font. No pictures containing text will be accepted and will be considered
plagiarism.
• Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
IMPORTANT NOTES: Answer in your OWN words, DO NOT COPY from slides,
fellow students, or internet sources without proper citation.
Q1. What is the difference between audit, attestation, and assurance services? And how do the
answers provide value to stakeholders?
Your answer should have a minimum of 400 words. (5 Marks)
College of Administration and Finance Sciences
Q2. How can auditors effectively plan an audit in a dynamic and uncertain environment? Provide an
example to describe your answer.
Your answer should have a minimum of 400 words. (5 Marks)
College of Administration and Finance Sciences
Q3. In your opinion, what are the benefits of assessing the effectiveness of internal controls over
financial statements ICFR to the audit process, other than being a requirement of PCAOB?
Your answer should have a minimum of 300 words. (5 Marks)