There's a need to conduct a review of a project after completion.
Graduate Level: What are some reasons that the project review or audit does not focus on an individual's wrongdoing?
Solution Summary
There's a need to conduct a review of a project after completion. This solution discusses some of the reasons that the project review or audit does not focus on an individual's wrongdoing.
Who should conduct the project evaluation/audit? Why?
Who should receive the project evaluation? Why?
What is the difference between an evaluation and a post-evaluation?
Can a project end prematurely and still provide benefit to an organization? Why or why not?
Why is it important to evaluate and audit your project?
H
Help with the following accounting problem.
Explain what the following five words mean to you: non CPA audit, financial audit, compliance audit, operational audit, fraud audit
Objective: Evaluate Results
Mel Adams is a partner in a medium-sized CPA firm and takes an active part in the conduct of every audit he supervises. He follows the practice of reviewing all audit files of subordinates as soon as it is convenient, rather than waiting until the end of the audit. When the audit is nearly finis
Why is an audit important? Is it?
What major information would you expect to find in a projectaudit?
Why is it difficult to perform a truly independent, objective audit?
What personal characteristics and skills would you look for in selecting a projectaudit leader?
Considering that an auditor cannot express an opinion with certainty even after conducting an audit, is an audit worth the cost for the stakeholder? 100 words.
What should auditors do if their evidence is questioned? If someone thinks that the evidence is actually NOT persuasive and that the conclusions are inaccurate, what should the auditor do? How should that situation be handled?
