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In my view, auditors should able to provide some consulting services to their audit clients, but there are certain services that would clearly be inappropriate for them to provide.

Auditors should be allowed to consult with audit clients.

Auditors should not be allowed to consult with audit clients.

6.6 During the planning stages of an attestation engagement, auditors should communicate to officials of the audited entity and to individuals requesting or contracting for the services information regarding the nature and extent of testing and reporting, including any potential restriction of reports associated with the different levels of assurance services, to reduce the risk that the needs or expectations of the parties involved may be misinterpreted.

Auditors should talk to officials of the audited entity and to those requesting services information regarding the testing and reporting.

To increase the risk that needs or expectations of those involved is misinterpreted, auditors are uncommunicative.

Ratings based on audit findings serve as an independent measure of control effectiveness and management awareness.

Control effectiveness and management awareness are reflected in ratings from the audit findings.

Ratings based on audit findings are heavily opinion based and can be bought.

The following are examples of circumstances where internal controls can be significant to audit objectives.

These are a few examples of the significance of internal controls to audit objectives.

There are never circumstances where internal controls have any significance at all to audit objectives.

The measures of accountability mentioned above help to portray the Government's financial condition.

Accountability measures help establish the financial condition of the government.

The measures of accountability mentioned above are responsible for the current auditor strike.

The resolution process begins when audit or other review results are reported to management, and is completed only after action has been taken that (1) corrects identified deficiencies, (2) produces improvements, or

When management gets made aware of audit results is when the resolution process can begin.

The termination process starts when audit results are brought to management.

GAGAS pertain to auditors' professional qualifications and the quality of their work, the performance of field work, and the characteristics of meaningful audit reporting.

The professional qualifications of auditors, as well as the quality of their work, the performance of field work, and the characteristics of their audit reporting, are reflected by GAGAS.

Characteristics of meaningful auditing cannot be evaluated by GAGAS.

Auditors should determine what steps the agency has taken to get feedback on its requirements, how the agency has handled comments or questions on a proposed RFP, and whether the agency has acted to ensure that contractor proposals are competitive.

Auditors should establish whether steps have been taken to ensure that contractor proposals are competitive.

Auditors should take no interest in the steps that have been taken to ensure the competitiveness of contractor proposals.

In planning examination-level attestation engagements, auditors should obtain a sufficient understanding of internal control that is material to the subject matter or assertion to plan the engagement and design procedures to achieve the objectives of the attestation engagement.

Auditors should sufficiently learn the subject being audited before determining audit procedures.

Auditors do not have to be knowledgeable about things that they're auditing.

The participants discussed the auditor's responsibility for detecting fraud and the meaning of the assurances provided by the auditor's report on the financial statements.

The participants discussed the auditor's responsibility for detecting fraud

The participants didn't discuss the auditor's responsibility for detecting fraud

As noted in our prior correspondence concerning this matter, the information we are seeking is clearly within our statutory audit and access authority.

Statutory audit and access authority have a wide range for the matters involved.

The authorities have no control over the audit being made available to anyone.

It was also suggested that the PCAOB should evaluate the recent events that have affected the public's confidence in auditors to consider what further actions may be needed beyond those mandated by the Sarbanes-Oxley Act of 2002 and recent regulatory changes and proposals.

Additional measures may be needed to regain public confidence in auditors.

It was suggested that the PCAOB should fire all auditors and start over.

Therefore, state agencies, with the help of the State Auditor's Office, reevaluated and redesigned agency internal controls to meet both external financial reporting and performance management control objectives.

State agencies have their internal controls refined with the aid of the State Auditor's Office.

State agencies must meet external financial reporting objectives but are often forced to do so with no help from the State Auditor's Office.

Performance audits provide information to improve program operations and facilitate decisionmaking by parties with responsibility to oversee or initiate corrective action, and improve public accountability.

The audits give information that is used for operations improvements.

They do not care about the program.

Results of the review should be communicated to agency officials for their comment, in accordance with government auditing standards.

Agency officials should be made aware of review results.

Government auditing standards are irrelevant when it comes to informing agency officials of the results.

8.28 Auditors should report that the audit was made in accordance with generally accepted government auditing standards.

Auditors should report that the audit was generally accepted by the government.

Auditors should report that the audit was not generally accepted by the government.

When the auditors' tests of data disclose errors in the data, or when they are unable to obtain sufficient, competent, and relevant evidence about the validity and reliability of the data, they may find it necessary to

Auditors can test data disclosure errors.

Auditors cannot test data disclosure errors.

8.36 The third reporting standard for performance audits

There are different reporting standards for audits

There are is just one reporting standard for audits

Monitoring of internal control should include policies and procedures for ensuring that the findings of audits and other reviews are promptly resolved.

Monitoring internal control should make sure that the findings of audits and other reviews are resolved quickly.

Monitoring internal control is not important in an organization.

This information is needed by report users to understand the purpose of the audit and the nature of the audit work performed, to provide perspective as to what is reported, and to understand any significant limitations in audit objectives, scope, or methodology.

The report users require the information in order to understand the audit's purpose.

The report users often question the purpose of the audit, even with the information they receive.

TYPES OF GOVERNMENT AUDITS AND ATTESTATION ENGAGEMENTS

there are different types of government audits

there is only 1 type of government audits

For at-risk, hazardous, or harmful drinking, AUDIT was found most effective with sensitivities of 51 percent to 97 percent.

The most effective of them was AUDIT.

The sensitives ranged from 40 percent to 60 percent.

When planning a risk assessment, the auditor should first review the agency's acquisition policies and directives to identify the organizations and individuals responsible for approving procurements.

The auditor should review policies and directives.

The auditor should not review policies and directives.

The litigious environment has also led to a check box mentality where it is more important to follow the accounting rules when preparing financial statements than actually reporting the economic substance of the transaction.

The environment has made it more important to follow the accounting rules than to report the economic substance of the transaction.

It isn't important to follow accounting rules.

Auditors may wish to attach the comment letter to the audit report to provide the reader with both points of view.

Auditors can help the reader with more than one point of view.

The Auditors are prohibited to attach anything else for he reader.

Thus, when auditors disclose matters that have led them to conclude that an illegal act is likely to have occurred, they should not imply that they have made a determination of illegality.

It's improper for auditors to make a determination of illegality.

Auditors should always feel free to make determinations of illegality.

The auditor can then measure the progress of the prototypes against the agency's criteria.

The auditor can then measure the progress of the prototypes of the prototypes against the agency's criteria

The auditor then can't measure the progress of the prototypes of the prototypes against the agency's criteria

This third purpose is important because audits done in accordance with GAGAS often are subject to review by other auditors and by oversight officials.

This purpose is important because of the possibility of it being reviewed by other auditors.

This third purpose isn't very important.

We believe this is a more logical and user friendly presentation than having a separate chapter discussing the field work and reporting standards for these objectives that would only tell the auditor to follow the same standards applicable to other types of performance audit objectives.

The presentation is a lot more user friendly.

This way will be a lot harder to understand.

In addition, auditors should obtain an understanding of the methods and significant assumptions used by the nonauditors.

Methods and assumptions should be understood by auditors.

There are no methods or assumptions for auditors at all.

In addition to following up on significant reported findings and recommendations from previous financial audits or attestation engagements, auditors should consider significant findings identified in performance audits and other studies if these findings relate to subject matter or assertions of the attestation engagement.

Auditors should consider significant findings identified in performance audits and other studies.

Reported findings should not be followed up on.

Auditors will need to tailor the use of the tools described in appendix II to the circumstances of the audit.

Circumstances will dictate how tools are used.

Appendix III describes the tool usage appropriate for the audit.

Audit documentation should contain sufficient information to enable an experienced reviewer, who has had no previous connection with the audit, to ascertain from the audit documentation the evidence that supports the auditors' significant judgments and conclusions.

Audit documentation should have enough information to help a reviewer make conclusions.

Audit documentation should have enough information to help a reviewer write a report.

The term auditor throughout this document includes individuals who may be titled auditor, analyst, evaluator, or a similar position description.

Analysts and evaluators may also be referred to as an auditor.

Evaluators are not called analysts in this document.

The audit steps in this section should be used to assess the potential risks posed by the lack of management or user support.

Potential risks can be avoided by following the audit steps.

The audit steps in the section do not help and are more of a reminder of the dangers of being an auditor.

If auditors report separately, the audit report should contain a reference to the separate report containing this information6 and state that the separate report is an integral part of the audit and should be considered in assessing the results of the audit.

It is possible for auditors to report separately.

There are no scenarios where auditors can report separately.

If the auditors' report discloses significant deficiencies, auditors should report the views of responsible officials concerning the findings, conclusions, and recommendations, as well as corrections planned.

The auditors should report the views of responsible officials if significant deficiencies are discovered.

The auditors should keep all their views for themselves no matter what happens.

CFO Act GAO's mission again due auditing

The auditing is due.

The mission was not acted.

An additional standard related to audit documentation for financial audits performed in accordance with GAGAS

There are at least two standards related to audit documentation for financial audits performed in accordance with GAGAS.

There is only one standard related to audit documentation for financial audits performed in accordance with GAGAS.

Audit organizations should submit audit reports to the appropriate officials of the audited program and to the appropriate officials of the organizations requiring or arranging for the audits, including external funding organizations, unless legal restrictions prevent it.

Audit reports should be submitted to appropriate officials of the audited program by audit orgranizations.

There is no need to submit any audit reports.

Auditors could, for example, compare expected to actual usages of hardware resources in order to identify emerging computer capacity problems.

Auditors may possibly compare expected usage to actual usage in order to identify potential capacity issues in the future.

Auditors are specifically not allowed to examine computing power usage during their audit.

The Sarbanes-Oxley Act of 2002 will help to close the expectation gap concerning the effectiveness of internal control over financial reporting by requiring management and auditor reporting on these controls.

The Sarbanes-Oxley Act of 2002 requires management to report on internal controls.

Management and auditors are no longer required to report on the internal controls.

Assessing the test and acceptance phase may require a high level of technical skill on the part of auditors, such as when an agency has contracted for software development services and must test the quality of delivered software.

The auditors may require a high level of technical skill.

When an agency has contracted for software development services, it does not need to test the quality of the delivered software.

Established in 1941, the Institute of Internal Auditors serves as the profession's watchdog and resource on significant auditing issues around the globe.

Auditing issues are controlled by the Institute of Internal Auditors.

There is no way to ensure auditing issues are kept ethical.

It's important to enhance the scope and timing of any related audit reports, but it's also important to ensure that firms are both qualified and independent to perform such audits.

Firms need to be qualified before they conduct an audit.

Audit reports aren't that important and can be performed by a firm with even no experience.

1.3 This chapter describes the applications of GAGAS by auditors and audit organizations.

This chapter describes the applications of GAGAS.

This chapter doesn't describes the applications of GAGAS

In theory, auditors work directly for the board of directors and indirectly for shareholders.

The auditors should answer directly to the board of directors.

The auditors do not cooperate with the board of directors.

When auditors conclude that this type of fraud or illegal act either has occurred or is likely to have occurred, they should ask those authorities and/or legal counsel if reporting certain information about that fraud or illegal act would compromise investigative or legal proceedings.

Auditors should ask the authorities before reporting certain information about illegal acts.

Reporting on fraud will never compromise legal proceedings.

This documentation requirement does not increase the auditors' responsibility for testing internal control but is intended to assist the auditor in ensuring that audit objectives are met and audit risk is reduced to an acceptable level.

Auditors have a responsibility to test internal controls.

These documents may not be used as part of the audit process.

But in the middle ground--entrepreneurial and analytical journalism--no institution can reasonably be expected to audit itself.

No institution should audit itself.

Institutions should audit themselves.

1.10 Other professional standards which may be used by auditors are issued by such bodies as the Institute of Internal Auditors (Codification of the Standards for the Professional Practice of Internal Auditing, The Institute of Internal Auditors, Inc.), and the American Evaluation Association, which has developed guiding principles for evaluators (Guiding Principles for Evaluators, a report from the American Evaluation Association Task Force on Guiding Principles for Evaluators).

Institute of Internal Auditors offers one of several sets of professional standards used by auditors.

Individual auditors develop their own professional standards in coordination with their employer.

This chapter prescribes field work standards and provides guidance to auditors conducting performance audits in accordance with generally accepted government auditing standards (GAGAS).

The government maintains general auditing standards.

Auditing oversight is separate from the government.

Audit organizations are encouraged to establish policies for maintaining the

Organizations specializing in auditing are encouraged to create policies

Audit organizations are discouraged from establishing any sort of policies whatsoever.

Auditors should exercise professional judgment in planning the engagement by obtaining an understanding of the possible effects of fraud, illegal acts, or other noncompliance on the subject matter or assertion of the attestation engagement and by identifying and assessing any associated risks that could have a material effect on the attestation engagement.

The effects of fraud and illegal acts should be understood by auditors.

Auditors do not need to understand illegal activities.

The audit guide consists of 10 chapters, with appendixes.

There are 10 chapters with appendixes in the audit guide.

The audit guide contains a total of 12 chapter with appendixes included.

In the audit plan for the engagement, you should include a brief discussion of how you plan to assess data reliability, as well as any limitations that may exist due to shortcomings in the data.

The audit report should include a plan for engagement and reliable methods to gather data as well as how to assess any limitations within the study.

The audit report can be fabricated with lies and any information you want to include.

Auditors should meet these requirements even if they have resigned or been dismissed from the audit.

It is mandatory for auditors to meet these qualifications.

Auditors are not at all required to meet these requirements.

Auditors should use their professional judgment to determine the form and content of the communication, although written communication is preferred.

The acumen of auditors is valuable in writing communications.

Auditor's acumen almost never plays a role in writing communications.

Contractual arrangements for attestation engagements performed in accordance with GAGAS should provide for full and timely access to audit documentation to facilitate reliance by other auditors on the auditors' work, as well as reviews of audit quality control and assurance.

Arrangements for attestation should provide access to documents.

Arrangements for attestation should provide access to hot cocoa.

Audit documentation that supports significant findings, conclusions, and recommendations should be complete before auditors issue their report.

Audit documentation that supports the information should be totally finished before the report is issued.

Audit documentation that supports the information should be mostly finished before the report is issued.

8.13 Auditors should report significant findings by providing credible and convincing evidence that relates to the audit objectives.

Auditors should provide realistic evidence that relates to the objectives in order to report findings.

Auditors should not report significant findings, because that will only break trust in audit objectives.

2.8 A performance audit is an objective and systematic examination of evidence to provide an independent assessment of the performance and management of a program against objective criteria or an assessment of best practices and other information.

It dealt with the information involving best practices.

They did not care what was best for them.

Auditors should follow the AICPA's Statements on Standards for Attestation Engagements when providing opinions on internal control over compliance with laws and regulations or on internal control over financial reporting.

Auditors should follow AICPA's recommendations when giving opinions about internal control over financial reporting.

Auditors should pay not attention to AICPA'S Statements on Standards for Attestation Engagements because they no longer apply.

Other objectives of financial audits may include

Objectives of financial audits might include

Objectives of financial audits include nothing

and, in considering the results of the audit, These reports should be read along with the auditors' report on the financial statements.

The auditors submitted reports on the financial statements.

These reports are in no way to be associated with the auditors' financial statement reports.

Significant findings and recommendations are those matters that, if not corrected, could affect the results of the auditors' work and users' conclusions about those results.

A finding is significant if it can affect results when left uncorrected.

Issues that affect the work of auditors are not significant.

Additionally, new compliance monitoring procedures, which use outside auditors to monitor grantee compliance with regulations and to perform comprehensive yearly oversight of grantee activities, were formulated.

New compliance monitoring procedures use outside auditors.

There are no new compliance monitoring procedures.

Namely, performance auditors provide these services using performance audit standards, and financial auditors are likely to provide these services using the attestation standards.

Auditors use specific standards when providing their services.

There are no set standards when doing auditing services.

The third field work standard for performance audits

The field work standard is for performance audits.

The field work standard is for financial audhits.

Participants generally agreed that auditors should be able to speak more freely, openly, and honestly with audit committees on risks facing the company and on the appropriateness of the company's accounting policies.

People think auditors should be able to speak freely.

No one thinks auditors should be able to speak freely.

The audit team should include experienced members with enough knowledge of information technologies to satisfy the Government Auditing Standards

Experienced people who understand information technologies should be included by on the audit team.

The audit team doesn't need either experienced members or members how are knowledgeable.

However, a serious concern exists over whether audit committee members are focusing more on procedural matters to protect

There is however a serious concern over whether the audit committee members are more focused on procedural matters.

There is however a less serious concern over whether the audit committee members are more focused on procedural matters.

Considering Work of Other Auditors

The work done by other auditors being considered.

Trashing the work of other auditors.

Audit documentation for financial audits performed under GAGAS should contain the following.

The GAGAS audits should have the following information.

There will be no audits under GAGAs.

In this situation the auditor should

The auditor must change their choices depending on their situation.

The auditor must keep the same choices no matter the situation.

The auditor should also determine whether previous recommendations have been carried out.

It is up to the auditor to tell if the recommendations were completed.

The auditor is not responsible for checking if recommendations were carried out.

Depending on user needs and the auditor's qualifications, the auditor may choose to apply performance audit standards in chapters 7 and 8 to the objectives in paragraph 2.6 instead of following the attestation standards in chapter 6.

An auditor may choose to apply performance audit standards in chapters 7 and 8 to the objectives in paragraph 2.6 instead of following the attestation standards in chapter 6 based on the needs of the user along with the auditor's qualifications.

All auditors had to follow the standards in standards chapter 6 unless they received written permission to alter the audit directives.

In the final analysis, for any system to work you need to assure that the key people have integrity, that the information provided to key stakeholders is timely and reliable, and that the persons or entities that are providing assurance as to the reliability of any financial and non-financial information are qualified and independent both in fact and appearance.

Key people have to have integrity for any system to work.

Financial information does not need to be prepared by qualified people.

Auditors may meet this requirement by listing voucher numbers, check numbers, or other means of identifying specific documents they examined.

The way auditors can fulfill this rule is to enumerate numbers from checks, vouchers or other identifying documents they looked at.

The requirement can be met by auditors simply by crossing their fingers and saying 'I swear'.

In presenting the results of those tests, auditors should report fraud, illegal acts, other material noncompliance, and reportable conditions in internal control over financial reporting.

Auditors should include several types of misconduct in their reports.

Auditors should respect the confidentiality of their tests no mater what they find.

One factor underlying GAGAS audits is that federal, state, and local governments and other organizations cooperate in auditing programs of common interest so that auditors may use others' work and avoid duplicate audit efforts.

GAGAS audits are based on cooperation between auditors, in order to avoid duplicate efforts.

GAGAS audits are characterized by their lack of cooperation between auditors.

The following classification of internal control is intended to help auditors better understand internal controls and determine their significance to the audit objectives.

There are different classifications of internal control to help people better understand internal controls.

Internal control issues are not very prevalent.

The proposed changes related to performance audits retain the current presentation of separate chapters for field and reporting standards.

The changes are relevant to the performance audits.

The performance audits need to remain the same.

Auditors should include audit documentation on their assessment of risk, and, when risk factors are identified as being present, the documentation should include

The auditors need to include a bunch of documentation.

The auditors will find no risk at all.

requirement that auditors have appropriate skills and knowledge.

Auditors are required to have appropriate skills and knowledge.

Auditors gave no requirements to do their job.

However, if auditors decide to perform their work in accordance with the standards for attestation engagements issued by the AICPA, auditors should apply the additional GAGAS standards for attestation engagements contained in chapter 6.

If auditors want to perform their work according to the standards for attestation engagements, they should apply the GAGAS standards.

If auditors want to perform their work according to the standards for attestation engagements, they should not apply the GAGAS standards.

Auditors are also required to design the audit to provide reasonable assurance of detecting material misstatements resulting from direct and material illegal acts to be

Audits should be designed to detect illegal actions with reasonable accuracy.

Auditors are only required to ensure that their audits are completed on time.

FINANCIAL AUDITS

Financial audits

Physical audits

In addition, while Andersen had certain unusual audit related policies and practices that were not widely known by its partners and may not be shared by many other firms, it was hardly a rogue firm in the profession and any assertions to the contrary are not only inaccurate but also inappropriate.

It would be wrong to say that the firm was badly run or culpable in its roguish behavior.

Andersen was completely out of control because the firm's practices were systemically reckless.

Therefore, in applying software metrics to audit work, care must be taken to follow generally accepted government auditing standards when drawing conclusions based on the results of software metrics.

Software metrics should be used with care when auditing in government.

Software metrics can not be misused or cause errors when applied to government auditing.

If the auditors discover serious, but previously unrecognized weaknesses, the management awareness rating will be lowered.

The management awareness rating will be lowered if the auditors discover any serious but unrecognized weaknesses.

If an auditor finds an unrecognized weakness, the rating will not be lowered.

7Internal audit organizations do not have a duty to report outside that entity unless required by law, rule, regulation, or policy.

Internal audit organizations only have to report outside entities if it is required by law.

Internal audit organizations must report to outside entities at all times.

The reported audit objectives provide more meaningful information to report users if they are measurable and feasible and avoid being presented in a broad or general manner.

Generalization leads to less meaningful information.

Measuring the feasibility of objectives is impossible.

affect an audit organization's independence to conduct audits, which is discussed in chapter 3.

In chapter 3, it is discussed how and audit organization's independence is affected to conduct audits.

In chapter 10, it is discussed how and audit organization's independence is affected to conduct audits.

Accordingly, auditors should also disclose in the report on the attestation engagement instances of fraud, illegal acts, or other noncompliance that are material to the subject matter or the assertion.

Auditors should disclose instances of illegal activities.

Auditors are never required to disclose instances of illegal activities.

TO AUDIT OFFICIALS AND OTHERS INTERESTED IN GOVERNMENT AUDITING STANDARDS

To audit officials as well as others who are interested in auditing standards in government.

To carnival officials and others interested in political warfare.

The areas of most interest to auditors include section Description/Specifications/Work Statement, section

The Description/Specifications/Work Statement is of interest to auditors.

Auditors have no interest in the Description/Specifications/Work Statement section.

The additional reporting standard for financial audits conducted in accordance with GAGAS

GAGAS deals with financial audits.

GAGAS doesn't mess with financials.

This chapter also describes the concept of accountability for public resources and discusses the responsibilities of managers of government programs, auditors, and audit organizations in the audit process.

Accountability is a concept within this chapter which is also described,

This chapter doesn't discuss the responsibilities of managers of gonvernment programs.

(2) required audited financial statements annually, and (3) set expectations for agencies to develop and deploy more modern financial management systems, produce sound cost and operating performance information, and design results oriented reports on the government's financial condition by integrating budget, accounting, and program information.

The development of more modern systems of financial management was under the third point.

The expectation for annual audited financial statements wasn't mentioned at any point.