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If auditors determine that internal controls over data which are significantly dependent upon computerized information systems are not effective or if auditors do not plan to test the effectiveness of such controls, auditors should include audit documentation regarding the basis for that conclusion by addressing (1) the reasons why the design or operation of the controls is ineffective, or (2) the reasons why it is inefficient to test the controls.

If auditors find the internal controls over data are not effective, they should include that documentation.

If auditors find the internal controls over data are not effective, they should not include that documentation.

Auditors should apply the guidance contained in this section to other types of financial audits to the extent it is applicable to the nature of the engagement.

The guidance contained in this section should be applied by auditors to other types of financial audits where applicable.

The guidance contained in this section shouldn't be applied by auditors to other types of financial audits under any circumstances.

While many agencies have made great strides toward generating more accurate and reliable annual financial statements, the process of preparing financial statements and subjecting them to independent audit is only the first step toward satisfying the requirements of the legislation.

Agencies worked towards generating good financial statements.

Agencies worked towards generating good newsletters.

The following indicators are intended to help auditors

Auditors should find the benchmarks below useful.

The measures below are meant to complicate matters for auditors.

This audit guide is based on and incorporates GAO's information technology acquisition model.

The information technology acquisition model influenced this audit guide.

This audit guide drew no inspiration from anything else.

Participants stated that the quality of audits can be adversely affected by time and fee pressures that lead to less substantive auditing.

Time and fee pressures affect the quality of audits done.

Time and financing have no adverse effects on the quality of auditing.

Turn on your brain rather than checking boxes in connection with key accounting, reporting and auditing issues.

When doing reporting, you have to use your brain.

Emphasize checking boxes rather than critical analysis.

In fact, GAO has long interpreted its audit authority as encompassing reviews of agency processes.

The GAO has the authority to conduct audits into agencies.

The GAO does not have the authority to audit agency processes.

Auditors should be alert to situations or transactions that could be indicative of abuse.

Auditors should be alert to abuse potential.

Auditors should be alert to pollution potential.

Although the following standard on reporting on compliance with laws and regulations and on internal control over financial reporting is applicable to audits of financial statements, the requirement to report deficiencies in internal control (see paragraphs 5.11 through 5.15) and reporting fraud, illegal acts, and other noncompliance (see paragraphs 5.16 through 5.26) is applicable to all financial audits.

Standards on reporting with regards to laws and regulations have internal controls and audits.

There are no rules nor regulations with regards to the standards on reporting.

The form and content of audit documentation should be designed to meet the circumstances of the particular audit.

Audit documentation should be designed a certain way so that it fits a particular audit.

The audit should be document free in the future.

If so, auditors should include

Auditors should include if that is true.

Auditors don't need to include

The auditing standards issued by the United Kingdom's Audit Practices Board require NAO to plan and perform its audits to provide for reasonable assurance that the financial statements are free from material misstatement, whether caused by error, or by fraud or other irregularity.

The audits provide assurance that the financial statements are free of fraud.

The audit is not necessary for assurance.

An audit cannot guarantee precision in an environment where estimates are made.

An audit can't guarantee precision in an environment where estimates are made

Audits guarantee precision

In addition, management and audit committees have important roles and responsibilities for internal control to prevent and detect fraud.

Management and audit committees are vital for internal detection and prevention of fraud.

The management and audit committees actively work towards enabling and covering up fraud.

7.15 When internal controls are significant to the audit objectives, auditors should plan to obtain sufficient evidence to support their judgments about those controls.

An auditor should obtain evidence to support their judgements.

Auditors can report whatever they want without any evidence.

Management Report on Office of Inspector General Audits of Grantees Issued With Questioned Costs For the Six Month Period Ending March 31, 2001 TABLE 2

Management Report on Office of Inspector Audits for the half-year period ending March 31

Management Report on Office Supplies and Wasted Use

Evidence should be sufficient, competent, and relevant to support a sound basis for audit findings, conclusions, and recommendations.

Evidence should be relevant to be used in audit findings.

Evidence doesn't necessarily need to be relevant to be used in audit findings.

Separate evaluations also may be performed by the agency Inspector General or an external auditor.

It could be done by an external entity.

There were no separate evaluations.

An audited entity receiving a GAGAS attestation report may also need a report on the attestation engagement for purposes other than to comply with requirements calling for a GAGAS audit.

A GAGAS attestation engagement report may be useful for reasons beyond the audit itself.

There is no reason to provide an account of the GAGAS engagement.

We conducted our work from October 2000 through August 2001 in accordance with generally accepted government auditing standards.

Standard auditing practices are that an audit be done over 10 months.

The 10 month audit was a deviation from standard auditing practices.

An additional reporting standard for financial statement audits2 conducted in accordance with GAGAS

The financial statement audits under the proposed reporting standard would be conducted in accordance with GAGAS.

The abolition of reporting standards for financial statement audits conducted in accordance with GAGAS.

AICPA standards and GAGAS require auditors to prepare and maintain audit documentation.

Auditors must maintain audit documentation.

Auditors are not required for audit documentation.

The appendixes provide further information for use in planning and conducting an acquisition audit.

There's more information provided in the appendixes on the subject of conducting acquisition audits.

The appendixes won't provide any more information than has already provided.

The audit plan should reflect data reliability issues and any additional steps that still need to be performed to assess the reliability of critical data.

Critical data is vital to judge the next steps being taken.

There is no reliability among the data within the audit plan.

8.9 Audit objectives should be communicated to knowledgeable users by reporting the questions that were to be answered in the audit in a clear, specific, and neutral manner that avoids unstated assumptions.

Objectives should be as stated as concisely as possible.

Audit processes are usually bias.

When laws, regulations, and other compliance requirements such as provisions of contracts or grant agreements are significant to the audit objectives, auditors should design the audit to provide reasonable assurance about compliance with them.

Compliance requirements are significant to audit objects and so the auditors should design the audit to maximize the assurance in regards to compliance.

Auditors do not need to worry about providing assurance about compliance.

The current model relies heavily on an auditor's expression of an opinion on historical cost-based financial statements after year-end.

Auditor's expression of an opinion is of great value.

The current model has no interest in the opinions of auditors.

7.16 Internal auditing is an important part of internal control.

Internal control includes internal auditing as an important part.

Internal control includes everything except internal auditing.

Auditors should perform such follow-up to determine whether officials of the audited entity have taken appropriate corrective actions.

Such follow-ups to determine whether officials of the audited entity have taken appropriate corrective actions.should be performed by auditors.

Audited entities aren't obligated to take appropriate corrective actions, and auditors don't need to check that.

The auditor should be able to understand the system requirements, development methodologies, and test tools being used.

It's necessary that the auditor understands how test tools are used.

Those projects don't have any system requirements, so the auditor has quite an easy job.

In addition to this general standard, auditors should follow the general standards for work performed under GAGAS, as discussed in chapter 3.

There are general standards which auditors should follow.

There aren't any standards that auditors should follow under GAGAS.

by auditors in order to identify policy and related control deficiencies.

Auditor have to assess policies and control deficiencies

Auditors always neglect policy and related control deficiencies.

First, auditors should not perform management functions or make management decisions.

Auditors shouldn't perform management duties.

Auditors should perform management duties.

Therefore, we have proposed including that latter objective in the definition of performance audits, as discussed in chapter 2, and in the presentation of field work and reporting standards, in chapters 7 and 8, applicable to the various objectives of performance audits.

She proposed including the latter objective in the definition of performance audits.

She proposed including the first objective in the definition of IRS audits.

For example, an audit report on an entity's computerized information systems may contain significant findings that could relate to the attestation engagement if the entity uses such systems to process information about the subject matter or contained in an assertion about the subject matter.

An audit could find significant issues.

Audits do not typically find issues with attestation engagement systems.

Analyzing the results of monitoring efforts provides security specialists and business managers a means of

Security specialists have by analyzing the results a means.

Analyzing the results of monitoring efforts is a useless endeavor to security specialists.

Auditors are not required to include copies of documents they examined as part of the audit documentation, nor are auditors required to list detailed information from those documents.

Auditors aren't required to include details information from the documents they examine

Auditors must include a copy of every document they examine in their documentation

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

Auditors should use written communication.

Auditors are free to assess each situation with complete flexibility.

In selecting criteria, auditors have a responsibility to use criteria that are reasonable, attainable, and relevant to the objectives of the performance audit.

Auditors, when selecting criteria, have a responsibility to use those that are reasonable.

Auditors, when selecting criteria, have a responsibility to use those that are not reasonable.

In addition, audits performed in accordance with GAGAS are subject to quality control and assurance reviews.

There are audits and quality controls in place.

There are very few, if any, audits and control practices in place.

When information comes to the auditors' attention (through audit procedures, allegations received through a fraud hotline, or other means) indicating that abuse may have occurred, auditors should consider whether the possible abuse could significantly affect the audit results.

Auditors have to consider whether or not abuse could affect the audit results.

Abuse never will affect an audits results.

As stated in the AICPA's statements on standards for attestation engagements, auditors should not perform reviewlevel work for reporting on internal control or compliance with laws and regulations.

The auditors have standards for the internal control.

The auditors set the standards for the AICPA.

The auditors then develop two ratings on a scale of 1 to 5: One rating to indicate the effectiveness of information security controls and a second rating to indicate the level of management awareness.

Two ratings are created by the auditors using a scale from one to five.

The auditors created a system of rating based on one to ten stars.

Audit committees should be demanding more information from auditors and asking auditors if they have sufficient resources, both in number and expertise, to adequately perform the audit.

Demand should be necessary for audit committees on auditors.

Demand is never necessary for audit committees on auditors.

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

Thus, when auditors release matters that have them conclude an illegal act likely occurred, they need take care that they have determination already made.

Thus, when auditors release matters that have them conclude an illegal act likely occurred, they need not take care that they have determination already made.

Such controls are critical to determining the reliability of interim reporting and various ongoing assertions by the company throughout the year.

These controls are important for interim reporting purposes.

Interim reporting is not dependent on any controls.

Audit documentation serves three main (1) to provide the principal support for the auditors' report, (2) to aid auditors in conducting and supervising the audit, and (3) to allow for the review of audit quality.

Audit documents allow for the review of audit quality.

Audit documents don't allow for the review of audit quality since there is no guidelines as to how they should be prepared.

6 When an assessment of internal control is called for, the work of the internal auditors can be used to help provide reasonable assurance that internal controls are functioning properly and to prevent duplication of effort.

Internal auditors can use their work to provide reasonable assurance.

Assessments of internal control is no longer allowed to be called for.

Auditors should report significant deficiencies in internal control considered to be reportable conditions as defined in AICPA standards.

The AICPA standards define what should be considered reportable conditions.

Auditors can choose not to report significant internal control deficiencies.

ADDITIONAL CONSIDERATIONS FOR FINANCIAL AUDITS PERFORMED IN ACCORDANCE WITH GAGAS

ADDITIONAL CONSIDERATIONS FOR FINANCIAL AUDITS PERFORMED IN ACCORDANCE WITH GAGAS.

ADDITIONAL CONSIDERATIONS FOR FINANCIAL AUDITS WAS NOT PERFORMED IN ACCORDANCE WITH GAGAS

For example, an audit cannot create certainty in an environment where there is no certainty.

An audit cant create certainty in a place where there isn't any

Audits always create certainty

Paragraphs 4.26 and 4.27 provide guidance on factors that may influence auditors' materiality judgments in audits of government entities or entities receiving government assistance.

The guidance that can influence auditors' judgments during entities audits can be found in paragraphs 4.26.

Paragraphs 4.26 and 4.27 do not provide any information on the influences of auditors.

over the long-term will require concerted actions by a variety of parties, including accounting and auditing standard setters, regulators, management and boards of directors of public companies.

In the long-term it'll require actions by a number of parties.

Accounting and auditing standard setters are not including in the parties taking actions.

The acquisition profile, which is a mechanism for documenting key information about an acquisition under review, is used to help auditors plan and conduct assessments of an acquisition.

The acquisitions profile is a tool auditors use to assist during acquisition assessments.

The acquisitions profile, a tool auditors compile for acquisitions, has fallen out of fashion over the last decade.

Officials of the audited entity are responsible for resolving audit findings and recommendations directed to them, and for having a process to track their status.

Resolving audit findings is the responsibility of the audited entity's officials.

Resolving audit findings isn't the responsibility of the audited entity's officials.

They aircraft inspector is conducting a quality check to ensure safety and performance.

An aircraft inspector is inspecting an airplane.

The aircraft inspector is late to work because of traffic.

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

Laws and rules could compel an internal audit organization to report outside that entity.

Internal audit organizations cannot be compelled to report outside that entity by any force.

do they live close by

Is their house near here?

I do not want to know where they live.

'It's right over-'

It can be found

It's location is unknown.

uh-huh well um i'm i'm originally from Butler and that's about an hour away from where i am now i'm at Clairon And um it's it's pretty like windy and hilly

Clairon is roughly an hour's distance from Butler.

I'm from Clairon but live and work in Butler.

The center, spearheaded by local attorney Jon Muth, appears to be unique to Grand Rapids, Lalley said.

Lalley said the center looks to be unique to Grand Rapids.

The center is the same in every center.

In the bottom-right corner, click Bomis , which will take you ...

Select Bomis, which is in the corner on the right.

Click on Bomis, located in the upper-left corner.

Go scout the town tonight.

Go look after the town tonight.

Go find another town to sleep in tonight.

uh-huh where about

Where is it?

I do not care where it is.

right in yeah right in uh almost right in downtown

Right, almost in downtown.

No, nowhere near downtown.

Astley Priors, the place is called."

The location goes by the name Astley Priors.

The place is actually called Bone Valley.

you're at yeah you're right across the uh lake from what Plattsburgh

You are located right across the lake from Plattsburgh.

You're right in the middle of Plattsburgh.

yes it is kind of small

It's on the small side.

It's huge!

okay yeah on the other side of Amarillo yeah

Near Amarillo but on the other side.

It is on the same side of Amarillo.

Found him crawlin' along right near town.

Crawling along close to town was where he was found.

He was found far in the woods, a vast distance from town.

SOUTHEAST

The path that is downward and to the right, relative to the North Star.

Our goal is to reach the North Pole.

okay so you're like at the bottom of Cape Cod

You are near the bottom of Cape Cod.

You are in Las Vegas.

um from the outside but but still it's you know it's really not not not a good quality

With a little distance, you can tell it's not a good quality.

I think it's a pretty great quality to have.

you know and this is like across the street this was a nice part of town

This was in a nice part of town.

There are parts of town where you are safe.

In front of the entrance to the school, he planned a gigantic reconstruction of a battle field from level 3c of the cult game 'Warriors of Battlefield 17' (map 4azurroknight.Pk3).

he designed the battlefield from level 3c so it would fit in front of the school

The only games ever played were those he could play outdoors

Where is it now?"

Now where is it located?

I know exactly where it is.

um-hum now where is this

where is this?

Why is this?

It was at 335 West 39th Street, not 355 West 39th.

It was at 335 West 39th street.

It was on 355 West 39th street.

At Waterloo."

Located on Waterloo.

At Georgetown.

i think it was the Black Hills of South Dakota

I'm pretty sure it was the Black Hills.

I think it was in the hills of North Dakota.

He was playing with the cell phone when by accident the top ten list of exotic places appeared.

The top ten list appeared while he was playing with his cell phone.

The top ten list of exotic places never popped up.

what do you mean where oh in Raleigh

You're in Raleigh?

You're in Tenessee?

yeah plus i think he lives at a small hillside too so

As far as I know he lives at the hillside.

Yeah he lives on the large riverbank.

I looked everywhere for it."

I looked all places for it.

I didn't look for it.

To the South

South of it

To the north.

yeah well well we live we live really close to Lake Champlain which is in the Champlain Valley so we're a little we're about two weeks ahead of everyone else out on the outskirts so

Lake Champlain lies in the Champlain Valley.

Lake Champlain is nowhere near the Champlain Valley.

but uh the closest one to Raleigh is in uh Chapel Hill which is about twenty five miles away and believe it or not you can't pick it up

You'd have to go from Raleigh to Chapel Hill and it's nearly twenty five miles.

There is one right in Raleigh, and none in Chapel Hill, and you can just pick it up.

Mintie, a Claremont resident, made it possible for Ceballos to represent poor clients against wealthy landlords, a calling about as low-paying as lawyer jobs get, and pay off her loans at the same time.

Mintie lives in Claremont.

Mintie lives in Hoboken.

Where's the Caligulan blood frolic?

where is the Caligulan blood frolic?

Where is the hat?

Look northwest from here and you will see a much more impressive sight in the distance.

You are located the the southeast of a very impressive sight.

The sight is located very close and is just to the south of you.

uh-huh did you see Pacific Heights

Did you see Pacific Heights?

It was not a question.

well yeah but TI is up there so that part of it would probably work out

TI is up there.

No one is up there right now.

yeah that's right so that's where i've done most of that actually

That is the location where I accomplished most of the work.

We were falling behind because none of it got done.

Do you know where?

Where is it?

Do you know what it is?

uh at North Hampton right

Yes, at North Hampton, you are right.

Definitely not at North Hampton.

just know they're close by

You should know that they are nearby.

They are not anywhere near here.

Where is he?

What are his whereabouts?

What is he doing there?

Scenes in the film Cocktail (starring Tom Cruise) were filmed in the cascades.

The cascades were a location used in a Tom Cruise film.

Film cameras are not allowed in the cascades.

and that's in that's in New Braunfels property

That is in New Braunfels premises.

That is two miles outside New Braunfels premises.