Smacky Dog Foods

The Securities and Exchange Commission has a major influence on the inspect of Smackey clink Foods, Inc. by Keller CPAs. In order to rely the independence of the analyzeors that will be involved in this take stock, the size up standards established by the SEC must be followed. license is one of the six ethical principles of the American Institute of heighten Public Accountants (AICPA) Code of Professional Conduct. Audit team members ar to be objective and strong-minded regarding to the audit by maintaining objectiveness and being free of conflicts of interest in fulfilling professional responsibilities and by being free-lance in fact and appearance when providing auditing and some other than attestation services. Under the SOX, auditors defy to be objective and independent otherwise legal sanctions can be acquired. While the preceding(prenominal) standards be enforceable for the audit of public companies, it can likewise be useful to the audit of non public companies like Smackey Dog Foods, Inc. several(prenominal) essential activities are involved in the initial mean of an audit of Smackey Dog Food, Inc. 1.Understand the knobs pedigree and industry. The audit firm can benefit from its make in auditing other food manufacturers in planning and facilitating the audit for Smackey.

The members of the Audit team, the audit manager Pete and two audit staffers Ben and Maureen have to understand the thickenings business and industry. 2.Assess client business encounter. Business adventure is the risk that Smackey will be unsuccessful in achieving its objectives . In this activity, the audit team assesses ! the risk of material misstatements arising from Smackeys business risk. For example, the high inventory thriftlessness in Smackeys opera hat Dog division presents a huge business risk. This presents a potential material misstatement risk. 3. practise preliminary analytical procedures. Keller CPAs remove to compare the performance of Smackeys with the industry to obtain more than support for its preliminary military rank of its...If you want to piss a full essay, order it on our website: BestEssayCheap.com

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