Question

Respond to question a and b Please clearly distinguish your responses between the different discussion prompts.

Question a - You are a CPA and have accepted a new client for an audit engagement. You come to realize that the client's industry is more complex and technical than your initial assessments. In fact, you realize you are not competent to audit in certain areas of this client. What are your options?

Question b - Audits that involve information technology can require special technical knowledge and skill. Name two credentials (designations) that demonstrate competency in auditing information technology. Also, please name the organizations who sponsor these credentials.

Answer 1

Here is my Answer for the Above 2 questions

Question a : CPA Auditor can use the work of the Specialist in that area, before using the work of other specialist Auditor should see 1. professional qualification, certification and license 2. the reputation and standing of the specialist in peers 3. The specialist work experience in the type of work

Question b :1. CISA ( Certified Information systems Auditor) is best suitable designation to completre the Audits which requires special information technolgy skills, this designation is isuued by the ISACA ( Information Systems Audit and Control Association)

2. BBA ( bachelor of Business Administartion (honors)- Accounting ,Audit and Information technology is eligible for Audits which requires special information technology skills, this designation is issued by the AACSB international