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 swan the independence of the analyzeors that will be involved in this study, the canvased account standards established by the SEC must be followed. granting immunity is one of the six ethical principles of the American Institute of canvas Public Accountants (AICPA) Code of Professional Conduct. Audit team members be to be objective and strong-minded regarding to the audit by maintaining objectivity and being free of conflicts of interest in fulfilling professional responsibilities and by being single-handed in fact and appearance when providing auditing and early(a) than attestation services. Under the SOX, auditors defy to be objective and independent otherwise legal sanctions can be acquired. While the preceding(prenominal) standards are enforceable for the audit of public companies, it can likewise be useful to the aud it of non public companies like Smackey Dog Foods, Inc. several(prenominal) essential activities are involved in the initial intend of an audit of Smackey Dog Food, Inc. 1.Understand the knobs business 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 invitees business and industry. 2.Assess client business encounter. Business chance is the risk that Smackey will be unsuccessful in achieving its objectives. I n this activity, the audit team assesses the! risk of material misstatements arising from Smackeys business risk. For example, the high inventory thriftlessness in Smackeys trump out Dog division presents a huge business risk. This presents a potential material misstatement risk. 3. practise preliminary analytical procedures. Keller CPAs consider to compare the performance of Smackeys with the industry to obtain much support for its preliminary military rank of its...If you want to part a full essay, order it on our website: OrderCustomPaper.com

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