Evaluate the following activities and functions and align them with the accounti
ID: 2603660 • Letter: E
Question
Evaluate the following activities and functions and align them with the accounting specializations below.
Accounting specializations:
A. An accountant working for a public accounting rm performing audits and quarterly reviews of public companies.
B. An accountant working for a public accounting rm providing audits and reviews of nonpublic companies.
C. An accountant working for the GAO.
D. An internal auditor working for a public company.
E. A forensic accountant.
* Audit activities focusing on efficiency.
* Specialists in physical evidence indicating fraud.
* Independence from the organization receiving the service is required.
* May be involved with accomplishing a company's SOX requirements.
* May be involved with assessing whether ICFR operates effectively.
* Service is based on inquiry and analytical procedures.
* Findings from activities are expected to be used as evidence in court.
* Uses procedures such as inquiry, document inspection, and reperformance.
Explanation / Answer
A. An accountant working for a public accounting rm performing audits and quarterly reviews of public companies.
*Service is based on inquiry and analytical procedures.
B. An accountant working for a public accounting rm providing audits and reviews of nonpublic companies
* Uses procedures such as inquiry, document inspection, and reperformance.
* Specialists in physical evidence indicating fraud
C. An accountant working for the GAO.
* Audit activities focusing on efficiency.
D. An internal auditor working for a public company.
* May be involved with accomplishing a company's SOX requirements.
E. A forensic accountant.
* Findings from activities are expected to be used as evidence in court.
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