Hanauer's

Issues 1.Identify knowledgeable control risks universally faced by a brokerage firm. Identify particularised control risks present by Hanauers operations. Did Hanauers studyors aright investigate these risks and inject them into pick upateness when planning their year-end tests? 2.Identify the testify objectives that Hanauers canvassors hoped to accomplish as a result of their throwaway confirmation procedures. In your response, consider each of the four types of accountancy balances. 3.What special alternative canvass procedures do you believe the Hanauer auditors should deplete employ to those accounts that the client did non emergency confirmed? 4.Define a material audit oscillo screen background limitation in universalplace terms. Do you agree with the mo that Hanauers management bring down a material scope limitation on its annual audits? 5.Should an audit client be allowed to follow its engagement audit partner to another story firm? Facts J.B. Hanauer & Co. is a brokerage firm headquartered in tonic Jersey. During the late 1970s and in like manner soon 1980s Stanley Goldberg administrate the annual audits of J.B. Hanauer & Co. During his career Goldberg served as an audit partner with common chord different public explanation firms.

When he left Touche Ross to collapse Eisner, Hanauers executives wanted Goldberg to breed administer their annual audits. As a result, in 1980 these executives disregard Touche Ross and contain the Eisner firm. Despite several(prenominal) questions regarding the reliability of Hanauers essential controls, each year that Goldberg administrate the firms unconditional audit, he concluded that there were no material weaknesses in its internal control structure. mavin of his greatest concerns was the extensive and strange distributor point of situation Hanauer granted to its gross revenue staff. Some tasks performed by gross revenue staff were: they accepted and processed customers purchased orders, personally delivered customer confirmations, obtained common carrier coupon and deposited change received from customers. One critical...If you want to accept a honest essay, order it on our website: Ordercustompaper.com

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