Chang/Shang-Jen/Nov 29 chapter 12/page 528/ 2, 9

2.

Projects –significant size or importance –audit early audits –focus on technical issues later

audits –less important for project, high value for parent organization, schedule, budget,

management issues –disposal of equipment, reallocation of personnel

Work-Experience Application: In my past experience, my previous company's auditor

usually checked our budget and asset many times. Every task force has 2 auditors to help

them do an audit. Due to the audit is so important, my previous company would also ask

the third party (an accounting firm) to help us check everything is alright.

9.

an credible a/e team

sufficient access to records

sufficient access to personnel

Work-Experience Application: In my previous company, they usually asked senior

auditors to help us do the most important project. Especially or oversea project, the auditors

should know other countries' accounting law. My previous would also hire some local

accounting firm to help our auditors. Without great auditors, my company's asset might be

used by some bad things.