Tommy oconnell audit senior essay

I would also pay close attention to what he does on a daily basis and try to provide the desired direction as a result. The role of an audit senior is more stressful compared to that of a staff accountant since there are more responsibilities involved.

Given this fact, I would contact the senior auditors that had been responsible for supervising Carl and ask whether they had any evidence of Carl neglecting some of the activities in the assigned tasks.

Failure to inform Jack on my suspicion would come out as negligence since I am not practicing due professional care. To begin with, I would be careful with the assignments that I give Carl given his professional inexperience and reputation. This means that an audit senior is responsible for reviewing and supervising the work being conducted by the staff accountants involved with a given engagement.

A staff accountant is usually left to complete their assignment within the stipulated time, but they may also have some client interaction. An audit senior can be tasked with overseeing more than one engagement at a given time.

Contacting Jack Morrison and letting him know the situation I am facing would be prudent too as he will advise on the way forward. The audit senior has a professional responsibility to inform the partners their concerns regarding a given engagement. Both roles are important since they assist in the performance of a comprehensive and quality audit.

Question 3 Among the ways to assess that Carl is not completing his assignments is by checking the time spent in these assignments.

January 23, Question 1 An audit senior is responsible for supervising audit engagements by way of planning, directing, executing and completing the audit of the relevant financial statements.

A staff accountant, on the other hand, is tasked with working on one engagement at a given time. Morrison ought to investigate the matter by reviewing closely the work executed by Carl. They are usually responsible for performing straightforward portions of the audit. Question 2 If I learned that Carl Wilmeth would be working with me on the Altamesa audit engagement, I would have handled the situation differently.

It is upon Morrison to institute relevant tests that would help in shedding light on this issue. When Carl completed an assignment that was allocated hours in 60 hours, this is one area that presents a red flag since hours had been required to complete the same assignment the previous year.

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Holding a meeting with the audit engagement team to remind them of their responsibilities would be paramount too. Question 5 If I were Jack Morrison, I would have taken the issue seriously given that the concern was coming from an audit senior. Question 4 Yes, I have a professional responsibility to raise the matter with Morrison regarding the suspicions that Carl is not completing all his assigned procedures.1.

Tommy O’Connell, Audit Senior TOMMY O’CONNELL, AUDIT SENIOR Suggested Solutions to Case Questions 1. One could easily argue that audit seniors occupy the most critical role on an audit.

Tommy O’Connell, Audit Senior An audit senior and staff accountant have some similar and different roles when it comes to an audit. The staff accountant does most of the “leg work” in an audit such as gathering.

An audit senior can [ ] Question 1 An audit senior is responsible for supervising audit engagements by way of planning, directing, executing and completing the audit of the relevant financial statements.

Tommy O’Connell, an audit senior, for a prestigious international public accounting firm had been making a fine path for his career. Having been with the firm for almost five years, Tommy was planning his goal to hit the role of audit manager by the time he had hit his fifth year with the company.

Becoming a manager in just five years is definitely no easy feat and Tommy %(4). Read this essay on Tommy O'Connell, Senior Auditor. Come browse our large digital warehouse of free sample essays. Get the knowledge you need in order to pass your classes and more.

Tommy O'Connell Tommy O’Connell, Audit Senior An audit senior and staff accountant have some similar and different roles when it comes to an audit.

Tommy O'Connelll Case Study Essay. 1.

Case 4: Tommy O’Connell, Audit Senior

Compare and contrast the professional roles of an audit senior and a staff accountant. In your analysis, consider the different responsibilities assigned to each role, the job-related stresses that individuals in the two roles face, and how each role contributes to the successful completion of an audit .

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Tommy oconnell audit senior essay
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