Read the case titled “Satyam Fraud” and answer the following questions.
Read the case titled “Satyam Fraud” and answer the following questions. Your answer for each of the three questions can be between 200 to 1000 words. The three parts must be clearly identified in your answer (i.e., it cannot be just a single continuous answer without showing where each part starts or ends). Please check for spelling and grammar errors prior to submission.
What are the primary assertions related to cash?
What audit procedures are typically performed to test these assertions?
In terms of the confirmation of cash balances, what deficiencies can you identify in terms of the procedures followed in the Satyam engagement?
What are the primary assertions related to accounts receivable (A/R) balances?
What is the appropriate response to A/R non-replies?
Were the alternative procedures applied in an adequate fashion in the Satyam audit?
Why or why not?
What would you have done differently?
Requirements: 2 pages
Answer preview to read the case titled “Satyam Fraud” and answer the following questions.
APA
695 words