Environmental audit

AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

Question

Social audit has to do with the extent to which a company gets involved and interacts with the society in which it operates. This means that social audit does not extend to ONE of the following:
A. Corporate code of conduct and business ethics
B. Pricing policy, product safety, and quality control
C. Transaction audit
D. Employee health and safety
E. Environmental pollution

Answer

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Tags: Business Ethics, Corporate Responsibility, Environmental audit, Social Audit
Level: Level 3

Topic: Environmental and Sustainability Audits
Series: NOV 2012

AAA – Nov 2016 – L3 – Q5b – Assurance Services | Audit Evidence

Evaluate the environmental issues that could lead to misstatements and recommend audit actions for J & K Mining Company.

Question

J & K Mining Company operates in the Abuakwa Community of the Eastern Region as a Sand Wining Company. The youth of the area had been opposing the activities of the company of late. Sasana, the Managing Director of J & K Mining Company, approached Kaku & Associates, a Chartered Accounting firm, to accept an attest engagement to examine and report on the environmental issues of J & K Mining Company Ltd. for the year ended 31 December 2013.

Required:
i) Evaluate the environmental issues that may lead to the risk of misstatements in the Financial Statements. (3 marks)

ii) Recommend the actions and the audit procedures that Kaku and Associates should undertake when they realize that J & K Mining Company Ltd. has environmental issues that may affect the Financial Statements. (7 marks)

Answer

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Tags: Audit Procedures, Environmental audit, Risk of Misstatement
Level: Level 3

Topic: Assurance services, Audit evidence
Series: NOV 2016

AAA – Nov 2018 – L3 – Q3b – Audit approach, Government external audit and public accountability

Discussing the importance of environmental issues in an audit and how to carry out an environmental audit.

Question

Eco-Essence is a limited liability company set up to produce water and pharmaceutical products. Currently, it produces only sachet water. It has all the necessary certifications for production, including that of the Food and Drug Authority (FDA), Environmental Protection Agency, and District Assembly. The company operates from a quasi-residential area. Of late, the residents of the area have been complaining of an increase in the noise levels from the plant, pollution as a result of the sachet water rubbers, wastewater from the plant making some part of the community marshy, and deterioration of the quality of the roads due to the weight of heavy-duty vehicles.

Required:
i) Briefly outline why environmental issues are important to you in the audit of Eco-Essence. (3 marks)

ii) Discuss how you will carry out an environmental audit on Eco-Essence. (7 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedures, Compliance, Environmental audit
Level: Level 3

Topic: Government external audit and public accountability, The audit approach
Series: NOV 2018

AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Ethics, Corporate Responsibility, Environmental audit, Social Audit
Level: Level 3

Topic: Environmental and Sustainability Audits
Series: NOV 2012

AAA – Nov 2016 – L3 – Q5b – Assurance Services | Audit Evidence

Evaluate the environmental issues that could lead to misstatements and recommend audit actions for J & K Mining Company.

Question

Required:
i) Evaluate the environmental issues that may lead to the risk of misstatements in the Financial Statements. (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedures, Environmental audit, Risk of Misstatement
Level: Level 3

Topic: Assurance services, Audit evidence
Series: NOV 2016

AAA – Nov 2018 – L3 – Q3b – Audit approach, Government external audit and public accountability

Discussing the importance of environmental issues in an audit and how to carry out an environmental audit.

Question

Required:
i) Briefly outline why environmental issues are important to you in the audit of Eco-Essence. (3 marks)

ii) Discuss how you will carry out an environmental audit on Eco-Essence. (7 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedures, Compliance, Environmental audit
Level: Level 3

Topic: Government external audit and public accountability, The audit approach
Series: NOV 2018

Question Tag: Environmental audit

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AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

AAA – Nov 2016 – L3 – Q5b – Assurance Services | Audit Evidence

Evaluate the environmental issues that could lead to misstatements and recommend audit actions for J & K Mining Company.

AAA – Nov 2018 – L3 – Q3b – Audit approach, Government external audit and public accountability

Discussing the importance of environmental issues in an audit and how to carry out an environmental audit.

AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

AAA – Nov 2016 – L3 – Q5b – Assurance Services | Audit Evidence

Evaluate the environmental issues that could lead to misstatements and recommend audit actions for J & K Mining Company.

AAA – Nov 2018 – L3 – Q3b – Audit approach, Government external audit and public accountability

Discussing the importance of environmental issues in an audit and how to carry out an environmental audit.

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Question Tag: Environmental audit

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AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

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AAA – Nov 2016 – L3 – Q5b – Assurance Services | Audit Evidence

Evaluate the environmental issues that could lead to misstatements and recommend audit actions for J & K Mining Company.

You're reporting an error for "AAA – Nov 2016 – L3 – Q5b – Assurance Services | Audit Evidence"

AAA – Nov 2018 – L3 – Q3b – Audit approach, Government external audit and public accountability

Discussing the importance of environmental issues in an audit and how to carry out an environmental audit.

You're reporting an error for "AAA – Nov 2018 – L3 – Q3b – Audit approach, Government external audit and public accountability"

AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

You're reporting an error for "AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits"

AAA – Nov 2016 – L3 – Q5b – Assurance Services | Audit Evidence

Evaluate the environmental issues that could lead to misstatements and recommend audit actions for J & K Mining Company.

You're reporting an error for "AAA – Nov 2016 – L3 – Q5b – Assurance Services | Audit Evidence"

AAA – Nov 2018 – L3 – Q3b – Audit approach, Government external audit and public accountability

Discussing the importance of environmental issues in an audit and how to carry out an environmental audit.

You're reporting an error for "AAA – Nov 2018 – L3 – Q3b – Audit approach, Government external audit and public accountability"

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