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1 . 1 How exactly does an expanded role of professional accountants affect the accounting profession?
The expanded part of professional accountants offers affected the accounting profession, in that fresh opportunities have been completely created for the profession to increase the range of services it gives to business organisations and the auto industry. With the enhancements of technology, global orders and competition between accountancy firms, specialist accountants now provide various consultancy sites to be to maintain their particular competitive benefits. The widened role of professional accountants has led to accountants undertaking tasks that might include hazards, management, personnel, consulting, expenditure, controls and investigation.
Following the latest significant corporate and business collapses and the relationship to auditors and accountants discharging their tasks, there have been spate of regulating and job reforms that can restore assurance to both the public as well as the profession. The concept of audit self-reliance is being evaluated critically in regards to its significance and contribution to the general public interest. The impact of the extended role contain:
Increased open public scrutiny in the fees payable to plus the independence of auditors; Elevated opportunities intended for auditors and accountants to become involved in the managing of businesses, together with the increasing hazards to independence.
Elevated government restrictions and professional regulations regarding the tasks performed, quality control and opportunity of auditors’ work. Elevated acceptance from the importance of auditor independence.
1 . 2 What role truly does ASIC include in the regulation of auditors?
ASIC has a significant role in the regulation of auditors. ASIC may be the statutory management body to get the adjustment of the Organizations Act 2001. Government legislation is exercised through ASIC’s surveillance program which involves the scrutiny coming from all aspects of the financial claims of detailed and some non-listed Australian community companies. The goal of this security program is usually supplemented by simply an auditors’ review software and a liquidators’ review program. ASIC has the next powers and influence in the regulation of auditors:
Registration simply by individuals, firms and firms as auditors; The audit inspection program enforced by the ASIC which will cover the auditor rotation plan, the guidelines and function practices of auditors; and Audit self-reliance issues.
This statutory physique also has the energy to can charge a penalty about registered auditor or liquidator if he is found to be guilty of failing to release duties properly. If the auditor is considered to be not really a fit and proper person, his/her enrollment can be cancelled or hanging, such as
bankruptcy.
1 . 3 Precisely what are the different types of taxation activities that an auditor may perform? Talk about.
Audits are usually classified in different types of activities ” economical statement, complying, performance, extensive and environmental audits. Auditors may also be performing internal review as an assurance engagement.
The objective of a financial affirmation audit is to enable the auditor to express an opinion as to whether the monetary statements have decided, in all material respects, in accordance with an discovered financial confirming framework. The financial statement audit entails obtaining and evaluating data about a great entity’s financial affairs in order to establish the degree of correspondence between your management’s assertions and the set up criteria, including legal requirements and accounting standards. This type of examine is performed by independent auditors appointed by the shareholders with the company, or by equivalent proprietors of non-incorporated organizations whose statements are staying audited. Auditors must be qualified and able to exercise all their skills in an independent and objective way. The nature and extent with the audit assessment are provided in Part 2M. a few, Division three or more, Audit and Auditor’s Record, of the Corporations Act.
A compliance examine involves obtaining and assessing evidence to determine whether certain financial or operating activities of an entity conform to particular conditions, rules or restrictions. The set up criteria in this type of taxation may come by a variety of options. Management, for instance , may prescribe policies (or rules) related to overtime job, participation within a superannuation program, and discord of interests. Compliance audits based on criteria established by managing may be taken on often in the past year. Business enterprises, not-for-profit organisations, federal government units and individuals are necessary to prove complying with many restrictions. In many instances, the audit thoughts and opinions issued underneath the requirements from the Corporations Act has aspects of a compliance audit, in which the auditor is usually
instructed to express an impression on the provider’s compliance together with the provisions from the Corporations Work. Corporate and individual people comply with the Income Tax Analysis Act 1936 (Cwlth), since amended, in filling out their annual taxation statements.
In the public sector, the term ‘regularity audit’ is used to denote an examination that reports on the legitimacy and charge of operations plus the integrity of people dealing with open public funds, such as expression associated with an opinion by using an entity’s conformity with lawful requirements, guidelines, ordinances or directives that govern the activities.
A performance review is an audit of all or part of an entity’s or entities’ activities to evaluate economy and efficiency and/or effectiveness. That involves obtaining and analyzing evidence about the efficiency, economy and effectiveness of an entity’s functioning activities in relation to specified objectives. This type of examine activity can be undertaken inside the private or public sector, by an internal or exterior auditor, or perhaps as a great one-off task or an ongoing engagement. Occasionally performance audit may also be termed as a value-for-money (VFM), detailed or management audit. The word ‘performance audit’ is usually used in the open public sector, with a few application inside the private sector; the other terms are typical to the two private and public industries. The Aussie National Examine Office (ANAO) defines a performance taxation as:  an independent and systematic examination of an company, program or function pertaining to the reasons of: ¢forming an opinion regarding:
“whether the organisation, system or function is being handled in an cost-effective, efficient and effective fashion; and “the adequacy of internal techniques for marketing and monitoring economy, efficiency and efficiency; and ¢suggesting ways through which management procedures, including techniques for monitoring performance, might be improved.
Comprehensive auditing takes place when an auditor undertakes a range of review and related services to get a client ” a situation that is more widespread in the open public sector. A thorough audit involves the elements of a financial
statement audit, a conformity audit and a functionality audit.
Environmental matters might have an impact within the financial transactions. Some examples of environmental things affecting economic statement accruals, the impairment of resources, disclosures or maybe the basis of planning include: ¢a pollution avoidance system, that the cost might be accrued to get remediation costs ¢liability in relation to transportation of, or toxic contamination by, dangerous waste ¢the obsolescence of inventory due to environmental legal guidelines.
Auditors are required to carry out their environmental taxation with an attitude of professional scepticism, identifying that the taxation may reveal conditions and events that might lead to asking whether the organization is making sure that you comply with relevant environmental laws and regulations. The environmental review is a latest trend and normally entails a review or perhaps an agreed-upon procedures involvement.
Internal taxation is defined as persistent, objective peace of mind and asking activity designed to add benefit and boost an organisation’s operations. It assists an company accomplish the objectives by bringing a scientific, disciplined approach to evaluate and improve the performance of risk management, control, and governance procedures.
1 . four How does the profession/government make sure that external firm audits will be performed in an appropriate quality?
Every career is concerned regarding the quality of its services, and the public accounting career is no exception. Quality audits are essential to ensure that the career meets their responsibilities to clients, towards the general public and regulators who rely on self-employed auditors to take care of the credibility of financial details. To help insure quality audits, the career and the government bodies have developed a multilevel regulatory framework. This kind of framework involves many of the actions of the personal and community sector organisations associated with the career.
For the purpose of talking about the platform, these activities may be organized as follows: ¢Standard setting: The AUASB concerns Standards, Direction Notes and other guidances to supply clear standards for auditing and assurance services, and then for review and also other related services. The professional bodies and IFAC issue ethical unique codes to establish and monitor the performance of professionalism and ethical actions of professional accountants. ¢Firm regulation: Every single public practice entity retreats into policies and procedures to make certain practising accountants adhere to specialist standards. ¢Self- or peer regulation: The accounting occupation has applied a comprehensive plan of self-regulation (including obligatory continuing specialist education) and a program of quality control and practice reviews. ¢Government regulation: The FRC, ASIC and CALDB, along with the process of law, courts keep an eye on and regulate auditor self-reliance and conduct.
The quality control standards help firms to obtain quality practice at company and specific levels. The quality control criteria include: Miscellaneous professional statements (APSs);
APES410 concerning conformity with auditing and assurance criteria; and ASA220 (ISA220) which identifies the responsibilities of a great engagement spouse and diamond team in an audit involvement.
Firm control involves with the implementation of your system of top quality control inside firms. They typically consist of elements including leadership duties, ethical requirements, systems in acceptance and continuance of client relationships, proper allowance of human resources, control of diamond performance and monitoring and quality opinions.
On the other hand, self-regulation is imposed by the professional bodies using certificate of practice, ongoing professional education requirements, and reviews. Moreover to these, the federal government practises general surveillance through ASIC, with reference to the registration and monitoring of auditors by the CALDB.
1 . 5 Lindley LJ used this sentence inside the 1895 Greater london and Standard Bank circumstance. How will you describe the relevance in the auditor’s position in
present moments? His organization is to determine and point out the true budget of the firm at the time of the audit, fantastic duty is usually confined to that¦
The function of the auditor has changed noticeably since the moments of the Birmingham and Basic Bank case. These adjustments have been brought about by changes in law and common law through changes in community attitudes and expectations. The auditor’s role is still extremely relevant in terms of adding believability to financial statements. Nowadays, auditors as well offering a broader array of assurance services to satisfy the information needs of today’s users of financial data. Examples of this broader range of services consist of performance audits and environmental audits.
1 . 6 Go over the different types of assurance which may be attained in an confidence engagement.
Reasonable assurance diamond:
The goal of a reasonable confidence engagement should be to reduce the peace of mind engagement risk to an acceptably low level, with all the aim to reach a positive type of expression of conclusion. Limited assurance engagement:
Limited guarantee engagement aims to reduce the peace of mind engagement risk to a level that is appropriate in the situations of the diamond but exactly where that risk is more than for a affordable assurance engagement, as the basis for a negative form of manifestation of judgment..
1 . several What are the constraints, if any kind of, of a economical statement audit?
A financial assertion audit is conducted in accordance with ASA 200 Objective and Standard Principles Regulating an Examine of a Economic Report. There are inherent restrictions in any review. These constraints include the utilization of testing, reliance on inside control structures, the possibility of collusion and the reality most examine evidence is persuasive instead of conclusive. Regardless of the type of examine, a professional subjective judgement to be used in gathering and evaluating evidences and forming the
relevant conclusion.
These inherent restrictions also signify the auditor cannot achieve a zero diamond risk. Therefore , an absolute peace of mind is impossible in a economical report audit.
1 . eight An boosting role of auditors has developed where the taxation expertise is employed widely to help the customer’s needs. What do you think are the most effective views regarding the role explained, with particular reference to seen audit self-reliance?
The improving role defined is a rational extension with the auditor’s traditional role, in order to meet the changing expectations of users of financial statements in recent years. Auditing in addition has progressed from a complying role to a value-adding role to supervision and business. Along with increasing competition among businesses and cost/efficiency pressure, auditors often give consulting services to review clients. Hence there is a hazy or romantic relationship with clientele.
The public assurance of examine independence have been in decrease as a result of high profile corporate and audit failures, partly as a result of wide range of services that were performed by the auditors involved in these kinds of cases, and partly due to the lack of powerful corporate governance. However , lawmakers, the profession and the taxation firms almost all have been working hard to push to get reform to revive confidence, freedom and honesty to the occupation. Recent samples of significant change to taxation independence are: The achievement of Sarbanes-Oxley Act in US;
“Big Four Organizations such as KPMG and PriceWaterhouseCooper have separated their managing consulting and assurance services by selling their particular consultancy provide to a third party; and An important “cooling off period to get retiring lovers joining the board of their audit consumers and a mandatory rotation of engagement lovers.
1 . 9 What is supposed by a complete audit? Should a comprehensive review be
carried out by an independent auditor?
A thorough audit involves the elements of a financial record audit, a compliance audit and a performance review. It is in most cases undertaken in the public sector through the business office of the Auditor General. A comprehensive audit would normally become carried out by persistent auditor, in either the public sector or perhaps the private sector.
1 . twelve How do you believe the corporate collapses have motivated the role of auditing in recent years?
The corporate collapses in US and Australia have gotten a fundamental impact to the part of auditing in recent years. The latest events have got led closer public scrutiny on the part of the auditor, the audit independence plus the methodology on how an audit is executing. That is, there is certainly greater learning the expectation difference between the general public and the auditing profession as well as the acknowledgement by profession that it needs to lessen this distance. Significant measures have been built to influence the enhancing function of auditor to that of any convergence part, which highlights the following: A definite objective to boost and maintain the integrity from the profession; Obviously address the auditor fascination to the open public is as significant as to the customer, such as shielding independence through the elimination of complex marriage with audit clients (i. e. limit to examine only); State ethical governance;
A clear difference of examine and non-audit engagements carried out by auditor, this leads to legislation and self rules being proven to a prohibit on selected non-audit providers for review clients; More powerful regulation on auditors and audit businesses as well as more challenging enforcement on noncompliance; Come back to a more thorough audit of substantive matters, rather than limit to the tests of inside controls; Elevating the forensic nature of audit and stronger awareness of corporate fraudulence; Relate review risks to business risk
Professional software questions
1 . 1 Taxation objectives
Required
Discuss the present changes in the objectives of auditing, identifying the expanded functions of specialist accountants and a few of the causes attributable to all of the changes.
The traditional audit role was a ‘conformance role’. Audits focussed on obtaining errors in balance sheet accounts and on coming the growth of fraud. The detection of fraud had a very important emphasis. As companies began to develop and become more complicated during the nineteenth century, the detection of fraud became an unrealistic objective ” although it was still being generally perceived as one of the main goals of a economic report examine.
The difference in perception of responsibilities and reality were addressed in the case of Kingston Silk cotton Mill Co (1896) two Ch. D279. Lopes, LJ said of auditors: ¦He is a watchdog, but not a bloodhound¦If there is anything worked out to motivate suspicion, this individual should übung it to the bottom but , in the absence of anything of this kind, he is only bound to be reasonably cautious and careful¦
This kind of effectively explained that it is not possible to find all fraud as part of the audit. Auditing requirements place the pursuing requirements in auditors:
The auditor will need to plan the audit to have a reasonable expectation of finding material misstatements that have a material influence on the economical report (ie not all fraud).
The auditor should survey any problems (including fraud) even if the influence on the monetary report is expected to always be immaterial.
To summarize, the primary objective of an taxation is to communicate an opinion as to whether the economical report is prepared, in most material respects, in accordance with an identified economical reporting construction. The objective
to detect fraud is in the context of the auditor’s view.
Also in recent times, the part of the auditor has expanded to meet the changing expectations of users of financial statements. This broadened role is usually evidenced by wide range of assurance services at this point offered by auditors.
1 . a couple of Independence
Essential
Depending on the series of accounting turmoil and corporate collapses in the early 2000s, discuss the importance of maintaining freedom by a great auditor.
Examine Independence is a cornerstone of auditing. Self-reliance is the substance that underlies the accomplishment and believability of the accounting profession and its particular service to the population. Maintaining independence allows the auditing and accounting career to be self-regulated, a highly renowned character. This objectivity enables the profession to perform the attestation and monitoring functions effectively. Freedom is also something of the agency theory of auditing. In the management /shareholder agency romance it is important that the monitoring function (audit) is definitely and is found to be distinct from management, for it to become ‘value added’ service.
1 ) 3 Normal setting
Essential
a. Comment on a great auditor’s potential and methods in attesting the trustworthiness of financial transactions prepared by the governing party of an organisation.
Due to formal training and experience, the auditor is actually able, credibility and authority below Corporations Legislation, to undertake attestation of financial assertions. At minimum, an auditor who does an audit must be a present registered member of CPA Australia and ICAA. In accordance with the needs laid straight down in the different Auditing Standards, the auditor plans the nature, timing and extent of procedures to become followed to
arrive at a positive appearance of an view under the requirements of ASA 200 and ASA 230.
b. Clarify what type of confidence an auditor should provide in a financial statements review.
A financial assertions audit can be one that expresses an opinion upon written statements and thus the audit degree of assurance is definitely expressed like a positive view. The monetary statement taxation provide a affordable level of assurance which improves the credibility of the information provided by the party responsible for the situation, such as in the audit survey on financial statements under the Corporations Action 2001. Even though the assurance with the financial statement audit is usually objective, it truly is subject to many inherent restrictions. Some of these restrictions include time lapse, audit testing based upon selective trials, a very subjective assessment of materiality, which where there are highly specialised areas, the auditors may need to seek out external guidance regarding the subject material being audited.
1 . four Regulatory construction
Required
a) A single component of this framework is the oversight ability of the FRC. Identify the sort of work that is certainly performed by the FRC which usually aims to improve the quality and independence of professional solutions
Section 240 of the Corporate Law Economical Reform Program Act 1999 lists the function with the FRC. That they include:
i) Overseeing the setting of accounting requirements in Australia; ii) Appointing members of the AASB other than the chair;
iii) Giving directions towards the AASB on matters of general coverage and techniques; iv) Monitoring the operation of accounting standards to evaluate their continued relevance and effectiveness in achieving their very own objectives; v) Monitoring the potency of auditor self-reliance requirements nationwide; vi) Credit reporting to the ressortchef (umgangssprachlich) and supplying advice regarding continuing
steps to improve auditor self-reliance; and vii) Monitoring disciplinary procedures of accounting body.
The FRC’s role in regards to auditor independence is concerned generally with establishing arrangements essential for monitoring the potency of auditor self-reliance requirements by using an ongoing basis.
b) Talk about your views of the effectiveness of the latest regulatory system
This section of the solutions can include the present condition of price incurred by firms in ensuring complying, the lack of moral training in days gone by which may make lack of a highly effective approach to treat audit failures, and the standard market condition of the career (skills shortage, comparability of demand and provide, etc . )
1 . a few Organisations associated with the profession
Required
Suggest the business or organisations associated with every single activity.
1 ) CPA Quotes and ICAA
installment payments on your Financial Revealing Council and the Australian Accounting Standards Table (AASB) several. Auditing and Assurance Criteria Board (AUASB)
4. ASX (Australian Stock Exchange)
5. CPA Down under and ICAA
6th. CPA Sydney and ICAA
7. AUASB
8. Auditors and Liquidators Disciplinary Table
being unfaithful. Public Sector Accounting Standards Board
10. AUASB
11. ASIC
12. AASB
1 . 6 (Types of assurance)
Required
Indicate the type of assurance for every single of the actions
Number
Type of confidence
one particular
Not any assurance (non audit engagement)
2
Simply no assurance (non audit engagement)
3
Average assurance (full audit can not be achieved due to the nature in the prospectus i. e. approximate amounts) 4
Not any assurance (agreed upon methods and the auditor is required to present actual findings) 5
No peace of mind (agreed after procedures plus the auditor need to present actual findings)
1 . 7 Internal and external audit
Required
Compare and contrast these two positions in a tabular format under the headings of independence, characteristics of work, top quality standards, legal guidelines, and professional status.
Inner auditor
Independent auditor
Freedom
Personnel of the company; conducting self-employed appraisal within the organisation Exterior professionals involved by the company to perform the audit and concern a opinion; must not be an employee or having financial dealings with the audited organisation my spouse and i. e. keeping shares Mother nature or work
Internal systems and settings review, looking at, forensic (including fraud) research, internal appraisals, consultation to senior administration, business and financial preparing and even economical statement review Internal systems and controls review, conducting financial affirmation audit (including
assessment on the mother nature and the ethics of material transactions), forensic brought on (if needed), management consulting, etc . Quality standards
As set out by management; likewise comply with specialist standards since set out by ICAA/CPA/IIA; also complying with relevant auditing and accounting standards Because set out by simply terms of engagement; as well comply with the audit business’s standards. Must comply to professional standards as placed by AUASB and AASB; the taxation must be conducted in accordance with relevant standards. Guidelines
Generally not any legislation
Must be authorized with ASIC in order to perform audits; Auditors must work within the criteria of Corporations Act Specialist status
Can be a member of IIA or other specialist bodies (including ICAA/CPA) Has to be a member of ICAA/ CPA (CERTIFIED PUBLIC ACCOUNTANT) or comparative professional accounting bodies; can even be a member of IIA
1 . 8 Examine management and quality problems
Required
Set out the headings intended for material that would need to be within a staff review manual, including the key rules and top quality control methods discussed from this chapter
Crucial principles:
Integrity;
Objectivity;
Independence;
Confidentiality
Technical & professional criteria;
Expertise & Because of Care; and
Moral behaviour
Top quality control methods:
On-the-job-training and experience;
Specialist requirements;
Assignment
Continuous specialist education; including professional certification; Supervision and delegation;
Checklists and monitoring;
Regular personnel appraisals;
Progression and rewards;
Staff counselling; and
Professional associations with clients (including prohibitions of having economical interest with audit clients) and disclosure of marriage with customers
Case research
1 . one particular Regulatory structure
Required
You are the newly appointed audit lecturer in an Aussie University. Clarify the significance in applying international auditing specifications in the Australian context and what have been done.
Relevance of applying international auditing standards
The importance of worldwide accounting standards to enhance regularity in interacting and testing financial functionality in global markets; The usage of international auditing standards will make sure that criteria and top quality of information used as expenditure decisions will be reliable, and they are expressed applying generally appropriate international requirements; The transferability of accounting and auditing services throughout multinational companies; The strategy adopted by governments in order that the integrity in the capital marketplace and info.
1 . a couple of Quality control and ethics
Required
a. Explain whether Mr. Skate has breached any of the quality control guidelines defined in MANUBRIO 220 (IAS 220) and APES 320.
ASA 220 and APES 320 fine detail the mandatory requirements regarding quality control techniques for audits of famous financial details, including a great audit of the financial report. Mr Skate has breached: a) Professional Independence
The fixed charge, bonus and intensely limited time period for the completion of the audit may cause potential issues with respect to both genuine and perceived independence. b) Employment
Lack of information from the specifics presented.
c) Project of Employees to Engagements
The graduate does not have adequate experience to do an examine. The graduate student who is inside the tax section may not have received sufficient training to undertake a great audit job. d) Guidance
There seems to be no oversight of the job of Jones. He have been left to complete the audit by himself. The only assessment seems to be with the inadequate financial statements rather than of the job papers. e) Guidance and Assistance
The only guidance is at the initial hour of agglomération given to Thomas. This was as well quite problematic as Thomas was informed that he should not test out controls. Handles should be at least ‘reviewed’ as part of every single audit. Just substantiating unusual balances is also an inadequate approach. f) Client Analysis
There definitely seems to be no analysis of this consumer before the approval of the involvement. g) Allocation of Administrative and Specialized Responsibilities Insufficient information from your facts presented
.
n. Discuss virtually any ethical problems raised in this case study.
We have a lack of overall look of self-reliance.
The bonus can be prohibited under the Code of Ethics intended for Professional Accountants. Staff designated to do the audit lack competence. The audit spouse has not complied with auditing standards.
Moral Issues are:
Lack of freedom;
Insufficient audit proficiency;
Improper support and supervision given to the taxation team; Risk of inappropriate review opinion.
Analysis question
The question requires the student to seriously examine the relationships in the auditor with users of economic statements and the regulatory program. Students should consult literary works to identify the role of auditors during the last decade, what have been improved and so why. Furthermore, learners should project the present circumstance faced by the audit occupation and how the profession interact to such alterations. Finally learners are asked to provide their particular perceptions from the different conformance, enhancing and converging jobs discussed in the chapter.
The format in the essay will need to cover:
(a) How the auditors’ relationships with clients, users and the general public have changed over the last ten years, identifying a number of the factors which in turn caused these kinds of changes: The traditional responsibility in the auditor: an event providing a completely independent assurance to users of financial statements about the truth and fairness of economic statements. Some theoretical maintaining such as Agency theory should be discussed. Dependence by the users of financial claims upon the auditor was subject to the interpretation of the laws, and professional reasoning and affordable care worked out by the auditors, the self-regulatory regime, description of the conformance role; The widening in the expectation gaps where the anticipations of users compared with the ones from the profession and the regulating regime;
Financial factors which led to the expansion of competition, the progression of technology and the advancement audit expertise to include a asking role intended for clients, the emergence of your enhancing role undertaken simply by auditors; The hazards of lack of audit freedom due to close relationships between the auditor plus the clients, the response in the audit career; Corporate collapses, the liability catastrophe that followed some taxation failures, the deep pocket theory as well as the gradual erosion of reliability; Governmental intervention, credibility crisis and the implosion of examine firms, as well as the development of a convergence part. Some conceivable factors in the change: failing of the legal regime in capturing the complexity of the role of auditors; monetary changes resulting in competition amongst audit businesses; lack of honest training in specialist education; failure of successful self-regulation by the profession, etc .
(b) Likely impact of those changes for the work of auditors down the road: Increase in examine fees;
Rigorous examine quality control practices;
Auditors’ elevating caution in working with clients’ organization; Heightened indemnity insurance premiums;
Audit Career embarking in extensive ‘regaining credibility’ plan Some taxation firms’ incapability to preserve without consulting services; Enhancements made on audit surroundings between several tiers as a result of limitation of non-audit providers and clients’ minimising hazards of challenging audit experience.
(c) If auditors should certainly perform a conformance role, a great enhancing position or a converging role.
This kind of part of the solution demands good comprehension simply by students, and their insights attained as to the advancement the review profession before, with predictions of the future.
Assets should include but not limited to:
IFAC’s 2003 July Study on ‘Rebuilding the confidence of Financial
Reporting’ and subsequent research of the global profession. Review firms’ charges structure ” changes over the years
Taxation expectation space literature
Audit responsibility literature and
Most recent legislation regarding the audit occupation including CLERP 9 Take action and the PM HOURS.
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