1what are the differences and similarities in audits of

Assignment Help Auditing
Reference no: EM13379832

1. What are the differences and similarities in audits of financial statements, compliance audits and operational audits?

2. List five examples of specific operational audits conducted by an internal audit in a manufacturing company.

3. What are the major differences in the scope of the audit responsibilities for public accountants, government auditors, tax assessors and internal auditors?

Reference no: EM13379832

Questions Cloud

The raymond co is concerned that new gaming legislation : the raymond co. is concerned that new gaming legislation will be passed whereby spending limits will be placed on
You are believer that new employees should practice their : you are believer that new employees should practice their accounting skills before throwing them into the fire.
You have met with a potential client who informs you that : you have met with a potential client who informs you that all the employees and officers of his company are bonded. for
Crsl has a large auditorium which can cater for 300 people : crsl has a large auditorium which can cater for 300 people and is ideal for formal balls and functions. the auditorium
1what are the differences and similarities in audits of : 1.what are the differences and similarities in audits of financial statements compliance audits and operational
In the normal course of performing their responsibilities : in the normal course of performing their responsibilities auditors frequently conduct examinations or reviews of the
1what is an audit2explain the followingastandard : 1.what is an audit?2.explain the followingastandard auditbpartial auditccomplete or detailed audit3.what is an
Select a company that you are familiar with from the : select a company that you are familiar with from the transportation industry.collect the 4 main financial statements
On jan 1 2013 richard sales isued 40000 of common stock at : on jan 1 2013 richard sales isued 40000 of common stock at a price of 22 per share. the stock has a par value of 1.00

Reviews

Write a Review

Auditing Questions & Answers

  Information of audit evidence

Auditors accumulate evidence to: a) defend themselves in the event of a lawsuit b) justify the conclusions they have otherwise reached

  1 during your audit of raceway inc you conclude that there

1. during your audit of raceway inc. you conclude that there is a probability that inventory is materially overstated.

  Questionuzi company received a charter granting the right

questionuzi company received a charter granting the right to issue 200000 shares of 1 par value common stock and 10000

  Afr companys internal audit function recently completed an

afr companys internal audit function recently completed an audit of the companys various employee benefit plans.nbsp

  Bond discounts-bond premiums

Explain how bond discounts and premiums usually arise. Describe how they are accounted for in the balance sheet and income statement.

  Write general journal entries to record the transactions

Write general journal entries to record the transactions and Write a stockholders' equity section as of the close of business on December 31, 2012.

  Audit risk and its components

For each of the above independent situations: (1) describe the overall impact on audit risk and provide your reasons for your answer, and (2) identify the specific component(s) of audit risk affected.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Determine the cost of goods available for sale

Determine the cost of goods available for sale, the ending inventory, and the cost of goods sold. Then create the journal entries for January 4 and 18.

  Different types of audits that can be performed

What are the different types of audits that can be performed? Identify and briefly describe one...there are several so several students can respond to this question with a unique answer.

  Identify the errors and indicate the change

The existence assertion pertains to whether items included in inventory are valid but does not extend to whether the reported dollar amount is the correct amount for the inventory items.

  Information of accounts receivables

Compute the ending balance of accounts receivable on 12/31/10. Compute the accounts receivable turnover ratio for 2010. Computer the average collection period in days.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd